1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Svet_ta [14]
3 years ago
15

Magnolia Manufacturing makes wing components for large aircraft. Kevin Choi is the production manager, responsible for manufactu

ring, and Michelle Michaels is the marketing manager. Both managers are paid a flat salary and are eligible for a bonus. The bonus is equal to 1 percent of their base salary for every 10 percent profit that exceeds a target. The maximum bonus is 6 percent of salary. Kevin’s base salary is $380,000 and Michelle’s is $440,000. The target profit for this year is $5 million. Kevin has read about a new manufacturing technique that would increase annual profit by 20 percent. He is unsure whether to employ the new technique this year, wait, or not employ it at all. Using the new technique will not affect the target. Required: a. Suppose that profit without using the technique this year will be $5 million. By how much will Kevin’s and Michelle’s bonus change if Kevin decides to employ the new technique? b. Suppose that profit without using the technique this year will be $7.5 million. By how much will Kevin’s and Michelle’s bonus change if Kevin decides to employ the new technique?

Business
1 answer:
kakasveta [241]3 years ago
4 0

Answer:

Explanation:

the picture attached below shows the full explanation for the problem. I hope it helps

You might be interested in
During the fiscal year ended 2016, a company had revenues of $520,000, cost of goods sold of $375,000, and an income tax rate of
7nadin3 [17]

Answer:

the net income is $92,800

Explanation:

The computation of the net income is given below:

Net income is

= Sales - cost of goods sold - tax rate on the remaining balance left

= $520,000 - $375,000 - (($520,000 - $375,000) ×0.36)

= $145,000 - $145,000 × 0.36

= $145,000 - $52,200

= $92,800

Hence, the net income is $92,800

8 0
2 years ago
What Is margin of safety?
skelet666 [1.2K]

Answer:

Margin of safety is a principle of investing in which an investor only purchases securities when their market price is significantly below their intrinsic value. ... Alternatively, in accounting, the margin of safety, or safety margin, refers to the difference between actual sales and break-even sales

5 0
2 years ago
1. Suppose two types of firms wish to borrow in the bond market. Firms of type A are in good financial health and are relatively
Olin [163]

Answer:

Type A is 7%, type b is 11%

Explanation:

We have these two firm's as type a and type b

For type A

Interest would be = risk Free rate of 2% + risk free rate of 5% = 7%

For type B

= Risk free rate of 5% + risk free rate of 6% = 11%

I would use the average of this two 9% as interest but this is not going to work for type A because this interest rate is too high. People won't want to pay this much.

8 0
2 years ago
In 2–3 sentences, describe how you would conduct a search for a single record.
boyakko [2]

There are several ways you can find a record. The easiest way is by using  the find command. You can do this by pressing the combination keys Control + F. You will then see a mini search box in the top right corner of your screen.   Lastly, type in the word, phrase, or record that you want to find.  You will then be directed to several highlighted words, and TADA! :D

Hope this helps  :)

7 0
3 years ago
What form of payment is directly tied to a customer's bank account?
r-ruslan [8.4K]
I’m sure it’s B. Debit Card
6 0
3 years ago
Other questions:
  • Becky purchases one percent of Lakeside Ventures' (LV) preferred shares of stock in a private offering. Outside of the purchase,
    14·1 answer
  • Which of the following would be included in the management function of planning?
    11·1 answer
  • Han Products manufactures 32,000 units of part S-6 each year for use on its production line. At this level of activity, the cost
    7·1 answer
  • A one-year membership to a gym costs $725 total. the registration fee is $125 of the total, and the remaining amount is paid mon
    15·1 answer
  • Which is the best option for someone who wants to improve his or her credit and pay less interest on the debt? $15 a month becau
    5·2 answers
  • Olivia makes a negative statement about her employer on her social media account. Her manager sees it and fires her for violatin
    8·1 answer
  • g How much do you need when you retire to provide a $2,500 monthly check that will last for 25 years? Assume that your savings c
    7·1 answer
  • Which of the following statements is true? Increasing dividends will always increase the stock price. Increasing dividends will
    13·2 answers
  • Disadvantage of multiple chain store?​
    14·1 answer
  • Fixed costs that usually arise from annual spending decisions by management are called?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!