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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

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Managers take broad strategic plans and turn them into operational blueprints with specific objectives and programs. The manager
Levart [38]

Answer:

c. middle managers

Explanation:

Middle managers -

The person in the business or organisation , who is responsible to manage the subordinate level of managers and then further reports to the manager in the organization or business , is referred to as the middle manager.

The work of a middle manager is supervise the employees , and allot them the work in and then report to the senior manager , in order to maintain a proper hierarchy in the business.

hence , from the given information of the question,

The correct term is middle manager.

7 0
3 years ago
Which of the following is the best example of a pure service?
Montano1993 [528]

Answer:

counseling

Explanation:

the service of counseling is not tangible

3 0
2 years ago
Which of the following statements about the expected postretirement benefit obligation (EPBO) is not correct? a. The EPBO is rec
mixer [17]

Answer:

The correct answer is letter "A": The EPBO is recorded in the accounts.

Explanation:

The Expected Postretirement Obligation (EPBO) is an estimation of the value of the benefits employees will receive upon retirement including all the time workers remained in the firm. This is merely a calculation and is not subject to any type of transaction to be recorded in the company's books. The EPBO is not related to workers' pensions.

6 0
3 years ago
Cynthia always buys whichever brand of paper towels is on sale, even if it is not the highest quality towel. her paper towel buy
Ann [662]

Single feature model

In this case, the single feature that Cynthia cares about is price. The single feature model works well for simple decisions, but most purchases require more thought. For example, buying a house based solely on price would be a terrible idea because it might be in a bad neighborhood or terrible condition.

6 0
3 years ago
The Stockholders' Equity section of the balance sheet of Sea Turtle Company reveals the following information: Common stock, $3
MatroZZZ [7]

Answer:

a. $20.00

Explanation:

Given that

Common Stock = $150,000

Additional Paid-in Capital = $850,000

Par Value per share = $3

So,

Number of shares issued = Common Stock ÷ Par Value per share

= $150,000 ÷ $3

= 50,000

Now

Total Common Stock Equity = Common Stock + Additional Paid-in Capital

= $150,000 + $850,000

= $1,000,000

So,

Average Issue Price per share = Total Common Stock Equity ÷ Number of shares issued

= $1,000,000 ÷ 50,000

= $20.00

7 0
3 years ago
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