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
kkurt [141]
3 years ago
15

You have been offered a job with an unusual bonus structure. as long as you stay with the firm

Business
1 answer:
Masteriza [31]3 years ago
7 0

Answer:

This question is incomplete however as per our research the question should be

<em>You have been offered a job with an unusual bonus structure. As long as you stay with the firm, you will get an extra $70,000 every seven years, starting seven years from now. </em>

<em> What is the present value of this incentive if you plan to work for the company for 42 years and the interest rate is 6.0%(EAR)? </em>

<em>The </em><em>detail answer</em><em> with calculation is given below.</em>

Explanation:

Present value is the discounted value of the future value. Time Value of money theory states that the value of the money increases as time passes. This current value is known as the present value.

The present value of this incentive if you plan to work for the company for 42 years is 126,964.34  $. (W-1)

(W-1)

Year- time Discount Factor* Net present value Calculation **

   7                           0.6651                        46,554.00  

  14                           0.4423                        30,961.07  

  21                           0.2942                        20,590.88  

  28                   0.1956                         13,694.11  

  35                           0.1301                         9,107.37  

  42                          0.0865                         6,056.92  

                                                      126,964.34  

*DF=(1+i)^t

**PV= DF*70000

where i=6% i.e interest rate

You might be interested in
(TCO IF) You have agreed to deliver the underlying commodity on a futures contract in 90 days. Today, the underlying commodity p
Crank

Answer:

The answer is You must have a long position in a futures contract.

Explanation:

A futures contract is an agreement to buy or sell an asset at a future date at an agreed-upon price. They are also often used to hedge the price movement of the underlying asset to help prevent losses from unfavorable price change.

Forward contracts are traded over-the-counter and have customizable terms that are arrived at between the counterparties. It is similar to futures contract in the sense that lock in a future price in the present.

However, in this case, Futures contracts apply because it is standardized thereby making each participant have the same terms regardless of who is the counterparty.

5 0
3 years ago
The following items could appear on a bank reconciliation:
julia-pushkina [17]

Answer:

Explanation:

1) Outstanding checks : a subtraction from the bank balance

2) Deposits in transit : an addition to the bank balance

3) NSF (Not Sufficient funds) checks : a subtraction from the book balance

4) Bank collection of our note receivable : an addition to the book balance

5) Interest earned on bank  balance : an addition to the book balance

6) Service charge : a subtraction from the book balance

7) Book error :  a subtraction from the book balance

8) Bank error : an addition to the bank balance

5 0
3 years ago
$17,200 is invested, part at 6% and the rest at 2%. If the interest earned from the amount invested at 6% exceeds the interest e
dezoksy [38]

Solution:

Let x = amount invested at 6% and

let y = amount invested at 2%.

We can set up some equations that describe x and y:

 

"$17,200 is invested total" means

x + y = $17,200

 "The interest earned from the amount invested at 6% exceeds the interest earned from the amount invested at 2% by $441.00" means

0.06x = 0.02y + $441.00

 

Solve for x in the first equation to get x = 17,200 - y, then plug that into the second equation and solve for y:

 

0.05(17,200 - y) = 0.02y + 441.00

860 - 0.06y = 0.02y + 865.35

5.35 - 0.09y = 0.02y

154.80 = 0.11 y

1407 = y

 

So, $1407 was invested at 2%. Plug y = 1407 into the first equation and solve for x:

 

x + 1407 = 17,200

x = 15,793

 

So, $15,793 was invested at 6%.

4 0
3 years ago
What is the main advantage of an electronic database
SOVA2 [1]
Advantages<span> of EDP. </span>Electronic<span> Data Processing (EDP) is the digital management of </span>databases<span>, typically stored on a shared server and allow simultaneous access to all parties. There are several distinct </span>advantages<span> to employing EDP: Speed</span>
6 0
4 years ago
Herzberg's motivational factors and Maslow's esteem and self-actualization needs are similar. Explain how organizations can meet
Taya2010 [7]

Answer:

Organizations can meet the human needs identified by Maslow by studying and implementing the motivational factors specified by Herzberg.

The similarity of Herzberg's motivational factors and Maslow's esteem and self-actualization needs is addressed by the following questions: "What do people really want from their work?"  "How do organizations go about meeting these needs or ensuring that the needs are met?"

The answer is in the awareness of what workers want from the work they carry out for organizations.  As Maslow stated, people generally have five human needs: physiological needs, safety needs, social belonging, self-esteem, and self-actualization (later described as  transcendence).   It is only when the basic needs (physiological needs, safety needs, and social belonging and love needs) are satisfied  in that order, that workers would seek self-esteem and self-actualization or transcendence.  It is also at this level of seeking self-esteem and self-actualization that organizations would derive the greatest benefits from their workers.  It then behoves organizations to ensure that the basic needs are not denied, but to push forward to help their workers attain self-esteem and self-actualization.

Herzberg's motivational factors show that it is the responsibility of organizations to ensure that their workers achieve a sense of achievement in the work they do.  They should also be recognized for doing good jobs.  The nature of the work should be such that it does not demean the worker.  There should be dignity of labor.  Workers achieve more when they are made responsible for the outcome of their work.   Being assigned responsibilities help them to advance and and grow.  Organizations also need to manage well the extrinsic job elements that Herzberg identified as "hygiene factors," which concentrate on the work environment.

Explanation:

a) Frederick Herzberg identified certain job factors that bring about employee job satisfaction whereas others can create job dissatisfaction. According to Herzberg, "motivating factors (also called satisfiers) are primarily intrinsic job elements that lead to satisfaction, such as achievement, recognition, the (nature of) work itself, responsibility, advancement, and growth."  The dissatisfiers, on the other hand, he called "hygiene factors."   They are "extrinsic elements of the work environment such as company policy, relationships with supervisors, working conditions, relationships with peers and subordinates, salary and benefits, and job security, which can result in job dissatisfaction if not well managed."  An interesting result of Herzberg’s studies was that "the opposite of satisfaction is not dissatisfaction."  Herzberg's studies established that proper management of hygiene factors could prevent employee dissatisfaction, but that these factors could not serve as a source of satisfaction or motivation.  The summary is that motivational factors are quite distinct from hygiene factors.

b) Maslow identified the following hierarchy of human needs: physiological needs, safety needs, social belonging, self-esteem, and self-actualization (later described as  transcendence).  The hierarchy of needs, according to Maslow, show how humans essentially partake in behavioral motivation.   The summary of Maslow's hierarchy of human needs is that "people are motivated to fulfill basic needs before moving on to other, more advanced needs."

8 0
3 years ago
Other questions:
  • Sway's Market is considering a project that will require the purchase of $1.4 million in new equipment. The equipment will be de
    8·1 answer
  • Ron operates a garbage pickup business. he contracts to pick up garbage from an apartment complex for the next 52 weeks at a pri
    12·2 answers
  • Consider the $50,000 excess cash.Assume that Gary invests the funds in a one year CD
    15·1 answer
  • What does it mean to be signed to a label?
    11·1 answer
  • What does "embedding a video" mean?
    8·2 answers
  • Sales for January are budgeted at 50,000 units, and the company expects sales to increase 4% each month. How many units will nee
    7·1 answer
  • On January 1, Butte Company's Valuation Allowance for Trading Investments account has a debit balance of $23,200. On December 31
    15·1 answer
  • What are the entrepreneurial qualities of a good entrepreneur​
    14·1 answer
  • An employer hiring in a competitve labor market should hire additional labor as lnog as?
    15·1 answer
  • To calculate cost of goods sold during the year, take total cost of goods manufactured and:_________
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!