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2 years ago

A report found that the real entry-level wage for college graduates declined by 6 percent between 2003 and 2010.

Business

1 answer:

S_A_V [24]2 years ago

7 0

Answer: The answer is as follows:

Explanation:

Given that,

Real entry-level wage declined by 6% between 2003 and 2010

2010 Nominal Entry-Level Wage = $13.50

2010 CPI = $170.2

2003 CPI = 142.5

(a) Real entry wage in 2010 = $\frac{2010\ Nominal\ entry\ level\ wage}{2010\ CPI}$

= $\frac{13.50}{170.2}$

= $7.93

The 2010 Real entry-wage level is $7.93

2010 real wage declined by 6% from 2003

( b) The 2003 real entry-wage level is $8.43

Therefore, real entry-level wage in 2003 = $\frac{7.93}{94%}$

= $8.43

= $8.43 \times \frac{142.5}{100}$

= $12.01

The 2003 nominal entry-wage is $ 12.01

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The corporate charter of Luney Corporation allows the issuance of a maximum of 100,000 shares of common stock. During its first

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Answer:

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Explanation:

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maximum shares of common stock = 100,000

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solution

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2 years ago

If a seller in a competitive market chooses to charge more than the going price, then:

attashe74 [19]

Answer:

d. buyers will make purchases from other sellers

Explanation:

In the perfect competition structure producers have no power to change prices, as goods are homogeneous. Thus, since products are the same, if the producer raises the price, consumers will consume with other sellers.

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2 years ago

Cooke Company incurs $4 per unit of variable selling and administrative expense and $50,000 per month in fixed selling and admin

Lynna [10]

Answer:

Selling and administrative expense = $242000

so correct option is c. $242,000

Explanation:

given data

variable selling and administrative expense = $4 per unit

fixed selling and administrative expense = $50,000 per month

depreciation = $12,000

Cooke produced = 50,000 units

sold = 48,000 units

to find out

What amount would Cooke include for selling and administrative expense

solution

we get here variable selling and administrative expense will be here as

Variable selling and administrative expense = variable selling and administrative expense × sold ...................1

put here value we get

Variable selling and administrative expense = $48000 × $4

Variable selling and administrative expense = $192000

and Fixed selling and administrative expense is = 50000

Selling and administrative expense income statement is

Selling and administrative expense = $192000 + $50000

Selling and administrative expense = $242000

so correct option is c. $242,000

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2 years ago

Wildhorse Co. incurred research and development costs in 2018 as follows:

vazorg [7]

Answer:

d. $2,950,000

Explanation:

The computation of amount of research and development costs charged is shown below:-

Amount of research and development costs = Direct materials + Personnel cost + Consulting fee paid to outsiders + Indirect costs + Depreciation

= $995,000 + $795,000 + $345,000 + $270,000 + $545,000

= $2,950,000

Therefore for computing the amount of research and development costs we simply applied the above formula.

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