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
Mumz [18]
3 years ago
11

In 2000 Amelia was being paid $7,200 per week. The CPI was 0.418 in 2000. In 2020 Amelia found a job paying $35,000 per week. Th

e CPI is 2.40 in 2020. Amelia’s job in 2000 paid ________ in nominal terms and ________ in real terms than her 2020 job.
Business
1 answer:
AleksAgata [21]3 years ago
7 0

Answer:

Explanation:

Real wage is defined as the nominal wage divided by the general price level, CPI. It is also the purchasing power of nominal wage.

Nominal wages are the wages received by a worker in the form of money.

Given:

In 2000:

Amelia nominal salary = $7,200 per week. CPI = 0.418

In 2020:

Amelia nominal salary = $35,000 per week

CPI = 2.40

Where CPI is an inflation measure.

Real salary = salary /(1 + inflation rate)

Inflation rate = (CPI2 - CPI1)/CPI1 × 100

Real salary I = salary/CPI

Real salary in 2000 = 7200/0.418

= $17224.88 per week

Real salary in 2020 = 35000/4.74

= $7384 per week

Nominal salary in 2000 compared to that in 2020,

Finding the difference = $7200 - $35000

= -$27800 per week

Real salary in 2000 compared to that in 2020,

Finding the difference = $17224.9 - $7384

= $9840.9 per week

You might be interested in
All sources of income is also known as which of the following
mariarad [96]
It is name nontaxiable
6 0
3 years ago
When Moon Star Products Inc. planned to start its operations in United Cadvia, an emerging nation, it realized that it will have
lorasvet [3.4K]

Answer:

a. Equity alliance

Explanation:

Equity alliance -

It is the process , in which one of the company take the equity stake of the other company and vice versa , is referred to as equity alliance .

Due to this ,  the company becomes shareholder and stakeholder of each other .

The share acquired is the minor one , so that the company still have the power of decision making .

Hence , same case is shown in the question ,where the Moon Star Products Inc.buys the 40 % of the stock of Gold Logistics .

8 0
3 years ago
Santana Company exchanged equipment used in its manufacturing operations plus $2,000 in cash for similar equipment used in the o
Ede4ka [16]

Solution :

We know that the exchange takes place when the FMV receive is equal to the FMV given up.

Where the FMV = fair market value

The commercial substance means the future cash flows exchange.

The non monetary exchange refers to the cash which is less than 25% of the fair value exchange.

The journal entries for the Santana Corp. when the exchange lack the commercial substance are reported as :

Transaction                                           Debit ($)                 Credit ($)

Asset(new)                                           11,000

Accumulated depreciation(old)          9,000

Asset (old)                                                                       28,000

Cash                                                                                 2000

The journal entries for Delaware Corp. when the exchange lacks the commercial substance.

Transaction                                           Debit ($)                 Credit ($)

Asset(new)                                            16,000  

Accumulated depreciation (old)          10,000

Loss                                                                                      2500

Assets (old)                                                                           28,000                                  

7 0
3 years ago
Brian Cartwright is a single taxpayer who itemizes deductions and has no dependents. Since Year 1, Brian has owned a 50% interes
ankoles [38]

Answer:

Following are the solution to the given points:

Explanation:

For point 1:

=\$22500\times 50\%\\\\=\$22500\times \frac{50}{100}\\\\=\$112500

For point 2:

=\$48000\times 50\%\\\\=\$48000\times \frac{50}{100}\\\\=\$24000

For point 3:

=\$5000\times 50\%\\\\=\$5000\times \frac{50}{100}\\\\=\$2500

For point 4:

=\$20000\times 50\%\\\\=\$20000\times \frac{50}{100}\\\\=\$10000

For point 5:

=\$40000\times 50\%\\\\=\$40000\times \frac{50}{100}\\\\=\$20000

For point 6:

=\$3000 \times 50\%\\\\=\$3000 \times \frac{50}{100}\\\\=\$1500

For point 7:

=\$6000\times 50\%\\\\=\$6000\times \frac{50}{100}\\\\=\$3000

For point 8:

=\$1000 \times 50\%\\\\=\$1000 \times \frac{50}{100}\\\\=\$500

8 0
3 years ago
answer the two questions relating to demand and the law of demand. a. which can cause a shift in the demand curve? a change in t
fredd [130]

One thing that can cause a shift in the demand curve is a change in one of the determinants of demand.

The law of demand can be shown as Pat wants to buy more candy bars at $1 than at $2

<h3>What does the law of demand say?</h3><h3 />

The law of demand posits that people will demand more of a good when the price is lower as opposed to when it is higher. This is why Pat will want to buy more candy bars when the price is lower at $1 as opposed to $2.

The demand curve will shift when there is a change in one of the determinant of demand such as the income of people and the price of substitutes.

Find out more on the law of demand at brainly.com/question/24500422

#SPJ1

7 0
2 years ago
Other questions:
  • During periods of economic growth, consumers buy more goods and services. This causes businesses to produce _____ goods and serv
    5·2 answers
  • A bag contains 9 red marbles, 5 white marbles, and 6 blue marbles. You draw 4 marbles out at random, without replacement. Find t
    9·1 answer
  • Suppose the price of a ticket to a Lenny Kravitz concert is $41 and at that price, the quantity of tickets demanded is 17,000 pe
    11·2 answers
  • Which type of portfolio might a young investor who is not afraid of risk choose? a portfolio of with a high percentage of stocks
    7·1 answer
  • Typical Corp. reported a deferred tax liability of $6,000,000 for the year ended December 31, 2017, when the tax rate was 40%. T
    8·1 answer
  • Aquatic Equipment Corporation decided to switch from the LIFO method of costing inventories to the FIFO method at the beginning
    6·1 answer
  • Home Furnishings reports inventory using the lower of cost and net realizable value (NRV). Below is information for its year end
    11·1 answer
  • New classical economists believe that an increase in deficit financing by the government will
    13·1 answer
  • Cawley Company makes three models of tasers. Information on the three products
    7·1 answer
  • A recessionary gap occurs when:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!