Asked by Carlos Orellana on Apr 30, 2024
Verified
A profit-sharing bonus was divided among four employees - Ms. L, Mr. M, Ms. N, and Mr. P - in the ratio of 1.5: 1: 0.75: 0.5, respectively. If Ms. N received $2,000, how much did each of the others receive?
Profit-Sharing Bonus
A type of incentive given to employees, typically as part of their compensation package, where they receive a share of the company's profits.
- Apportion dividends or rewards among persons in accordance with agreed-upon shares or deals.
Verified Answer
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Farrah BonnotMay 03, 2024
Final Answer :
L received $4,000, M received $2,666.67, P received $1,333.33
Learning Objectives
- Apportion dividends or rewards among persons in accordance with agreed-upon shares or deals.
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