Answer:
14.31 years
Explanation:
In this question, we use the NPER formula that is shown on the attachment. Kindly find the attachment below:
Data provided in the question
Present value = $9,000
Future value = $14,800
PMT = $0
Rate of interest = 0.29% per month
The formula is shown below:
= NPER(Rate;PMT;-PV;FV;type)
The present value come in negative
So, after solving this, the NPER per month is 171.77
In years, it would be
= 171.77 ÷ 12 months
= 14.31 years
Due to changes in production, Hanson steel gave each employee 75 percent of the cost savings. Hanson steel uses a <u>gainsharing </u>compensation plan.
A compensation plan refers to the practices, methods, and intentional approach that's used by an organization in maintaining financial interests and developing, retaining, attracting, and rewarding employees in an industry.
It should be noted that the gainsharing compensation plan refers to a compensation plan that is used to increase profitability as employees share in the company's gain. Since the workers share 75% of the cost savings, this is a gain-sharing compensation plan.
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Answer:
the total salon services and products sold
Explanation:
Productivity can be regarded as ratio of output volume to that of the volume of inputs. It give the measurements of
production inputs efficiency, these input could be labour, capital. Productivity helps to know how these inputs are been used in production of given level of output in economy.
Market Research
Explanation:
In a global business, <u>The firm often goes into uncharted territories for themselves and takes heavy risks in places unknown to them.</u> In such a situation market research done right is the best thing a firm can hope for apart from all other things.
A market not suitable for their products will simply not be beneficial no matter how everything else works out.
For example,<u> McDonald's setting up operations in India made its menu suit the Indian taste pallet and was able to carve out a market share</u> while other food chains were not as quick to do it.