A 5% increase in salary for Bonnie equals $50,000 x .05 = $2,500 Bonnies salary for 2016

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A 5% increase in salary for Bonnie equals $50,000 x .05 = $2,500

Bonnie’s salary for 2016 will be $52,500

Applying the same salary increase to Jim equals $35,000 + 2,500 = $37,500 in 2016

Jim salary increase will be ($37,500-35000)/35000=0,071429=7.1429% in 2016.

Explain and summarize the best way to calculate Bonnie’s and Jim’s salary increase that will promote and increase performance by both of these employees. Explain your reasoning.

Related Book For answer-question

Financial Accounting Tools for business decision making

ISBN: 978-0470534779

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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Posted Date: Jun 23, 2020 04:34 AM

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A 5% increase in salary for Bonnie equals $50,000 x .05 = $2,500 Bonnies salary for 2016

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Expert Answer:

Firstly on the given case it seems Bonnie and Jim received differential pay rises The employer confused between a flat increase and a percentage incre... View the full answer

Financial Accounting Tools for business decision making

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