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
ddd [48]
3 years ago
5

Suppose your salary in 2012 is $70,000. Assuming an annual inflation rate of 7%, what salary do you need to earn in 2019 in orde

r to have the same purchasing power? (Round your answer to two decimal places.)
Business
1 answer:
Yanka [14]3 years ago
3 0

Answer:

Salary 2019= $112,404.7

Explanation:

Giving the following information:

Salary 2012= $70,000

Inflation rate= 7%

Salary 2019= ?

To calculate the nominal value of your salary to maintain the purchasing power, we need to use the following formula:

FV= PV*(1+i)^n

FV= 70,000*(1.07^7)

FV= $112,404.7

You might be interested in
A publicist's compensation package includes the total cost of a $180-per-
natima [27]

Answer:

D. $44,580

Explanation:

Here we want to find the yearly value of the compensation package.

To order to do so, we have to add the various terms. We have:

t_1=\$42,000 salary per year

Then we have the total cost of a $180-per- month health insurance plan; since there are 12 months in a year, it is

t_2=12\cdot \$180 =\$2160 per year

Then we have the total cost of a $35-per-month life insurance, so the yearly cost is

t_3=12\cdot \$35 =\$420

Therefore, the total compensation package is

T=t_1+t_2+t_3=42000+2160+420=\$44,580

So, option D.

7 0
3 years ago
What type of lien can be placed on homeowners who do not pay their home association fees? A security bail bond lien An HOA lien
klio [65]

Answer: HOA lien

Explanation:

Homeowners associations (HOAs) are in charge of different operational and maintenance duties associated with a neighborhood or building. Homeowners associations are financed by dues from the homeowner members.

In a situation whereby the homeowners members delay their dues or does not pay their dues, Homeowners associations can place liens on the homes of their members. A lien is a legal hold on a property.

5 0
3 years ago
Select the statement which best describes the primary purpose of closing entries a. To complete the recording of various transac
ValentinkaMS [17]

Answer: c. To reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.

Explanation:

Closing entries are the journal entries that are made at the end of an accounting period in order to be able to transfer temporary accounts to the permanent accounts.

The primary purpose of closing entries is to reduce the balances of revenue and expense accounts to zero so that they may be used to accumulate the revenues and expenses of the next period.

Therefore, the correct option is C.

7 0
2 years ago
Some fast-food restaurants offer tasty and convenient food at affordable prices, but in doing so they contribute to a national o
Andrej [43]

Answer:

b. societal marketing concept

Explanation:

Societal marketing concept -

It refers to the marketing concept in the society , where the welfare of the human beings is considered to as the most important aspect .

In this practice , the social responsibility like any health issue , social issue is the top most priority .

The practice require making good marketing decision which are in favour of the consumers , and helps the company and the humans in the long term way .

Hence , from the given scenario of the question ,

The correct answer is b. societal marketing concept  .

8 0
3 years ago
Jeremy runs a U.S.-based company. Recently, some of his customers with global operations have placed additional orders that requ
Soloha48 [4]

Jeremy is experiencing companies with foreign marketing.

What is Foreign marketing?

  • An international marketer is a marketing expert who is in charge of global commercial strategies.
  • They create and implement business and marketing strategies to promote the services and products of their clients or organizations in diverse worldwide markets.
  • The first step in international marketing is identifying the suitable market in which the exporter can sell his goods financially because each market is different and no one person can sell his product in every market around the globe.
<h3>Solution -</h3>

In the given situation Jeremy has developed local distribution and service reps in three foreign markets doing social marketing.

Therefore, Jeremy is experiencing companies with foreign marketing.

Know more about marketing here:

brainly.com/question/25754149

#SPJ4

7 0
1 year ago
Other questions:
  • Frankie is in charge of writing a script for a television show, along with six other writers. The script must be finished by the
    8·1 answer
  • A proposed new investment has projected sales of $557,000. Variable costs are 39 percent of sales, and fixed costs are $131,000;
    11·1 answer
  • Which of the following ia a good question to ask during an informational interview
    11·2 answers
  • How does advertising affect demand? ( with example )
    12·1 answer
  • Accounting professionals can perform various services that provide assurance about the and of information given by one party to
    15·1 answer
  • Which of the following would further an economic goal of efficiency?
    15·1 answer
  • In 2008 approximately what percent of the world's population lived in Asia? PROVIDE/EXPLANATION PROOF FOR YOUR ANSWER. INCOMPLET
    15·1 answer
  • Kinda running back on my payments anyone got spare change -apple pay numbers below god bless you all
    11·2 answers
  • A _________ is the distribution of cash to its owners. This is determined by the board of directors. Multiple choice question. w
    13·1 answer
  • What are subchapter c earnings and profits (e&amp;p)? how does the existence of such e&amp;p affect the s corporation's ability
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!