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QveST [7]
3 years ago
7

The average American’s real income today is about four times what it was in _________.

Business
1 answer:
s344n2d4d5 [400]3 years ago
6 0

Answer:

The average American’s real income today is about four times what it was in <u>1960</u>.  Average lifetime lengths have increased by <u>12%</u>,  the number of hours worked per week has decreased by <u>17%</u> ,  and homes have <u>more than</u> doubled in size.

Explanation;

Economic data shows that Americans make on average, about 4 times what they were making in real income in 1960 due to exponential economic growth.

At the same time, Americans are also living a longer life by 12% on average than in 1960 when the life expectancy was around 70 years. Today it is around 78 years.

Americans are also working fewer hours than their 1960 counterparts because where in 1960 they worked for an average of 50 hours a week, recently that number hovers around 40 hours a week.

Houses built are also larger than they were in the '60s as income has increased and preferences have changed.

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The difference between accounting profit and economic profit is.
Vadim26 [7]

Answer:

Accounting profit - Your actual profit

Economic profit - Profit, but opportunity cost factored out

Explanation:

Accounting profit is how much you made (Revenue - Explicit Cost.

Economic profit includes implicit costs, or opportunity cost. If you could have made $100,000 at a different job, you subtract that. If Accounting-Economic profit is 0 or higher, you should stay in business.

7 0
2 years ago
Hart enterprises recently paid a dividend, d0, of $1.25. it expects to have nonconstant growth of 20% for 2 years followed by a
zepelin [54]

Answer:

Explanation:

Terminal or horizon date is a point in time where a company's dividend experiences a constant growth rate.

In this case, it is mentioned that non-constant growth rate of 20% will happen for first two years and thereafter, a constant rate of 5%; this means that

D1= 1.25(1.20) =1.5

D2 = 1.5 (1.20)= 1.8

Then starting at D3, there's a constant growth rate = 5% so,

D3 = 1.8 (1.05)= 1.89

D4 = 1.89(1.05)= 1.9845

D5 = 1.9845 (1.05) = 2.0837

.....and so on

Therefore, the horizon date would be at the end of the second year i.e. End of Year 2.

8 0
3 years ago
The optimal risky portfolio can be identified by finding: I. The minimum-variance point on the efficient frontier II. The maximu
Darina [25.2K]

Answer:

A. III and IV only

  • The tangency point of the capital market line and the efficient frontier
  • The line with the steepest slope that connects the risk-free rate to the efficient frontier

Explanation:

4 0
2 years ago
Elsem Foods Inc. is a company that manufactures packaged food. It sells several varieties of packaged food such as chips, cupcak
valentina_108 [34]

Answer:

Orange juice, apple juice, cranberry juice, and lychee juice are all product items of Elsem Foods.

Explanation:

A product item is a specific type or variety of product that is different than other products that a company sells.

In this case orange, apple, cranberry and lychee juices are all product items which are part of the tropical fruit juices product line of Elsem Foods.

Elsem's product mix would include chips, cupcakes, candies, crackers, fruit juices, and carbonated drinks (all the product lines that Elsem sells).

5 0
3 years ago
Assume that Hotel Excellent uses activity-based costing to allocate hotel overhead to guests. In Hotel Excellent, if the budgete
Lyrx [107]

Answer:

c. $33.33 per housekeeping hour

Explanation:

The housekeeping department's activity rate is how much each housekeeping hour costs.

This question can be solved by a simple rule of three.

27000 hours cost $900000. How much does 1 hour cost?

27,000 hours - $900,000.

1 hour - $x.

27000x = 900000

x = \frac{900000}{27000}

x = 33.33

So the correct answer is:

c. $33.33 per housekeeping hour

5 0
3 years ago
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