you are an owner of a small bakery shop and you have two employees which are the part-time baker who assists the owner in producing products and In-store staff which is required to work for 8 hours a day. Your proposed salary for your part-time baker is 300Php 4-5 hours a day, and for your in-store staff is 416Php 8 hours per day. What is your reasoning or how will you justify this proposed salary for your two employees?

you are an owner of a small bakery shop and you have two employees which are the part-time baker who assists the owner in producing products and In-store staff which is required to work for 8 hours a day. Your proposed salary for your part-time baker is 300Php 4-5 hours a day, and for your in-store staff is 416Php 8 hours per day. What is your reasoning or how will you justify this proposed salary for your two employees?

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 21P

See similar textbooks

Similar questions

1. Imagine you are applying for a job. What is the percentage allocation in terms ofimportance you would want for your base pay, variable pay, and benefits? For examplebase pay is the most important to you, 50%, variable pay, 20%, and benefits, 30%. Justifyyour percentage allocation.
McGwire Aerospace expects to have net cash flow of $12 million. The company forecasts that its operating costs excluding depreciation and amortization will equal 75 percent of the company’s sales. Depreciation and amortization expenses are expected to be $5 million and the company has no interest expense. All of McGwire’s sales will be collected in cash, costs other than depreciation and amortization will be paid in cash during the year, and the company’s tax rate is 40 percent. What is the company’s expected sales?
The Smiths save £32,000 per year for retirement. They are now in their mid-thirties, and they expect to have £1 million in today’s Sterling Pound saved by the time they are in their mid-sixties. If their market interest rate is 7% per year and inflation averages 2% a year, will the Smiths meet their savings expectations?
7. A and B are started working for a company in similar jobs on January 1, 2020. A’s initial monthly salary was OMR 500, which increases by OMR 50 after every year. B's initial monthly salary was OMR 600, which increases by OMR 10 after every six months. If these arrangements continue till December 31, 2030. Find the total salary they will receive during that period.
Match the following terms to their definitions: valuation, return on investment, discount rate, terminal value 1. The value of an investment at the end of an investment period 2. The return that investors expect to earn for putting their capital at risk 3. The amount of profit made on a given investment 4. An estimate of the economic worth of an asset or business a. Discount rate b. Valuation c. Return on investment d. Terminal value
Suppose that you’re a finance major and upon graduation you want a job, preferably as a personal financial planner, with a minimum salary of Rs 1,50,000 and within a hundred miles of your hometown. You accept a job offer as a business credit analyst—not exactly a personal financial planner but still in the finance field—at a bank 50 miles from home at a starting salary of Rs 1,20,000. If you had done a more comprehensive job search, you would have discovered a job in personal financial planning at a trust company only 25 miles from your hometown and starting at a salary of Rs 1,60,000. Were you a perfectly rational decision maker in this case? Why or why not? Explain.
In Benefit/cost ratio analysis, if the salvage value is used to recover the first cost, it is being considered as: Select one: a. negative cost b. cost c. benefit d. disbenefit =================== Ali takes out a loan at 10 percent compounded annually for 7 years. At the end of this period, he pays off the loan at a value of $23,384.61. What amount did he borrow? Select one: a. $12,000.00 b. $15,000.00 c. $14,000.00 d. $13,000.00 ============= While considering the engineering economy concepts, the most important tense almost all exercises deal with is the annual worth. Select one: True False Ans all
Describe how a manager who derives satisfaction from both income and shirking allocates a 10-hour day between these activities when paid an annual, fixed salary of $100,000. When this same manager is given an annual, fixed salary of $100,000 and 4 percent of the firm’s profits—amounting to $130,000 per year—the manager chooses to work eight hours and shirks for two hours. Explain which of the compensation schemes the manager prefers
Luke Anderson is earning $20,000 a year in a city located in the Midwest. He is interviewing for a position in a city with a cost of living 13 percent higher than where he currently lives. What is the minimum salary Brad would need at his new job to maintain the same standard of living?
Jasmine is a mother of three children, ages 6 months, 2 years, and 3 and a half. Jasmine makes $24,000 a year at her full-time job, while her husband, Jamal, makes $45,000 a year. The daycare their children attend currently costs them $18,000 a year for all three children, but next year the cost is going up to $21,000. Jasmine wonders whether it’s even worth working, when she spends so much of her salary on childcare, and is considering quitting her job completely or working part-time instead. Jasmine’s dilemma is an example of a gendered process that occurs in the point of overlap of which two institutional arenas? the market and the family the family and the state the family and religion the state and the market
A company gives each worker a cash bonus every Friday, randomly giving a worker an amount with the probabilities: $10 0.9, $50 0.1. Over many weeks, what is a worker's expected weekly bonus? 1. (10 + 50)/2=$30 2. 10 x 0.9 + 50 x 0.1=$14 3. (10 x 0.9 + 50 x 0.1) / 2=$7 4. (10 + 50) / 10= $6
An analyst has collected the following information regarding Gilligan Grocers: Earnings before interest and taxes (EBIT) = $700 million. Earnings before interest, taxes, depreciation and amortization (EBITDA) = $850 million. Interest expense = $200 million. The corporate tax rate is 40 percent. Depreciation is the company’s only non-cash expense or revenue.What is the company’s net cash flow?