1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Inga [223]
3 years ago
15

A movie star was paid $1 million in 1960 to do a movie. the cpi was 29.3 in 1960 and the cpi in 2017 was 255. approximately how

much did the movie star earn in 2017 dollars?
Business
1 answer:
densk [106]3 years ago
4 0
CPI is the Consumer Price Index.
CPI is one of the most used statistics.
In 1960 :   CPI 29.3 --------------100 %
In 2017 :   CPI 255 --------------- x %
-----------------------------------------------------
29.3 : 255 = 100 : x
29.3 x = 25,500
x = 25,500 : 29.3
x = 870.3 %
For $1 million in 1960 there is $8.703 million in 2017.
Answer: The movie star earned $8.703 million in 2017.                 
You might be interested in
A company has Net Income of $10, which included $2 of depreciation expense. There were no other noncash expenses in Net Income a
alexandr402 [8]

Answer:

2

Explanation:

The company's cash flow from operating activities can be calculated as follows:

                                                                                                $

Net Income                                                                            10

Add:depreciation expense                                                    2

Less:changes in accounts receivable                                  (5)

(20-25)

Less:changes in accounts payable                                      (10)

(5-15)

Add:changes in inventory                                                     5

(12-7)

Cash flow from operating activities                                       2        

3 0
3 years ago
When the Untied States spend more money then it brings in, what type of spending is it?
dimulka [17.4K]
Spending that goes into our national debt. Debt spending.
6 0
3 years ago
You have just made your first $5,837 contribution to your retirement account. Assume you earn a return of 9.8 percent per year a
Dmitrij [34]
25,741.17
because you multiply 0.098x5,837x45! hope this helps!
3 0
3 years ago
Jim gets a job in a group home for disabled adults. The executive director tells Jim that if he works hard and earns favorable r
Sveta_85 [38]

Answer:

A) meritocratic.

Explanation:

Meritocratic:   It is defined as a social system where people´s status and success depend on their talent, skills, and contribution to society rather than wealth or social position. It gives priority to merit in society and promotes equality in society. The opposite of meritocratic is nepotism, which creates a gap in a society and provides an opportunity to only a privileged one.  Meritocracy term was first time used by Michael Young.

In the given case, Jim get a job, where executive director tell him that if he works hard and earns favorable reviews, he could work his way up to a position of greater responsibility and income. Therefore, such system is referred as Meritocratic.

3 0
3 years ago
In the theory of deregulation economics, cutting taxes allows people to save more money. Banks then loan that money to businesse
telo118 [61]
True

this never works in practice though
3 0
3 years ago
Other questions:
  • In the context of evaluating service quality, _____ refers to the knowledge and courtesy of employees and their ability to conve
    5·1 answer
  • The subject has $8,000 pool and a $2,000 chimney but no porch. a comparable that sold for $199,000 has a $3,000 porch but no poo
    6·1 answer
  • Acquiring a government job based on political loyalty, without regard to ability, is called
    12·1 answer
  • 1. An ATM card is used on January 24 to withdraw cash. What is the balance after this transaction?
    14·1 answer
  • The board of directors of a tile manufacturing company meet to discuss the installment of a new high-end machinery. They all agr
    12·1 answer
  • One consequence of a property distribution by a corporation to a shareholder is thatA.the holding period of the distributed prop
    6·1 answer
  • Determine whether each characteristic describes a general partnership (GP), limited liability company (LLC), both, or neither.
    15·1 answer
  • In a particular country in 1998, the average worker needed to work 25 hours to produce 40 units of output. In that same country
    8·1 answer
  • Vihaan Chemicals Company processes a number of chemical compounds used in disinfecting health club fitness equipment. One compou
    12·1 answer
  • Many advertising organizations say that applying the term "unfair" to an advertisement is
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!