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Pepsi [2]
3 years ago
9

You have checked model income statements and estimate your payroll expense will be 28% of revenue. You expect sales to be $312,1

12 per year. What should you budget MONTHLY for payroll?
a) $7,283

b) $8,480

c) $9,347

d) $12,960
Business
1 answer:
34kurt3 years ago
6 0

Answer: a) $7,283

Explanation:

You expect payroll expense to be 28% of annual revenue which is $312,112 per year.

Annual payroll = 28% * 312,112

= $‭87,391.36‬ per year

The monthly figure will therefore be:

= ‭87,391.36‬/12 months

= $7,282.61

= $7,283

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Leading Indicator is a variable that predicts what will happen with the sales of another product is referred to as that product's.

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A piece of data or a group of facts related to the economy that may predict future movement or change in the economy is known as a leading indicator. Future events and trends in business, markets, and the economy can be predicted and projected with the use of economic leading indicators. An example of a leading safety indicator would be the proportion of workers wearing hard helmets on construction sites. A leading indication is a predicted measurement. A lagging safety indicator might be the number of accidents on a construction site, which is an output measurement. Items like newly generated accounts, leads or opportunities, and won opportunities are examples of leading indicators. Won opportunities, lost opportunities, won amounts, and lost amounts are examples of lagging indicators.

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7 0
1 year ago
Give two reasons why value of norminal GDP would increase ​
lisov135 [29]

1. Positive economic growth means that the value of all goods and services produced in the economy increase by an unknown amount

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3 years ago
Education or experience: which is holds more value? As a health care manager, you will often be faced with this decision when ev
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Explanation:

Ideally, a candidate should have the necessary education and experience for the position he / she wants to occupy in a company together, so the selection processes are composed of several candidate profiles, some with a lot of experience but little education, and others who have recently graduated looking for the first job opportunity.

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The recruitment and selection process was impacted by technological changes, which made it possible for the recruiter to choose the appropriate candidate taking into account other characteristics and making a deeper analysis of the candidate's personality and actions, in addition to just observing the most common variables , such as training and experience. As an example, we can mention that the use of social media to enter and contact and track potential job candidates is a different strategy in screening those candidates most compatible with a vacancy.

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Assume the real rate of return is 3.37% and the inflation rate is 1.47%. Find the nominal rate of return using the exact formula
Citrus2011 [14]

Answer:

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Explanation:

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The nominal rate of return is computed as shown below:

= [ (1 + real rate of return) x (1 + inflation rate) ] - 1

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= (1.0337 * 1.0147) - 1

= 1.04889539 - 1

= 0.04889539

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7 0
4 years ago
Calculate the finance charge and new balance using the three methods presented. the account balance on september 1st is $149.99.
Natali5045456 [20]

Answer:

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Explanation:

The formulas for computing each of the amounts above are found in the excel file attached. Kindly note the formulas for subsequent assignments.

Download xlsx
5 0
3 years ago
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