Answer:
The answer is $5767641.92
Explanation:
PV of an Annuity = C x [ (1 – (1+i)-n) / i ]
PV of an Annuity = $1,600,000 x [ (1 – (1+0.12)-5) /0.12 ] = $5767641.92
The present value of the prize is $5767641.92
Answer:
$150,900
Explanation:
Calculation for what The cost of goods manufactured for June was:
Direct materials $56,800
Direct labor $30,700
Manufacturing overhead applied to work in process $53,900
Total manufacturing costs $141,400
Add: Beginning work in process inventory $31,000
$172,400
Less: Ending work in process inventory $21,500
Cost of goods manufactured $150,900
($172,400-$21,500)
Therefore The cost of goods manufactured for June was:$150,900
<span>This invisible barrier is called the glass ceiling. There are multiple factors that enable such a thing, including (but not limited to) prejudices against women in the work place, lack of recruitment of women to certain types of jobs that are historically performed by men (i.e. science, engineering, etc), and lack of mentoring on the job.</span>
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
