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
kherson [118]
3 years ago
9

Imagine that after completing your economics course (you get an A, of course) you are at a family gathering. Your grandmother as

ks you about a news story she read this morning. The story explained that when the government adjusts Social Security payments for inflation, it generally uses the CPI-W, which is the Consumer Price Index for Urban Wage Earners and Clerical Workers. Because senior citizens spend a lot more than average on medical care, adjustments to their Social Security payments are not keeping up with their cost of living.
Last year I received $15,000 per year from the government. The story said that the CPI increased from 144 to 162. How much will I get this year?
Business
1 answer:
Maksim231197 [3]3 years ago
3 0

Answer:

$16,875

Explanation:

The amount received per year is $15,000 and the CPI increased from 144 to 162

Inflation rate = (New CPI - Old CPI)/Old CPI * 100

Inflation rate = 162-144/144 * 100

Inflation rate = 0.125

Inflation rate = 12.5%

Amount received = $15,000 * 12.5% = $1,875

==> $15,000 + $1,875 = $16,875

So, Grandmother will receive $16,875

You might be interested in
Nishi Corporation prepares financial statements for each month-end. As part of its accounting process, estimated income taxes ar
choli [55]

Answer:

1. $4,100

2a. Dr Income tax Expense $4,100

Cr Income tax payable $4,100

2b. Dr Income tax payable $33,926

Cr Cash $33,926

Explanation:

1. Calculation to Determine the amount of the accounting adjustment

Income tax payable for quarter 4 $33,926

Less: Unadjusted balance in Income tax payable account $29,826

Accounting adjustment to be done as on Dec 31 $4,100

2a. Preparation of journal entries to record December 31

Adjustment to the Income as on Dec 31

Dr Income tax Expense $4,100

Cr Income tax payable $4,100

2b. Preparation of the Journal entry to record later January 20 payment of the fourth-quarter taxes.

January 20 payment of the fourth-quarter taxes.

Dr Income tax payable $33,926

Cr Cash $33,926

3 0
3 years ago
You and two partners start a company. However, your partners play no role in running the company. You spend all your time managi
GalinKa [24]

Answer:

The correct answer is letter "D": Opportunity cost.

Explanation:

Opportunity cost is described as the return of the choice selected over the potential return that could have been obtained from the choice left  behind. It represents the return of the option chosen compared to the choice forgone. Opportunity costs is also defined as the return of the best next available option.

4 0
3 years ago
The fact that the equilibrium quantity of loanable funds may increase along with an increase in the real rate of interest A. ass
joja [24]

Answer:A. assumes that demand for loanable funds increases with supply remaining unchanged

Explanation:

Loanable funds is the sum total of all the money people and entities in an economy have decided to save and lend out to borrowers as an investment rather than use for personal consumption. ... One way to make an investment is to lend money to borrowers at a rate of interest.

7 0
3 years ago
Mary’s Flower Boutique needs to ship finished goods from its manufacturing facility to its distribution warehouse. Annual demand
ElenaW [278]

Answer:

average annual transportation inventory for each alternative are 16.4383 , 5.4794,  27.3972

Explanation:

Given data

Annual demand A = 2000 flower

transit time t1 = 3 days

transit time t2 = 1 day

transit time t3 = 5 days

to find out

What is the average annual transportation inventory for each alternative

solution

we will apply here  average annual transportation inventory formula that is

average annual transportation inventory = t × A / 365

put the value t1 , t2 and t3 for annual demand 2000

so

average annual transportation inventory = t × A / 365

average annual transportation inventory = 3 × 2000 / 365 = 16.4383

and

average annual transportation inventory = t × A / 365

average annual transportation inventory = 1 × 2000 / 365 = 5.4794

and

average annual transportation inventory = t × A / 365

average annual transportation inventory = 5 × 2000/ 365 = 27.3972

8 0
3 years ago
An equivalent description of the holding of a receive-floating pay-fixed swap is as follows: A. An exchange of a long position i
serious [3.7K]

Answer:

The correct answer is

A)  An exchange of a long position in a fixed-rate bond for a short position in a floating-rate note.

Explanation:

Swapping a fixed interest for a floating one can occur if the fixed interest tenure in comparison to a floating exchange rate becomes less expensive for the entity who took the loan.

Also executing a swap in interest rates (that is giving up the fixed tenure for the floating tenure) helps to ensure that liabilities are kept at minimum whilst assets are maximised.

It is important to note that the capital remains unmodified.

Cheers

4 0
3 years ago
Other questions:
  • Should social responsibility or market forces determine whether an organization strives to create a diverse workforce? why?
    7·1 answer
  • The Allowance for Doubtful Accounts: Multiple Choice Is credited when bad debts expense is estimated and recorded. All of the op
    11·1 answer
  • Donna Forrester's gross pay is $72,500 a year. The state income tax is 3% of taxable wages. Donna takes a married exemption of $
    10·2 answers
  • Benjamin co. has three products a, b, and c, and its fixed costs are $67,200. the sales mix for its products are 3 units of a, 4
    14·1 answer
  • 1. Which design style resembles a half-moon?
    6·2 answers
  • 1. __________ is the act of declaring a drivers license void and terminated when it is determined that the license was issued th
    7·1 answer
  • Which of the following best describes the type of loss covered by the Spoilage Damage insuring agreement of the ISO Equipment Br
    7·1 answer
  • Help me with these please? Marking brainliest for best answer! On a time crunch
    15·1 answer
  • Pyrdum Corporation produces metal telephone poles. In the most recent month, the company budgeted production of 3,500 poles. Act
    15·1 answer
  • Three law partners form a Cross-Purchase Buy and Sell agreement. This agreement is funded with individual life insurance. How ma
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!