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choli [55]
3 years ago
9

In 1970 Professor Fellswoop earned $12,000; in 1980 he earned $24,000; and in 1990 he earned $36,000. If the CPI was 40 in 1970,

60 in 1980, and 100 in 1990, then in real terms, Professor Fellswoop's salary was highest in____________.
Business
1 answer:
Arte-miy333 [17]3 years ago
4 0

Answer:

In 1980

Explanation:

Year        Salary        Percentage Salary Increase        CPI Increase

1970       $12,000     -                                                      -

1980       $24,000    100                                                 50

1990       $36,000    50                                                   83.3

As can be seen in the table, the Professor's salary increase from 1970 to 1980 was twice as much as the CPI increase during the same period.

On the contrary, his salary increase from 1980 to 1990 was significantly less than the CPI increase during the same period.

Therefore, the professor's salary was highest in 1980.

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Alex Ar [27]

Answer:

PV= $40,716,437.34

Explanation:

Giving the following information:

Cash flow= $3,400,000 per year

Number of years= 25

Interest rate= 6.7%

To calculate the present value, first, we will calculate the future value:

FV= {A*[(1+i)^n-1]}/i

A= annual cash flow

FV= {3,400,000*[(1.067^25) - 1]} / 0.067

FV= 206,006,183.4

Now, the present value:

PV= FV/(1+i)^n

PV= 206,006,183.4/ (1.067^25)

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6 0
3 years ago
What are the five forms of Utility?
Reptile [31]

Answer:

form utility, time utility, place utility, and possession utility.

Hope it help and take care young lad

6 0
2 years ago
On December 21, 2020, Sage Company provided you with the following information regarding its equity investments. December 31, 20
Sindrei [870]

Answer:

(a) Dec. 31, 2020

Dr Unrealized Holding Gain or Loss- Income $1,610

Cr Fair value adjustment $1,610

(b) During 2021

Dr Cash $10,350

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Cr Equity Investment (trading) $10,900

(c) Dec. 31, 2021

Dr Fair value Adjustment $1,100

Cr Unrealized Holding gain or loss - Income $1,100

Explanation:

(a) Preparation of the adjusting journal entry needed on December 31, 2020

Dec. 31, 2020

Dr Unrealized Holding Gain or Loss- Income $1,610

Cr Fair value adjustment $1,610

(b) Preparation of the journal entry to record the sale of the Colorado Co. stock during 2021

During 2021

Dr Cash $10,350

Dr Loss on sale of investment $550

($10,900-$10,350)

Cr Equity Investment (trading) $10,900

(c) Preparation of the adjusting journal entry needed on December 31, 2021

Dec. 31, 2021

Dr Fair value Adjustment $1,100

Cr Unrealized Holding gain or loss - Income $1,100

Calculation for Fair value Adjustment

Cost FV Profit Unrealized Gain (Loss)

Clemson Corp. stock $20,400-$19,390 =$1,010

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2 years ago
You want to determine the upper control line for a p-chart for quality control purposes. You take several samples of a size of 1
Harlamova29_29 [7]

Answer:

The resulting UCL value for the line is 0.07. The right answer is d

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✿━━━━@♥ℳg━━━━✿

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