Answer:
it take 29.23 years, my salary to double.
Explanation:
To make the salary double I have to increase the value of salary by 100%. If inflation rate is 2.4 percent per year and salary increase the same rate the time period to make it double can be calculated as follow.
As every year 2.4% has compounding effect, so we will use compounding formula to solve this problem.
Target value = Existing value ( 1 + growth rate )^time period
200% = 100% ( 1 + 2.4% )^n
2 = 1 ( 1 + 0.024 )^n
2 = 1 ( 1.024 )^n
2 = 1.024^n
Taking log on both sides to solve the n
Log 2 = n Log 1.024
n = Log 2 / Log 1.024
n = 29.23 years
I will take 29.23 year to double the salary
Answer:
a) If bribes cost $1,000 each, how much will a housing inspector make each year in bribes?
So, if the corrupt inspector approves two newly built structures each week, ti means that he is bribed twice per week. There are 52 weeks in a year, so he gets a total of 104 bribes (52 x 2). If each bribe costs $1,000, then he makes a total of: $1,000 x 104 = $104,000 in bribes per year.
c) Corrupt officials may have an incentive to reduce the provision of government services to help line their own pockets.
This statement is true. Corrupt officials will want to have private companies they can obtain bribes from provide government services. It increases the probability of them making money from bribes.
d) What if reducing the number of inspectors from 20 to 10 only increased the equilibrium bribe from $1,000 to $1,500?
Reducing the number of inspectors in hafl means that each inspector now gets twice the bribes. Because the equilibrium price did not double as did the quantity of bribes, each inspector will make less money than expected, but they will still the incentive to collect all the four bribes per week.
Answer:
C
Explanation:
This is an example of an externality, because the very existence of the building affects the cash flow for any new project that Rowell might consider.
Answer:
<u>DM variances:</u>
Price 2650
Quantity -4,800
<u>Labor Variances:</u>
Rate:-2,000
Efficiency 1400
Explanation:
<u>DM variances:</u>
Price
(std - actual) x actual quantity
(2.4 - 2.2) x 13,250 = 2,650
Quantity
(standard quantity - actual quantity) x std price
(7.5x1,500 - 13,250) x 2.4 = -4,800
<u>Labor Variances:</u>
Rate:
(std rate - actual rate) x actual hours
(7 - 9) x 1,000 = -2,000
actual rate = actual cost/actual hours = 9,000/1,000 = 9
Efficiency
(std hours - actual hours) x std rate
(1,500 x 0.8 - 1,000) x 7 = 1400
Answer:
The Home owner commenced the action in a state A court ( C )
Explanation:
The Defendant ( the contractor) can decide to transfer the case from a state court to a federal court within the same state in which the case was filled by the The home owner if the federal court has the Jurisdiction to rule on the case
Since the contract was signed in state A under the laws of the state the case is definitely a state case and the Homeowner's move to remand the case to a state court with the argument that the Federal court lacks proper Jurisdiction is in order. The court decision on the matter will be based on the fact that the Homeowner commenced the action in a state A court where the contract was signed.
