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adoni [48]
3 years ago
14

In the old Merck compensation system, if the salary line formula is: control point = $1544 + $4.72*Hay point. How much will a mi

d-level manager (Hay point =600, compa-ratio = 120%) get paid? Keep one decimal.
Business
1 answer:
Alekssandra [29.7K]3 years ago
6 0

Answer:

<u>A mid-level manager will get $5251.2 salary.</u>

Explanation:

Control Point = 1544 + 4.72 x Hay Point

=1544 + 4.72 x 600

= $ 4376 which is the mid-point of salary range in the market.

120% compa ratio means the actual salary given out is (120/100) times the market mid-point

Hence,

Actual Salary = ( 120 / 100 ) x 4376

= $ 5251.2

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Find the after-tax return to a corporation that buys a share of preferred stock at $50, sells it at year-end at $50, and receive
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