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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.

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Hii! I got a question, if a brainly expert or tutor can answer that would be great!
kupik [55]

Answer:

As an Ambitious member, you're climbing your way up the Brainly ranks one great answer at a time! The rank after Expert is Ace! And it just depends on the level you are on. On expert, you have to have 10 Brainlist to get to Ace. Then you have to have 50 Brainlist to reach the level after!

Explanation:

Hope this helped! :)

Have a good day!

5 0
3 years ago
a While troubleshooting a problem, you realize the problem is caused by a complex series of issues that will affect a large numb
Jet001 [13]

The next step to undertake in the troubleshooting process is:

  • To document the incident

<h3>What is Troubleshooting?</h3>

This refers to the various ways through which a person assesses a problem and eliminates them.

In the troubleshooting process, we can see that there are various processes which includes: Information gathering, analysis, implementation, etc.

However, as the problem is caused by complex issues, it is best to document the incident so that it can be more carefully analysed.

Read more about troubleshooting here:
brainly.com/question/25953942

8 0
3 years ago
If anderson applies the initial value method in accounting for kenneth, what is the consolidated balance for the equipment accou
Xelga [282]

If Anderson applies the initial value method in accounting for Kenneth, the consolidated balance for the Equipment account as of December 31, 2021 will be $1,104,000.

Excess amortizations: (120,000 - 90,000 = 30,000/10 = 3,000 per year).

2021 Balance Goehler BV 975,000 + Kenneth BV 105,000 + Fair value adjustment 30,000 - amortization for 2017 and 2018 (3,000 × 2) = 1,104,000

What is Equipment account?

Equipment is a long-term asset account that records the cost of the equipment and is noncurrent. The income statement account will be debited for equipment depreciation over the course of its useful life Depreciation Expense and crediting the balance sheet account Accumulated Depreciation.

A company's usage of equipment as a type of fixed asset is recorded on the balance sheet under the line item "property, plant, and equipment" in the long-term assets section. Equipment is capitalized rather than immediately expensed when it is bought and put into operation. This makes sense given that these are regarded as concrete, long-term assets that help the company over a considerable amount of time. The cost of the assets is then written down throughout the duration of the machinery's useful life.

To know more about asset refer:

brainly.com/question/14404094

#SPJ4.

Disclaimer- The question was incomplete. Check below the full question.

Anderson Inc. acquires all of the voting stock of Kenneth, Inc. on January 4, 2020, at an amount in excess of Kenneth's fair value. On that date, Kenneth has equipment with a book value of $90,000 and a fair value of $120,000 (10-year remaining life). Anderson has equipment with a book value of $800,000 and a fair value of $1,200,000 (10-year remaining life). On December 31, 2018, Anderson has equipment with a book value of $975,000 but a fair value of $1,350,000 and Kenneth has equipment with a book value of $105,000 but a fair value of $125,000.

If Anderson applies the initial value method in accounting for Kenneth, what is the consolidated balance for the Equipment account as of December 31, 2018?

3 0
1 year ago
Clarence and Clay are partners who share income in the ratio of 2:3 and have capital balances of $50,000 and $30,000, respective
valentinak56 [21]

Answer: $44,400

Explanation: step by step explanation.

1. Change in old partner's account is done by calculating the total of the old partners' balances plus the amount contributed by the new partner. That is

$50,000 + $30,000 + $30,000 = $110,000).

2. Multiplied the total by the percent given to the new partner. That is $110,000 × .40 = $44,000.

Compared amount paid by the new partner. That is

$44,000 - $30,000 = $14,000

4. If the amount paid is less than the new calculated partner percent, the difference is allocated to old partner accounts based on the old profit-sharing ratio. That is

$14,000 × 2/5 = $5,600

5. Take the old partners' capital balance and subtract the calculated change. That is

$50,000 - $5,600 = $44,400

7 0
3 years ago
What is the effect of wordsworth’s use of the word company in this passage? the word shows that the speaker does not feel lonely
nadezda [96]

The effect of Wordsworth’s use of the word company in this passage is: The word shows that the speaker does not feel lonely when he is surrounded by daffodils.

<h3>What is company?</h3>

Company means to be around people or to be around of people or someone that makes you happy and keep you company.

Wordsworth’s using the word company signifies that the speaker is  not lonely whenever daffodils are around him.

Therefore the correct option is A.

Learn more about Wordsworth’s here: brainly.com/question/2496650

#SPJ4

7 0
2 years ago
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