A Local Business Owner Is Considering Adding Another Employee to His

question 83

Essay

A local business owner is considering adding another employee to his staff in an effort to increase the number of hours the store is open per day.
a. If the employee will cost the owner $4,000 per month and the store takes in $50/hour in revenue with variable costs of $15/hour, how many hours must the new employee work for the owner to break even?
b. The employee again costs $4000 and has agreed to work 120 hours. If variable costs remain at $15/hour and revenue is uncertain with a 40% chance of being $40/hour, 35% chance of being $20/hour, and 25% chance of being $35/hour should the owner hire the employee?

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Definitions:

Item Events

Events that are fired in response to interaction with items in a GUI, such as selections or changes in state.

Graphics Object

In programming, an object that encapsulates methods for drawing shapes, text, and images to a display device or off-screen image.

drawOval

A method in the Java graphics class used to draw an oval shape based on specified dimensions and coordinates.

fillRect

In computer graphics, the "fillRect" method is used to draw and fill a rectangle with a specific color or pattern in a graphical user interface.