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
Nutka1998 [239]
3 years ago
6

The Bureau of Labor Statistics reported the CPI stood at 215.9 in December 2009, while one year earlier it was 210.2. Suppose Ja

nice's nominal income rose by 4% from December 2008 to December 2009 while Jeff's increased by only 2%. By what percentage did each of their real incomes change?
Business
1 answer:
makvit [3.9K]3 years ago
7 0

Answer:

Annual rate of inflation = [(215.9 - 210.2) / 210.2] * 100

Annual rate of inflation = 2.7%

Real income change = Nominal income change - inflation rate

Janice Real income change = 4% – 2.7%

Janice Real income change = 1.3%

This means Janice's real income did increase by 1.3%.

Jeff Real income change = 2% – 2.7%

Jeff Real income change = -0.7%

This means Jeff's real income did decrease by 0.7%.

You might be interested in
The budget director for Kanosh Cleaning Services prepared the following list of expected selling and administrative expenses. Al
Harrizon [31]

Answer:

Kanosh Cleaning Services

a. Schedule of Cash Payments for S&A Expenses

                                                                       October November December

Equipment lease expense                                     $7,500  $7,500    $7,500

Prior month’s salary expense, 100%                               0    8,200       8,700  

Cleaning supplies                                                     2,800    2,730      3,066

Insurance premium                                                  7,200            0              0

Depreciation on computer                                              0            0              0

Rent                                                                           1,700      1,700        1,700

Miscellaneous expenses                                           700         700          700

Total disbursements for operating expenses  $19,900  $20,830  $21,666

b. Salaries payable = $9,000

c. Prepaid insurance = $3,600

Explanation:

a) Data and Calculations:

                                                October   November  December

Budgeted S&A Expenses

Equipment lease expense       $7,500        $7,500      $7,500

Salary expense                           8,200          8,700        9,000

Cleaning supplies                      2,800          2,730        3,066

Insurance expense                     1,200          1,200         1,200

Depreciation on computer         1,800          1,800         1,800

Rent                                             1,700          1,700         1,700

Miscellaneous expenses             700             700           700

Total operating expenses    $23,900    $24,330   $24,966

Schedule of Cash Payments for S&A Expenses

                                                                       October November December

Equipment lease expense                                     $7,500  $7,500    $7,500

Prior month’s salary expense, 100%                               0    8,200       8,700  

Cleaning supplies                                                     2,800    2,730      3,066

Insurance premium                                                  7,200            0              0

Depreciation on computer                                              0            0              0

Rent                                                                           1,700      1,700        1,700

Miscellaneous expenses                                           700         700          700

Total disbursements for operating expenses  $19,900  $20,830  $21,666

b. Salaries payable = $9,000

c. Prepaid insurance = $3,600 ($7,200 - $3,600)

6 0
2 years ago
Where do banks get money to lend to borrowers?
Marysya12 [62]

The answer is<u> "depositors".</u>


An individual who is making a deposit with the bank is known as a depositor. The depositor is the moneylender of the cash which will be come back to him/her toward the finish of the store time frame.  

A depositor (you) places cash in a banks vault, at that point the bank putts enthusiasm on it, and can utilize it in the event that it needs to. Up to a specific measure of it remains in the bank on the off chance that you need to come and withdraw.

5 0
3 years ago
Read 2 more answers
Career prep b final exam / post test
MariettaO [177]
Do you need help or are you telling?
4 0
3 years ago
Spurling et al. investigated the effects of two vocabulary learning strategies on word retention two weeks later. in this exampl
oee [108]

Learning strategy is the <u>independent </u>variable and word retention is the <u>dependent </u>variable.

A dependent variable is the thing that is being measured or tested by changes in the independent variable. Spurling wanted to test how word retention <em>depended </em>on different learning strategies.

7 0
3 years ago
Read 2 more answers
Give an example of a type of presentational aid you have used in a past speech. Do you feel the presentational aid was effective
const2013 [10]

Answer:

assistant chief of staff body guard

8 0
3 years ago
Other questions:
  • What is budgeting time for a presentation?
    15·2 answers
  • On December 31, 2020, Berclair Inc. had 200 million shares of common stock and 3 million shares of 9%, $100 par value cumulative
    15·1 answer
  • Waterway Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is avai
    6·1 answer
  • According to "The US Economy: Private and Public Sectors", goods provided by government that fit the definition of a public good
    5·1 answer
  • PLEASE HELP ME!!!!!!!! Shannon spent time removing the background of an image in her PowerPoint presentation. She then saved the
    8·1 answer
  • Green Manufacturing Company produces a product that has a variable cost of $30 per unit. Fixed costs amount to $240,000. The sel
    15·1 answer
  • If the expected proportionate change in the nominal exchange rate, measured in units of domestic currency per unit of foreign cu
    12·1 answer
  • Real estate agents promoting a new recreational development offer a free breakfast and the opportunity to win a trip to Hawaii f
    15·1 answer
  • Companies Heidee and Leaudy are virtually identical in that they are both profitable, and they have the same total assets (TA),
    15·1 answer
  • Оом до<br>4<br>FL001nsndndndnndnxndndnnxnxncncncncnncnncncncncnncncncncncncnvncncncncn​
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!