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diamong [38]
3 years ago
5

A report indicated that the average real wage in manufacturing declined by 2 percent between 1990 and 2000. If the CPI equaled 1

.30 in 1990, 1.69 in 2000, and the average nominal wage in manufacturing was $35 in 2000, what was the average nominal wage in manufacturing in 1990?
Business
1 answer:
inn [45]3 years ago
8 0

Answer:

W = $27.34

Explanation:

Given data:

Percentage Decline in average income is = 2%

CPI in 1990 1.30

CPI in 2000 is 1.69

Average nominal wage is 2000 is $35

Inflation rate is given as

Inflation rate = % Change in CPI

                    = (1.69 / 1.3) - 1

                    = 1.3 - 1 = 0.3 = 30%

Real wage = Nominal wage / Price level,  hence

Percentage change in real wage = % Change in (nominal wage - inflation rate)

-2% = % Change in nominal wage - 30%

% Change in nominal wage = 28%

let nominal wage in 1990 is w

W\times 1.28% = $35

solving for W = $27.34

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4 years ago
Which account would normally not require an adjusting entry?
umka2103 [35]

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3 years ago
When asked why she participated with other students in a protest against treatment of women on her campus, Kai says that all hum
stira [4]

Answer:

The correct answer is A. postconventional.

Explanation:

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Those individuals who reach the postconventional level have their own ethical principles, which include basic human rights such as life, freedom and justice; they see the rules as useful but modifiable mechanisms, instead of absolute norms that must be obeyed without questioning.

Because individuals with a postconventional reasoning overlap their own moral evaluation of situations about social conventions, their behavior, especially in stage six, can sometimes be confused with that of those who are in the preconventional stage.

7 0
4 years ago
Imagine Tom's annual salary as an assistant store manager is $30,000, he owns a building that rents for $10,000 yearly, and his
koban [17]

Answer:

B. keep his shop going because he's earning a healthy $35,000 a year

Explanation:

Imagine Tom's annual salary as an assistant store manager is $30,000, he owns a building that rents for $10,000 yearly, and his financial assets generate $1,000 per year in interest. One day, after deciding to be his own boss, he quits his job, evicts his tenants, and uses his financial assets to establish a bicycle repair shop. To run the business, he outlays $15,000 in cash to cover all the costs involved with running the business, and earns revenues of $50,000.

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3 years ago
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mel-nik [20]

Answer:

Receptionist (Full-time).

Explanation:

Phetoloportia Communications Inc. is an Engineering and ICT company focused on power distribution, disaster recovery solution, systems integration, network security, and broadband technology services. Our businesses are strongly channeled to providing reliable power, turnkey, integrated technology solutions to hotels, financial institutions, schools, oil and gas, and governmental agencies in the United States of America.

<em>We are recruiting to fill the job position below;</em>

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How to Apply

All interested and qualified candidates should send their curriculum vitae (CV) in pdf format using the Job Title and ID as the subject of the mail e.g (Receptionist - 010345) to phetoloportiaatpci.com

3 0
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