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Andreyy89
3 years ago
15

In 1931, President Herbert Hoover was paid a salary of $75,000. Government statistics show a consumer price index of 15.2 for 19

31 and 229.6 for 2012. President Hoover's 1931 salary was equivalent to a 2012 salary of about:_______.a. $4,965.b. $1,132,895.c. $1,057,894.d. $16,080,001.
Business
1 answer:
uranmaximum [27]3 years ago
6 0

Answer:

B) $1,132,895

Explanation:

If the CPI = 15.2 in 1931, and in 2012 it was = 229.6, then President Hoover was making a fortune = (229.6 / 15.2) x $75,000 = $1,132,895, and he was a terrible president, one of the worst ones in all history.

In 2012 when President Obama was in office, he made around $400,000 and he was a much better president.

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Answer:

$ 5.34

Explanation:

Calculation for cost per equivalent unit for conversion costs for September

First step is to find the Equivalent units of production

To complete beginning work-in-process:

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Equivalent units of production 98,600

Second step is to calculate the Cost per equivalent unit using this formula

Cost per equivalent unit =Cost added during the period ÷Equivalent units of production

Let plug in the formula

Cost per equivalent unit = $526,524÷98,600

Cost per equivalent unit = $5.34

Therefore The cost per equivalent unit for conversion costs for September is closest to $ 5.34

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3 years ago
Wang Company accumulates the following adjustment data at December 31. For each item, indicate (1) the type of adjustment (prepa
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Answer:

a. Services performed but unbilled totals $600.

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4 0
2 years ago
To adequately evaluate an investment​ center's financial​ performance, summary performance measures should include both the​ div
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Answer:

True

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A company manager should be able to appraise its operations profit and capital used to generate the profit.

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3 years ago
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Answer:

Correct option is C.

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