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Vesnalui [34]
3 years ago
8

James smith makes 65,000 per year as an editor for a publisher. He was notified of a 1.5% raise in a year in which the CPI incre

ased by 4%. find the gain or loss in his purchasing power. showwork
Business
1 answer:
iren [92.7K]3 years ago
3 0

Answer:

loss = - 672.3 ....

explanation

According to the given statement John was notified of a 3.3% raise in a year. It shows the income increases.

Raise in a year = 3.3% =0.033

Raise = old income * 0.033 = 63,800*0.033 =$ 2105.4

New income = $63,800 + $ 2105.4 = $65905.4

Now the statements states that CPI index increased by 4.4%

Then,

the price index of previous year = 100

and the price index of this year = 100+4.4 = 104.4

100/104.4 = x/65905.4

By cross multiplication:

x = 65905.4 × 100 / 104.4

x=63127.7

Therefore the change in his purchasing power is   $63127.7 - $63,800

= - 672.3

The answer contains negative sign which shows loss in purchasing power

Hence loss = - 672.3 ....

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Answer: There are many reasons why some people may work in a job they aren’t happy with but a big time one is for the money. Some people need the jobs with higher pay or salary. That is just how life works u have to pay the bills somehow so they live with a unhappy job for the pay. I hope that this helps you!

Explanation:

3 0
3 years ago
The principal building material for mesopotamian ziggurats was
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<span>Sun baked mud bricks comprised the core of Mesopotamian ziggurats, while fired mud bricks comprised the outer facing. These fired bricks were often glazed in a variety of colors, speculated to have an astrological meaning. Sometimes facing bricks displayed the engraved names of Kings.</span>
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3 years ago
Concord Corporation applies overhead to production at a predetermined rate of 80% based on direct labor cost. Job No. 130, the o
sashaice [31]

Answer:

the amount of direct materials charged to Job 130 is $9,250.

Explanation:

Calculation of direct materials charged to Job 130

Work In Process Inventory             $25,000

<em>Less</em> Manufacturing Overhead       ($7,000)

<em>Less</em> Labor ($7,000 × 100 /80)        ($8,750)

Direct materials charged                  $9,250

4 0
4 years ago
First National Bank charges 13.6 percent compounded monthly on its business loans. First United Bank charges 13.9 percent compou
melomori [17]

Answer:

First National EAR 14.48%

First United EAR 14.38%

Explanation:

Calculation to determine Calculate the EAR for First National Bank and First United Bank.

Using this formula

EAR = [1 + (APR / m)]m − 1

Let plug in the formula

First National EAR = [1 + (.136 / 12)]12 − 1

First National EAR= .1448*100

First National EAR=14.48%

First United EAR = [1 + (.139 / 2)]2 − 1

First United EAR = .1438*100

First United EAR = 14.38%

Therefore the EAR for First National Bank and First United Bank will be :

First National EAR 14.48%

First United EAR 14.38%

8 0
3 years ago
The ________ is management’s minimum desired rate of return on a capital investment.
NeTakaya

The <u>discount rate</u> is management's minimum desired rate of return on capital investment.

Discount rate. "management's minimum preferred rate of return on an investment'' is greatly described by using the following terms authentic. Internet gift price and the internal rate of return are examples of discounted cash waft fashions utilized in capital budgeting decisions. NPV will continually decrease.

When evaluating capital funding initiatives, if the inner fee of going back is much less than the required rate of return, the undertaking can be commonplace. Whilst selecting a capital investment task from three options, the undertaking with the best internet present cost will constantly be optimal.

The payback method commonly specializes in profitability and no longer time. One advantage of the internal rate of return is that it considers the time price of money. One drawback of the payback method is that it no longer considers the time value of money.

Learn more about payback method here brainly.com/question/24314341

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6 0
2 years ago
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