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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

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Answer:

recorded on March 31, 2021.

Explanation:

As we know that if there is an accural basis so the revenue is recognized and recorded when it is earned here the receipt of cash is not material for recording the revenue

Since in the given situation, the date of completion of the contract is considered for recording date of revenue as per the accrual basis

So March 31, 2021 should be considered

 

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2 years ago
Hall and Donnell reported findings of five separate studies involving over 12,000 managers that explored the relationship betwee
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Answer:

D) were highly likely to be in their lower-achieving group.

Explanation:

Theory X refers to a motivation theory developed by Douglas McGregor. Theory X can be described as a pessimistic view of humanity and human workers. Managers who support theory X tend to dislike their own work and believe everyone else dislikes their work, are not ambitious and believe everyone else is not ambitious either, and finally don't like to assume responsibility over their actions and believe everyone else is like them.

So it shouldn't be a surprise that managers who support theory X are underachievers.

4 0
2 years ago
Which of the following statements is true? Group of answer choices An explicit cost is an actual cost; an implicit cost is a the
professor190 [17]

Answer:

Economic costs include both explicit costs and implicit costs.

Explanation:

  • In economics, costs can be in the form of explicit and implicit as implicit costs are opportunity costs and are opportunities for engaging in business. While the explicit costs are accounting costs which are involved in the production of raw matter, wages etc.
7 0
2 years ago
All of the other options that are given up when a business makes one choice over another are called
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The correct answer is A.
4 0
3 years ago
Read 2 more answers
Management at Gordon Electronics is considering adopting a bonus system to increase production. One suggestion is to pay a bonus
tekilochka [14]

Answer:

  • <u><em>4,099 units or more</em></u>

Explanation:

The cumulative distribution of a random variable X that follows a normal distribution is given by the area undear the "bell curve" and the values are given by the corresponding table for the standard normal distribution.

The standardized value of the variable X is called Z and is calculated with the formula:

          Z=\dfrac{X-\mu}{\sigma}

Where:

         \mu=mean=4,000

         \sigma=standard\text{ }deviation=60

You read the Z-value for which the probability is greater than or equal to 5% in the table for the values of the area to the right of Z. Using probability = area under the curve ≥ 5%, the Z-value is 1.645 (interpolating between p = 0.0495, Z = 1.64 and p = 0.0505, Z = 1.65).

Substituting in the formula for Z:

  • 1.645 = (X - 4,000) / 60

  • X= 60 × 1.645 + 4,000 = 4,098.7 ≈ 4,099

Hence, the bonus will be paid on 4,099 units or more.

3 0
3 years ago
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