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igor_vitrenko [27]
2 years ago
4

David earns $8.59 an hour. His benefits package is equal to 18 percent of his hourly wages. When you include the value of his be

nefits, how much does David earn per hour?
Business
2 answers:
antoniya [11.8K]2 years ago
5 0
David earns $8.59 an hour plus 18% of his hourly rate as his packaged benefit. If we include the value of 18% packaged benefit to his hourly rate, the total amount will be $10.14 ($8.59 multiplied with 118%).
Gekata [30.6K]2 years ago
5 0

Answer:

The answer is $10.1362

Explanation:

David earns $8.59 per hour which is stated as follows:

David earnings per hour = $8.59

He earns a benefit of 18% of hourly wage rate, which is stated as follows:

Benefits per hour = 18% of $8.59

Now 18% of 8.59 will be equal to $1.5462

This is the amount or the benefit on per hour basis.

Now adding both hourly wage and the hourly benefits

$8.59 + $1.5462 = $10.1362

So this is the total amount David earns during an hour which include the hourly earnings plus the benefits per hour.  

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Answer:

Explanation:

The problem is that BoP automakers are being kept side by institution-based barriers in China. automakers that are in foriegn countries never worry about preferential treatment of the BoP automakers. The Lessons learnt from indigenous reverse innovation are use of all available resources , use of minimal energy such as fuels Have the indigenous cars for the rural areas continuous recycling of the old vehicles .

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2 years ago
PROJECT FOCUS: One day, a sophisticated business man walks into the cafe and asks to speak to the owner. He introduces himself a
Jet001 [13]

Answer:

Explanation:

Solution

At first, we will determine that whether we have communicated to our customers in a past that we will keep their information confidential and never be sold to any other person or business for any future marketing. If we have made such communication, then we should take information confidential and do not give to others.Similarly, if there is no confidentiality communication made in a past, then we can put an offer towards Brawner. We offer him that instead of providing phone numbers and email to him, pay tome, we will email and call the customers and let them know about Brawner and local record store. So in case any customers want something, they will contact directly to you (Brawner) or his shop.

8 0
2 years ago
Tom and cindy lewis are buying a house with a $300,000 sales price and their ltv will be 80%. assume that they paid no originati
dlinn [17]

Answer: Tom and Cindy paid 1.5 discount points.

House Value = $300,000.

Loan-to-Value Ratio (LTV) = 80%

Since LTV is 80%, the total loan (mortgage) value is :

Mortgage Value = House Value * LTV

Mortgage Value = $240,000 (300,000*0.80)

In the real estate context, a point refers to one percent (1%) of the mortgage amount. There is no rule that these points should be in whole numbers.

We can find the number of points paid as follows:

No. of points paid = (Value of points in dollars /Value of mortgage) *100

No. of points paid = (\frac{3600}{240000} )* 100 [/tex][tex] No. of points paid = 1.5 points.

There are two types of points:

  1. Discount Points: are actually pre-paid interest on the mortgage loan, and help in lowering the interest rate on the mortgage.
  2. Origination points : help in covering the costs incurred by the lender in processing the loan.
7 0
2 years ago
In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information:
CaHeK987 [17]

Answer:

(D) $4,055

Explanation:

To find the adjusted book balance, we need the ending balance of the cash book:

Book balance                                  $4,725

Less: bank service charges                 (25)

Less: EFT                                             (380)

Less: NSF check returned by bank   (265)

<em>Adjusted book balance</em>                  <u>$4,055</u>

Since bank service had been deducted from the bank, Maxis clothing had to deduct the same amount. When bank deducts any money, generally it notifies through text message or sometimes does not notify directly. Therefore, It had to be deducted from the cash book.

Maxi's accounts receivable paid him a check and the firm immediately added the amount to the cash book. When the accountant went for depositing the check, there were not sufficient fund (NSF). Therefore, the amount did not add to the bank balance. Hence, the firm had to deduct it again.

Through Electronic Fund Transfer (EFT), a payment had been made by the bank for Maxi clothing. Since the expense did not deduct from the cash book, the amount had to deduct it to get the adjusted book value.

7 0
2 years ago
Huai takes out a $3,600 student loan at 6.6% to help him with 2 years of community college. After finishing the 2 years, he tran
Alja [10]

Answer:

a. The monthly payment on loan 1 is $76.03.

b. The monthly payment on loan 2 is $411.69.

Explanation:

a. Calculate the monthly payment on loan 1.

To determine the amount of periodic payments, the present value of annuity formula should be used:

PV=P(\frac{1-(1+r)^{-n} }{r} )

Where:

PV= present value

p=periodic payment

i=rate of interest

n=number of periods

We get the data for this exercise:

PV= 3,600 (loan).

p= unknown (we must find this value)

i= 6.6% or 0.066. However, because we need to know the monthly payment, the interest rate should be divided by 12 (0.066 / 12).

n= 4 years and 7 months, that is 55 months.

And we replace in the formula:

3600=P(\frac{1-(1+\frac{0.066}{12})^{-55} }{\frac{0.066}{12} } )

3600=P(\frac{1-(1+0.055)^{-55} }{0.0055} )

3600=P(\frac{1-(0.7395812268)}{0.0055} )

3600=P(\frac{0.2604187732}{0.0055} )

3600=P(47.348867)

Therefore:

P=\frac{3600}{47.348867}

P=76.03

The monthly payment on loan 1 is $76.03.

b. Calculate the monthly payment on loan 2.

We get the data for this exercise:

PV= 11,600 (loan 2).

p= unknown (we must find this value)

i= 7.3% or 0.073. However, because we need to know the monthly payment, the interest rate should be divided by 12 (0.073 / 12).

n= 2 years and 7 months, that is 31 months.

And we replace in the formula:

11600=P(\frac{1-(1+\frac{0.073}{12})^{-31} }{\frac{0.073}{12} } )

11600=P(\frac{1-(1+0.006083)^{-31} }{0.006083} )

11600=P(\frac{1-(0.8286047296)}{0.006083} )

11600=P(\frac{0.1713952704}{0.006083} )

11600=P(28.1761088936)

Therefore:

P=\frac{11600}{28.1761088936}

P=411.69

The monthly payment on loan 2 is $411.69.

8 0
2 years ago
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