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Natasha_Volkova [10]
4 years ago
11

When Sue graduated from​ college, she got a job with a starting salary of​ $30,000. When​ Sue's sister Jan graduated five years​

later, her starting salary was ​$38,000. Jan likes to tease Sue about earning more than Sue did right out of college. Sue claims that she actually had a higher salary in real dollars. The Consumer Price Index rose 12 percent during the five years separating the​ sisters' graduations.
Therefore, we can conclude that:

a. Sue earned a higher real salary.
b. Jan earned a higher real salary.
c. both Sue and Jan earned the same real salary.
d. There isn't enough information to determine who earned the higher real salary.
Business
1 answer:
EleoNora [17]4 years ago
6 0

Answer:

b. Jan earned a higher real salary.

Explanation:

The consumer price index rose 12 percent which means that with the same amount of money 5 years later you will be able to buy 12% less goods and services. Now in order to find who earned a higher real salary we will calculate  how much higher was Jan's salary compared to SUE. If the difference in salary was more than 12% than Jan earned a  higher real salary, if less than 12% then Sue earned a higher real salary and if =12% then both earned the same amount of real salary.

Difference in salary = 38,000-30,000=8,000

Percentage increase in salary = 8,000/30,000=0.266 =26.6%

Jan earned 26.6% more than Sue and the increase in the price index was 12% which means that Jan earned a higher real salary than Sue.

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Selling price per unit = £0.63
ikadub [295]

Answer:

368 units

Explanation:

The Break-even point is calculated by dividing fixed cost by the contribution margin per unit.

Fixed cost = £140

Contribution margin per unit = Selling price per unit - variable cost per unit

Selling price = £0.63 : Variable cost :  £0.25

Contribution margin per units =£0.63 - £0.25

=£0.38

Break-even point = £140 / £0.38

=368.42

=368 units

5 0
3 years ago
During the​ year, credit sales amounted to $ 840,000. Cash collected on credit sales amounted to $ 790,000​, and $ 18,000 has be
Murrr4er [49]

Answer:

$21,000

Explanation:

During the​ year, credit sales amounted to $ 840,000.

Cash collected on credit sales amounted to $ 790,000​, and $ 18,000 has been written off.

At the end of the​ year, the company adjusted for bad debts expense using the percent-of-sales method and applied a​ rate, based on past​ history, of 2.5%.

The amount of bad debts expense for 2019 is 2.5% x 840,000 = $21,000

5 0
3 years ago
Please help. Describe how stocks are purchased by investors.
attashe74 [19]

Answer:

Investors most commonly buy and trade stock through brokers. You can set up an account by depositing cash or stocks in a brokerage account. Firms like Charles Schwab and Citigroup's Smith Barney unit offer brokerage accounts that can be managed online or with a broker in person.

5 0
3 years ago
Lifetime sells softball equipment. On November 14, they shipped $3,000 worth of softball uniforms to Palos Middle School, terms
Firdavs [7]

Answer:

The correct answer is $2,700.

Explanation:

According to the scenario, the computation of the given data are as follows:

Sell uniforms = $3,000

Sale return = $300

received order to produce in December = $1,800

So, we can calculate the net account receivable in November by using following formula:

Net account receivable =  Sales in November - Sales return in November

By putting the value, we get

= $3,000 - $300

= $2,700

7 0
3 years ago
What is common stock ? in your own words. ​
vodomira [7]
Common stock our shares of ownership in a corporation that a Ford their holders voting rights.
6 0
3 years ago
Read 2 more answers
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