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Nat2105 [25]
4 years ago
12

A movie star was paid $1 million in 1960 to do a movie. The CPI was 29.3 in 1960 and the CPI in 2014 was 240. Approximately how

much did the movie star earn in 2014 dollars
Business
1 answer:
valentinak56 [21]4 years ago
5 0

Answer:

$8.19 million

Explanation:

A movie star was paid $1 million in 1960 to do a movie

The CPI was 29.3 in 1960

The CPI in 2014 was 240

Therefore the amount that was earned in dollars by the movie star in 2014 can be calculated as follows

= 240/29.3

= 8.19 × $1 million

= $8.19 million

Hence the movie star earned $8.19 million in 2014

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The law of increasing opportunity costs states that Group of answer choices increases in the production of one good require larg
jeyben [28]

Answer:

Increases in the production of one good require larger and larger sacrifices of the other good

Explanation:

Option first is correct because the opportunity cost refers to the sacrifice of another commodity in order to increase the production of one commodity. For example, if a country produces two commodities that are wheat and paddy. So if the country wants to increase the production of wheat then it has to decrease the production of paddy. Thus, the magnitude of decrease of paddy is the opportunity cost of wheat. Therefore, option A is correct.

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3 years ago
How can people make sure their budgets remain balanced?
GrogVix [38]
By watching what they spend and keeping track of it. They can also just buy things they need and not what they want.
5 0
3 years ago
Garth Company sold goods on account to Kyle Enterprises with terms of 2/10, n/30. The goods had a cost of $600 and a selling pri
Sati [7]

This are the record of both the sale on the books of Garth Company and the purchase on the books of Kyle Enterprises

Journal entry on Gerth Company Books

Dr Account receivable 1,100

Cr Sales 1,100

Cr Cost of goods sold 600

Cr Inventory 600

Journal entry on Kyle’s books:

Dr Inventory 1,100

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6 0
4 years ago
Stock J has a beta of 1.23 and an expected return of 13.25 percent, while Stock K has a beta of .84 and an expected return of 10
padilas [110]

Answer:

  • a. What is the portfolio weight of each stock?

Stock J    0,5047  

Stock K   0,4953

  • b. What is the expected return of your portfolio?

Stock J   6,69%

Stock K   5,25%

Portfolio : 11,94%

Explanation:

To find the Beta that equals to market we need to know how much is x (weight of each stock in the portfolio) with an equation of one variable that equals to 1.

Portoflio with the same risk as the market means a beta of 1,00    

1,23 (x) + 0,84 (1-x) = 1    Stock J = 0,4103  

1,23x + 0,84 - 0,84x = 1    Stock K = 0,5897  

1,23x - 0,84x = 0,16    

0,39x = 0,16    

x = 0,16/0,39    

x = 0,4103    

The expected return of the portfolio it's defined by the weight of each stock and the expected return.

Stock J  13,25%  0,5047  6,69%

Stock K  10,60%  0,4953  5,25%

Portfolio       1,00  11,94%

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3 years ago
Before you could train as a physician, you first had to become _____.
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Before you could train as a physician, you first had to become, a SCRIBE
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