Response:
=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)
Justification:
Below is the formula intended to be entered in cell C8:
=IF(C5>35000,IF(C5>25000<35000,IF(C5<25000,0.05*C5),0.04*C5),0.02*C5)
This formula computes the bonus based on the provided data, utilizing the IF function. The formula begins with an equal sign, followed by IF and the application of all relevant terms.
In this case, the right choice would be option a. His move might boost profits should it draw in a more desirable labor force for openings at his restaurant. The restaurant continually faces an overflow of workers attracted by the competitive wages offered by management. Increasing the wage further may bring in a new group of skilled and experienced employees, enhancing productivity and performance. Assuming that all other factors remain constant, including operational expenses, better performance following this labor enhancement could lead to increased revenue and profitability.
