All categories

3 years ago

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 1960. Average lifetime lengths have increased by 12%, the number of hours worked per week has decreased by 17% , and homes have more than 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.

You might be interested in

Gere Furniture forecasts a free cash flow of $40 million in Year 3, i.e., at t = 3, and it expects FCF to grow at a constant rat

LenKa [72]

Answer:

Option (A) is correct

Explanation:

Given that,

Free cash flow in Year 3, FCF3 = $40 million

FCF to grow at a constant rate, g = 5%

Weighted average cost of capital, WACC = 10%

Cost of equity = 15%

Therefore,

Horizon Value at year, t = 3:

$=\frac{FCF4}{(WACC-g)}$

$=\frac{FCF3(1+g)}{(WACC-g)}$

$=\frac{40(1+0.05)}{(0.10-0.05)}$

$=\frac{42}{0.05}$

= $ 840

4 0

3 years ago

Simon, a trainer, meets with his team to discuss the possibility of senior engineers training the new engineers. He also meets w

snow_tiger [21]

Answer and Explanation: Under the given case or scenario, we can state that Simon is at the step of gathering the facts, information and data and therefore organizing these facts. Here, in this case it is provided that Simon is a trainer that on meeting with his team wishes to discuss the fact that there is a need of senior engineers training the new engineers.

5 0

2 years ago

True or false: An aspect of product performance that is mission-critical, such as safety for an automobile, increases price sens

kicyunya [14]

Answer:

False

Explanation:

You can only say an aspect of product performance is mission critical is the sensitivity of the price has been suppressed. Hence the safety of an automobile is a very important factor hence price sensitivity should not increase. In a situation where the product performance is not regarded as mission-critical and if the product fails it is not so significant, then price sensitivity increases.

7 0

2 years ago

A project's incremental cash flow is the difference between the firm's cash flow if it accepts the project versus if it rejects

julia-pushkina [17]

Answer:

false

Explanation:

Incremental cash flow is the additional cash flow from a project after the initial investment.

if a project has an initial cost of $1 million in Year 1 and no other costs or revenues, then the incremental cash flow in that year will be 0

8 0

3 years ago

A corporation has a NLTG of $40,000 and a NSTL of $10,000 in the current year. It had capital gains/(losses) as follows

Snowcat [4.5K]

Answer:

C. 30000

Explanation:

net capital gain

= net long term capital gain in current year - net short term loss in current year

= $40,000 - $10,000

= $30,000

Therefore, THE CORPORATION ADD $30,000 TO ITS OTHER INCOME DUE TO CAPITAL GAINS TO DETERMINE TAXABLE INCOME IN THE CURRENT YEAR.

4 0

3 years ago