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svp [43]
3 years ago
15

You just started a great part-time job that you want to keep for a while. Under the current contract, your annual salary is $31,

000. Every year you're promised raises of 2.2 percent per year. Calculate your annual salary ten years from today.
Business
1 answer:
Daniel [21]3 years ago
3 0

Answer:

$38,536.3567

Explanation:

Given that,

Annual salary = $31,000

Growth rate = 2.2 percent per year

Time period = 10 years

Salary 10 years from today:

= Current salary × (1 + Growth rate)^{Period}

= $31,000 × (1 + 0.022)^{10}

= $31,000 × 1.24310828

= $38,536.3567

Therefore, the annual salary of this person ten years from today is $38,536.3567.

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Do anybody know how to do the mega mogul project on knowledge matters ? Make over 30 million dollars pls help
ziro4ka [17]

Based on the business management analysis, to do the mega mogul project on knowledge matters requires following specific steps, which begin with "<u>detecting the opportunity."</u>

<h3>What is the Mega Mogul Project?</h3>

Mega Mogul Project is a business project whereby individual starts with one location and continue to grow and expand their entrepreneurial conglomerate to numerous businesses and several locations.

<h3>Some other steps to take when conducting a mega mogul project on knowledge matters are:</h3>
  • Market Research
  • Creating a Business Plan
  • Raising Money & Financials
  • Building a Team
  • Acquiring Resources
  • Going to Market
  • Operations & Feedback
  • Shark Project
  • Business Plan Project
  • Mega-Mogul Project.

Hence, in this case, it is concluded that various steps are involved when carrying out a mega mogul project on knowledge matters.

Learn more about Mega Mogul Project here: brainly.com/question/9961724

5 0
2 years ago
The tax incidence (A) is the manner in which the burden of a tax is shared among participants in a market. (B) can be shifted to
8090 [49]

Answer:

(A) is the manner in which the burden of a tax is shared among participants in a market

Explanation:

Tax incidence refers to the burden of a tax between buyers or sellers or other stakeholders.

When price elasticity of supply is greater than price elasticity of demand, i.e a change in price causes supply to change more than demand, the tax incidence is said to be more burdensome for the buyers and vice versa.

It represents the distribution of tax burden to various sections of a society such as producers, consumers, etc.

For example, if taxes and duties are raised on alcohol or cigarettes, the producers shall transfer such burden on the consumers by covering their margin and raising prices. Thus, in such a case, the tax incidence would be borne by the consumers.

4 0
2 years ago
Kunkel Company makes two products and uses a conventional costing system in which a single plantwide predetermined overhead rate
g100num [7]

Answer:

Part 1

Computation of the unit product costs for the two products

                                                         Mercon              Wurcon

Direct materials cost per unit         $ 10.00               $ 8.00

Direct labor cost per unit                 $ 3.00                $ 3.75

Overheads                                         $5.60                 $7.00

Unit product cost                             $18.60               $18.75

<u>Calculation of overhead rate</u>

M = 0.20 × 10,000   = 2,000

W = 0.25 × 40,000 = 10,000

Total hours                       = 12,000

Rate = $336,000 ÷  12,000

        = $28.00

Part 2

Overhead rate for direct labor-hours

Rate = $168,000 ÷ 12,000

        = $14.00

Overhead rate for engineering design time

Rate = $168,000 ÷ 8,000

        = $21.00

Computation of the unit product costs for the two products

                                                         Mercon              Wurcon

Direct materials cost per unit         $ 10.00               $ 8.00

Direct labor cost per unit                 $ 3.00                $ 3.75

Overheads - labor hrs                       $2.80                 $3.50

Overheads - eng time                       $8.40                  $2.10

Unit product cost                             $24.20               $17.35

6 0
2 years ago
The following information is available for Conger Company for the month of January: expected cash receipts $59,000; expected cas
Otrada [13]

Answer:

Basic cash budget for the month of January

Cash Receipts :

Receipts                               $59,000

Expenditures :

Disbursements                     $67,000

Net Cash                               ($8,000)

Beginning Balance               $12,000

Ending Balance                      $4,000

Loan amount                          $5,000

Explanation:

A Cash Budget gives an estimate of cash receipts and expenditures. It can also tell when and how much additional cash may be required to meet  minimum cash balances.

8 0
2 years ago
If the cost of the beginning work in process inventory is $70,400, costs of goods manufactured is $955,000, direct materials cos
Brut [27]

Answer:

Ending WIP= $9,400

Explanation:

Giving the following information:

beginning work in process inventory is $70,400

Costs of goods manufactured are $955,000

Direct materials cost is $343,000

Direct labor cost is $223,000

Overhead cost is $328,000

<u>To calculate the ending work in process, we need to use the following formula:</u>

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

955,000= 70,400 + 343,000 + 223,000 + 328,000 - Ending WIP

Ending WIP= $9,400

6 0
3 years ago
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