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3 years ago

Why do police officers get paid less than professional baseball players?

1 answer:

7 0

This comes down to a little economic theory called supply and demand the idea is that if there is a lot of something in the supply is greater than the demand in the price will be low for police officers there are more than enough people is smart enough and fit in rk for that kind of money so the pay and benefits out for police officers tends to drop until the people you want pay rises until you reach a point where you can just barely keep in recruit the officers you need baseball players bass players are premium level athletes at this level there is always a shortage of the very best players so you have to pay enough to attract the best and keep them all MLAB players are by definition very best and they would be in the minors otherwise so they can command big money and even bigger salaries are available for the stars of the game!

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How much would $100, growing at 5% per year, be worth after 75 years? a. $4,077.43 b. $4,281.30 c. $3,883.27 d. $3,689.11 e. $4,

Zielflug [23.3K]

Answer:

The answer is c. $3,883.27

Explanation:

For the problem, we will be using the formula for calculating the Future Value of money, which is:

$F= P(1+r)^{n}$

Where:

F - future value

P - Principal amount = ($100)

r - rate of growth in percent = (5% or 0.05)

n - number of years = (75)

We calculate thus:

$F = 100(1 + 0.05)^{75}$

$F$ = $100(1.05)^{75}$

$F = 100 X 38.8327$

$F = 3,883.27$

therefore the amount after 75 years will be $3,883.27

5 0

2 years ago

In May 2009, General Motors started closing 2,600 of its retail outlets and finally filed for bankruptcy in June. It emerged fro

harina [27]

Reorganization

<u>Explanation:</u>

Revamping may allude to the restoration of an organization's funds as per a liquidation. It can likewise allude to any procedure that influences the duty structure of an organization. Furthermore, revamping may allude to a merger or obtaining or offer of an organization that changes the proprietorship, stock, or lawful and the executive's structure.

The redesign is a conventional court-managed procedure of rebuilding an organization's funds after chapter 11. As per insolvency laws, explicitly Chapter 11, an organization is given security from lenders during the timespan when the organization proposes and a liquidation court audits and affirms a particular revamping plan. The rearrangement is planned to reimburse lenders to the most extreme degree conceivable and to rebuild the organization's accounts, the executives, and tasks to keep a similar issue from emerging once more.

8 0

3 years ago

Crane Roofing is faced with a decision. The company relies very heavily on the use of its 60-foot extension lift for work on lar

Novay_Z [31]

Answer:

The company should replace the equipment.

Explanation:

The cost analysis is calculated as follows;

Retain Replace Net Income

Equipment Equipment Increase (Decrease)

Operating expenses $146,400 0 $146,400

($24,400*6)

Repair costs $39,000 0 $39,000

Rental revenue 0 -$60000 $60,000

($10,000*6)

New machine cost 0 $166,500 -$166,500

Sale of old machine 0 -$24,500 $24,500

Total cost $185,400 $82,000 $103,400

From the calculation above, the equipment should be replaced as it incur a lesser cost compare to when it is retained.

8 0

3 years ago

White Company's wages payable account had a beginning balance of $3,757 and an ending balance of $2,070. During the year, wages

borishaifa [10]

Answer:

the amount paid during the year is $16,875

Explanation:

The computation of the amount paid during the year is shown below:

Opening Balance $3,757

Add: Wages expense $15,188

Less: Closing Balance -$2,070

Amount Paid $16,875

Hence, the amount paid during the year is $16,875

We simply applied the above formula so that the correct value could come

And, the same is to be considered

7 0

3 years ago

_______________________:The selling of goods and services produced in one country to another country.

melamori03 [73]

What Is an Export? By definition, exports are a function of international trade whereby goods produced in one country are shipped to another country for future sale or trade. Exports are a crucial component of a country's economy, as the sale of such goods adds to the producing nation's gross output.

6 0

3 years ago