answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Darina [25.2K]
2 years ago
6

If a firm manager has a base salary of $100,000 and also receives 5 percent of all profits, what percentage of his/her final inc

ome will be from a profit-sharing plan when profit equals $1,500,000
Business
1 answer:
Crazy boy [7]2 years ago
5 0

Answer:

The correct answer is 42.86%.

Explanation:

According to the scenario, the given data are as follows:

Base salary = $100,000

Extra earnings = 5% of all profit

Total Profit = $1,500,000

So, first we calculate the total earning received by the manager.

So, Total Earning = Base Salary + 5% of $1,500,000

= $100,000 + $75,000

= $175,000

Now, we can calculate the percentage of his/her final income from a profit-sharing plan by using following formula:

Percentage of final income = (Share in profit ÷ Total earning) × 100

= ($75,000 ÷$175,000) × 100

= 42.86%

You might be interested in
Bravo Company had a beginning Accounts Receivable account balance of $380. During the period Bravo' sold goods on account for $1
lubasha [3.4K]

Answer:

During the period was collected $1.150

Explanation:

To calculate the total amount collected must be considered the initial balance of the Accounts Receivable then add the goods sold on account and finally must be deducted the final balance of the Accounts Receivable, that difference is the total amount collected in the period by the company.

Please see details bellow:

$380  Initial account balance

$1400 goods sold

($1.150) Collected Amount

$630 ending balance

6 0
2 years ago
The actual cash received during the week ended October 31 for cash sales was $23,447 and the amount indicated by the cash regist
Rufina [12.5K]

Explanation:

Data given in the question

Actual cash received = $23,447

But the amount indicated on the cash register is $23,457

So, by considering the above information, the journal entry is as follows

Cash $23,447

Cash short and over $10

         To Sales $23,457

(Being the cash receipts and the cash sales is recorded)

6 0
2 years ago
A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of pya, where a 5 pd2y4. if the load is kno
raketka [301]

Here is the correct question.

A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of P/A, where A= πd²/4. if the load is known with an uncertainty of ±10 percent, the diameter is known within ±5 percent (tolerances), and the stress that causes failure (strength) is known within ±15 percent, determine the minimum design factor that will guarantee that the part will not fail.

Answer:

the minimum design factor that will guarantee that the part will not fail. = 1.434

Explanation:

Looking at the uncertainty; loss of strength must be raised to \dfrac{1}{0.85} due to the stress that causes the failure (strength)  is known within ±15% uncertainty.

Looking at the uncertainty; the maximum allowable load  must be reduced to \dfrac{1}{1.1} because the load is known with an uncertainty of ±10.

Looking at the uncertainty; the diameter must be raised to \dfrac{1}{0.95}  because the diameter is known within an uncertainty of ±5.

The decrease in the maximum allowable stress can be estimated as:

\sigma' = \dfrac{P'}{A'}

where,

\sigma = stress

P = load

A = cross-sectional area of the cylinder

∴

\sigma' = \dfrac{P'}{\dfrac{\pi}{4}(d')^2}

replacing P' with \dfrac{1}{1.1}P   and d' with \dfrac{1}{0.95}d, we have:

\sigma' = \dfrac{(\dfrac{1}{1.1})\times p }{\dfrac{\pi}{4}(\dfrac{1}{0.95 } d)^2 }

\sigma' =\dfrac{P}{\dfrac{\pi}{4}d^2} (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }

\sigma' =\sigma \times (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }

\sigma' =\sigma \times 0.82045

\dfrac{\sigma' }{\sigma } =0.82045

Thus, the uncertainty in diameter and the load of the allowable stress needs to decrease to 0.82045

Now, the minimum design factor that will ascertain that the part will not fail can be computed as:

n_d = \dfrac{loss  \ of  \ function \  parameter }{maximum \  allowable \ parameter}

where;

the design factor = n_d

n_d =\dfrac{\dfrac{1}{0.85} }{0.82045}

the design factor  n_d = 1.434.

Thus,  the minimum design factor that will guarantee that the part will not fail. = 1.434

7 0
2 years ago
You are managing a project to build an urgent care clinic. Your company is expanding and has constructed 25 clinics so far. Whic
Dmitry_Shevchenko [17]

Answer:

Delphi technique

Explanation:

The Delphi model is a technique of group communication in which a panel of experts reach consensus on a set of questions and discussions. This is used to predict or to forecast. First, choose an effective facilitator and experts with relevant expertise, and ensure that the issue is well established after that they reach with a decision

Therefore in the given case, the delphi technique is used

6 0
2 years ago
Fedex developed a 12-item statistical service quality indicator to measure customer satisfaction and service quality. the index
nikitadnepr [17]

Answer:

The correct option is B: Gap 2

Explanation:

The gaps model of service quality, which is also referred to as the 5 gaps model is a vital framework used by organization to ensure customer satisfaction. The Gap 2 model is normally between the perception of the management and what the actual experience of the customer is. In the Gap 2, managers always ensure that organization are delivering and defining the level of quality service they need. From the question Fedex is dealing with actual customer-defined performance standards and this indicates that they are a closing provider of the gap 2 of the gaps model of service quality.

8 0
2 years ago
Other questions:
  • Robert was a tradesman travelling through New York in 1795. Which hotel would he have stayed in?
    15·1 answer
  • When doing business in _____, it is important to understand that potential customers want to develop a personal relationship bef
    15·1 answer
  • Azure Company uses the multiplier method to estimate hidden quality costs. The multiplier is determined to be 3, based on experi
    9·1 answer
  • Fazel Company makes and sells paper products. In the coming year, Fazel expects total sales of $19,730,000. There is a 3% commis
    13·1 answer
  • Benson Company manufactures special metallic materials for luxury homes that require highly skilled labor. Benson uses standard
    7·1 answer
  • Wayman Corporation reports the following amounts in its December 31, 2021, income statement.
    11·1 answer
  • Taunton's is an all-equity firm that has 152,500 shares of stock outstanding. The CFO is considering borrowing $251,000 at 7 per
    13·1 answer
  • You are a pricing analyst for QuantCrunch Corporation, a company that recently spent $15,000 to develop a statistical software p
    11·1 answer
  • You are exploring a career in nursing in the state of MA. The average hourly wage for a RN is $33.37. You are planning to work 4
    13·1 answer
  • Jamari conducts a business with the following results in 2020: Revenue $20,000 Depreciation on car 3,960 Operating expenses of c
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!