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Naily [24]
3 years ago
5

If ten years ago the price of a movie ticket was $5 and the average hourly wage was $10, and today the price of a movie ticket i

s $8 and the average hourly wage is $20, then_________.
Business
1 answer:
adelina 88 [10]3 years ago
8 0

Answer:

It means movies are relatively cheaper than working hours

Explanation:

In order to estimate the relativity of the two activities, there is a need to compare the changes over ten years

1. 10 years ago, Movie ticket= $5, 10 Years later Movie ticket= $8, the 10 year difference is $3

2. 10 years ago, average hourly wage = $10, 10 years later, average hourly wage = $20, the 10 year difference is $10

First, it means for the $3 change in movie ticket cost, there was a $10 change in the average hourly wage.

Put differently, while movie ticket got a 60% increase in price 3/5 x 100=60%

Average hourly wage got 100% increase  10/10 x 100= 100%

It means that working hours got more expensive and movie tickets got cheaper

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E-Eyes has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first di
brilliants [131]

Answer:

$25.86.

Explanation:

To address this problem we first calculate the present value of all dividend received at time t = 20, then we discount that sum to time t = 0 (now).

The cashflow pattern of this preferred stock is similar to perpetuty.

Stock value at time t = 20 = Dividend/Required rate of return = 20/10.5% = 190.48

Stock value at time t = 0 = (Stock value at time t = 20)/(1 + Required rate of return)^20 = 190.48/(1 + 10.5%)^20 = 25.86.

6 0
2 years ago
A _____ is a formal, written explanation of a specific job that usually includes job title, tasks to be performed, relationship
worty [1.4K]
Job offer letter is the answer.
6 0
3 years ago
Use this information about Department J to answer the question that follow. Department J had no work in process at the beginning
Aloiza [94]

Answer: $283,140

Explanation:

Total Cost = Materials cost + Conversion cost

Conversion cost per unit = (Direct labor + Factory overhead ) / Equivalent units of production

= (142,300 + 57,200)/ ( 18,000 + (2,000 * 30%))

=  199,500/ 18,600

= $10.73 per unit

Direct material cost is $5 per unit from the question.

Total cost of the 18,000 units;

= (18,000 * 5) + (18,000 * 10.73)

= $283,140

4 0
3 years ago
When determining the markup to be used in a cost-plus pricing formula, many companies base the markup on a target: return on inv
Grace [21]

Answer:

return on investment

Explanation:

At the time of calculating the markup that used for the formula of cost plus pricing many companies would base the markup on the target return on investment as the return on investment considered the net operating income as it takes after considering all the other type of cost

Therefore as per the given situation the first option is correct

6 0
3 years ago
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USPshnik [31]
The answer to this question is "SAVVY" which also means practical knowledge. <span>Being SAVVY means knowing what computers can do, its functionalities, and what they can't, knowing how they can benefit the people especially the students and how they can harm you, knowing when you can solve computer problems and when you have to call for help.</span>
4 0
3 years ago
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