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
ivolga24 [154]
3 years ago
12

In 1931, President Herbert Hoover was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 19

31 and 237 for 2015. President Hoover’s 1931 salary was equivalent to a 2015 salary of about: a) $1,057,894. b) $16,080,001. c) $1,169,408. d) $4,965.
Business
1 answer:
zaharov [31]3 years ago
7 0

Answer: c) $1,169,408.

Explanation:

Given the following:

Consumer price index(CPI) :

Year 1 = 1931 = 15.2

Year 2 = 2015 = 237

Salary in 1931 = $75,000

Equivalent salary in 2015 Given the details above:

Salary in 1931 × (CPI for year 2(2015)/ CPI for year 1(1931))

$75,000 × ( 237 / 15.2)

= $75,000 × 15.592105

= $1,169,407.8

= $1,169,408

You might be interested in
A sales training workshop devoted to communicating the importance of obtaining marketing information from customers would be aim
stich3 [128]

Answer:

the considerate.

Explanation:

The considerate -

According to english language , the meaning of considerate is being very polite , calm and caring.

Hence, from the scenario of the question,  

The salespeople need to adapt considerate , i.e. tries to be calm and compose , in order to sell their product , which act as their strategy of selling the product.

Hence,

The correct term is the considerate.

4 0
3 years ago
Lindley Corp.'s stock price at the end of last year was $33.50, and its book value per share was $25.00. What was its market/boo
tino4ka555 [31]

Answer:

C. 1.34

Explanation:

Lindley Corp.'s stock price at the end of last year was $33.50, and its book value per share was $25.00. What was its market/book ratio?

To calculate the ratio:

stock price at the end of last year was $33.50 divided by value per share of $25.00

= 33.50/25.0

= 1.34

6 0
3 years ago
On January 1, Applied Technologies Corporation (ATC) issued $550,000 in bonds that mature in 10 years. The bonds have a stated i
I am Lyosha [343]

Answer:

1. $550,000

Explanation:

1. It is given in the question that the stated interest rate and the market interest rate both are having the same rate, i.e, 12%.

Hence, the bonds are issued at the face value that is $550,000.

2. The Journal entries are as follows:

(i) On January 1,

Cash A/c      Dr. $550,000

To bonds payable               $550,000

(To record the bond issuance)

(ii) On December 31,

Interest Expense A/c   Dr.   $66,000

To cash A/c                                          $66,000

(To record the first interest payment on December 31 assuming no interest has been accrued earlier in the year)

Workings:

Interest expense = $550,000 × 12%

                             = $66,000

7 0
3 years ago
Which investment type typically carries the least risk?
AleksandrR [38]
The investment type that typically carries the least risk is saving account
7 0
3 years ago
The impairment rule for goodwill involves how many steps?(a)1(b)2(c)3(d)4
Kobotan [32]

Answer: 2 steps

Explanation: While calculating impairment of goodwill following steps should be taken :-

1.In the first step the fair value of the goodwill is compared with its carrying value.

2. In the second step, if the fair value comes to be lower than the carrying value, then it is concluded that there is an impairment and then it is computed accordingly.

7 0
3 years ago
Other questions:
  • GMC is considering launching a new line of hybrid diesel-electric SUVs. The heavy advertising expenses associated with the new S
    6·1 answer
  • Allise Industries manufactures and exports copper wiring to markets all over the world. It has adopted an advertising organizati
    13·1 answer
  • If omar company applies overhead to jobs on the basis of direct labor hours and job 3 took 120 hours, how much overhead should b
    12·1 answer
  • While viewing a webpage for outdoor gear, Phil noticed a graphic display advertising skateboards at low prices. When he clicked
    14·1 answer
  • Which job category is likely to deal with primarily supply chains
    6·1 answer
  • Companies can and often do use different costing methods for financial reporting and tax reporting. An exception to this is the:
    12·1 answer
  • Coca-Cola was primarily known for its core competencies in marketing, bottling, and distributing aerated drinks. However, with t
    9·1 answer
  • Russell Inc. had sales of $2,210,000for the first quarter of 2017. In making the sales, the company incurred the following costs
    11·1 answer
  • Burkhardt Corp. pays a constant $15.25 dividend on its stock. The company will maintain this dividend for the next 9 years and w
    5·1 answer
  • What signs of maturity were shown towards the end of Tall Girl? Movie
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!