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
kirza4 [7]
3 years ago
12

Megan's salary for three consecutive years, along with other values, are presented in the table below.Year

Business
1 answer:
garik1379 [7]3 years ago
3 0

Answer:

242.65

Explanation:

Data provided in the question:

year                                       2011          2012          2013

Salary                                 $65,000   $72,000    $76,000

Consumer Price Index          226           230            235

Real Interest Rate                 2.5%          2.7%           1.8%

Nominal interest rate for 2013 = 7.3%

Now,

Rate of inflation for 2013 = Nominal rate - Real rate

= 7.3% - 1.8%

= 5.5%

Therefore,

CPI in 2013 = Consumer Price Index in 2012 × (1 + inflation )

= 230 × ( 1 + 0.055 )

= 242.65

You might be interested in
Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Ja
Sedbober [7]

Answer:

Variable cost per unit= $1.5

Fixed costs= $2,000

Explanation:

Giving the following information:

Miles Driven Total Cost

January 10,000 $17,000

February 8,000 13,500

March 9,000 14,400

April 7,000 12,500

<u>To calculate the variable and fixed costs under the high-low method, we need to use the following formula:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (17,000 - 12,500) / (10,000 - 7,000)

Variable cost per unit= $1.5

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 17,000 - (1.5*10,000)

Fixed costs= $2,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 12,500 - (1.5*7,000)

Fixed costs= $2,000

5 0
3 years ago
If the expected return generated by a financial asset is greater than what is required for compensating the asset's risk, the de
Elis [28]

Answer:

False

Explanation:

Arbitrage refers to buying and selling stocks, commodities, bonds, currencies, or any other type of security. This process is carried out simultaneously, and a profit is made when the purchase price is lower than the selling price. E.g. a trader that purchases gold from a European seller and immediately sells it to an Asian buyer at a slightly higher price.

As technology advances, arbitrage has become more difficult to carry out because information is available to everyone. Before, a company could purchase a good (e.g. beef) in Texas and sell it at a higher price to a buyer in New York.

4 0
3 years ago
What effect does the availability of many substitutes have on the elasticity of demand for a good?
zepelin [54]
The availability of many substitutes increases the elasticity of demand for a good. With the presence of substitutes the consumer has more options to seek out if there are price changes, therefore, the consumer is highly responsive to price changes and thus the elasticity of the demand curve is higher if there are many substitutes. 
4 0
3 years ago
What is significant about the absolut vodka company in the context of advertising?.
8_murik_8 [283]
The very first ad, ABSOLUT PERFECTION, established the meme of wrapping visual and verbal puns around simple, striking imagery. Absolut became an iconic bottle when it piqued the interest of Andy Warhol, who created Absolut's famous print campaign in 1986
7 0
2 years ago
Read 2 more answers
In the area of threats to computer systems, electromechanical problems are examples of ________.
Citrus2011 [14]
In the area of threats to computer systems, electromechanical problems are examples of errors and accidents.

Examples of these errors and accidents are phishing and sending our e-mails that people believe to be sent from a source they can trust when that is not the case. Both of these examples can harm the computer and the information they are able to retrieve from hacking can be threatening. They can also take over your computer by hacking it once you click any of the e-mails sent. 

4 0
3 years ago
Other questions:
  • has acquired several other companies. Assume that Patton purchased Kate for $ 6 comma 000 comma 000 cash. The book value of Kate
    9·1 answer
  • We associate the term debt finance with a. the bond market, and we associate the term equity finance with the stock market. b. t
    6·1 answer
  • The discovery of a large oil deposit off a nation's shores would be what type if economic variable?
    13·2 answers
  • Interim financial statements: are always prepared before any adjustments have been recorded. show the assets above the liabiliti
    12·1 answer
  • Sheffield Corp. has 285,000 shares of $8 par value common stock outstanding. It declares a 13% stock dividend on December 1 when
    10·1 answer
  • "If our company achieves a high level of relational coordination, what can we expect in terms of employee behavior?" Check all t
    5·1 answer
  • At January 1, 2017, Benny Enterprises reported a balance in the Equipment account of $45,000. During the year the company purcha
    5·1 answer
  • Pleas help!! Please!!!
    7·1 answer
  • What is the maximum amount of new loans the bank could lend with the given amounts of reserves?
    15·1 answer
  • Which system supports business processes end to end? group of answer choices management system accounting system enterprise syst
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!