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Ahat [919]
3 years ago
6

Assume you receive a 3.5% raise in your 2014 salary for 2015. In addition, suppose the CPI was 238 in 2014 and 240 in 2015. Your

real wage in 2014 ____.a) increasedb) decreasedc) stayed the samed) it cannot be determined with the given information.
Business
1 answer:
GalinKa [24]3 years ago
4 0

Answer: a. increased

Explanation:

Inflation rate = (CPI of second year - CPI of the first year ) / CPI of the first year

= (240 - 238) / 238

= 0.84%

Your wage increased by 3.5% which is more than inflation so your real wage increased by;

= 3.5 - 0.84

= 2.66%

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. Says law says? Do you agree or disagree with Jean? (Jean Baptiste Say) EXPLAIN. (hint...loanable funds market
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Consider the market in which bag producers operate. Suppose that the price ot a backpack rises. Explain how this event will chan
netineya [11]

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A. The quantity of backpacks supplied increases and the supply of backpacks is unchanged

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A contribution approach income statement ______. reports both gross margin and net income is prepared primarily for external rep
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Answer:

separates costs into fixed and variable component

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6 0
2 years ago
Castor, Inc., is preparing its master budget for the quarter ended June 30. Budgeted sales and cash payments for merchandise for
kobusy [5.1K]

Answer:

Castor, Inc.

Cash Budget for the quarter ended June 30,

                                                  April           May           June

Beginning cash balance         $13,500   $16,165      $31,795

Cash collection  (25%)             13,500       7,625        10,375

Cash collection (75%)             22,875       31,125         19,125

Total cash receipts               $49,875    $54,915     $61,295

Cash payments for goods      23,200     15,300        15,700

Sales commission (5% sales)    1,525       2,075          1,275

Shipping cost (3% sales)              915        1,245            765

Office salaries                          4,500       4,500         4,500

Cash Disbursements           $30,140    $23,120    $22,240

Loans Payable (Repayment)  -3,570

Cash balance                       $16,165     $31,795    $39,055

Explanation:

A cash budget is a tool used by a company's management to forecast of the cash receipts and cash disbursements for a future period of time.  It is an important financial management tool that can be used to decide when to borrow cash to meet shortages and when to invest excess cash to generate income.  Through its preparation, management avoids liquidity problems which can ruin a business.

3 0
3 years ago
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