What is the hourly wage of an orthodontist in 2012

Assume you have $2,000 in a savings account at the beginning of the year and the price level is equal to 100. If the price level

SVEN [57.7K]

Answer:

$1,667.67

Explanation:

Given:

Balance in savings account at the beginning of the year = $2,000

Price level at the beginning of the year = 100

Price level at the end of the year = 120

Anything that is worth $120 in the beginning of the year is worth $100 at the end of the year.

Anything worth $1 in the beginning is worth 100/120 at the end.

So, $2,000 is worth $\frac{100}{120}\times2,000$ = $1,667.67 at the end of the year.

Real value of savings is close to $1,667.67.

6 0

3 years ago

Do some independent research on Nicholas Carr (the author of "IT Doesn’t Matter") and explain his current position on the abilit

pychu [463]

Answer:

I agree with Carr's position.

Explanation:

Nicholas Carr is a book author who conceived in america and he has distributed numerous books and articles on innovation, business, and culture.

Nicholas Carr composed an article called "IT Doesn't Matter" in Harvard Business school at 2003 and in the year 2004 he distributed book called "Does IT Make a difference"

So His thoughts irritated the data innovation industry for decages.

Nicholas Carr is a previous individual from the Encyclopedia Britannicas publication leading group of counsels.

Nicholas Carr was additionally in the directing leading group of the World Economic Forums distributed computing venture.

Nicholas Carr was an author in home at the University of California at Berkeleys news coverage school.

So Since 2005 he has composed the well known blog which got exceptionally famous.

Nicholas Carr was likewise previous official proofreader of the Harvard Business Review.

His present position is composing and giving a few methods in business and innovation.

I concur with the situation of Nicholas Carr why in light of the fact that with the assistance of his articles we would knowledge be able to better information on business, innovation and culture.

With the goal that we can improve our range of abilities and we can learn new things in various societies and advancements.

By help of his articles and books we can increase some view over various territory in business and new innovations.

So there are a lot of individuals who followed his articles and books and got numerous inputs to him with respect to the new articles and innovations.

Nicholas Carr utilizes crafted by Gary Small and enduring the mechanical change of the advanced psyche and the hypothetical bedrock of The Shallow and he likewise cast chilling forecasts about what's to come.

Nicholas Carr books overlooks the nature of the real book being perused and which is appears to accept that the thoughts in books are of inherently better quality.

Indeed, even every one of Nicholas Carr proclamations are seen to disentangle after a touch of pushing.

7 0

3 years ago

Suppose that policymakers are considering placing a tax on either of two markets. In Market A, the tax will have a significant e

slava [35]

Answer:

The answer is: B) Market B

Explanation:

Deadweight loss refers to an economic loss caused by market inefficiencies.

Market inefficiencies occur when supply and demand are not in equilibrium. In market A, the tax will barely affect the equilibrium quantity, so the deadweight loss will not be as large as in market B where the equilibrium quantity will be severely affected.

3 0

3 years ago

Allen Construction purchased a crane 6 years ago for $130,000. They need a crane of this capacity for the next 5 years. Normal o

Korvikt [17]

Answer:

<u>For retaining of Old Machine Equipment</u>

Price of old equipment 3 yrs ago = $130,000

O & M cost per year = $35,000

Using the Cash flow approach

End of year Cash flow 1 Old equipment

0 $0 Initial Cash flow

1 -$35,000 O & M cost per year

2 -$35,000 O & M cost per year

3 -$35,000 O & M cost per year

4 -$35,000 O & M cost per year

5 -$35,000 O & M cost per year

Hence, Annual worth = Initial cash flow + Annual cost

Annual worth = 0 - $35,000

Annual worth = -$35,000

<u>For buying of new equipment</u>

Cost of buying new crane = $150,000

Market value of old crane = $40,000

Time = 5 years

O & M cost per year = $8,000

Salvage value = $55,000

MARR = 20%

Using the Cash flow approach

End of year Cash flow 1 New equipment

0 $110,000 -$150,000 + $40,000

1 -$8,000 O & M cost per year

2 -$8,000 O & M cost per year

3 -$8,000 O & M cost per year

4 -$8,000 O & M cost per year

5 $47,000 -$8,000 + $55,000

Annual worth = Initial cash flow + Annual cost + Salvage value

Annual worth = -$110,000(A/P 20%,5) - $8,000 + $55,000(A/P 20%,5)

Annual worth = -$110,000*(0.334) - $8,000 + $55,000*(0.134)

Annual worth = -$36,781.77 - $8,000 + $7,390.88

Annual worth = -$37,908.88

Conclusion: We should retain the old machine as it is more favorable than purchase of new equipment

5 0

3 years ago

On May 10, 2020, Crane Co. enters into a contract to deliver a product to Greig Inc. on June 15, 2020. Greig agrees to pay the f

belka [17]

Answer and Explanation:

The journal entries are shown below:

1. Accounts receivable a/c Dr $1,840

To Sales revenue a/c Cr $1,840

(Being the sales is recorded)

2. Cost of goods sold a/c Dr $1,170

To Inventory a/c Cr $1,170

(Being the cost of goods sold is recorded)

3. Cash a/c Dr $1,840

To Accounts receivable a/c Cr $1,840

(Being the payment received is recorded)

Only these three entries are recorded

3 0

4 years ago