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3 years ago

According to the following data,

Business

1 answer:

rusak2 [61]3 years ago

3 0

Answer:

A.Nominal wages will increase by 64%

B.Consumer prices will increase by 49.41%

C.Real wages will increase by 14.85%

Explanation:

The computations are shown below:

a. Computation for what percentage did nominal wages increase between 2000 and 2019

Using this formula

Nominal wages = (Average hourly wage 2019-Average hourly wage 2000)÷Average hourly wage 2000

Let plug in the formula

Nominal wages($23 - $14) / ($14)

Nominal wages= ($9) / ($14)

Nominal wages= 64%

Therefore Nominal wages will increase by 64%

b. Computation for what percentage did consumer prices increase between 2000 and 2019

Using this formula

Consumer prices=(CPI 2019-CPI 2000)÷CPI 2000

Let plug in the formula

Consumer prices= (254 - 170) / (170

Consumer prices= (84) / (170)

Consumer prices= 49.41%

Therefore Consumer prices will increase by 49.41%

c. Computation for real wages increase between 2000 and 2019

Real wages increase= ($14 × 254) / (170)

Real wages increase= $20.92

Real wages increase= $23 - $20.92

Real wages increase= $2.08

Real wages increase= ($2.08 / $14) × 100

Real wages increase= 14.85%

Therefore the Real wages will increase by 14.85%

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Answer:

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Explanation:

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= Incremental sales - annual incremental cash operating expenses - one-time renovation expense - depreciation expense - income tax expense + depreciation expense

= $310,000 - $230,000 - $30,000 - $30,000 - $6,000 + $30,000

= $44,000

Since depreciation is a non-cash expense so it would be added back to the computation part

The depreciation expense would be

= (Original cost - residual value) ÷ (useful life)

= ($120,000 - $0) ÷ (4 years)

= ($120,000) ÷ (4 years)

= $30,000

And, the income tax expense would be

= (Incremental sales - annual incremental cash operating expenses - one-time renovation expense - depreciation expense) × tax rate

= ($310,000 - $230,000 - $30,000 - $30,000) × 30%

= $20,000 × 30%

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3 years ago

The costs incurred before opening a business

True [87]

The expenditure incurred prior to the incorporation of an enterprise is to be considered as a pre-incorporation capital expenditure. The expenditure incurred prior to the 'setting-up of business' is to be considered as a pre-operative capital expenditure.

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2 years ago

Determine the amount of consumer surplus generated in the following situation. After soccer practice, Stacey is willing to pay $

Oliga [24]

Answer:

The answer is: There was no consumer surplus in this situation.

Explanation:

consumer surplus refers to the difference between the maximum amount a consumer is willing to pay for a good or service and the actual price of the good or service.

In this case there was no consumer surplus, since Stacey was willing to pay only $2 for a bottle of mineral water and its price was $2.25, so she didn't buy it.

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3 years ago

The Baldwin company currently has the following balances on their balance sheet: Assets $180,506 Common Stock $11,365 Retained e

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Answer:

The total liabilities for the next year amount to 37163 $.

Explanation:

To calculate the liability we will use the simple equation given below.

Asset-equity=liability

Assets-RE=Liability

Current year Change* Next Year

Assets 180,506.00 29,506.00 151,000.00

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Retain Earning (92,472.00) (10,000.00) (102,472.00)

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3 years ago

Presented here are liability items for Skysong, Inc. at December 31, 2017. Accounts payable $298,300 FICA taxes payable $14,820

lord [1]

Answer:

Explanation:

The preparation of the liabilities section of Skysong's balance sheet is shown below:

Skysong, Inc.

Partial Balance Sheet

December 31, 2017

Liabilities

Current Liabilities

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Notes payable (due May 1, 2018) $38,000

Interest payable $76,000

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Notes payable (due 2019) $152,000

Discount on bonds payable $77,900

Total Non -Current Liabilities $1,939,900

Total liabilities $2832,900

7 0

3 years ago