Answer:
(a) 10.4%; 16.73%
(b) 6.33%
Explanation:
Given that,
Wages paid to the workers in 2016 = $25 per hour
Price level in 2016 = 241
Wages paid to the workers in 2017 = $41 per hour
Price level in 2017 = 245
Real wage rate in 2016:
= (Nominal wages ÷ Price level) × 100
= ($25 ÷ 241) × 100
= 0.104 × 100
= 10.4%
Real wage rate in 2017:
= (Nominal wages ÷ Price level) × 100
= ($41 ÷ 245) × 100
= 0.1673 × 100
= 16.73%
Therefore, the real wage increase received by these workers in 2017 is calculated as follows:
= Real wage rate in 2017 - Real wage rate in 2016
= 16.73% - 10.4%
= 6.33%
Hence, these workers do get a raise between the two years.
Do u also want some sources?
Answer:
Unlimited Liability
Explanation:
Jason, Jeanette, and their eight other friends are forming an unlimited liability corporation, which exist in a few Canadian provinces (Alberta, Nova Scotia, and British Columbia).
In unlimited liablity corporations, as the name implies, partners have unlimited liability in case of bankruptcy or default. This means that if the company fails, partners do not only provide their capital contributions, but also their personal wealth. (for example, their houses, cars, appliances, etc).
Answer:
answer 1. 9.24%
answer 2. 13.24%
Answer 3. 22.48%
Answer 4. $1,134.20
Explanation:
answer 1
Coupon amount = Face value * coupon rate
=1000*9%
=$90
current price of bond=$974
Current yield = Coupon amount/current price of bond
=90/974
=0.09240246407 or 9.24%
answer 2.
sale price after one year = 1103
purchase price or opening price = 974
Capital gains yield = (Sale price - Purchase price)/Purchase price
=(1103-974)/974
=0.1324435318 or 13.24%
Answer 3
One year coupon received = $90
Expected return of bond = Current yield + Capital gains yield
=0.09240246407+0.1324435318
=0.2248459959 or 22.48%
Another formula:
Expected return on bond = (Coupon received + sale price - purchase price)/Purchase price
(90+1103-974)/974
=0.2248459959
or 22.48%
Answer 4
Calculator inputs
I/Y (discount rate)= 8%
N (number of periods ) = 10
PMT (coupon amount) = 1000*10% =100
FV (face value) = 1000
press CPT and then -PV
Answer will be $1,134.20
<span>These product categories represent the breadth of Eskimo Joe's product assortment. The breadth of product assortment refers to the amount of product lines, not necessarily the amount of a single product. Here, Eskimo Joe's frequently sells different product lines (clothing, hats, etc.). Thus, these categories represent the breadth of his assortment.</span>
