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
madreJ [45]
3 years ago
5

Alfonso wants to know what the cost of living would be in four different cities. He looks at circular ads from each of the citie

s and finds the prices of goods that he would normally buy during a typical trip to the grocery store each week. He adds up what he would pay for each grocery trip in the different cities and calls the sum "Price of Grocery Basket." He compares theses costs to what he would earn in each city. Compute Alfonso’s real wage in terms of how many baskets of groceries his wage could purchase and complete the "Real Wage" column with this information. Instructions: Round your answers to whole numbers. Alfonso’s Nominal and Real Wages CityPrice of NominalNominalReal Wage Grocery Basket ($)Wage ($)(baskets of groceries) Boston$187.17$56,000 Pittsburgh174.7450,000 Minneapolis169.6255,000 Houston155.0045,000
Business
1 answer:
Ber [7]3 years ago
6 0

Answer:

Explanation:

The formula to compute the real wage is shown below:

Real wage = (Nominal Wage) ÷ (Grocery Basket price)

For Boston:

= $56,000 ÷ $187.17

= $299

For Pittsburgh:

= $50,000 ÷ 174.74

= $286

For Minneapolis:

= $55,000 ÷ 169.62

= $324

For Houston:

= $45,000 ÷ 155.00

= $290

For computing the real wage rate we simply divide the nominal wage by the price of grocery basket

You might be interested in
Chez Dove is an independent coffeehouse/bookstore that went bankrupt only eight months after opening due to an unexpected demand
emmainna [20.7K]

Answer:

Management

Explanation:

Better cash management ensures survival of any firm if well handled and managed.

A Cash Management Strategy includes the use of Banks, Saving & Loan Associations, Credit Unions, and other financial institutions provide a variety of financial services or the use of Account services provide customers with online banking offering deposits, investments, credit cards, loans, mortgages, rewards programs and others.

Effective Cash Management Rules involves: balancing your checkbook regularly and Pay your bills on time

And others.

3 0
3 years ago
If a customer purchases $500.00 in merchandise on account, and the terms are 2/10, n/30, what would the customer owe if he were
nika2105 [10]
In accounting, the invoice 2/10, n/30 means that the customers has to pay $500 within 30 days. If he can pay earlier, say within 10 days from the date of purchase, a cash discount of 2% is given. If the customer pays on the 9th day, he would only have to pay 

500(100% - 2%) = $490
3 0
4 years ago
Gruber Corp. pays a $9 dividend on its stock. The company will maintain this dividend for the next 3 years. In year 4, the divid
stealth61 [152]

Answer:

Share price Today = $172.574

Explanation:

Using dividend growth model we can compute price of share after 3 years,

As follows:

P_3 = \frac{D_4}{K_e - g}

Where P3 = Price at end of year 3

D4 = Dividend at end of year 4 = $10

Ke = Cost of return = 10%

g = growth rate = 5%

P3 = \frac{10}{0.10-0.05} = $200

Now, we have

Year    Dividend or price        Present value factor          Present Value

1                     $9                                0.909                                $8.181

2                    $9                                0.826                                $7.434

3                    $9                                0.751                                  $6.759  

3                    $200                           0.751                                  $150.20

Net Present value of share today = $172.574

3 0
4 years ago
Mrs. Jones has repeatedly attempted to reduce Jonathon’s behavior of rushing through his daily worksheets. His behavior results
8090 [49]

Answer:

The answer is: DRO or positive reinforcements

Explanation:

Differential Reinforcement Procedures (DRO) is being used by Mrs. Jones by rewarding (reinforcing) Jonathon if he doesn't turn in illegible or poorly done worksheets.

This means that the absence of an undesirable behavior will be reinforced (rewarded).

8 0
4 years ago
For Coronado Industries, sales is $3000000, fixed expenses are $700000, and the contribution margin ratio is 36%. What are the t
anygoal [31]

Answer:

Variable cost= $1,920,000

Explanation:

Giving the following information:

Sales= $3,000,000

Contribution margin ratio= 0.36

<u>The contribution margin ratio is the dollar remaining after deducting from sales of the variable component.</u> In 1 dollar, the contribution margin is $0.36.

<u>In this case:</u>

Variable cost= sales*(1-Contribution margin ratio)

Variable cost= 3,000,000*0.64

Variable cost= $1,920,000

4 0
3 years ago
Other questions:
  • Luxury car makers announce a fall in next year's price of a luxury car and an increase in the ease in which credit can be obtain
    12·1 answer
  • Through every stage of their lives ________ have had an enormous effect on the u.s. economy because of their sheer numbers.
    5·1 answer
  • Garrison Woodproducts and Mathis Woodproducts are the two largest wood product competitors in the United States. However, these
    11·1 answer
  • Benefits of a better education include all of the following except?
    6·2 answers
  • Given a 7 percent interest rate, compute the present value of payments made in years 1, 2, 3, and 4 of $1,000, $1,300, $1,300, a
    5·1 answer
  • In the market for widgets, the supply curve is the typical upward-sloping straight line, and the demand curve is the typical dow
    14·1 answer
  • ased on a predicted level of production and sales of 22,000 units, a company anticipates total variable costs of $99,000, fixed
    5·1 answer
  • Calculate the cash dividends required to be paid for each of the following preferred stock issues: Required: The semiannual divi
    7·1 answer
  • Changing the method of inventory valuation should be reported in the financial statements under what qualitative characteristic
    6·1 answer
  • what are the possible issues of market demand and supply risks that encourage the supply chain partners to carry inventory?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!