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
Pani-rosa [81]
3 years ago
10

Use the following two links to answer the following questions: Nominal Wages (W) Price index CPI (P) a) (5 points) Calculate the

real wage (W/P) the first month of the recession 12/07 and compare it to the last month of the recession 6/09. What is the percent change in the real wage during this most recent recession
Business
1 answer:
g100num [7]3 years ago
3 0

Answer:

3.45%

Explanation:

the real wage at the beginning of the recession (12/07) = nominal wage / price index Dec. 2007 = $17.70 / 2.1141 = $8.3721

the real wage at the end of the recession (6/09) = nominal wage / price index June 2009 = $18.53 / 2.14527= $8.6609

% change in real wage = [($8.6609 - $8.3721) / $8.3721] x 100 = 3.44955% = 3.45%

Due to the recession, the price index changed less than the nominal wages since the inflation rate was very low. It is normal that during recessions, specially severe ones, the inflation rate decreases or even turns negative (what happened in Europe in those years).

You might be interested in
2. What is a stock exchange?
Arlecino [84]

Answer: A stock exchange, share market or <em>Bourse </em>is a place where people meet to buy and sell shares of company stock. Some stock exchanges are real places, like the <em>New York Stock Exchange</em>, others are virtual places <em>the NASDAQ.</em>

Explanation:

5 0
3 years ago
Up in Smoke Tobacco Shops' bond carries a 9 percent coupon, pays interest semiannually, and has 10 years to maturity. What is th
lara [203]

Answer:

10%

Explanation:

Since the bond is selling at a discount, it means that the coupon rate is blow the market rate, so the actual rate must be higher. Since there is only one option with an interest rate above 9%, we must check to see if it works.

10% yearly interest rate = 5% semiannual interest rate

we must determine the PV of the 20 coupons paid and the face value at maturity.

to calculate the PV of the 20 coupons ($45 each) we can use an excel spreadsheet and the NPV function with a 5% discount rate: PV of the coupons = $560.80

the PV of the face value in 10 years = $1,000 / 1.05²⁰ = $376.89

the present value of the coupons and the bond at maturity = $560.80 + $376.89 = $937.69. The PV using a 5% semiannual rate is very similar to $937.75, and since the question asked us to round up to the nearest whole percent, we can assume it is correct.

6 0
3 years ago
Suppose you bought 100 shares of IBM at $200 per share. What is the maximum loss if you place a stop-loss order at $165
Lynna [10]

Answer:

$3,500

Explanation:

Placing a stop-loss order at $165 means that the last amount that the stock traded, it had a price of $165 per share.

Based on that, it is evident that each stock has lost $35 when compared to the price at which the stop-loss order was placed and the initial cost per share of $200.

Loss per share=$200-$165=$35

The loss incurred on 100 shares of IBM=loss per share*number of shares owned

The loss incurred on 100 shares of IBM=$35*100

The loss incurred on 100 shares of IBM=$3,500

4 0
3 years ago
Human rights violations​
Ganezh [65]

Answer:

Examples include torture, starvation, deprivation of religion, abortion, etc.

Explanation:

I don't know if that's what you need. I can give more examples.

6 0
2 years ago
On December 31, 2020, Brisbane Company had 100,000 shares of common stock outstanding and 24,000 shares of 7%, $50 par, cumulati
prisoha [69]

Answer:

Basic Earnings per share =  $0.81

Diluted Earnings per share =  $0.59

Explanation:

Basic Earnings per share = Earnings Attributable to Holders of Common Stock / Weighted Average Number of Common Stocks

Earnings Attributable to Holders of Common Stock Calculation :

Net income                                                                          $172,905

Less Preference Dividend (24,000× $50×7%)                  ($84,000)

Earnings Attributable to Holders of Common Stock         $88,905

Weighted Average Number of Common Stocks Calculation :

Common Stocks 1 January 2021                                          100,000

Add Common Stocks February 28, 2021                               13,333

Less Common Stocks September 30, 2021                          (3,640)

Weighted Average Number of Common Stocks                109,693

Basic Earnings per share = $88,905 / 109,693

                                           = $0.81

Diluted Earnings per share = Adjusted Earnings Attributable to Holders of Common Stock / Adjusted Weighted Average Number of Common Stocks

Adjusted Earnings Attributable to Holders of Common Stock Calculation :

Net income                                                                          $172,905

Less Preference Dividend (24,000× $50×7%)                  ($84,000)

Earnings Attributable to Holders of Common Stock         $88,905

Adjusted Weighted Average Number of Common Stocks Calculation :

Weighted Average Number of Common Stocks                109,693

Add  incentive stock options                                                 42,000

Adjusted Weighted Average Number of Common Stocks 151,693

Diluted Earnings per share = $88,905 / 151,693

                                               = $0.59

6 0
3 years ago
Other questions:
  • 1. Use the given th term rules to find given<br>sequence 3n+ 1 (5th and 7th term)​
    6·1 answer
  • 12. What was the most important aspect of the southern economy in the late nineteenth and early twentieth centuries? a. Agricult
    9·1 answer
  • When the cost method is used to account for a stock investment the carrying value of the investment is affected by
    8·1 answer
  • HELP!!!
    12·1 answer
  • On January 1, the Matthews Band pays $65,800 for sound equipment. The band estimates it will use this equipment for four years a
    5·1 answer
  • Xenia has 10,000 people. Of this population, 1,000 residents are below age 16, and 2,000 have given up looking for work. Current
    8·1 answer
  • Shrimp Galore, a shrimp harvesting business in the Pacific Northwest, has a 30-year loan on its shrimp harvesting boat. The annu
    12·1 answer
  • The Garden Company began the accounting period with a $46,000 credit balance in its Accounts Payable account. During the account
    7·1 answer
  • Which of these is a personal retirement plan in which earnings are taxed at withdrawal? a. 401(k) b. roth ira c. traditional ira
    14·1 answer
  • Williford Enterprises has purchased common stock from several companies and has classified them as long-term investments. If the
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!