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
MatroZZZ [7]
3 years ago
10

Assume in 2016 that your income was $50,000 and in 2017 your nominal income increased to $70,000. If the CPI changed from 100 to

110, then your real (purchasing power) income _______________?.
Business
1 answer:
Andrej [43]3 years ago
8 0

Answer:

$55,000

Explanation:

Data provided in the question:

Income in 2016 = $50,000

Nominal income in 2017 = $70,000

CPI in 2016 = 100

CPI in 2017 = 110

Now,

Purchasing power in 2017 = [ CPI of 2017 ÷ CPI of 2016 ] × Income in 2016

or

Purchasing power =  [ 110 ÷ 100 ] × $50,000

or

Purchasing power = 1.1 × $50,000

or

Purchasing power = $55,000

You might be interested in
The detailed formulation of future actions to achieve a particular end is a management activity called_________
Ann [662]

Answer:

Planning

Explanation:

Planning is one of the 4 planning process functions. Other functions are organizing, leading and controlling. Planning is the primary function as it lays out the action plan that needs to be implemented to achieve organizational goals and objectives. Planning involves foreseeing the future and identifying different ways to achieve the predetermined objectives. It is one of the important functions of management as all other functions are dependent on this function.

7 0
3 years ago
Gary lives in an area that receives high rainfall and thunderstorms throughout the year. Which device would be useful to him to
jekas [21]

What are the options?
6 0
3 years ago
Read 2 more answers
An approach to combining risk identification, risk assessment, and risk appetite into a single strategy. is known as risk protec
Bad White [126]
If this is for apex it should be D

8 0
3 years ago
n January​ 1, 2018, Waller Sales issued $ 20 comma 000 in bonds for $ 18 comma 300. These are eightminusyear bonds with a stated
spayn [35]

Answer:

$18,106.25

Explanation:

For computing the carrying value of the bonds , first we have to determine the discount amortization for 8 years which are shown below:

= (Issued amount - proceeds from the bonds) ÷ time period

= ($20,000 - $18,300) ÷ 8 years × 2 years

= $106.25

Now the carrying value would be

= Proceeds from the bonds + discount amortization for 8 years  

= $18,000 + $106.25

= $18,106.25

Since the time period is 8 which are paid in semi-annual so we double the time period

8 0
3 years ago
Marketing research is the process of defining a marketing problem and opportunity. True or False
maxonik [38]

Answer:

TRUE

Explanation:

Market research is the process of defining a marketing problem and opportunity by systematically collecting and analyzing data received, and then giving recommended actions. It involves gathering data about the target market needs, and analyzing such data to determine the need of the target market. It is a process that involve evaluating the possibilities of a new product success through research.

3 0
3 years ago
Other questions:
  • Example 1: Your manager enters your office with receipts from a restaurant and bar and asks for reimbursement. The manager claim
    12·1 answer
  • Fugazi City College sold season tickets for the 2015 football season for $240,000. A total of 8 games will be played during Sept
    14·1 answer
  • What is market saturation?
    10·2 answers
  • On January 1, 2017, Panther, Inc., issued securities with a total fair value of $564,000 for 100 percent of Stark Corporation's
    11·1 answer
  • Mortgages, loans taken to purchase a property, involve regular payments at fixed intervals and are treated as reverse annuities.
    14·1 answer
  • Themarketpriceofasecurityis$50.Itsexpectedrateofreturnis14%.Therisk-freerateis6%, and the market risk premium is 8.5%. What will
    11·1 answer
  • A manager striving to improve organizational ___________ is accomplishing tasks that help achieve organizational objectives. a.
    15·1 answer
  • The belief that the money supply is the most important factor in macroeconomic performance is _____.
    5·1 answer
  • The Blossom Company has disclosed the following financial information in its annual reports for the period ending March 31, 2017
    8·1 answer
  • A(n) _____________ assists in decision-making by considering the product/service, market, industry, and financial data.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!