A semiconductor manufacturing company employs 1,000 people. The average weekly salary of each employee is $750. Select the graph that correctly shows the total cost to the company of paying its employees during a year.
Mathematics · Middle School · Thu Feb 04 2021
Answered on
Given:
A semiconductor manufacturing company employs 1,000 people. The average weekly salary of each employee is $750.
Determine the total cost that the company is paying to its employee during a year.
Solution:
In order to determine the total cost, we simply multiply first 750 with 36, since we have 36 weeks in the year. By doing this we will know the average amount paid to one employee.
= ($750)(36)
= $27,000
Now we need to multiply 27,000 to 1000, since the company has 1000 people.
= ($27,000)(1000)
= $27,000,000
Final answer:
The company is paying a total of $27,000,000 every year.