3 years ago

In inflation-adjusted dollars, how have average wages in the united states changed in the last 20 years?

Business

1 answer:

blagie [28]3 years ago

7 0

Wages have stayed the same.

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Dawn Swift discovered that 20 years ago, the average tuition for one year at an Ivy League school was $15,000. Today, the aver

KATRIN_1 [288]

Answer:

C. 7.18%

Explanation:

Formula for calculating growth rate

= (Current amount/initial amount) ^ 1/n - 1

Given that

Initial amount = 15000

Current amount = 60000

n = 20

Therefore,

Growth rate = (60000/15000)^1/20 - 1

= (4)^1/20 - 1

= 1.07177 - 1

= 0.07177

To percentage we multiply by 100

So,

= 0.07177 × 100

= 7.177%

Approximately

= 7.18%

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3 years ago

Below are amounts found in the income statements of three companies.

bija089 [108]

Answer:

Explanation:

Below are amounts found in the income statements of three companies.

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3 years ago

Using the following information, prepare a bank reconciliation for Cullumber Company for May 31, 2022. a. The bank statement bal

N76 [4]

Answer:

Bank Reconciliation Statement:

Balance as per bank Statement $9,100

Balance as per Cash Book: $6,830

Less: Bank Charges: $(10)

Add: Note Collection in bank: $420

Adjusted cash book balance $7,240

Add: Outstanding Checks $2,460

Less: Uncleared Deposits $600

Balance as per cash book: $9,100

Explanation:

Starting point to prepare bank statement is to calculate adjusted cash bank balance by making transactions recorded in bank but not in cash book i.e bank charges and direct deposits.

After that timing differences are adjusted for checks sent for payment but not presented yet in bank to be paid often know as un presented checks and uncleared deposits.

7 0

3 years ago

Read 2 more answers

Potential problems in the supply chain

zhenek [66]

Answer:

Confused lines of responsibility

3 0

3 years ago

Bi-Lo Traders is considering a project that will produce sales of $41,350 and have costs of $23,900. Taxes will be $4,200 and th

just olya [345]

Answer:

$13,250

Explanation:

Bi-Lo traders is considering a project that will produce sales of $41,350 and costs of $23,900

Taxes will be $4,200

Depreciation expense will be $2,425

Therefore the project operating cash flow can be calculated as follows

= $41,350-$23,900-$4,200

= $13,250

Hence the operating cash flow is $13,250

7 0

4 years ago