Answer:
true
Explanation:
Compensation can be direct or indirect
Some of the components of compensation includes :
- Base pay
- commissions
- stock options
- Bonuses
- health insurance
Direct compensation are usually offered to individuals
Base pay is usually offered to the individual based on certain parameters .
Same with commissions
But there are some compensations that are offered to groups. For example if members of a department achieve a certain benchmark, they can be rewarded with stock options
Also, indirect compensations such as health insurance and pension are usually compensation offered at the organisational level or group level
Answer:
B $3000/year
Explanation:
The minimum amount of salary that Danny should contribute to his 401(k) plan each year = 6% of his annual salary = 6/100 × $50000 = $3000/year
Answer:
The magic of compound interest happens in a way that the more you put in, the faster your money grows.
Explanation:
The magic of compound interest happens in a way that the more you put in, the faster your money grows. The interest you earn on the amount you save also earns interest and this snowballing effect makes you accumulate your savings even faster. For example, if you deposit $100 in a savings account that pays 5% interest per year. At the end of the year, you account will have (5%*100= 5) plus the $100 you deposited, coming to a total of $105. At the end of the second year, your $5 interest earned in year 1 will earn another 5% interest and so will the $100 you initially deposited.
Answer:
$48.40
Explanation:
Yield = 6%
Rate = Yield/2 = 6%/2 = 3%
YTM = 9
Nper = YTM*2 = 9*2 = 18
Face value = $1,000
Price(PV) = $920
Monthly payment = PMT(0.03, 18, -920, 1000)
Monthly payment = $24.1833
Coupon rate = (PMT/Face value) * 2
Coupon rate = (24.1833/1000) * 2
Coupon rate = 0.0241833 * 2
Coupon rate = 0.0483666
Coupon rate = 4.84%
Annual coupon payment = Face value * Coupon rate
Annual coupon payment = $1000 * 4.84%
Annual coupon payment = $48.40
Answer:
The new ownership position is A. 5.08
Explanation:
Current holding= 6%
current no. of shares= 2*6%=.12
new no. of shares issued =18/50=.36
total no. of shares become =2+.36=2.36 million
my holding in no. =.12 million
my holdinng in %=.12/2.36=.0508
or, 5.08%
