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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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sergij07 [2.7K]

Answer: $2.6 per unit.

Explanation:

Given that,

Tons of cement produced and sold = 225,000

Sales revenue = $1,035,000

Variable manufacturing expense = $421,000

Fixed manufacturing expense = $280,000

Variable selling and administrative expense = $29,000

Fixed selling and administrative expense = $220,000

Net operating income = $85,000

Sales price per unit:

= \frac{Sales\ revenue}{total\ cement\ produced\ and\ sold}

= \frac{1,035,000}{225,000}

= $4.6 per unit

Variable cost per unit:

= \frac{Variable\ manufacturing\ expense\ + Variable\ selling\ and\ administrative\ expense}{total\ cement\ produced\ and\ sold}

= \frac{421,000 + 29,000}{225,000}

= $2 per unit

Contribution margin = Sales price per unit - Variable cost per unit

                                  = $4.6 - $2

                                  = $2.6 per unit

4 0
3 years ago
Find an example of a large project that took more than a year to complete, preferably one near where you live. Describe some of
Anvisha [2.4K]
The starting point in discussing how projects should be properly managed is to first understand what a project is and, just as importantly, what it is not.
People have been undertaking projects since the earliest days of organized human activity. The hunting parties of our prehistoric ancestors were projects, for example; they were temporary undertakings directed at the goal of obtaining meat for the community. Large complex projects have also been with us for a long time. The pyramids and the Great Wall of China were in their day of roughly the same dimensions as the Apollo project to send men to the moon. We use the term “project” frequently in our daily conversations. A husband, for example may tell his wife, “My main project for this weekend is to straighten out the garage.” Going hunting, building pyramids, and fixing faucets all share certain features that make them projects. So the correct answer is: please help :)
3 0
3 years ago
There is an 80/20 rule in sales that ___ eighty percent of a company’s sales come from twenty percent of their customers. Theref
Mnenie [13.5K]

Answer:

The correct word for the blank space is: states.

Explanation:

Italian economist Vilfredo Pareto (<em>1848-1923</em>) proposed the 80/20 rule in which he explains 80% of the effects of anything are the result of 20% of the causes of something. When applied to the sales world, it implies 80% of an individual sales come from only 20% of the individual's customers.

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3 years ago
The difference between the willingness to pay for a good and the price that is paid to get it is
JulijaS [17]

Answer:

Consumer surplus

Explanation:

The consumer surplus is a measure of the difference between the price a consumer is willing to pay for a unit of a product and the price they actually pay for that product unit.

If a consumer is willing to to pay a higher amount than the actual selling price of a product, it is deduced that the consumer surplus for that product, is higher than if the consumer were charged for the product at his highest willingness point to pay.

5 0
3 years ago
Although the federal reserve had traditionally made discount loans only to commercial banks, in response to the financial crisis
irina1246 [14]

Although the federal reserve had traditionally made discount loans only to commercial banks, in response to the financial crisis in 2008 the fed made primary dealers eligible for discount loans as well.

The U.S. central banking system—the Fed, or the Federal reserve—is the foremost powerful economic establishment within the us, maybe the planet. Its core responsibilities embody setting interest rates, managing the cash offer, and control financial markets.

The Global Financial Crisis of 2008-2009 is widely stated as “The great Recession.” It began with the housing market bubble, created by an overwhelming load of mortgage-backed securities that bundled high-risk loans.

To learn more about Federal reserve here

brainly.com/question/23247429

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5 0
2 years ago
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