Answer:
Total salary expense in week 1 = $440 x 150 = $66,000
Total deductions due to taxes = $121.66 x 150 = $18,249
Actual direct deposit of payroll in week is $66,000 minus $18,249 = $47,751
Explanation:
Number of employees = 150
Hourly wage = $11
Weekly hours worked = 40 hours
Weekly wage = 40 x 11 = $440 per employee
Taxes deduction:
Federal - 15% of gross earnings = $66
State - 5% of gross earnings = $22
FICA - 7.65% of first #128,400 = $33.66
Total deductions = $121.66
Net Earnings = $318.34
Due to the first rule of labor markets, a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal productivity to the firm. Therefore, the option A holds true.
<h3>What is the significance of profit maximization?</h3>
A process of following and adapting such methods that derive maximum revenue to the firm is known as profit maximization. It should be the primary goal of any firm in the market.
The first rule of labor markets says that when a firm strives for profit maximization, it does not pay the worker or the labor, more than the marginal productivity that the worker bring to the firm.
Therefore, the option A holds true regarding profit maximization.
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The question seems to be missing. The complete question has been added for better reference.
Due to the ________ a firm strives to maximize its profits and will therefore never pay more for a worker than the value of his/her marginal productivity to the firm.
a. first rule of labor markets
b. demand product value
c. third rule of labor markets
Answer:
$29,400
Explanation:
The company will distribute dividends only to outstanding shares, since the number of outstanding shares is not specified, we should assume that all the 49,000 shares issued are outstanding shares. The company declared a 2% dividend, so we must multiply the current value of the stock times 2% = $30 x 2% = $0.60 per share.
The total amount distributed was 49,000 outstanding shares x $0.60 per share = $29,400
The relationship between planned investment and interest rates is that investment spending is inversely related to interest rates.
<h3>How are investment spending and interest rates related?</h3>
Investment spending depends on being able to take loans from financial institutions to sponsor capital projects.
If interests rate are high, there will be less planned investments because the cost of taking a loan will be high. The relationship is there inverse in nature.
Find out more on interest rates at brainly.com/question/26540958.
Answer:
Option A is the cheapest.
Explanation:
Giving the following information:
The engineering department estimates costs of $450,000 for the first year. It is estimated that if process and plant alterations are made, the waste treatment cost will decline $43,000 each year. As an alternative, a specialized firm, Hydro-Clean, has offered a contract to process the waste liquids for 15 years for $225,000 per year.
We need to use the following formula and chose the smallest net present value:
NPV= Io +∑ [Cf/(1+i)^n]
Option A:
Io= 407,000
Year cost= 43,000
NPV= 734,061
Option B:
Yearly cost= 225,000
NPV= 1,936,368