Answer:
In 1980
Explanation:
Year Salary Percentage Salary Increase CPI Increase
1970 $12,000 - -
1980 $24,000 100 50
1990 $36,000 50 83.3
As can be seen in the table, the Professor's salary increase from 1970 to 1980 was twice as much as the CPI increase during the same period.
On the contrary, his salary increase from 1980 to 1990 was significantly less than the CPI increase during the same period.
Therefore, the professor's salary was highest in 1980.
Answer & Explanation:
Modiglani's Life cycle Hypothesis depicts spending & consumption pattern of people, in order to stabilise / or smoothen their consumprtion. The theory has following phases :
- Early (Non Working) Age, Low Income stage : Borrowings are done, to cover up for lack of income that yields desirable stable consumption level.
- Youth, Earning (Working) Age : Savings are done, through surplus of income level over desirable stable consumption level.
- Old, Post retirement (Non working age) : Dissavings are done, funds from previous savings are used to cover for lack of income that yields desirable stable consumption level.
Implication rate for entire economy saving rate : It implies that economy's savings rate is high, if more population comprises of middle aged working population.
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Cost is a <span>term describes what a manufacturer spends for goods or services.
</span>In production, research, retail, and accounting, a cost<span> is the value of money that has been used up to produce something, and hence is not available for use anymore. In business, the </span>cost<span> may be one of acquisition, in which case the amount of money expended to acquire it is counted as </span>cost<span>.</span>
Answer:D. A service company's variable costing income statement includes contribution margin
Explanation:
A variable costing income statement is used to arrive at the contribution margin which is the difference between total sales and total variable costs. The fixed cost is deducted from the contribution to arrive at the net profit or loss
Answer:
If Latisha applies for credit at multiple auto lenders for the same amount within the same week, most credit scoring models will treat this as one credit application.
Explanation:
If you apply for multiple credits during the same week, each credit will be considered an independent credit application by the three credit agencies (Equifax, Experian, and TransUnion). Credit rating agencies have been around for several years, Equifax has been around since 1899, so they already know all the tricks that borrowers can even imagine. Probably several years ago before computers were extremely common, you could trick a credit rating agency by applying to several credits at the same time, but nowadays everything is online and connected, so you are wasting your time and hurting your credit record.
