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Help please! Joe and Dawn were both hired by Stoudt Manufacturing two summers ago. The company agreed to give each of them a raise after
Help please!
Joe and Dawn were both hired by Stoudt Manufacturing two summers ago. The company agreed to give each of them a raise after their first year on the job and another after their second year. The raises would be determined by their annual individual performance evaluations. Joe, who started at annual salary of $39,700, received a raise of $2,900 after his first performance evaluation and a 3.4% increase after his second annual evaluation. Dawn, who was hired at $316,000 per year, earned a $4,300 raise after her first year followed by a 4.2% increase her second year. Use this data to complete the sentences below. You may use the spreadsheet applet above to assist you with your calculations. Round all salary amounts (annual salary, salary increase) to the nearest whole dollar. Round other answers (percentages, cents per year) to two decimal places. (a) After his first performance evaluation, Joe's new annual salary was $. This means after 1 year of employment, Stoudt Manufacturing determined that Joe earned a \% increase. So, Joe will be making an extra cents per dollar of his starting annual salary. (b) After her first performance evaluation, Dawn's new annual salary was \$ This means after 1 year of employment, Stoudt Manufacturing determined that Dawn earned a \% increase. So, Dawn will be making an extra cents per dollar of her starting annual salary. (c) After his second performance evaluation, Joe earned a raise of $ (round to nearest whole dollar) so that his new annual salary after his second raise is $ (round to nearest whole dollar). So, based only on the second raise, Joe will add an extra cents per dollar to his annual salary. (d) After her second performance evaluation, Dawn earned a raise of $ (round to nearest whole dollar) so that her new annual salary after her second raise is $ (round to nearest whole dollar). So, based only on the second raise, Dawn will add an extra cents per dollar to her annual salary. (e) We can summarize Joe's raises using percentages. After his first evaluation, Joe received a \% raise. After his second evaluation, Joe's raise was %. Overall, comparing Joe's starting salary to his salary after the second raise, his new salary is a % increase over his starting salary. (Notice that the last blank IS NOT EQUAL to the sum of the first two blanks. Can you explain why?) (f) Considering the total increase from their starting salaries to after their second raise, Joe's salary increased by \% whereas Dawn's salary Joe and Dawn were both hired by Stoudt Manufacturing two summers ago. The company agreed to give each of them a raise after their first year on the job and another after their second year. The raises would be determined by their annual individual performance evaluations. Joe, who started at annual salary of $39,700, received a raise of $2,900 after his first performance evaluation and a 3.4% increase after his second annual evaluation. Dawn, who was hired at $316,000 per year, earned a $4,300 raise after her first year followed by a 4.2% increase her second year. Use this data to complete the sentences below. You may use the spreadsheet applet above to assist you with your calculations. Round all salary amounts (annual salary, salary increase) to the nearest whole dollar. Round other answers (percentages, cents per year) to two decimal places. (a) After his first performance evaluation, Joe's new annual salary was $. This means after 1 year of employment, Stoudt Manufacturing determined that Joe earned a \% increase. So, Joe will be making an extra cents per dollar of his starting annual salary. (b) After her first performance evaluation, Dawn's new annual salary was \$ This means after 1 year of employment, Stoudt Manufacturing determined that Dawn earned a \% increase. So, Dawn will be making an extra cents per dollar of her starting annual salary. (c) After his second performance evaluation, Joe earned a raise of $ (round to nearest whole dollar) so that his new annual salary after his second raise is $ (round to nearest whole dollar). So, based only on the second raise, Joe will add an extra cents per dollar to his annual salary. (d) After her second performance evaluation, Dawn earned a raise of $ (round to nearest whole dollar) so that her new annual salary after her second raise is $ (round to nearest whole dollar). So, based only on the second raise, Dawn will add an extra cents per dollar to her annual salary. (e) We can summarize Joe's raises using percentages. After his first evaluation, Joe received a \% raise. After his second evaluation, Joe's raise was %. Overall, comparing Joe's starting salary to his salary after the second raise, his new salary is a % increase over his starting salary. (Notice that the last blank IS NOT EQUAL to the sum of the first two blanks. Can you explain why?) (f) Considering the total increase from their starting salaries to after their second raise, Joe's salary increased by \% whereas Dawn's salaryStep by Step Solution
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