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Black_prince [1.1K]
3 years ago
12

When the CPI increases from 200 in 2016 to 210 in 2017 and the nominal wage rate is constant at​ $10 an​ hour, the real wage rat

e​ _______. A. is​ $10 an hour B. decreases by 5 percent C. increases to​ $15 an hour D. increases by 10 percent
Business
1 answer:
Alex Ar [27]3 years ago
3 0

Answer:

Option (B) decreases by 5 percent

Explanation:

When the nominal wage rate is $10 and the CPI is 200

The real wage rate

= [Nominal wage rate ÷ CPI in 2017 ] × 100

= [ $10 ÷ 210 ] × 100

= $4.76

Now,

The change in the real wage rate between 2016 and 2017

= [ ( 4.76 - $5.00 ) ÷ $5.00 ] × 100

= - 0.048 ≈ -0.05 or - 5 percent

here, negative sign means decrease

Hence,

Option (B) decreases by 5 percent

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​Mid-Town Auto Parts Company uses the direct method to prepare its statement of cash flows. Refer to the following information r
Lera25 [3.4K]

Answer:

Collection from Customers =$487,000

Explanation:

Collection from Customers=account receivable beginning balance+sales revenue-account receivable ending balance

=97000+$519,000-$65,000

=$487,000

7 0
3 years ago
Sunlight Design Corporation sells glass vases at a wholesale price of $4.50 per unit. The variable cost to manufacture is $1.75
guapka [62]

Answer:

D) 5182 glass vases

Explanation:

<em>Contribution per glass vases:</em>

$4.5 selling price - $ 1.75 variable cost= 2.75

<em>Operating income:</em>

29,000 units x $ 2.75 - $ 8,500 = $71,250 operating income

<em>Target income is to obtain a 20% increase:</em>

71,250 x (1 + 20%) = 85,500 target income:

<em>units needed for target income:</em>

(85,500 target income + 8,500 fixed cost) / 2.75 contribution per unit= 34.181,81

aditional glass vases needed for target income:

34,182 - 29,000 = 5,182

3 0
3 years ago
promissory note received from a customer in exchange for an account receivable is recorded by the payee as
luda_lava [24]

Answer: Note Receivable

Explanation:

A Note Receivable is a written document from a party promising to repay another party with interest on amounts borrowed in form of cash or otherwise thereby creating a debtor - creditor relationship between them.

When a promissory note is received from a customer in exchange for an accounts receivable it is a <em>Note Receivable</em> and the Payee being the creditor will record it as such.

4 0
3 years ago
Lester's is a globally diverse company with multiple divisions and a cost of capital of 15.8 percent. Med, Inc., is a specialty
eimsori [14]

Answer:

both companies should invest because the NPV of both companies are positive

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.  

When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.

Cash flow in year 0 = - $8.4 million

Cash flow in year 1-7 =  $2.2 million

NPV of Lester with I of 15.8% = 0.54 million

NPV of Med Inc with I of 13.7% = 1.12 million

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

0.54

1.12

5 0
3 years ago
Kraft produces Lunchables, a prepackaged meal usually consisting of several crackers, small slices of meat, and small slices of
V125BC [204]

Answer:

<em>As mothers with a school going children, they are packing a meal which is healthy as well as simple.</em>

Explanation:

As the box color is bright yellow and the food which is inside the box is in a less quantity. <em>The target market for Kraft Lunchables is been considered very very likely </em><u>as mothers with a school going children, they are packing a meal which is healthy as well as simple</u>.  

<em>Because, as we can see in the question, the foods which are mentioned  there are very simple, hygienic and healthy, like a mom is packing a lunch-box for her school going child. </em>

<em>And we can also see the color of that box, the color also indicate the lunch-box that moms give to their child while the child is going to a school.</em>

3 0
3 years ago
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