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geniusboy [140]
3 years ago
15

The International Disc Jockey's Union has a wage contract that stipulates a yearly wage increase based on the Consumer Price Ind

ex. If this year's wage is $ 28.00 , the current CPI is 180 , and the contract was first signed in the base year, what was the original salary the first year of the contract? Round your answer to two decimals. original salary: $
Business
1 answer:
Sedbober [7]3 years ago
8 0

Answer:

Salary in base year = $15.56

Explanation:

Consumer Price Index(CPI ): This 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.

The increase in the CPI is taken to be the rate of inflation. For example, if the CPI rose to 110 from 100, this implies an inflation rate of 10% within the time period in focus.

<em>To preserve the purchasing power of workers income, employment contracts  usually allow for wages and salaries to be adjusted for inflation. </em>

<em>The wage or salary in the current year is $28, this figure can be adjusted for using the CPI to arrive at the wage in the base year (i.e salary before the inflation). This is done as follows:</em>

Salary in the base year

= Salary in the current year× (CPI base year/ CP1 in current year)

The CPI in the base year is taken to be 100

Salary in base year = 100/180× 28

                               = $15.56

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Cool Fan Company sells 10,000 units to wholesalers each year at $60 per unit. The materials cost $10 per fan and unit labor cost
eimsori [14]

Answer:

e. $ 350,000

Explanation:

Given: Total number of units= 10000.

           Selling price= $60 per unit.

           The material cost= $10 per fan

           Labor cost= $15 per unit.

           Promotion and marketing cost= $100000.

           Facility expense= $80000.

           Other overhead cost= $20,000.

Now, finding the variable cost of fan.

Variable cost= Total\ material\ cost + Labor\ cost

Variable cost= (\$ 10\times 10000+ \$ 15 \times  10000)

⇒ Variable cost= \$ 100000+\$ 150000= \$ 250000

∴ Variable cost= $250000.

Selling price= (\$ 60\times 10000)= \$ 600000

∴ Selling price of fan is $600000.

Unit contribution= (selling\ price - variable\ cost)

Next find the unit contribution of each fan.

⇒ Unit contribution=  (\$ 600000 - \$ 250000)

∴ Unit contribution of each fan is $350000.

8 0
3 years ago
Why would you like to work for books-a-million,inc. (books a million, bookland, books and co.)?
damaskus [11]
Because I love to read and it would be a great learning experience and it would open a doorway to meet new people and discuss our favorite literature.
8 0
3 years ago
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Smith &amp; Smith has a bond rating of B and an Altman s Z-score of 1.0. This suggests that:
Ghella [55]

Answer:

"The firm has high credit risk" is the correct answer.

Explanation:

  • A Z-Score exceeding 2.99 indicates an organization becomes focused mostly on the economic projections throughout the safe space. Throughout the Grey Zone, a Z-Score among 1.8 as well as 2.99 means that there is indeed a reasonable possibility that the business will go bankrupt throughout the next 2 years.
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3 years ago
The Red Baron saw Snoopy sitting on his dog house, writing his greatest novel. Snoopy was so involved with his story writing tha
Oduvanchick [21]

Answer:

The correct answer is letter "D": intentional infliction of emotional distress.

Explanation:

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8 0
3 years ago
Your health club is offering a free one-year membership for the person who attends the most yoga classes in March. This results
nalin [4]

Answer:

The economic principle is "people usually exploit opportunities to make themselves better off".

Explanation:

Here, the health club is offering a free one-year membership for the person who attends the most yoga classes in March.

So, there is an opportunity for every individual to get a free one year membership. <em>So, more and more people will try to attend more yoga classes in order to obtain free membership for one complete year. </em>This choice will be made by most of the individuals because they want to get rid of paying fee every month. Hence, <em><u>this will tend every individual to grab and exploit that opportunity to make themselves better off.</u></em>

Thus, the increase in people attending yoga classes is based on the economic principle "people usually exploit opportunities to make themselves better off".

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