In the spring, Michael was offered a job as a manager from a local office supply competitor. The competitor does not pay their managers commission and instead pays a annual salary. Michael want's to know if he will be making more or less money with the new company. Michael first needs to calculate his average monthly salary at his current job. His gross pay was $4360 in January, $4950 in February, $4872 in March, and $4872 in April. What was Michael's average monthly gross pay for those 4 months? Round your final answer to the nearest cent with the appropriate units. Answer:Question 7
In the spring, Michael was offered a job as a manager from a local office supply competitor. The competitor does not pay their managers commission and instead pays a annual salary. Michael want's to know if he will be making more or less money with the new company. Michael first needs to calculate his average monthly salary at his current job. His gross pay was $4360 in January, $4950 in February, $4872 in March, and $4872 in April. What was Michael's average monthly gross pay for those 4 months? Round your final answer to the nearest cent with the appropriate units. Answer:Question 7
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:In the spring, Michael was offered a job as a manager
from a local office supply competitor. The competitor
does not pay their managers commission and instead
pays a annual salary. Michael want's to know if he will
be making more or less money with the new company.
Michael first needs to calculate his average monthly
salary at his current job. His gross pay was $4360 in
January, $4950 in February, $4872 in March, and $4872
in April. What was Michael's average monthly gross pay
for those 4 months?
Round your final answer to the nearest cent with the
appropriate units.
Answer:Question 7
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