A company pays its executives a salary and gives them a percentage of its shares as an annual bonus. Last year the president of the company received 40,000 córdobas and 50 shares, each of the three vice-presidents was paid 45,000 and 20 shares, and the treasurer received 40,000 and 10 shares. A. Express executive pay in money and stock as a 2x3 matrix. B.Express the number of executives at each level as a column matrix. C.Use matrix multiplication to find the amount of money and the total number of shares the company paid out to executives last year.
A company pays its executives a salary and gives them a percentage of its shares as an annual bonus. Last year the president of the company received 40,000 córdobas and 50 shares, each of the three vice-presidents was paid 45,000 and 20 shares, and the treasurer received 40,000 and 10 shares. A. Express executive pay in money and stock as a 2x3 matrix. B.Express the number of executives at each level as a column matrix. C.Use matrix multiplication to find the amount of money and the total number of shares the company paid out to executives last year.
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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A company pays its executives a salary and gives them a percentage of its shares as an annual bonus. Last year the president of the company received 40,000 córdobas and 50 shares, each of the three vice-presidents was paid 45,000 and 20 shares, and the treasurer received 40,000 and 10 shares.
A. Express executive pay in money and stock as a 2x3 matrix.
B.Express the number of executives at each level as a column matrix.
C.Use matrix multiplication to find the amount of money and the total number of shares the company paid out to executives last year.
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