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maxonik [38]
3 years ago
15

Alfonso wants to know what the cost of living would be in four different cities. He looks at circular ads from each of the citie

s and finds the prices of goods that he would normally buy during a typical trip to the grocery store each week. He adds up what he would pay for each grocery trip in the different cities and calls the sum "Price of Grocery Basket." He compares theses costs to what he would earn in each city.
Compute Alfonso’s real wage in terms of how many baskets of groceries his wage could purchase and complete the "Real Wage" column with this information.
Instructions: Round your answers to whole numbers.
Alfonso’s Nominal and Real Wages

City Price of Grocery Basket
(dollars) Nominal Wage
(dollars) Real Wage
(baskets of groceries)
Boston $187.17 $56,000
Pittsburgh 174.74 50,000
Minneapolis 169.62 55,000
Houston 155.00 45,000
Business
1 answer:
valina [46]3 years ago
8 0

Answer:

Boston = 299.20

Pittsburgh = 286.14

Minneapolis = 324.25

Houston = 290.32

Explanation:

The computation of real wage is shown below:-

Real Wage = Nominal Wage ÷ Price of Grocery Basket

                      Alfonso Nominal and Real Wages

City           Price of grocery      Nominal wage           Real wage

                           basket                                      (Basket of groceries)

Boston               $187.17              $56,000                 299.20

Pittsburgh          $174.74              $50,000                286.14

Minneapolis       $169.62             $55,000                324.25

Houston              $155.00            $45,000                290.32

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The income statement and the cash flows from the operating activities section of the statement of cash flows are provided below
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Answer and Explanation:

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Add: Depletion expense         $5.4

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Weisman, Inc. uses activity-based costing as the basis for information to set prices for its six lines of seasonal coats.
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Answer:

Results are below.

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4 0
3 years ago
g Estimate the cost of common equity for a firm, given the following information. For the next year, the firm plans to pay a div
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Answer:

The cost of equity is 12.49 percent

Explanation:

The price per share of a company whose dividends are expected to grow at a constant rate can be calculated using the constant growth model of the DMM. The DDM bases the price of a stock on the present value of the expected future dividends from the stock. The formula for price today under this model is,

P0 = D1 / r - g

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As we already know the P0 which is price today, the D1 and the growth rate in dividends (g), we can plug in the values of these variables in the formula to calculate the cost of equity (r)

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100.81 * (r - 0.038) = 8.76

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r = 12.59078 / 100.81

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