Baldwin will pay (D) $29.63 to its employees per hour.
<h3>
What is a bonus?</h3>
- Employees typically receive a bonus payment in addition to their base compensation as part of their wages or salary.
- While the base compensation is often a predetermined amount per month, incentive payouts may change based on established factors such as annual turnover, the net number of additional customers recruited, or the current value of a public company's shares.
- Thus, bonus payments can work as incentives for managers, engaging their attention and personal interest in what is perceived as beneficial to the economic performance of their companies.
Consider the following calculations to determine how much Baldwin pays its employees:
- Total raise = 5% + 0.25% = 5.25%
- Present wages = $28.15
- Baldwin will pay = $28.15 × (1.0525) = $29.63
Therefore, Baldwin will pay (D) $29.63 to its employees per hour.
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The complete question is given below:
Next year Baldwin plans to include an additional performance bonus of 0.25% in its compensation plan. This incentive will be provided in addition to the annual raise if productivity goals are reached. Assuming the goals are reached, how much will Baldwin pay its employees per hour?
Select: 1
(A) $28.22
(B) $31.04
(C) $28.15
(D) $29.63
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Answer:
$47,385.34
Explanation:
In this question, we use the future value formula which is shown in the spreadsheet.
The NPER represents the time period.
Given that,
Present value = $8,000
Rate of interest = 5%
NPER = 18 years
PMT = $1,000
The formula is shown below:
= -FV(Rate;NPER;PMT;PV;type)
So, after solving this, the answer would be $47,385.34
Answer:
Explanation:
This is a question under Sensitivity analysis <u><em>(which is a technique for forecasting the result of a decision if a condition turns out to be different compared to the key forecasts. It assists in evaluating the risk level of a strategy. It is also used in identifying how reliant the output is on a specific input value.)</em></u> and the diagram explaning the step by step solution can be seen in the attached image below.
Hi there
The formula is
A=p (1+r/k)^kt
A future value?
P present value 1500
R interest rate 0.06
K compounded semiannual 2
T time 5 years
So
A=1,500×(1+0.06÷2)^(2×5)
A=2,015.87
Good luck
