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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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Gareth bought a home for $135,000. The home gained 2. 2% in value every year for eight years until Gareth sold it. How much prof
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The amount of profit made by Gareth upon the sale of the home is $26,700.

Computation:

Given,

P = Principal Amount of $135,000

i = interest rate of 2.20%

n =number of years are 8 years

First, the value of the home at the end of the 8th year will be computed by using the formula of future value.

\begin{aligned}\text{Future Value}&=P\times(1+i)^n\\&=\$135,000\times(1+0.022)^8\\&=\$160,672.27\end{aligned}

Now, the profit will be computed by taking the difference of the future value of the home and the purchase price or the principal amount of the home.

\begin{aligned}\text{Profit}&=\text{Future Value\;-\;Principal Amount}\\&=\$160,672.27-\$135,000\\&=\$25,672.27\;\text{or}\;\$25,700\end{aligned}

Therefore, at the time of sale of the home, the amount of profit gained by Gareth is $25,700.

To know more about future value, refer to the link:

brainly.com/question/1759639

3 0
2 years ago
TD Ameritrade is a company that buys and sells stocks and bonds as well as providing its customers with advice on when to buy an
Arisa [49]

TD Ameritrade is an example of a brokerage firm, a type of non depository financial institution.

<h3>What are financial institution?</h3>

Financial institution is referred as statutory body which helps in dealing with the financial transactions which includes withdrawing and depositing of  money, allowing loans and helping in exchange for  the currency.

A brokerage business is a location where stock buyers and sellers can exchange. The company serves as a mediator between buyers and sellers and offers an open trade environment.

This brokerage helps to crack the best deal for their clients. They help to negotiate to get the best resources for business and achieve profit.

Therefore, TD Ameritrade shows the example of brokerage firm.

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larisa86 [58]

Answer: True

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Global advertising can be referred to as advertising on global scale unification or captivating marketable benefit of worldwide operational variances, similarities and chances in order to accomplish global aims. It is also known as a method where similar universal message is functional at a global scale<u><em>.</em></u>

4 0
2 years ago
During the process of operational planning, management must compare market demand with
sasho [114]
During the process of operational planning, management must compare market demand with Capacity.
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The argument advanced by Milton Friedman for adopting a monetary growth rule is that A. the growth rate of M1 has been unstable.
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Answer:

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Explanation:

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