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(a) A shop manager's annual gross salary is £29,400. A bonus of 3½% of the monthly gross salary is earned and paid in October. Deductions from salary in October are Income Tax and National Insurance. National Insurance deduction in October is 6¾% calculated on the total of monthly gross salary plus bonus. Income Tax deduction in October is £430.
Calculate the manager's net salary for October.
(b) A shop assistant is paid a basic wage of £6.40 per hour for 37 hours and one-and-a-half times basic wage for any additional hours worked in that week.
In a particular week, the shop assistant worked 41 hours and also received a 2½% commission on sales of £2,600.
Calculate the total of wages and commission earned by the shop assistant for that week.
(c) The shop assistant is offered a similar job in Holland at a flat rate of €525 per week.
Using a rate of exchange of €1.4 = £1, convert this to pounds sterling.
Compare and contrast the outcomes with respect to price and output under a monopoly versus a perfectly competitive market. In which situation are consumers better off? Why?
Discuss how leaders identify and formulate effective change to address stakeholder expectations. Analyze how organizations need to improve with respect to employee and customer responsiveness to meet objectives.
Aggregate demand curve is negatively sloped in part because of the impact of interest rates and the economy is in short-run equilibrium.
Explain why a firm should continue to operate in the short run so long as market price is greater the firm's average variable cost at the profit-maximizing level of output.
Use the information on U.S. real GDP below to calculate real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1987 to 2005.
Determine autonomous consumption expenditure, autonomous investment expenditure, and the marginal propensity to consume.
Are better than budget deficits over the long run because unlike budget deficits, they increase saving and investment.
1. using porters five industry forces map the soft drink industry.2.what are the risks and opportunities of the
The different market structure and how they determine the degree of competition among firms and how they maximise profits in the short run and long run.
Assume the price level is fixed in the short run so that the economy does not reach a general equilibrium immediately after a change in the economy. For each of the changes what are the short-run effects on the real interest rate and output
You worked for extra pay on a holiday and therefore missed out on your neighbors’ barbeque. People face trade-offs. You had to miss the barbeque to get something else that we liked.
Life insurance companies require applicants to submit to a physical examination as proof of insurability prior to issuing standard life insurance policies.
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