# Finance : Salary Increase

Not what you're looking for?

Bert will receive a promotion next month. He will receive a 12.5% salary increase, a 5.55% cost of living adjustment, and a 6.8% merit increase. What will his new salary be if his present salary is $26,990?

a.$34,212.06 b.$30,775.64 c.$33,683.52 d.not given

##### Purchase this Solution

##### Solution Summary

A salary increase is calculated.

###### Education

- BSc , Wuhan Univ. China
- MA, Shandong Univ.

###### Recent Feedback

- "Your solution, looks excellent. I recognize things from previous chapters. I have seen the standard deviation formula you used to get 5.154. I do understand the Central Limit Theorem needs the sample size (n) to be greater than 30, we have 100. I do understand the sample mean(s) of the population will follow a normal distribution, and that CLT states the sample mean of population is the population (mean), we have 143.74. But when and WHY do we use the standard deviation formula where you got 5.154. WHEN & Why use standard deviation of the sample mean. I don't understand, why don't we simply use the "100" I understand that standard deviation is the square root of variance. I do understand that the variance is the square of the differences of each sample data value minus the mean. But somehow, why not use 100, why use standard deviation of sample mean? Please help explain."
- "excellent work"
- "Thank you so much for all of your help!!! I will be posting another assignment. Please let me know (once posted), if the credits I'm offering is enough or you ! Thanks again!"
- "Thank you"
- "Thank you very much for your valuable time and assistance!"

##### Purchase this Solution

##### Free BrainMass Quizzes

##### Employee Orientation

Test your knowledge of employee orientation with this fun and informative quiz. This quiz is meant for beginner and advanced students as well as professionals already working in the HR field.

##### Basics of corporate finance

These questions will test you on your knowledge of finance.

##### Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

##### Motivation

This tests some key elements of major motivation theories.

##### Social Media: Pinterest

This quiz introduces basic concepts of Pinterest social media