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
solmaris [256]
3 years ago
10

I really don't want to cheat, I want a full explanation of how you got the answer so that I can understand. The course material

didn't go over things:
1) Compare a pay increase to the inflation rate. Assume that the inflation rate for the past year was 4 percent. You are worried that your pay is not keeping pace with your cost of living. Your average net pay this year is $2,225 per month. It was $2,176 last year. Based on this information, your average net pay per month increase is _______


2) Compare a pay increase to the inflation rate. Assume that the inflation rate for the past year was 4 percent. You are worried that your pay is not keeping pace with your cost of living. Your average net pay this year is $2,225 per month. It was $2,176 last year. Based on this information, your average net pay per month increased ______ %. (Round your answer to one decimal place.)
Business
1 answer:
gayaneshka [121]3 years ago
6 0

Answer:

1. The average net pay per month increase is $49.

2. The average net pay increase per month is 2.3%.

This question asks us to compare the pay increase to inflation rate.

In order to make this comparison, we need to first determine the average monthly pay increase in dollars.

We calculate that by:

Monthly pay increase in dollars = This year's monthly pay - Last year's monthly pay

Monthly pay increase in dollars = 2225 - 2176 = 49

Next we determine the rate at which the monthly average increased.

We use the following formula to calculate this:

Percentage increase in net pay = \frac{Increase in average monthly pay}{Last year's average monthly pay} * 100

Percentage increase in net pay per month = \frac{49}{2176} * 100

Percentage increase in net pay per month is 2.3%.

We then compare the increase in pay per month to the inflation rate.

If the increase is pay is equal to or greater than the inflation rate, the pay is keeping pace with the cost of living. If the pay rise is less than the inflation rate, the pay is not keeping pace with the cost of living.

You might be interested in
Frankie's Chocolate Co. reports the following information from its sales budget: Expected Sales: July $ 90,000 August 110,000 Se
Cerrena [4.2K]

Answer:

$112,500

Explanation:

                                                 July       August         September  October

Credit Sales(90000*75%)       67,500  

                   (110,000*75%)                       82,500

                   (120,000*75%)                                          90,000

Cash Sales (120,000*25%                                            30,000

<em>Total Cash expected to be collected in September will be;</em>

Credit Sales of August      $82,500

Cash  Sales of September $30,000

Total cash expected to be collected in September =$112,500

4 0
3 years ago
Read 2 more answers
The best way to limit competition is to: Choose one: A. control a resource that is essential in the production process. B. lobby
zloy xaker [14]

Answer:

A. control a resource that is essential in the production process.

Explanation:

When the crucial resource is required to make a product, then the restrictions on such resource would not allow, many people to enter in such business.

Also that the resources will be restricted in some or other manner, its price will increase accordingly the cost of producing such article would also increase.

As the cost of production will increase only producers with a high budget and resources in terms of finance will chose it.

5 0
3 years ago
In order to implement a cost-leadership strategy effectively, a ________ structure is preferred in a firm. functional and organi
Delvig [45]
In order to implement a cost-leadership strategy effectively, a <span>functional and mechanistic</span> structure is preferred in a firm. The cost leadership strategy in business was developed by Michael Porter regarding competitive advantage. The ultimate goal is to achieve the lowest cost of manufacturing and operating your product within the industry. 

8 0
3 years ago
Read 2 more answers
What should you do if your manager has to leave the office to attend to personal business? A. Let the call go directly to voicem
IRINA_888 [86]
Best answer is that I can think of is probably C
4 0
3 years ago
Read 2 more answers
Tobiaz, inc., a private firm, wants to create a survey program similar to the Uniform Crime Reporting Program/National incident-
olchik [2.2K]

Answer:

C, they analyze police reports about crimes reported by victims

Explanation:

Option A is wrong because is disregard hard crimes that conducted by blue-collar people (such as theft, store robbery, or even gang attacks).

Option B and D are wrong because 'Potential' victims do not always translate to actual victims, This will make the data that collected by the firm become misleading. They wouldn't find out the type of crimes that often happen in real life and wouldn't be able to design a proper solution for them.

Option C is the best choice from the available options. Even though it's not perfect. There are a lot of crimes that often goes unreported by the victims (such as domestic abuse)

4 0
3 years ago
Other questions:
  • Based on an annual disposable income of $40,000, calculate the average amount o money a person would save in japan; in the unite
    11·1 answer
  • A business’s total revenue for a specified period is $500,000, its operating expenses are $50,000, and its net profit if $150,00
    6·1 answer
  • Many accounting professionals are skilled in financial analysis, but most are not skilled in manufacturing. This is especially t
    5·1 answer
  • In two to three sentences, describe the nonverbal communication in the photo below and whether it is effective or ineffective.
    14·1 answer
  • A company purchased property for $100,000. The property included a building, a parking lot, and land. The building was appraised
    14·1 answer
  • Principal Printing produces custom labels and stationery for companies. In conducting CVP analysis of its Personalized Package,
    6·1 answer
  • The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society
    11·1 answer
  • What is the acronym of MHA​
    14·2 answers
  • Compared to working without a buyer agency agreement, a buyer who works under a buyer agency agreement ____________.
    5·1 answer
  • The process through which a product or service takes root initially in simple applications at the bottom of a market and then mo
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!