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
Arada [10]
2 years ago
10

If you earned $10-an-hour in 2005 when the cpi was 100, and you earn $11-an-hour today when the cpi is 120, then your real wage

rate has _____ since 2005.
Business
1 answer:
Eva8 [605]2 years ago
4 0
The consumer price index, or cpi, has the following formula:

CPI =  \frac{Current \ Period \ Price}{Base \ Period \ Price} \ x \ 100

Let's compute the real base period price for the cpi today.

120 = \frac{11}{Base \ Period \ Price} \ x \ 100

Base Period Price = $9.2

Then, we compare the apparent with the real:

Real Base Period:  $11 - $9.2 = $1.8
Apparent Base Period: $11 - $10 = $1

Real > Apparent, thus your real wage rate has increased since 2005.
You might be interested in
For each of the following cash activities, choose the appropriate letter to match the activity with the internal control princip
Helen [10]

Answer:

A. Restrict access

C. Establish responsibility

D. Document procedures

B. Independently verify

Explanation:

A. Restrict access, as the password is set to address the cash register, that is a security is being provided, and this is because, there is a restricted access, for the safety purpose.

C. Establish responsibility - As the treasurer is held liable of making and receiving any checks, and that he is the person who shall monitor such things, related to transactions in checks.

D. Document procedures - since a list is prepared for the checks received in mail, it is mere preparation of records and documentation of what checks are received and what not.

B. Independently verify - Bank Reconciliation Statement is prepared to verify the transactions and match the balance in books with that of the bank pass book.

6 0
2 years ago
When a firm adopts new technology, it is customary for firms':
Anna35 [415]
I believe the answer is:

a. cost curves to shift upward
6 0
3 years ago
Read 2 more answers
What speeds up the flow of investment and wages in the circular flow of the free-market system? A. Fractional reserve banking B.
Paul [167]

Answer:

Antitrust Laws

Explanation: Apex

8 0
2 years ago
The entry to record the issuance of a note receivable is ______. Multiple choice question. debit Notes Receivable and credit Cas
nlexa [21]

The entry to record the issuance of a note receivable is debit Notes Receivable and credit Cash.

<h3>What is Note Receivable ?</h3>

A note receivable is an asset account tied to an underlying promissory note, which details in writing the payment terms for a purchase between a “payee” (typically a company, and sometimes called a creditor) and the “maker” of the note (usually a customer or employee, and sometimes called a debtor).

The journal entry for interest on a note receivable is to debit the interest income account and credit the cash account.

Notes receivable are a balance sheet item that records the value of promissory notes that a business is owed and should receive payment for. A written promissory note gives the holder, or bearer, the right to receive the amount outlined in the legal agreement.

Learn more about  Note Receivable on:

brainly.com/question/13781634

#SPJ4

5 0
2 years ago
You are considering a project with an initial cost of $4,600. What is the payback period for this project if the cash inflows ar
klio [65]
The correct answer is C, 2.89 years
3 0
2 years ago
Other questions:
  • What occurs over time as a result of inflation? Check all that apply. Interest becomes worth less money. The dollar’s value beco
    10·2 answers
  • Which branding strategy focuses on creating a credible green brand? multiple choice eco-branding environmental cost leadership s
    13·1 answer
  • Julio used when he set goals, developed action plans, reviewed progress and took corrective action as needed, and appraised perf
    13·1 answer
  • Define osmosis and predict the direction of water movement based on differences in solute concentrations.
    8·1 answer
  • A company has the following budget information: Sales: $118,800; COGS: $48,500; Depreciation expense: $1,500; Interest expense:
    12·1 answer
  • The primary goal of financial management is to: a. maximize current dividends per share of the existing stock.b. maximize the cu
    11·1 answer
  • Which one of the following is something to look for in identifying a company's culture? A. the atmosphere, spirit and character
    13·1 answer
  • Harris Company had checks outstanding totaling $15,400 on its May bank reconciliation. In June, Harris Company issued checks tot
    13·1 answer
  • What key features should you point out when demonstrating 2022 kicks’ efficient performance?.
    14·1 answer
  • The bank charged another company's check against our account. This would be included on the bank reconciliation as a(n)?
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!