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
QUESTION ONE (1)
Hunter-Best [27]
Y’all really be posting the whole passage on here, at this point y’all are just lazy to actually work it out
3 0
3 years ago
The following information is available for Kinsner Corporation: Total fixed costs $313,500 Variable costs per unit $99 Selling p
Zanzabum

Answer:

The number of units that must be sold is A. 6,540 units

Explanation:

The number of units must be sold to meet the target profit figure are calculated by using following formula:

The number of units must be sold = (Total fixed cost + Targeted profit) / Contribution margin per unit.

Contribution margin per unit = Sales price per unit – Variable cost per unit = $154 - $99 = $55

The number of units must be sold = ($313,500 + $46,200)/$55 = 6,540 units

7 0
3 years ago
you invest $1300 in an account at interest rate r, compounded continuously. Find the time required for the amount to double and
miskamm [114]

Answer:

  • 1. <em>For the amount to double</em>: <u>9.37 years</u>
  • 2. <em>For the amount to triple</em>: <u>14.85 years</u>

Explanation:

The equation for continuosly compounded interest is:

  • F=P\times e^{rt}

Where:

  • P is the amount that you invest today: $1,300
  • F is the value after t years: the double or triple of $1,300
  • r is the annual interest rate: 0.074

<u>1. For the amount to double:</u>

Substitute the values and solve for t:

             2\times \$1,300=\$1,300\times e^{0.074t}\\ \\ 0.074t=\ln 2\\ \\ t=\ln 2/0.074=9.37years

<u>2. For the amount to triple:</u>

<u />

            3\times \$1,300=\$1,300\times e^{0.074t}\\ \\ 0.074t=\ln 3\\ \\ t=\ln 3/0.074=14.85years

4 0
3 years ago
Why are russian and eastern europe interested to international managers? identify and describe reasons for such interest as well
algol13

Russian and Japanese Europe are interested in international managers: global control refers to the control of commercial enterprise operations in an employer, running in more than one country. global control has a whole lot of blessings.

International managers continually should arrange their commercial enterprise to evolve to neighborhood necessities of all international locations. firstly, they need to create a command hierarchy that involves human beings operating in multiple countries. Then, they must adhere to the local laws and guidelines of the nations they operate in.

It takes a wide range of know-how to be an international manager. They ought to have a complete historical past and aggressive intelligence in marketing, income, finance, and human sources. high-quality networking and pass-cultural communique abilities also are important.

International managers make a contribution with their cultural skills and knowledge of international economics, trade, governments, contracts, markets, and finance to ensure an organization's front into worldwide markets is aligned with its desires and goals.

Learn more about international managers here: brainly.com/question/24553900

#SPJ4

6 0
2 years ago
Increasing the reserve requirement is a powerful _____ weapon that reduces the overall supply of money.
cestrela7 [59]
Increasing the reserve requirement is a powerful ANTI INFLATION weapon that reduces the overall supply of money.
In order to reduce the amount of money in an economy, the federal reserve can increase the reserve requirements of the commercial banks in the economy. This will reduce the amount of money that the banks can give out as loan and this will work to prevent inflation.
3 0
4 years ago
Other questions:
  • Sandhill Company reports the following operating results for the month of August: sales $382,500 (units 5,100), variable costs $
    6·1 answer
  • You plan to buy a house in July 2019. The sale price is $350,000. You need to pay 20% down payments and borrow additional 80% fr
    13·1 answer
  • Are consumers only interested in making themselves as well off as possible in a material​ sense? consumers are
    14·1 answer
  • Describe the characteristics of sole proprietorships, partnerships, limited partnerships, and joint ventures
    15·1 answer
  • A hotel and conference center at a holiday destination can cater for a maximum of 540 tourists and conference attendees per mont
    14·1 answer
  • A client who has been training at high intensities in preparation for a triathlon reports joint pain, excess fatigue, and the in
    8·1 answer
  • Mr. Green enters into a contract with Mr. Blue who is a crab fisherman. Mr. Green and Mr. Blue know that Mr. Blue has already ca
    13·1 answer
  • The adjusted trial balance of Bramble Corp. at December 31, 2019, includes the following accounts:
    14·1 answer
  • Required:
    6·1 answer
  • Who should Jake Paul fight next? Currently in an argument with my brother!!
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!