1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Bezzdna [24]
3 years ago
10

The salary of the president of the United States in 2000 was $400,000. In 1940, the president's salary was $75,000. If the Consu

mer Price Index was 8.1 in 1940 and 100 in 2000, the 1940 presidential salary measured in terms of the purchasing power of the dollar in 2000 would be: a. less than $75,000. b. less than $400,000. c. approximately $668,850. d. approximately $926,000.
Business
1 answer:
pshichka [43]3 years ago
3 0

Answer:

D. Approximately $926,000

Explanation:

To compute the purchasing power of president of the united state's salary in 1940, we will divide 100 by 8.1

= 100/8.1

= 12.3457

The next step is to multiply the above result by $75,000

= 12.3457 × $75,000

= $925,925.93

The above means that in real dollars adjusted to inflation, the president in 1940 earned more than twice the president in 2000

Therefore, 1940 presidential salary measured in yes of purchasing power of the dollar in 2000 would be approximately $926,000

You might be interested in
Identify the major transportation improvements in this period, and explain how they influenced the market economy.
kramer
In the first half of the nineteenth century, the steamboat, canal, railroad and telegraph were presented. This made transportation a great deal less expensive and quicker for organizations. It additionally connected agriculturists to national markets. The railroad gave employments to such huge numbers of Americans, despite the fact that many were foreigners. Telegraph made it conceivable to impart cross country, in any event quicker than mail would. It was for the most part utilized for organizations. Each of the four of these innovations twisted America out of its monetary past by making exchange/business speedier, less expensive, and more productive.
7 0
3 years ago
_____ media are specifically designed to help bring customers eyeball to eyeball with the product--often at the point of sale or
cupoosta [38]

Answer:

This question is incomplete, the options are missing. The options are the following:

a) Exhibitive.

b) Transit.

c) Direct mail.

d) Outdoor.

e) Print.

And the correct answer is the option A: Exhibitive.

Explanation:

To begin with, the term known as <em>"Exhibitive Media"</em>, in the field of marketing and business, refers to the strategy used by the companies whose approach is in the point of sale marketing. This type of strategy focus on exhibiting the product to the costumer the closer as possible so it will generate an impulse on the client of buying the product without having it thought before seeing the product. A very common example of this strategy is the situation in where the supermarkets fill their lines to the cashier with other retails that have product that are attractive at first sight.

6 0
3 years ago
Fill in the blanks: An annuity is worth _______ than a perpetuity, and a constant annuity is worth _______ than a growing annuit
murzikaleks [220]

Answer:

D

Explanation:

8 0
3 years ago
You observe Thundering Herd Common Stock selling for $40.00 per share. The next dividend is expected to be $4.00, and is expecte
Alex777 [14]

Answer:

C

Explanation:

First let calculate the stock intrinsic value to see whether is stock is overvalued or undervalued based on current market price. The stock can be valued using dividend discounted model (DDM). The DDM is stated as below:

Stock value = Next year dividend/(required rate of return - long-term growth)

                   = 4.00/(12% - 5%) = 57.14

The stock intrinsic value is higher than current market price so it is undervalued now. Correct answer is option C

4 0
4 years ago
ASM International, an Australian steel company, claims that a savings of 40% of the cost of stainless-steel threaded bar can be
LekaFEV [45]
Your stupid forehead
7 0
4 years ago
Other questions:
  • Lake Company recorded the following data for the month of January 20xx: Inventories January 1, 20xx January 31, 20xx Direct Mate
    15·1 answer
  • What is a stock split and when does it usually occurs?<br>​
    6·1 answer
  • Which routing protocol does an exterior router use to collect data to build its routing tables?
    5·1 answer
  • ABC, Inc. is considering purchase of a new equipment. The sales are expected to be $808,133 and the total cash expenses are expe
    11·1 answer
  • Company purchased equipment on January​ 1, 2017 for $600,000. The residual value is $60,000 and the estimated useful life is 10
    13·1 answer
  • The vigorous economic growth of the ASEAN countries is linked to the emergence of ________ as a major provider of technology and
    11·1 answer
  • How do you open your own business
    10·2 answers
  • Multiple Choice Question Which of the following is the correct statement about variable costs? The variable cost per unit will i
    9·1 answer
  • ?khokho's coffee house was the first company to introduce flavored coffee in the global market. it sells coffee in several diffe
    8·1 answer
  • While taking courses at a community college, Patrice also spends time each week assisting at her town’s community center. Patric
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!