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vfiekz [6]
3 years ago
14

Henri earned a salary of $50,000 in 2001 and $70,000 in 2006. The consumer price index was 177 in 2001 and 265.5 in 2006. Henri'

s 2006 salary in 2001 dollars is
Business
1 answer:
gladu [14]3 years ago
8 0

Answer:

Henri's 2006 salary in 2001 dollars =$46,666.66

Explanation:

A rise in the price index implies inflation

Inflation is the increase in the general price level. Inflation erodes the value of money.  

This price index is the weighted average price of a basket of goods and services consumed by a typical consumer. It is used to measure the rate of inflation.  

So we can determine the salary in the base year value  as follows:  

2006 Salary in the base year terms=

CPI base year/CPI in the current year × salary in the current year

CPI base year- 177, CPI in the current yea- 256.5,

Salary in the current year - 70,000

Henri 2006 Salary in 2001 Dollar

=177/265.5 ×70,000/265.5 = 46,666.66

Henri's 2006 salary in 2001 dollars =$46,666.66

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In the context of trust and job performance, the ability to focus reflects the degree to which employees can devote their attent
Marrrta [24]

Answer:

A) True

Explanation:

Individuals bring a number of differences to work. They have a variety of personalities, values, and attitudes. When they enter into organizations, their stable or transient characteristics affect how they behave and perform. Moreover, companies hire people with the expectation that they have certain knowledge, skills, abilities, personalities, and values. In the context of trust and job performance, the ability to focus reflects the degree to which employees can devote their attention to work.

3 0
3 years ago
Read 2 more answers
Permanent accounts would not include: a. Accumulated depreciation b. Cost of goods sold. c. Current liabilities d. Inventory
SCORPION-xisa [38]

Answer:

The correct answer is letter "B": Cost of goods sold.

Explanation:

Permanent accounts are those that do not close at the end of a period because their values are measured cumulatively. They include asset, liability, and capital accounts. Permanent accounts are reported in the Balance Sheet. They are the opposite of temporary accounts which are closed period by period.

<em>Asset accounts such as accumulated depreciation and inventories or Liability accounts like current liabilities are considered permanent accounts. Cost of goods sold is considered a temporary account.</em>

8 0
3 years ago
What is the variable cost of sterilizing an instrument using the new equipment
yanalaym [24]

Answer:

Results are below.

Explanation:

Giving the following information:

Month Number of instruments used Total autoclave cost

January 634 $7,466

February 534 6,526

March 734 7,148

April 934 9,028

May 834 7,744

June 1,034 8,596

July 1,234 10,009

August 1,134 9,924

<u>To determine the fixed and variable cost, we need to use the high-low method:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (10,009 - 6,526) / (1,234 - 534 )

Variable cost per unit= $4.9757 per unit

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 10,009 - (4.9757*1,234)

Fixed costs= $3,869

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 6,526 - (4.9757*534)

Fixed costs= $3,869

Total cost= 3,869 + 4.9757x

x= number of instruments

5 0
2 years ago
Mark is interested in becoming a bio
maxonik [38]

Answer:

ok

Explanation:

4 0
3 years ago
Selected financial statement data for Schmitzer Inc. is shown below: 2021 2020 Balance sheet: Inventories 75,000 63,000 Ratios:
kondaur [170]

The amount of net sales for 2021 is $1,035,000.

Average inventory = (Beginning inventory + Ending inventory) / 2

Average inventory = ($63,000 + $75,000) /2

Average inventory = $69,000

  • The formula for Inventory turnover ratio is <em>{Cost of goods sold/Average inventory]</em>

6 = Cost of goods sold / $69,000

Cost of goods sold = $414,000

Given Gross profit ratio is 40%: Gross profit = 40% on sales

Let the sales be $K

Gross profit = Sales - Cost of goods sold

0.4K = K - $414,000

0.4K = $414,000

K = $414,000 / 0.4

K = $1,035,000

Therefore, the amount of net sales for 2021 is $1,035,000.

See similar solution here

<em>brainly.com/question/14161287</em>

7 0
2 years ago
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