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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

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The contractor proposed $x,xxx,xxx for manufacturing labor contemplating the following full time equivalent (FTE) for the three
Lady_Fox [76]

Answer:

$659,277

Explanation:

The computation of the manufacturing labor dollars per year over the three year period of performance is shown below:

For 3 year it is

= 3 × 1,800 hours × $31

= $167,400

For 4.5 years, it is

= 4.5 × 1,800 hours × $31 × 1.025

= $257,377.50

Foe 4 years, it is

= 4 × 1,800 hours × $31 × 1.025 × 1.025

= $254,499.50

So, the manufacturing labor dollars per year is

= $167,400 +  $257,377.50 + $254,499.50

= $659,277

4 0
3 years ago
In order for information to be meaningful, a firm’s accounting processes and procedures should be certified as accurate by accep
kipiarov [429]
Here is the correct answer that would best complete the given statement above. In order for information to be meaningful, a firm’s accounting processes and procedures should be certified as accurate by acceptable accounting standards so companies hire BOOKKEEPER PRIVATE ACCOUNTANTS <span>to provide unbiased opinions about the accuracy of a firm’s financial statements. Hope this is the answer that you are looking for. </span>
7 0
4 years ago
Who of the following is not included in the Bureau of Labor Statistics' "employed" category?
kozerog [31]

Answer:

c. those waiting to be recalled to a job from which they had been laid off

Explanation:

Employment need not mean to be employed under a citizen it basically means to be working and earning, whether under permanent contract or under temporary contract.

Being on vacation do not mean to be unemployed it basically means to be on temporary leaves, and that the leaves might or might not be paid.

Involving one self into family business is also employed.

But a person who is removed from job and then is waiting for a call is clearly unemployed.

7 0
3 years ago
National Art is a new business. During its first year of operations, credit sales were $40,000 and collections were credit sales
zmey [24]

Answer:

The ending balance of Allowance for Bad Debts account is $800

Explanation:

The computation of the ending balance of allowance for bad debt is shown below:

= Credit sales × uncollectible rate

= $40,000 × 2%

= $800

The estimated amount would be considered as an allowance for bad debts i.e $800, So no other amount would be come while computing the ending balance of Allowance for Bad Debts account.

However, the other information which is given in the question is not relevant. Hence, ignored it

6 0
3 years ago
Craig, one of the senior managers at Clayton Inc., insisted that company supervisors handle employee relations as part of their
Alekssandra [29.7K]

Answer:

The supervisors represent the company on a day-to-day basis.

Explanation:

Craig said that the supervisors take employee relations as part of their jobs.

The option that buttresses this is that supervisors represent the company on a day-to-day basis. Meaning the supervisors as owners of the company, and as if they have a stake. Supervisors taking ownership presupposes they perform tasks like handling employee relations to ensure the business and the employee work harmoniously.

5 0
3 years ago
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