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3 years ago

13

Steve receives a $1.50 raise from $8.25 and also insurance benefits. If he works 43 hours in week one and 30 hours in week two,

and his total
deductions arer $375.00, what is his GROSS PAY and NET PAY?

1 answer:

Roman55 [17]3 years ago

4 0

Answer:

GROSS PAY: $711.75

NET PAY:$336.75

Explanation:

Total hourly pay $9.75 x hours worked (73) = gross pay

Gross pay - deductions = netpay

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Calculating the geometric and arithmetic average rate of return) Marsh Inc. had the following end-of-year stock prices over th

KatRina [158]

Complete Question:

Marsh Inc. had the following end-of-year stock prices over the last five years and paid no cash dividends:

Time Marsh

1 $99

2 141

3 121

4 88

5 99

a. Calculate the annual rate of return for each year from the above information.

b. What is the arithmetic average rate of return earned by investing in Marsh's stock over this period?

c. What is the geometric average rate of return earned by investing in Marsh's stock over this period?

d. Considering the beginning and ending stock prices for the five-year period are the same, which type of average rate of return (the arithmetic or geometric) better describes the average annual rate of return earned over theperiod?

Answer:

Marsh Inc.

a. annual rate of return for each year

Year

2 42. 4%

3 -14.2%

4 -27.3

5 12.5

b. The arithmetic average rate of return earned by investing in Marsh's stock over this period is:

= 3.35%

c. The geometric average rate of return earned by investing in Marsh's stock over this period is:

= -0.7502%

d. Considering the beginning and ending stock prices for the five-year period are the same, the geometric type of average rate of return better describes the average annual rate of return earned over the period.

Explanation:

a) Data and Calculations:

Time Marsh ARR

1 $99

2 141 42. 4% ($42/$99 * 100)

3 121 -14.2% (-$20/$141 * 100)

4 88 -27.3 (-$33/$121 * 100)

5 99 12.5 ($11/$88 * 100)

Sum of ARR = 13.4%

Arithmetic mean = 3.35% (13.4%/4)

Geometric mean = {(1 + 0.424 * 1 - 0.142 * 1 - 0.273 * 1 + 0.125)∧1/4} - 1

= {(1.424 * 0.858 * 0.727 * 1.125)∧1/4} - 1

= {(0.99927)∧1/4} - 1

= 0.2498 - 1

= -0.7502

< 0

3 0

3 years ago

Your coworker makes a comment about a blouse you are wearing. The comment makes you very uncomfortable. This is an example of:

dimulka [17.4K]

B. harassment. you cowork has no business commenting on your clothes

6 0

3 years ago

Loan x has a principal of $10,000x and a yearly simple interest rate of 4%. Loan y has a principal of $10,000y and a yearly simp

Ganezh [65]

Answer:

X = 32

Y = 96

Explanation:

Z = 5%

Z = (0.04X + 0.08Y) / (X + Y)

we can substitute Z:

0.05 = (0.04X + 0.08Y) / (X + Y)

0.05 (X + Y) = 0.04X + 0.08Y

0.05X + 0.05Y = 0.04X + 0.08Y

0.01X = 0.03Y

X = 0.03Y / 0.01 = 3Y

This means that we must choose one value for Y that divided by 3 equals another option:

the only possibility that fits the equation is:

X = 32
Y = 96

4 0

4 years ago

on january 1, 2021, adams-meneke corporation granted 15 million incentive stock options to division managers, each permitting ho

Bingel [31]

Compensation expense for the stock option plan in 2021, 2022, 2023 are $210 millions, $96 million, $108 million.

Options granted 120 Millions

Multiply: Estimated fair value per option is $ 3

Total Compensation Expense is $ 360 Millions

Divided by: No. of years in vesting period (2021,2022 & 2023) 3 Years

Compensation expense for the stock option plan in 2021. is $ 120 Millions

<u>Amounts are expressed in millions $.</u>

<u>Date </u> <u>General journal </u> <u>debit</u> <u>Credit </u>

31st Dec, 2021 Compensation expense $ 120

Paid in capital – stock options $ 120

Percentage of option forfeited (100%-10%) = 90%

Cumulative Compensation expense Up to Year 2022 (360*90%*2/3) = $ 216

Less: recognized in earlier year is $ 120

Compensation expense For Year 2022 is $ 96

Cumulative Compensation expense Up to Year 2023 (360*90%*3/3)

= $ 324

Less: recognized in earlier year is $ 216

Compensation expense For Year 2023 is $ 108

<u>Amounts are expressed in millions $.</u>

<u> Date </u> <u>General journal </u> <u>debit </u> <u>Credit </u>

31st Dec, 2023 Compensation expense $ 96

Paid in capital – stock options $ 96

31st Dec, 2023 Compensation expense $ 108

Paid in capital – stock options $ 108

Learn more about Compensation Expense, here

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3 0

2 years ago

Which statement below best captures the overall point and focus of the New York Times article, Document 3?

Artemon [7]

Answer:

Correct Answer:

C) The news story marks the historical event of the first black man being called up to play in the major leagues and expresses some concern over how Robinson will be treated by his major league peers.

Explanation:

<em>Option C ıs the best statement which captures the overall point and focus of the given New York Times article, Document 3.</em>

6 0

3 years ago