Explain how to use compensation to find the difference of 30,000 and 6,985.

Compensation is the process of reformulating an addition, subtraction, multiplication, or division problem to one that can be computed more easily mentally.

We will use compensation to find the difference of 30,000 and 6985.

Since, we have to evaluate 30,000 - 6,985

Let us add '15' to 6985,

6,985 + 15 = 7,000

Let us add '15' to 30,000

30,000 + 15 = 30,015

Now, we have to subtract 30,015  and 7,000

= 30,015 - 7,000

= 23,015

Therefore, the difference of 6,985 from 30,000 is 23,015.

Compensation is the process of reformulating an addition, subtraction, multiplication, or division problem to one that can be computed more easily mentally.

We will use compensation to find the difference of 30,000 and 6985.

Since, we have to evaluate 30,000 - 6,985

Let us add '15' to 6985,

6,985 + 15 = 7,000

Let us add '15' to 30,000

30,000 + 15 = 30,015

Now, we have to subtract 30,015  and 7,000

= 30,015 - 7,000

= 23,015

Therefore, the difference of 6,985 from 30,000 is 23,015.

C) Compensatig wage differentials

Explanation:

Driving a truck is not an easy job. It is uncomfortable, usually requires long-hours. Truck drivers frequently have to work at night, pull all-nighters. They are prone to health issues like backache, etc.

They have to be offered a higher wage for accepting that kind of job, and that is what compensating wage differentials are about: it consists in offering higher wages for unpleasant jobs, hence the adjective "compensating", it is a wage that compensates the unpleasantness.

C) Compensatig wage differentials

Explanation:

Driving a truck is not an easy job. It is uncomfortable, usually requires long-hours. Truck drivers frequently have to work at night, pull all-nighters. They are prone to health issues like backache, etc.

They have to be offered a higher wage for accepting that kind of job, and that is what compensating wage differentials are about: it consists in offering higher wages for unpleasant jobs, hence the adjective "compensating", it is a wage that compensates the unpleasantness.

a. The total employment compensations for the two employees are the same

Explanation:

Employee compensation refers to payment made to employees by an organization in consideration for the services rendered.

Employee compensation can be in cash form such as salary and wages, perquisites, allowances, incentives, commission, etc.

In the given case,

Compensation for Employee A:

= Gross Pay + Employee benefits - Job expenses

= $57200 + 5300 - 800

=  $ 61,700    

Similarly,

Compensation for Employee B:

= Gross Pay + Employee benefits - Job expenses

= $56,900 + $6200 - $ 1400

= $61,700

Thus, employment compensation for both A and B are the same.

a. The total employment compensations for the two employees are the same

Explanation:

Employee compensation refers to payment made to employees by an organization in consideration for the services rendered.

Employee compensation can be in cash form such as salary and wages, perquisites, allowances, incentives, commission, etc.

In the given case,

Compensation for Employee A:

= Gross Pay + Employee benefits - Job expenses

= $57200 + 5300 - 800

=  $ 61,700    

Similarly,

Compensation for Employee B:

= Gross Pay + Employee benefits - Job expenses

= $56,900 + $6200 - $ 1400

= $61,700

Thus, employment compensation for both A and B are the same.

Its Labor costs per pair produced will decline from $8.00 per pair to $5.33 for a production facility in North America that currently has labor productivity of 5,000 pairs per worker and total regular compensation (which does not include overtime pay) of $40,000 annually

Explanation:

Labor productivity boost

Increase of Productivity ×

Total Regular compensation(Annually)

Cost per pair with increased productivity:

= Total pay ÷ Increased productivity

= ÷

=

Hence Option E is a correct answer.

Learn more about Labor productivity, refer: