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
8090 [49]
3 years ago
9

Dave brags to his dad that his $45,000 starting salary as a computer programmer is much higher than his dad's $28,000 starting s

alary some years ago. If the consumer price index t year Dave begins work is 180.5 while the consumer price index the year his dad started work was 110.8, Dave is:_______.
A) correct; adjusting for price changes, his salary is more than his dad's salary
B) correct; adjusting for quantity changes, his salary is more than his dad's salary.
C) incorrect; adjusting for price changes, his salary is less than his dad's salary
D) incorrect; adjusting for quantity changes, his salary is less than his dad's salary.
Business
2 answers:
ivanzaharov [21]3 years ago
6 0

Answer:

Option C Incorrect; adjusting for price changes, his salary is less than his dad's salary  

Explanation:

Adjustment to price changes = (Amount received n years ago divided by Price Index n years ago) * Price Index today

Adjustment To price changes = ($28,000 / 110.8) * 180.5 = $45613.7

The amount $28,000 is worth $45,613.7 in todays value which means that if we adjust for price changes, Dave is incorrect because his salary is worth less by an amount $613.7 from his father's salary.

Ghella [55]3 years ago
6 0

Answer: C. incorrect adjusting for price changes, his salary is less than his dad's salary

Explanation:

We need to calculate the inflation rate and then adjust  Dad's salary

Inflation = (180.5 - 110.8)/110.8 = 0.629061371 = 62.91%

Dad's Salary adjusted for inflation = $ 28000 x 1.6291 =45614.80

Dad,s salary of $28000 years ago is higher than Dave's starting salary of $45000 t years ago

You might be interested in
Embezzlement is distinguished from fraud on the basis of:
damaskus [11]
Embezzlement happens when somebody depended with property deceitfully changes over it, keeps it for their own utilization. Theft is recognized from extortion on the premise of when the criminal purpose was framed. 


Embezzlement once in a while includes distortion of records keeping in mind the end goal to hide the action. Thieves regularly discharge generally little sums more than once, in an efficient as well as deliberate way, finished a drawn out stretch of time, albeit a few thieves mystery one extensive aggregate at once.Some extremely effective theft plans have proceeded for a long time before being recognized because of the expertise of the thief in covering the idea of the exchanges or their aptitude in picking up the trust and certainty of speculators or customers, who are then hesitant to "test" the thief's reliability by driving a withdrawal of assets.
4 0
3 years ago
Evidence pertaining to the airline industry suggests that
ad-work [718]
Nunya business sorry
5 0
3 years ago
What type of relationship exists between interest rates and aggregate spending?
kakasveta [241]

Answer:

Explanation:

Higher real interest rates reduces aggregate expenditure by increasing the cost of loans while increasing the earnings from savings. Both factors reduce expenditures by reducing consumption and investments, and therefore, aggregate expenditure.

7 0
3 years ago
Read 2 more answers
The three methods used to classify costs into their fixed and variable components includes:.
ANTONII [103]

The three methods used to classify costs into their fixed and variable components include:

  • scatter diagrams
  • high-low method
  • regression analysis

<h3>What is a costs classification?</h3>

This refers to the process of separation of a group of expenses into different categories which are used to bring an management's attention certain costs that are considered more crucial than others, or to engage in financial modeling.

Often time, the purpose of cost classification is to allows the manager control processes and cut costs where needed or send more resources to an area of the process that is lacking.

Furthermore, the cost classification also allows the manage to review reports and advise accounting of needed adjustments in cost classification.

Read more about costs classification

brainly.com/question/25811981

#SPJ1

8 0
1 year ago
A type of manager that supports first line managers is known as
gayaneshka [121]

Answer:

First-line managers operate their departments. They assign tasks, manage work flow, monitor the quality of work, deal with employee problems, and keep the middle managers and executive managers informed of problems and successes at ground level in the company.

Explanation:

7 0
2 years ago
Other questions:
  • A study of interior designers' opinions with respect to the most desirable primary color for executive offices showed that:
    7·1 answer
  • Marilyn​, a medical ​student, buys two cups of coffee a​ day, which costs her ​$5.00. She decides to buy one more cup each day a
    10·1 answer
  • M&amp;m's famous slogan, "melts in your mouth, not in your hand," is an example of a(n): promotional mix. basis for lifestyle st
    5·1 answer
  • Miscavage Corporation has two divisions: the Beta Division and the Alpha Division. The Beta Division has sales of $310,000, vari
    7·1 answer
  • On January 8, the end of the first weekly pay period of the year, Regis Company’s payroll register showed that its employees ear
    10·1 answer
  • Connor heard that as a general rule, he should spend no more than one week's pay on rent. If Connor's salary is $29,000 per year
    12·2 answers
  • Outline one advantage and one disadvantage of investing in training....
    11·1 answer
  • Valley Technology Balance Sheet As of January 24, 2021 (amounts in thousands)
    8·1 answer
  • The following information is taken from Reagan Company's December 31 balance sheet: Cash and cash equivalents $ 10,319 Accounts
    12·1 answer
  • Which of the following is something a "smart pick list" does NOT help pickers do?pick materials based on order of deliverypick m
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!