financial managers often shift temporary funds from checking accounts to _____ securities to earn higher interest returns.
Answers
Financial managers often shift temporary funds from checking accounts to marketable securities to earn higher interest returns.
What is marketable securities?Any unrestricted financial instrument that may be purchased or sold on a public stock exchange or a public bond exchange is referred to be a marketable security. Marketable securities are thus divided into two categories: marketable equity securities and marketable debt securities. Marketable assets must also meet other criteria, such as having a robust secondary market that enables speedy buy and sell transactions and a secondary market that gives investors accurate price quotes.
Because marketable assets are extremely liquid and regarded as safe investments, the return on these securities is modest.
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Related Questions
PLEASE HELP!!
Which form of investment is considered to offer the most potential growth over a longer time period?
a
real estate
b
savings accounts
c
equities
d
bonds
Answers
Answer: C) Equities
Explanation: The form of investment considered to offer the most potential growth over a longer time period is c. equities. Equities are stocks or shares that represent ownership in a company, and while they can be more volatile than other forms of investment, they also have the potential for higher returns over the long term.
Name two books of prime entry that are also books of double entry?
Answers
Answer:
Cash payment journal
Petty cash payment journal
Explanation:
If net exports decrease by $20 billion and the economy's MPC is .5, the aggregate demand curve will shiftrightward by $40 billion at each price level.leftward by $40 billion at each price level.rightward by $20 billion at each price level.leftward by $20 billion at each price level.
Answers
If net exports decrease by $20 billion and the economy's MPC is .5, it means that people are now spending $20 billion less on imports and instead saving that money.
What does this entail?This reduction in imports will lead to an increase in domestic demand for goods and services, causing the aggregate demand curve to shift rightward.
The shift in the aggregate demand curve will be twice the amount of the change in net exports because the MPC is 0.5.
This means that for every $1 change in disposable income, the aggregate demand will change by $2. Therefore, the aggregate demand curve will shift rightward by $40 billion at each price level.
This shift will result in an increase in output, income, and employment in the economy.
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greg is using a fundraiser site and is offering 10 shares of stock to those who contribute a minimum of $100 to his product. what model of crowdfunding is greg using?
Answers
Greg is using an equity crowdfunding model. This model allows entrepreneurs to raise funds from a large number of investors, who receive equity (shares of stock) in the company in exchange for their investment.
crowdfunding can be broadly categorized into four models:
1. Donation-based crowdfunding: This model involves individuals or organizations contributing money towards a cause or project without any expectation of a return.
2. Reward-based crowdfunding: This model involves individuals or organizations contributing money towards a project or business in exchange for a reward, such as a product, service, or experience.
3. Equity-based crowdfunding: This model involves individuals or organizations contributing money towards a business in exchange for equity in the company.
4. Debt-based crowdfunding: This model involves individuals or organizations contributing money towards a business in exchange for the promise of repayment with interest.
Based on the information provided, it seems that Greg is using the equity-based crowdfunding model as he is offering shares of stock to those who contribute towards his product.
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can someone please help me with this it’s for economics I’m genuinely confused and I need help ASAP!!
Answers
Sure, I'll do my best to assist you. Please provide me with the specific question or problem you need help with in economics so I can provide a comprehensive answer.
In the meantime, I'll provide some general advice for approaching economics problems. Firstly, it's important to understand the key concepts and theories that underpin the problem you're trying to solve. This may involve reviewing relevant course materials, textbooks, or online resources.
Once you have a solid grasp of the underlying theory, it's important to carefully read and analyze the problem statement to identify any relevant variables, constraints, or assumptions. This will help you formulate a clear and concise problem statement, which is essential for developing a coherent and effective solution.
When developing a solution, it's important to use logical reasoning and to clearly explain your thought process. This may involve drawing diagrams or using mathematical equations to illustrate key relationships and concepts.
Finally, it's important to review and double-check your work to ensure that your solution is accurate and complete. This may involve checking your calculations, verifying your assumptions, and ensuring that your solution makes sense in the context of the problem.
Overall, approaching economics problems with a clear and organized mindset, a solid understanding of the relevant theory, and a methodical problem-solving approach can help you achieve success in your studies.
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Question 1 (10 points) 1. Create one well-stated customer related goal that would be relevant for Chatters Hair Salon. (doublecheck: Is it SMART?) 2. You are an advisor to the manager responsible for meeting this goal and they need a recommendation on how to keep track of the progress toward the goal. Provide advice that is relevant to this goal and this company.
Answers
1. The goal is relevant for the salon and is SMART (Specific, Measurable, Achievable, Relevant, Time-bound).
SMART evaluation:
Specific: The goal specifies increasing customer satisfaction through improving the overall salon experience, focusing on the customer's perception and satisfaction.
Measurable: Customer satisfaction can be measured through surveys, feedback forms, ratings, and reviews, allowing the salon to track improvements.
Achievable: Improving the salon experience is achievable by implementing customer-centric strategies, training staff, enhancing facilities, and optimizing service processes.
Relevant: Customer satisfaction is a key factor in the success of any service-oriented business, making it highly relevant to Chatters Hair Salon.
Time-bound: The goal does not specify a specific time frame, so it would be beneficial to set a deadline or target, such as increasing customer satisfaction by a certain percentage within six months or a year.
2. Recommendation: Implement customer feedback collection, monitor KPIs, provide staff training, and initiate improvement initiatives to track progress toward the goal.
Regularly collect customer feedback: Use customer surveys, feedback forms, and online reviews to gather insights into customer satisfaction levels and identify areas for improvement.
Monitor and analyze feedback: Assign a staff member or team responsible for collecting, analyzing, and reporting customer feedback to identify trends, common issues, and areas of excellence.
Set key performance indicators (KPIs): Establish measurable KPIs related to customer satisfaction, such as customer ratings, repeat business percentage, or positive online reviews, and track these metrics regularly.
Conduct regular staff training: Provide ongoing training sessions for salon employees to enhance their skills, knowledge, and customer service abilities.
Implement improvement initiatives: Based on customer feedback and analysis, develop action plans to address any identified areas for improvement and track the progress of these initiatives over time.
By following these recommendations, Chatters Hair Salon can effectively track progress toward their customer satisfaction goal and make data-driven decisions to continually enhance the salon experience for their customers.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Which term applies to the mixture of debt and equity maintained by a firm? a. Capital structure b. Cash management c. Capital budget d. Net working capita
Answers
The mix of debt and equity is referred to as a firm's capital structure which is mixture of debt and equity maintained by a firm.
What does equity mean in financial terms?A property's equity is the sum of money that would remain in the owner's pocket after the asset has been sold and all associated debts have been settled. As an illustration, the equity in a home worth $200,000 with a $50,000 mortgage would be worth $150,000.
How can equity be demonstrated?The term "equity" can refer to a single asset, such as a piece of real estate, or to a company. It is derived by deducting liabilities from assets. As an illustration, $100,000 in equity would exist if a homeowner had a house worth $400,000 but owed a mortgage of $300,000.
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Critical Thinking:
8. Seventeen year old Kara, who is also black, wants a laptop computer of her own. She goes to Best Buy to purchase a new laptop with part of the money she saved from her part-time job. The laptop cost $1,100. Kara offers to put down $400 and make monthly payments through the store’s credit plan. Because Kara is only 17, the manager of the store refuses to sell her the laptop and asks her to return with her parents to possibly work out a deal.
1) Is this fair to Kara? Explain.
2) Is this discriminatory or illegal? Explain.
a.
3) What concerns might the manager have about selling a computer to Kara? (2)
a.
b.
Answers
Answer:
1) It may not be fair to Kara,but since many teenagers are ill-responsible, it may be best to work out deals with their parents, rather than a child. Since she is supposed to be making monthly payments, that may mean that she forgets, or doesn't do so. By having a parent there, Kara and the manager can ensure that there is understandment about the product that is being sold.
2) Kara is under 18, which means that a salesperson does not have to sell her a product if they feel it is not fit for them. So no, it is not illegal or discriminatory to her race, but perhaps to her age group..
3) a. The manager may be worried that Kara is not mature or old enough to have the responsibilities that come with paying a month-to-month rate.
b.The manager also may be worried that Kara took the money from her parents to secretly buy the computer, rather than buying the computer with her own money.
I hope this helps & Good Luck!
the total cost of producing a completed movie generally breaks down into a ratio of 70 percent to 30 percent between above-the-line costs and below-the-line costs. (True or False)
Answers
The statement that the "total cost of producing a completed movie generally breaks down into a ratio of 70 percent to 30 percent between above-the-line costs and below-the-line costs" is generally considered true, because These costs can be quite significant and often make up the majority of a film's budget.
Above-the-line costs include expenses related to creative personnel such as the director, producer, writer, and lead actors.
On the other hand, below-the-line costs refer to the expenses associated with the production process, including crew salaries, equipment rentals, location fees, and post-production costs. These costs are typically more predictable and controllable compared to above-the-line costs.
In many cases, the 70/30 ratio can be seen as a general guideline when budgeting for a movie. However, it's important to note that the actual ratio can vary depending on factors such as the scale of the production, the reputation of the talent involved, and the specific needs of the project. While the 70/30 split may not be universally applicable, it does provide a useful starting point for understanding the breakdown of costs in movie production.
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what is the intrinsic value of a zero coupon bond that matures in 27 years when the current ytm on similarly rated debt is 4.4%?
Answers
To purchase this zero coupon bond today for $347.41, and hold it until maturity in 27 years, you would receive the full face value of $1,000.
The intrinsic value of a zero coupon bond can be calculated using the formula:
Intrinsic value = Face value / (1 + ytm)^(years to maturity)
In this case, the face value is unknown, but we can assume it is $1,000 for simplicity. The current yield to maturity (YTM) on similarly rated debt is 4.4%. Therefore, we can calculate the intrinsic value of the zero coupon bond as follows:
Intrinsic value = $1,000 / (1 + 0.044)^(27) = $347.41
This means that if you were to purchase this zero coupon bond today for $347.41 and hold it until maturity in 27 years, you would receive the full face value of $1,000.
However, it's important to note that zero coupon bonds do not pay interest along the way, so the only return you would receive is the difference between the purchase price and the face value at maturity.
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how does tax increase cost of production?
Answers
Answer:
Tax incidence is the effect a particular tax has on the two parties of a transaction; the producer that makes the good and the consumer that buys it. The burden of the tax is not dependent on whether the state collects the revenue from the producer or consumer, but on the price elasticity of supply and the price elasticity of demand. To understand how elasticities influence tax incidence, it is important to consider the two extreme scenarios and how the tax burden is distributed between the two parties.
Answer:
As with the specific tax, the tax raises production costs, but the amount of tax varies with price level.
Explanation:
Note that common work styles are listed toward the top, and less common work styles are listed toward the bottom. According to O*NET, what are common work styles needed by Actors? Select four options. investigative adaptability/flexibility cooperation conventional dependability concern for others
Answers
The common work styles needed by Actors are Adaptability/Flexibility, Cooperation, Concern for Others, and Dependability. So, the correct answers are A, B, C and D.
Based on the O*NET database, the common work styles needed by Actors are Adaptability/Flexibility, Actors must be able to adapt to different roles, environments, and situations. Cooperation, Actors often work as part of a team, and must be able to collaborate and cooperate with others.
Concern for Others, Actors must be able to empathize with their characters and understand the emotions and motivations of others. Dependability, Actors must be reliable and show up on time for rehearsals, performances, and other commitments. So, the correct options are A, B, C and D.
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After zappos. Com identified the needs of its target customer segment, what two marketing actions did the company take to fulfill the needs of its target customer?.
Answers
Two marketing actions the company takes to meet the needs of its target customers are offering fast shipping and free returns and offering a large stock of shoes.
Marketing strategy is a way for a company to achieve its goals, because the potential to sell a proposition is limited to the number of people who know about it.
Marketing Strategy Objectives
To improve the quality of coordination within the marketing team.To measure marketing results based on applicable performance standards.To provide a logical basis for any decision making.To improve the ability to adapt in case of changes in marketing.Marketing Strategy Function
Increase motivation to think far ahead.More effective and targeted marketing coordination.Can formulate company goals to be achieved.Supervision of marketing activities is more effective on work performance standards.You can learn more about Marketing strategy here brainly.com/question/15585962
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A straight note for $13,400 was executed at 8 nnual interest. if the borrower actually paid $3,752 in interest, how many months did he take to pay it off?
Answers
If the borrower actually paid $3,752 in interest, he took 42 months to pay the whole amount.
Given,
Total amount - $13,400
Annual interest - 8%
Interest amount paid - $3,752
Thus,
In order to calculate how many months did it take for the borrower to pay off interest amount of $3,752, we first have to calculate the per month interest payment. For which the calculation is given below.
Per month interest = (13,400 * 8%) / 12
= $89.33
Months it took to pay $3,752
= $3,752 / $89.33
= 42 months
Hence, if the borrower actually paid $3,752 in interest, he took 42 months to pay the whole amount.
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8. Chocolates bought at 5 for £6 are sold at 2 for £3, find:
(i) The cost price of each chocolate
(ii) The selling price of each chocolate
(iii) The profit or loss made on selling one chocolate
Step by step pls x
Answers
1. Divide price by quantity:
6/5 = 1.20 each
2. 3/2 = 1.50 each
3. profit/ loss = sold - purchased price
1.50 - 1.20 = 0.30 profit
In economics, the term "shoutdown point" refers to the point where the Marginal cost curve crosses the total revenue curve average variable cost curve crosses the total revenue curve. Average variable cost curve crosses the marginal cost curve. Marginal cost curve crosses the average variable cost curve.
Answers
In economics, the term "shoutdown point" refers to the point where the marginal cost curve crosses the average variable cost curve. The Option D is correct.
What Is a Shutdown Point?A shutdown point refers to the level of operations at which a company experiences no benefit for continuing operations and therefore, decide to shut down temporarily or cases permanently. It often results from combination of output and price where the company earns just enough revenue to cover its total variable costs.
In essence, this point denotes the exact moment when a company’s marginal revenue is equal to its variable costs, that is, it occurs when the marginal profit becomes negative.
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Describe the population distribution in Guyana
Answers
More than 70 percent of Guyana's coastal population is rural, living on plantations or in villages strung along the coastal road. The villages range in size from several hundred to several thousand inhabitants. The layout of the villages is dictated by the drainage and irrigation systems of the plantations, both active and abandoned. The villages are most heavily concentrated along the estuary of the Demerara River and the eastern environs of Georgetown, near the mouth of the Berbice River close to New Amsterdam, and along the extreme east coast near the Courantyne River.
The pattern of population distribution in Guyana is a product of nineteenth-century economic development, which was based on the cultivation of sugarcane. Because the swampy coast was fertile and sugar production was geared to export, the large sugar estates confined their operations to a narrow coastal strip. Most of the villages had ethnically diverse populations, but usually one ethnic group predominated. The urban population was predominantly African, but it would be misleading to suggest that all Afro-Guyanese were urban. Indeed, the majority of the Afro-Guyanese population was rural. A far greater majority of Indo-Guyanese, however, lived outside the cities. The interior of the country was left mainly to the Amerindians. Even the later exploitation of timber, bauxite, and manganese in the interior failed to effect any sizeable migration.
according to information found on the production analysis page of the inquirer, digby sold 1126 units of dome in the current year. assuming that dome maintains a constant market share, all the units of dome are sold in the nano market segment and the growth rate remains constant, how many years will it be before dome will not be able to meet future demand unless the company adds production capacity? exclude any existing inventory.
Answers
If the business doesn't increase production capacity, it will be a year until dome can't keep up with demand.
What is production capacity?Production capacity, expressed in units of output per period, is the maximum output that a manufacturing business is capable of producing. Knowing your production capacity allows you to deliver more precise lead times, optimize production planning and scheduling, and predict your cash flow.
The size of the labor force, labor productivity, raw materials, capital stock, entrepreneur potential, technological state, and law and order are all factors that affect a country's ability to produce.
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PLEASE HELP AND HURRY!!!
Just tell me A B C or D for these 3 questions... Thanks so much
Answers
Answer:
C A D
Explanation:
After my salary was increased by $16\%,$ it was $\$52{,}200$. What was my salary before the increase?.
Answers
Your salary before the increase was $45,172.41. Salary is a the value that you will get after your hard work.
Salary is the total amount that you will get after you done your job. Salary can be paid monthly or depends on the rules your company. Salary is often paid with the money.
To find out your salary before the increase, you can use the formula:
original salary = new salary / (1 + (percent increase / 100))
Plugging in the given information, you get:
original salary = $52,200 / (1 + (16 / 100))
original salary = $52,200 / 1.16
original salary = $45,172.41
So your salary before the increase was $45,172.41.
Here is the clear question.
After my salary was increased by 16%, it was $52,200. What was my salary before the increase?
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What are the three factors the 3 E's of sustainability?
Answers
The three E's of sustainability provide a framework for analyzing how decisions and actions will affect the environment, economy, and society. It is comparable to the three Ps of sustainability, which similarly takes into account these three elements.
The environment is the term used to describe how decisions and activities affect the environment and how natural resources are used. It entails thinking about how actions will affect the environment and if they will be sustainable in the long run.
The economy is the phrase used to describe the financial costs and advantages of decisions made and the potential effects these have on the long-term profitability and viability of a company or organization.
Equity refers to whether or not activities and policies have a positive or negative social and human impact on all individuals.
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You have decided to buy a coach bag for somebody special. Coach is a luxury leather goods company that specializes in handbags, wallets, briefcases, and luggage. You want this present to be special but cannot purchase anything more than $600. The person you are buying for has very specific tastes in accessories.
What level of involvement would be appropriate for this shopping experience?
Answers
If you want to buy a luxury Coach bag for someone special but cannot purchase anything more than $600, a high level of involvement would be appropriate for this shopping experience. What is High involvement?
High involvement is a consumer buying behavior that entails a significant investment of time and money in a purchase. Consumers put forth a lot of effort in the purchase decision, such as conducting research and comparing products. The more money and time invested in a product, the higher the level of involvement.
A Coach bag for somebody special will be a unique gift, and because the person has specific tastes in accessories, a high level of involvement in the shopping experience will be appropriate. A high level of involvement will ensure that the present meets their preferences, and they'll appreciate it.
A high level of involvement will assist you in understanding the person's needs, wants, and interests before making a final decision. You will be able to choose the correct Coach bag that is both stylish and functional for the person's everyday use.
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franchises will generally have higher ____, but they offer ongoing support and training.
Answers
Franchises will generally have higher direct financing but they offer ongoing support and training.
What is the meaning of financing?Finance is the study and practice of money, money-related instruments, and capital assets. It is associated with economics, which refers to the study of the creation, transfer, and consumption that money, assets, goods, and services, but it is not the same as economics.
The process of raising capital or finances for any type of spending is known as financing. It is the act of directing various financial resources—such as credit, loans, and invested capital—to those parts of the economy that need them most or can use them most effectively.
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Calculating NPV: Foxy News, Inc., is considering making an offer to purchase Pulitzer Publications. The vice president of finance has collected the following information: Foxy Price-earning ratio Shar
Answers
The information required to calculate the NPV of the investment proposal is insufficient. Without the required information, a calculation of NPV cannot be done.
Net present value (NPV) is a method that calculates the present value of all future cash flows produced by an investment. NPV aids investors in determining whether a project will produce positive or negative cash flows after adjusting for the time value of money.
The formula for calculating NPV is as follows: NPV= Present value of all future cash flows - Initial investment
Here's the missing information required for calculating NPV: Foxy Price-earning ratio Shar
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Bosshart Inc. has provided the following data for the month of May. There were no beginning inventories; consequently, the direct materials, direct labor, and manufacturing overhead applied listed below are all for the current month.
Work In Process Finished Goods Cost of Goods Sold Total
Direct materials $ 10,670 $ 12,000 $ 81,120 $ 103,790
Direct labor 11,630 15,000 101,400 128,030
Manufacturing overhead applied 9,680 9,680 68,640 88,000
Total $ 31,980 $ 36,680 $ 251,160 $ 319,820
Manufacturing overhead for the month was underapplied by $6,000.
The Corporation allocates any underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts.
The journal entry to record the allocation of any underapplied or overapplied manufacturing overhead for May would include the following:
Multiple Choice
credit to Work in Process of $31,980 A
debit to Work in Process of $660 B
credit to Work in Process of $660 C
debit to Work in Process of $31,980 D
Answers
The journal entry for Boosshart Inc. to record the allocation of any underapplied or overapplied manufacturing overhead for May will be debited to Work in Process of $660. Option B is correct.
Allocating underapplied or overapplied manufacturing overhead among work in process, finished goods, and cost of goods sold at the end of the month on the basis of the manufacturing overhead applied during the month in those accounts is a common practice in many firms. We should apply this principle to Bosshart Inc.'s case.
The following entry would be required to account for any underapplied or overapplied overhead at the end of the month:
Cost of goods sold ($81,120 + $101,400 + $68,640) = $251,160
Manufacturing overhead applied ($9,680 + $9,680 + $68,640) = $88,000
Underapplied overhead = $6,000
Total underapplied overhead = ($6,000 ÷ $88,000) x ($31,980 + $36,680 + $251,160) = $660.
The journal entry to record the allocation of underapplied manufacturing overhead for May would be Work in Process Debit $660.00Manufacturing Overhead Credit $660.00.
Option B is correct.
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An increase in the money supply causes output to rise in the long run.
a. true
b. false
Answers
An increase in the money supply causes output to rise in the long run.
This statement is true.
Any increase done by the government in the money supply will be inflationary for the economy when it is studied in contrast to the unemployment.
In general, it can be concluded that an increase in the money supply will always raise the domestic price level to a larger degree in the long run and by this the unemployment rate of labor and capital will be lowered.
An increase in the money supply will raise the national output more and the price level lesser than the rate at which the higher is the unemployment rate of labor and capital is.
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the table below records what in the labor market is demanded and supplied in the labor for high school teachers, where the teachers belong to a union. if there were no teachers union in this market environment, what would the equilibrium salary be? annual salary quantity of workers demanded quantity of workers supplied $20,000 200 50 $30,000 180 70 $40,000 130 90 $50,000 110 110 $60,000 75 120 $70,000 50 150 group of answer choices $60,000 $50,000 $40,000 $30,000
Answers
The equilibrium salary in the absence of a teachers union would be $50,000. This is the salary level at which the quantity of workers demanded and supplied are equal, based on the given data.
To find the equilibrium salary, we need to compare the quantity of in the labor market is demanded and the quantity of workers supplied at different salary levels. The equilibrium occurs when these quantities are equal.
Looking at the given table
At a salary of $20,000, the quantity of workers demanded is 200, and the quantity of workers supplied is 50.
At a salary of $30,000, the quantity of workers demanded is 180, and the quantity of workers supplied is 70.
At a salary of $40,000, the quantity of workers demanded is 130, and the quantity of workers supplied is 90.
At a salary of $50,000, the quantity of workers demanded is 110, and the quantity of workers supplied is 110.
At a salary of $60,000, the quantity of workers demanded is 75, and the quantity of workers supplied is 120.
At a salary of $70,000, the quantity of workers demanded is 50, and the quantity of workers supplied is 150.
From the table, we can see that at a salary of $50,000, the quantity of workers demanded and supplied are equal, resulting in equilibrium. Therefore, the equilibrium salary in the absence of a teachers union would be $50,000.
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the exchange rate between japanese yen and indian rupee was ¥1.74/rupee. how many ¥ will you receive if you sell rupee 500?¥870 ¥500 ¥4287.36 ¥1,740
Answers
To calculate how much you will receive if you sell 500 Indian rupees at an exchange rate of 1.74 yen per rupee, you need to multiply 500 by 1.74. The answer is 870.
This means that if you sell 500 Indian rupees, you will receive 870 in return. It's important to note that exchange rates fluctuate constantly and can change quickly, so it's important to check the current rate before making any transactions involving foreign currencies.
Additionally, there may be fees or commissions associated with exchanging currency, so it's important to consider those as well when determining how much money you will receive.
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Jay Harrod and 2 trainees were sent to a 2 day sales seminar. The registration fee was $165 per person. Training materials cost $35 per person. Harrod earns a yearly salary of $52,000 and the 2 trainees earn $14.50 per hour each for a standard 40 hour work week. What were the total training costs?
Answers
Answer:
$1,232
Explanation:
the training costs include:
registration fees = $165 x 3 = $495
training materials = $35 x 3 = $105
trainees' wages = 2 x 8 x $14.50 = $232
Harrod's wage = ($52,000 / 52 weeks) x 2/5 days = $400
total training cost = $1,232
Employees must be paid their normal salary when they attend training sessions.