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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.
imply a lower standard of living in every of the three nations compared to the situation where they are united into a single new country.
High Mark Industries sells solar water heaters to households interested in lower energy bills and sustainable energy.
Is it a good idea for the government to require automobile manufacturers to include pollution control devices, and certain safety devices (i.e. air bags) in every car sold in the U.S.? Explain from the context of the definition of externalities.
1). The DeBeers company is a profit-maximizing monopolist that exercises monopoly power in the distribution of diamonds. If the company earns positive economic profits this year, the price of diamonds will:
what criteria did you use to determine your strategy What risks does your strategy entail, and are the potential rewards worth those risks 3) What adjustments might you have to make to your business to be successful with your new venture
Use economic analysis to describe the social costs and benefits of government and public policy choices. aAnalyze the relationship between economic activity and the resources available in a society.
Proponents of the managed floating exchange rate system argue that it has added the volatility needed by the exchange rate market. been effective because it is a "nonsystem" without fixed rules. been sufficiently flexible to weather major economic..
The college of business each of these in turn has a dean who is responsible for faculty departments such as economics and finance. Why is an M-form more likely than a U-form to be an efficient way of organizing a university and to organize the sch..
Fill in the table indicating whether the new Each row and column heading describes a shock to a market initially in equilibrium. Fill in the table indicating whether the new equilibrium price and quantity will increase, decrease, or not change.
Suppose that Australia's price level is 125, the British price level is 100, and the nominal exchange rate of pounds to the dollar is £0.60 = $1. Calculate the real exchange rate of pounds to the dollar. Show all workings. Explain how the CPI is c..
How would multiplying a positive constant to a linear demand function affect its own-price elasticity of demand? In particular, how would the elasticity of demand of \(Q_{x}=a+bP_{x}+cP_{y}+dI\) at a point compare with the elasticity of demand..
Estimate total revenue function and the marginal revenue function with just this information.
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