A company has a profit-sharing plan for each employee according to their job classification. Senior management, supervisors, and other staff, which includes clerical and warehouse workers, split profits in the ratio of 8:5:3. The company has 350 employees including 10 managers and 25 supervisors. For the current year, the profits are $550,000. What shares of the profits will each senior manager, supervisor, and other staff receive?

Question

Quizplus · Accepted Answer

The Answer of A company has a profit-sharing plan for each employee according to their job classification. Senior management, supervisors, and other staff, which includes clerical and warehouse workers, split profits in the ratio of 8:5:3. The company has 350 employees including 10 managers and 25 supervisors. For the current year, the profits are $550,000. What shares of the profits will each senior manager, supervisor, and other staff receive?

A Company Has a Profit-Sharing Plan for Each Employee According