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SashulF [63]
3 years ago
13

Kathleen just received a bonus from EG. She is excited because her dad started his career with EG. If her bonus of $300,000 is e

quivalent to the bonus paid to her dad 10 years ago, how much was her dad’s bonus? Assume that the average annual inflation rate was 3.8%. (Do not round intermediate calculations. Round your answer to the nearest whole dollar amount.)
Business
2 answers:
Paha777 [63]3 years ago
8 0

Answer:

$206,608.28

Explanation:

in order to determine how much is Kathleen's bonus worth in equivalent dollars 10 years ago, we need to use the present value formula:

  • present value = ?
  • future value = $300,000
  • n = 10
  • r = 3.8%

present value = future value / (1 + r)ⁿ = $300,000 / (1 + 0.038)¹⁰ = $300,000 / 1.452 = $206,608.28

If her dad's bonus was equivalent to hers, then it should have been around $206,608.28.

Alenkinab [10]3 years ago
7 0

Answer:

=$206,608.28

Explanation:

<em>Inflation erodes the value of money,  so to determine the real value of any given amount (nominal) we need to adjust it for infalton.</em>

In the same vein, to calculate her dad's bonus 10 years ago,  we will have to determine the real value of $300, 000 using the annual  inflation rate.

This is determined as follows:

Real bonus = 300,000/1.038

                   =  $206,608.28

The value of her dad's bonus 10 years ago

                  =$206,608.28

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James worked for an automobile plant that has now closed, as the parts produced are no longer needed. Which type of unemployment
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Answer:

"Structural Unemployment"

Explanation:

According to my research on the different types of unemployment that exist in the United States, I can say that the unemployment type described in the question is called "Structural Unemployment". This is an unemployment type that is caused by industrial reorganization, usually this happens when the industry adds new technology that can do certain employees jobs the same or better than them

unemployment resulting from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.

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liubo4ka [24]

Answer:

Positive Statements: 1st & 2nd ; Normative Statements: 3rd & 4th

Explanation:

Positive Economics is <u>objective</u> & <u>facts</u> based <u>actual</u> economic issue description , explaining verifiable phenomenas (causal relationships).

Normative Economics is <u>subjective</u> & opinion based conclusive <u>solutions</u> to economic issues, including '<u>ought to be</u>' unverifiable suggestions.

1. Lung cancer kills millions of people each year: reflects actual objective verifiable fact about an economic (health) issue.

2. Too many people smoke: denotes another actual objective variable fact connected to (potential cause of) the above economic (health) issue.

So , these two are Positive Statements.

3. If the government were to increase taxes on cigarettes, fewer people would smoke : Is subjective opinion based probable solution to the above economic (health) issue.

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Umm can someone answer this please because i need help on this as well
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Partnership XYZ distributed a piece of land in a nonliquidating distribution to Bob, a 50% partner, during the current taxable y
andrezito [222]

Answer:

a. Partnership XYZ's recognized gain (loss)

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b. Bob's taxable gain (income)

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c. Bob's basis in the property

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What international theory attributes security competition and interstate conflict to the lack of an overarching authority in the
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Structural Realism

Explanation:

International politics is basically a struggle for power, but they don't always endorse the conventional logical view that this is a human psychology outcome. The lack of an overall authority over countries and relative power sharing in the international system refer defense rivalry and intergovernmental disputes to them.

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