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3 years ago

As a rule of thumb, how often should an entrepreneur reevaluate her compensation package?

Business

2 answers:

nataly862011 [7]3 years ago

8 0

Answer:

Every 12 months is incorrect on the test

Explanation:

so Every 6 months should be the correct answer

shusha [124]3 years ago

7 0

Answer:

12 months

Explanation:

The fiscal or financial period of a business lasts for 12 months or one year. It means that at the end of that 12 months, the business prepares its financial statement to determine its profitability. The business assesses its growth, success, and failure for the period.

After evaluating performance, planning for the next period of 12 months begins. The entrepreneur prepares a budget for the year, including their compensation. Compensation for the entrepreneur should be budgeted and reviewed every year together with the other budget items.

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Consider the case of the Henderson Company.

sashaice [31]

Answer:

I) Days sales outstanding (DSO) for all customers? 48.7days

= (53*0.9)+(10*0.1) = 48.7 days

II) Net sales? $166.600

The Net sales = Gross sales - sales allowance

The discount amount due for the 10% discount customers = 2% of the 10% of 170 mn ==> 0.02 * 0.1 * 170 ===> 0.34 mn

∴ The Net sales = 17 - 0.34 mn = 16.66 mn

Amount paid by discount customers? $13.600

Explanation:

I. General Credit Policy Information

Credit stamps 2/10 Net 30

Days sales outstanding (DSO) for all customers 48.7days

DSO for customers who take the discount (10%) 10days

DSO for customers who forgo the discount (90%) 53days

II. Annual Credit Sales and Costs ($ millions)

Gross sales $170.000

Net sales? $166.600

Amount paid by discount customers $13.600

Amount paid by non discounted customers $153.000

Variable operating costs (82% of gross sales) $139.40

Bad debts $0.0

Credit evaluation & collection costs (10% of gross sales) $17.00

7 0

3 years ago

Read 2 more answers

Sammy salt is an exempt employee and earns $275,000 per year. if sammy was paid on a weekly basis, what would his gross pay be?

egoroff_w [7]

Sammy salt makes $275,000 a year as an exempt employee. if Olivia was paid on a biweekly basis her gross pay would be $5,288.46.

A person's gross pay is their total earnings for a certain time period before any deductions are made. Gross compensation is determined before any deductions, such as those for required taxes and Medicare contributions, employer-provided health insurance, or retirement plans. The difference between the gross pay definition and the net pay definition is that the former excludes an employee's take-home compensation.

Employee's gross pay is their salary before any payroll deductions such as taxes, benefits, and other expenses are made. Net pay, often known as take-home pay, is the amount that is left after all withholdings have been taken into account.

To know more about Gross Pay refer to: brainly.com/question/14690804

#SPJ4

5 0

1 year ago

Which one of these statements is correct? Long-term debt is the residual difference between assets and liabilities. Net income t

sergey [27]

Answer:

Long term debt requires a payout of cash within a stated time period.

Explanation:

When entering into a long term debt, there are terms and conditions like interest to be charged and payment terms so obviously there is an expected cash payout to repay the debt at a stated time period.

3 0

3 years ago

Read 2 more answers

The automobile will not remain the primary source of transportation true or false

Ivenika [448]

I think the correct answer would be false. The automobile will remain the primary source of transportation. As we can see today, almost all of the people use automobile to go to different places. As we see in the road, different vehicles are present. Also, the automobile industry, recently, is a booming industry. We have different models, colors, brands and specifications of the vehicles. I think the use of automobiles as the primary source of transportation would still go for many years as it is the most convenient and comfortable transportation as compared to others like bicycle, train and motorcycle.

8 0

3 years ago

Be5-4, Prepare the journal entries to record the following transactions on Novy Company’s books using a perpetual inventory syst

Leto [7]

Answer:

a: March 2

Dr Accounts Receivable 900,000

Cr Sales Revenue 900,000

March 2

Dr Cost of Good Sold 590,000

Cr Inventory 590,000

b. March 6

Dr Sales Returns and Allowances 90,000

Cr Accounts Receivable 90,000

March 6

Dr Inventory 62,000

Cr Cost of Goods Sold 62,000

c. March 12

Dr Cash 793,800

Dr Sales Discount 16,200

Cr Accounts Receivable 810,000

Explanation:

Preparation of Journal entries using a perpetual inventory system

a. March 2

Dr Accounts Receivable 900,000

Cr Sales Revenue 900,000

(To record sale of merchandise)

March 2

Dr Cost of Good Sold 590,000

Cr Inventory 590,000

b. March 6

Dr Sales Returns and Allowances 90,000

Cr Accounts Receivable 90,000

(To record sale of merchandise)

March 6

Dr Inventory 62,000

Cr Cost of Goods Sold 62,000

c. March 12

Dr Cash 793,800

(98%*810,000)

Dr Sales Discount 16,200

(2%*810,000)

Cr Accounts Receivable 810,000

(900,000-90,000)

8 0

3 years ago