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scoundrel [369]
3 years ago
15

Lai Xiaodong, a 22-year-old college-educated man, accepted a job at Foxconn Technology (where the iPad was being produced for Ap

ple) in Chengdu, China, for $22 a day at 12 hours a day, 6 days a week. What were Lai’s hourly, weekly, and annual gross pay?
Business
1 answer:
Rudik [331]3 years ago
4 0

Answer:

$1.83 per hour

$132 per week

$6,864 per year

Explanation:

Hourly Pay rate is the rate of pay someone receives measured on hourly basis.

Hourly rate = Daily rate / number of hours = $22 / 12 hours = $1.83 per hour

Weekly Pay rate is the rate of pay someone receives measured on Weekly basis.

Weekly rate = Daily rate x Number of working days in a week = $22 x 6 = $132 per week

Annual Pay rate is the rate of pay someone receives measured on Annual basis.

Annual rate = Daily rate x days in the week x week in the year = $22 x 6 days x 52 weeks = $6,864

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Gwen is a psychologist who maintains an office in a professional suite. She often spends time doing paperwork and scheduling in
Aleks04 [339]

Answer:

A-she can deduct her mileage for driving from her home to her office at the professional suite

B-she can deduct her home office expenses

Explanation:

As a general rule of thumb, every expenses that incurred for business operation can be deducted from your taxes.  This rule can still applicable even if you're working from your home.

A car mileage <u>can only be deducted according to the proportion that is used for work</u><u> </u> since it's considered as an expense that must incurred in order for Gwen to do her business.

Lunch money is considered as private consumption that does not related to her business operation.  This is why it's not tax deducible.

7 0
3 years ago
Explain how and why governments may want to regulate the price setting of a natural monopoly.
Lilit [14]
The government wants to protect the consumer's interest, that is why they are regulating the monopoly. Monopolies have the power to set higher prices than the competitive market. They regulate monopolies to prevent excess prices, quality of service( to ensure the firm receives minimum standard of service), monopoly power,promote competition, and natural monopolies( we cannot encourage competition, and it is essential to regulate firm to prevent monopoly of power). <span />
8 0
3 years ago
A nation reaches its steady state equilibrium when
lana66690 [7]
Consumption is maximized
4 0
3 years ago
Assume that you and your best friend each have $1,000 to invest. You invest your money in a fund that pays 10% per year compound
marishachu [46]

Answer:

correct answer is c. You both have the same amount of money

Explanation:

given data

invest = $1000

pay compound interest = 10%

pay simple interest = 10%

time = 1 year

solution

we get here difference in the total amount that is your friend money -  your money  .................1

so difference in the total amount = invest × (1+rate)^{time} - [ invest + ( invest  × rate × time) ] ......................2

put here value

difference in the total amount = $1000 × (1+0.10)^{1} - [$1000 +  ( 1000  × 10% × 1) ]

difference in the total amount = 0

so correct answer is c. You both have the same amount of money

7 0
3 years ago
Elc inc. is an electronic appliances manufacturer that has many strategic business units (sbus), among which, television and com
Sedbober [7]

Answer:

The answer is multi-divisional structure.

Explanation:

A company employing multi-divisional structure would usually function as a parent company that has many business units under it operating different business sectors. This is clearly the case of Elc Inc., since it both manufactures televisions and computers. The fact that both businesses share the same budget shows that the two business units are still operating in the same company.

4 0
3 years ago
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