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andreyandreev [35.5K]
3 years ago
9

You are offered two jobs, one in Chicago paying $67,000 and one in Dallas paying $58,000. The price index in Chicago is 110.8, a

nd in Dallas it is 91.5. If real wages are the only consideration, then you would _________.
Business
1 answer:
Sergeu [11.5K]3 years ago
6 0

Answer:

you definitely take the job in Dallas because the real wage is higher there.

Explanation:

given data

Chicago paying = $67,000

Dallas paying = $58,000

price index in Chicago = 110.8

price index in Dallas = 91.5

solution

we get here Real wage in Chicago that is

Real wage in Chicago = 67000 × \frac{100}{110.8}  

Real wage in Chicago = $60469

and

Real wage in Dallas is  

Real wage in Dallas = 58000 × \frac{100}{91.5}  

Real wage in Dallas = $63388

so you definitely take the job in Dallas because the real wage is higher there.

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Answer:

B. Workers prefer companies that minimize operating costs.

C. The owners of stock are society.

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Explanation:

The intrinsic stock value does not need to reflect the market value of the company stock. However, the intrinsic stock reflects the company's lucrative aspect, something more intuitive that describes the company's operating. Therefore, a high intrinsic stock value reflects a company with great reputation.

A company with high intrinsic stock will surely attract more talent, as the talent pool is motivated by working in a reputable, efficient company. This kind of company is surely cost-effective in terms of operation too.

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An augmented product is any extra value that is attached to a physical product that is sold.
sesenic [268]
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What is one of the three functions of the central vision area of a driver?
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3 years ago
Bantam company calculated its net income to be $38,775 based on the unadjusted trial balance. The following adjusting entries we
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Answer:

the amount of net income or loss is $39,285

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The same should be considered and relevant

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3 years ago
Rutgers Racquet Club adjusts its accounts monthly. Club members pay their annual dues in advance by January 15. The entire amoun
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Answer:

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Dr accounts receivable 1,200

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Dr insurance expense 4,200

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4. Rutgers Racquet Club was built in 20x1. The cost of the building and equipment was $320,000. Depreciation of the club's building and equipment is based on an estimated life of 20 years and a salvage value of $80,000. The straight-line method of depreciation is used.

Dr depreciation expense 12,000

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5. A 36-month bank loan in the amount of $108,000 had been obtained by Rutgers Racquet Club on December 1, 20x5. Interest is computed at an annual rate of 9%. The entire $108,000, plus all of the interest accrued over the 36-month life of the loan, is due in full on December 1, 20x8.

Dr interest expense 810

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7. Unrecorded Income Taxes Expense accrued in December amounts to $16,000. This amount will not be paid until January 15, 20x6.

Dr income tax expense 16,000

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3 years ago
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