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Alexxandr [17]
3 years ago
14

Suppose the median household earned $9,242 in 1976 and $52,624 in 2016. During that time, also suppose the CPI rose from 45.6 to

219.75. Instructions: Enter your answer as a percentage rounded to one decimal place.
a. The total growth rate in nominal median household income from 1976 to 2016 was
b. The total growth rate in real median household income from 1976 to 2016 was
Business
1 answer:
Mekhanik [1.2K]3 years ago
4 0

Answer:

a) 469.40%

b) 18.15%

Explanation:

a)

Total nominal growth rate = (\frac{\textup{Earned income in 2016}}{\textup{Earned income in 1976}}-1)\times100\%

thus,

Total nominal growth rate = (\frac{\textup{52,624}}{\textup{9,242}}-1)\times100\%

= 469.40%

b) Total real growth rate = (\frac{\textup{Real earned income in 2016}}{\textup{Real earned income in 1976}}-1)\times100\%

now,

Real earned income in 1976 = \frac{\textup{Earned income in 1976}}{\textup{CPI in 1976}}

=  \frac{\textup{9,242}}{\textup{45.6}\%}

= $20,267.54

and,

Real earned income in 2016 = \frac{\textup{Earned income in 2016}}{\textup{CPI in 2016}}

=  \frac{\textup{52,624}}{\textup{219.75}\%}

= $23,947.21

Therefore,

Total real growth rate = (\frac{\textup{23,947.21 }}{\textup{20,267.54 }}-1)\times100\%

= 18.15%

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Metro Inc. has two production departments (Lamination and Molding) and three service departments (Human Resources, Technology Su
eimsori [14]

Answer:

Lamination= $50,000

Explanation:

Giving the following information:

Metro Inc. has two production departments:

Lamination and Molding

Three service departments:

Human Resources, Technology Support, and Purchasing.

The $200,000 costs of Human Resources are allocated based on the number of employees in each production department.

The Lamination department has 40 employees.

The Molding department has 120 employees.

Proportion of employees:

Lamination= 40/160= 25%

Molding= 120/160= 75%

Allocation:

Lamination= 200,000*0.25= $50,000

Molding= 200,000*0-75= $150,000

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3 years ago
How can you create a personal budget
Alisiya [41]
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Um Corporation has provided the following information concerning its raw materials purchases. The budgeted cost of raw materials
Zepler [3.9K]

Answer:

$171,619.20

Explanation:

Calculation to determine what The budgeted accounts payable balance at the end of November is closest to:

Using this formula

Budgeted accounts payable balance= Budgeted cost of raw materials purchases in November -(Budgeted cost of raw materials purchases in November*Raw materials purchases in the month of purchase percentage)

Let plug in the formula

Budgeted accounts payable balance=$286,032 - ($286,032*40%)

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Budgeted accounts payable balance= $171,619.20

Therefore The budgeted accounts payable balance at the end of November is closest to:$171,619.20

4 0
3 years ago
Which of the following antitrust acts would make it illegal for a board member of Microsoft to sit on the board of Apple?
saw5 [17]
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The optimal solution to a linear programming model that has been solved using the graphical approach:______.
wlad13 [49]

Answer:

Option d would be the appropriate choice.

Explanation:

  • At either the vertices including its continuum that ranges exist the optimal solutions towards linear programming challenges. Throughout this instance, the feasible area is just the section between some of the blue as well as red sections of the green map.
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Some other choices don't apply to the specified situation. So, the best one is the one mentioned.

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