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
andriy [413]
3 years ago
13

Consider golfers who led the PGA in winnings at different points in time. Note that the winnings are nominal figures (unadjusted

for inflation). Use the formula for converting nominal values into real values to convert the original U.S. dollar earnings of Nicklaus, Watson, and Woods ('00) to 2009 U.S. dollars. Using those figures, fill in the following table, making sure to round your responses to the nearest U.S. dollar.
Year Golfer Nominal Winnings U.S. Dollars ($) U.S. CPI (1983 = 100) Winnings in 2009 U.S. Dollars ($)
1973 Jack Nicklaus 308,362 44.4
1980 Tom Watson 530,808 82.4
2000 Tiger Woods 9,188,321 172.2
2009 Tiger Woods 10,508,163 214.5 10,508,163
List the four golfers in order from lowest inflation-adjusted winnings to highest.
Business
1 answer:
liberstina [14]3 years ago
6 0

Answer:

4. Tom Watson

3. Jack Nicklaus  

2. Tiger Woods

1.  Tiger Woods

Note: See the attached file for the calculation.

Explanation:

Note: The table in the question is merged. It has been rearranged in the attached file, and the calculation is done in the file using the conversion formula.

The formula for converting nominal values into real values can be stated as follows:

Real value for each year = (Base Year CPI ÷ Nominal Year CPI) × Nominal value for the year

Using after converting the gofers' earnings to 2009 U.S. dollars. we have the following ranks and figures:

4. 1980, Tom Watson = $1,381,776  

3. 1973, Jack Nicklaus = 1,489,722  

2. 2009, Tiger Woods = 10,508,163

1.  2000, Tiger Woods = 11,445,382  

Download xlsx
You might be interested in
Kenny you works with an IT company his company is about to launch new software in the market he has to ensure that his new softw
motikmotik

Answer

Hi,

Kenny is likely to have the job profile of a software developer

Explanation

A job profile defines the functions, accountabilities and requirements of a job position. In this case, Kenny is a software developer tasks with designing, installation, testing and maintenance of software systems. In this position, he has to ensure the software properly functions and meets the design standards that were agreed in the planning stages.

Good Luck!

7 0
3 years ago
In a command economy, Individuals fellow thir self-interest without government intervention True or False İf false, correct the
Ostrovityanka [42]

Answer:

False

Explanation:

In a command or planned economy, the factors of production are owned and controlled by the government.  The government makes all the significant economic decisions such as production, distribution, and pricing.  

The government prepares a central plan for the entire economy. The plan determines the production level, the goods and services to be produced, and their prices.  The central government employs all workers. The private sector does not exist.

8 0
3 years ago
A ticket to a concert costs $45. You have a ticket and can resell it for $75. Your opportunity cost of actually attending the co
Amanda [17]

Answer:

$75

Explanation:

7 0
2 years ago
The term _____ is defined as the activity, set of institutions, and processes for creating, communicating, delivering, and excha
lubasha [3.4K]

Answer:

Marketing

Explanation:

There are various explanations for the term Marketing. It is essentially a group of activities aimed at creating a valuable customer relationship. Unlike traditional approaches which planned their activities based on what the customers would buy, the Marketing approach takes decisions based on wht the customer wants/needs. It places customer at the center and all the activities revolve around them.

7 0
3 years ago
John borrows $10,000 for 10 years at an effective interest rate of 10%. He can repay the loan using the amortization method with
Ierofanga [76]

Answer:

The balance in the Sinking Fund immediately after repayment of the loan will be $2,133.19

Explanation:

Hi, John will pay the loan by paying the yearly interest and the rest is going to go to the sinking fund, so, if he has $1,627.45 and the annual interest of the loan are $1,000, he will be depositing $627.45 into the sinking fund for ten years. Therefore, the future value of the annual deposits of the sinking can be found by using the following formula.

FutureValue=\frac{A((1+r)^{n} -1)}{r}

Where:

A = equal annual savings into the sinking fund (that is $627.45)

r = effective rate of the sinking fund (14%)

n = 10 years

Everything should look like this.

FutureValue=\frac{627.45((1+0.14)^{10} -1)}{0.14}

Future Value=12,133.19

Now, this is the balance after 10 years, but remember that John has to pay the loan, which is $10,000 (not $11,000 because John pays the interest of the loan and then deposits the balance into the sinking fund). Therefore, the balance after repaying the loan is $12,133.19 - $10,000 = $2,133.19.

Best of luck.

8 0
4 years ago
Other questions:
  • What is one of the best ways to determine what kind of business you'll enjoy? A. Buy an established business. B. Create one rela
    13·2 answers
  • Less certain a cash flow, the ________ the risk, and ________ the present value of the cash flow. higher; lower lower; lower hig
    5·2 answers
  • Nysa works in an electricity distribution company’s customer service department. One day she gets a call from a customer who is
    14·2 answers
  • Management by walking around (MBWA) refers to an old strategy that results in ineffective upward communication. a practice in wh
    11·1 answer
  • One suggestion for effective teamwork is to resolve disputes _____.
    9·2 answers
  • The largest royalty for texas university endowment comes from which economic product?
    14·1 answer
  • Knox operates an electronics store as sole proprietor. On April 5, Knox was involuntarily petitioned into bankruptcy under the l
    5·1 answer
  • Shelby traveled to Mexico to a resort and took $100 in U.S. currency. When she exchanged it for pesos, she received A) 10.3 peso
    6·1 answer
  • Suppose that a decrease in the demand for goods and services pushes the economy into recession. What happens to the price level?
    14·1 answer
  • During Year 3, Rex Co. introduced a new product carrying a 2-year assurance-type warranty against defects. The estimated warrant
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!