When the exchange rate for the Mexican peso changes from 10 pesos to the U.S dollar to 9 pesos to the U.S. dollar, then the Mexican peso has appreciated and the U.S. dollar has depreciated.
When a currency appreciates<span>, it means it has increased in value relative to any other currency; </span>depreciate means<span> it has been weakened or fell in value relative to any other currency.</span>
Answer:
a. reward system
b. Surface value
c. Perquisites
d. Compensation packages
Explanation:
Reward system encompasses the whole compensation packages for workers.
Base pay is the main determinant for other compensations.
Symbolic value refers to the representational value of a reward as opposed to the worth.
Compensation packages for various entities vary depending on the organization.
Indirect compensation is not directly linked to a job.
Perquisites refer to the benefits from employment.
Flexible reward system is not a fixed system, but one that flexes with other factors.
Participative pay system encourages workers' contribution in determining pay.
Surface value is the worth of a compensation to the recipient.
Incentive system refers to the employment structure that motivates employees to act in the best interest of the organization.
Answer:
Consumer Price Index for Urban Wage Earners and Clerical Workers
1. You will get $16,875.
Explanation:
a) Data:
Last year's Medicare allowance = $15,000
CPI last year = 144
CPI this year = 162
Calculation:
This year's Medicare allowance = $16,875 ($15,000/144 x 162)
Another way of working out this year's allowance for my grandmother is to calculate the percentage increase. This amounts to an increase of 12.5% (162 - 144)/144
This shows that the CPI increased by 12.5% and the Medicare allowance will also increase by 12.5%
Thus, the Medicare allowance for this year will be $16,875 ($15,000 x 1.125)
