1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stealth61 [152]
2 years ago
15

A person has just been awarded an income increase to offset the effects of an increase in the overall cost of living in his coun

try. This increment is tied to the consumer price index (CPI), which recently escalated from 110 to 112. What should his new salary be if he was earning $30,000 per year before the increase in the CPI
Business
1 answer:
ArbitrLikvidat [17]2 years ago
8 0

The person's new salary based on the new CPI of 112 should be $30,545.

<h3>What is the consumer price index (CPI)?</h3>

The Consumer Price Index (CPI) is an aggregate measure of the average price changes over time for a market basket of consumer goods and services. The index is used by businesses, governments, and individuals to gauge the inflation trend in the economy.

Data and Calculations:

Old CPI = 110

New CPI = 112

Old salary = $30,000

New salary = $30,545 ($30,000/110 x 112)

Thus, the person's new salary based on the new CPI of 112 should be $30,545.

Learn more about the consumer price index (CPI) at brainly.com/question/24888747

You might be interested in
You manage the worksheet shown below and it contains information for the company's 1500 employees,
marshall27 [118]

The best way for you to create the list of those who make more than $45000 a year and are full time is by using the filter option.

The filter option would be used to highlight the people that are in full employment. After this you have to use the sort to check the compensation column in order to establish those that make more than 45000.

The filter in a spreadsheet helps to put data in a particular category then arrange them based on the criteria that you selected.

The sorting method helps to arrange data based on ascending order or descending order.

Read more on brainly.com/question/15358155?referrer=searchResults

5 0
3 years ago
Read 2 more answers
How much tax do i pay if i make 100000 in california?
gizmo_the_mogwai [7]
29,208 I used a tax calculator
4 0
3 years ago
Read 2 more answers
Answer the question on the basis of the following production possibilities table for two countries, North Cantina and South Cant
Viktor [21]
The answer is c
hope this helpful
6 0
3 years ago
An increase in revenues increases net income, and net income increases stockholders’ equity. True or false?.
Mandarinka [93]
The answer is True, An increase in revenues increases net income, and net income increases stockholders' equity
8 0
1 year ago
The Pecking Order view on capital structure:
irina1246 [14]

Answer:

c. Argues that a firm's first choice for capital is retained earnings as there is no informational cost associated with using retained earnings.

Explanation:

The Pecking order theory states that a business should first of all seek for internal funds (retained earnings) as a first choice of capital.

When internal funds are depleted, it can now look to debt as a source of finance.

In turn when debt options have been exhausted the last resort is to look for funding from equity.

So the Pecking order argues that a firm's first choice for capital is retained earnings as there is no informational cost associated with using retained earnings.

4 0
3 years ago
Other questions:
  • Jake just got a big promotion at work and wants to buy a new Jaguar.​ However, he lives in northeast​ Indiana, and the nearest J
    10·1 answer
  • What are the tax liability, the marginal tax rate, and the average tax rate for a married couple filing jointly with $51,900 tax
    6·1 answer
  • A manager buys three shares of stock today, and then sells one of those shares each year for the next 3 years. His actions and t
    14·1 answer
  • Mark brainliest:/
    14·2 answers
  • Meredith saves $575 a month and her gross income is $6,500 each month. Meredith’s liquid assets are equal to $4,000 and her curr
    14·1 answer
  • A corporation has the following account balances: Common Stock, $1 par value, $80,000; Paid-in Capital in Excess of Par Value, $
    9·1 answer
  • Equipment was purchased for $300,000. Freight charges amounted to $14,000 and there was a cost of $40,000 for building a foundat
    9·1 answer
  • Mr. Leghorn lives next door to Mr. Fudd. During hunting season, Mr. Fudd likes to shoot rabbits in his backyard, which activity
    7·1 answer
  • A buyer and a seller are disputing a contract for sale and purchase. They agree to submit the matter to a third party who will m
    8·1 answer
  • After an interview, you are told that the company is unsure of when a decision will be made. Because you have some time and want
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!