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Nastasia [14]
3 years ago
9

Ford Motor Company agreed to pay its workers ​$37 an hour in 1999 and ​$37 an hour in 2001. The CPI in 1999 was 166 and in 2001

was 180. Calculate the real wage rate in each year​ (to the nearest​ cent). Did these workers really get a pay raise between 1999 and​ 2001?
Business
1 answer:
Grace [21]3 years ago
6 0

Answer:

No, the wage rate did not raise.

Explanation:

Given the nominal wage rate for the year 1999 = $37

CPI for 1999 = 166

The real wage for the year 1999 = [ Nominal wage / CPI ] x 100

The real wage for the year 1999 = [ 37/ 166] x 100 = $22.28

Given the nominal wage rate for the year 2001 = $37

CPI for 2001 = 180

The real wage for the year 2001 = [ Nominal wage / CPI ] x 100

The real wage for the year 2001 = [ 37/ 180] x 100 = $20.55

No the wage rate did not raise.

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You have a chance to buy an annuity that pays $550 at the beginning of each year for 3 years. You could earn 5.5% on your money
Oliga [24]

Answer:

$1,565

Explanation:

Enter the following inputs into financial calculator, we will have:

n = 3 years

Present value (PV): The amount that you should pay for the annuity. This is the missing value we need to calculate

Future value (FV): FV = 0, there is no future value of an annuity

PMT: The amount that annuity pays per year. ($850)

i/r = 5.5%: The interest you expect to receive from the annuity

PV = $1,484

Since the payment is made at the beginning of each year, you should multiply the PV amount by  (1+0.055)

The final answer would be 1,484 x 1.055 = $1,565

The most you should pay is $1,565

7 0
3 years ago
A municipal bond has yield to maturity of 4.83 percent. An investor with a marginal tax rate of 35 percent is indifferent betwee
mezya [45]

Answer: 7.43%

Explanation:

The yield to maturity simply refers to the total return that is expected on a bond as long as the bond is held till it matures.

In this case, since the investor is indifferent between this municipal bond and an otherwise identical taxable corporate bond, the yield to maturity of the corporate bond will be:

4.83% = Corporate bond YTM × ( 1- 35%)

4.83% = Corporate bond YTM × 65%

Corporate bond YTM = 4.83% / 65%

Corporate bond YTM = 0.0483/0.65

Corporate bond YTM = 7.43%

The yield to maturity of the corporate bond is 7.43%

3 0
3 years ago
Michelle always drives down hampton avenue to go to the work. one morning michelle discovers that hampton avenue is closed at wo
Vlad1618 [11]
She follows the Detour signs around the Work Area.
8 0
3 years ago
The basis for Durkheim's theory of society is the principle that Select one: a. people are the products of their social environm
Molodets [167]

Answer:

a. People are the products of their social environment.

Explanation:

The basis for Durkheim's theory of society is the principle that people are  the products of their social environments. around them. Emile Durkheim is a well known sociologist  and developed lots of social structure theories, which includes the Division of labor, Anomie and Functionalism. The theories of Emile Durkheim's  were founded on the concept of social facts, defined as the norms, values, and structures of society.

4 0
3 years ago
Reece is trying to increase the number of products he sells every week so he will get a promotion this year. What are accurate w
gizmo_the_mogwai [7]

Answer:

intermediate goal

career goal

Explanation:

A goal is a desired result am individual wants to achieve in the future. Goals are usually time bound, that is they are meant to be achieved in a given time frame.

In the given instance Reece is trying to increase the number of products he sells every week so he will get a promotion this year.

With regards to duration goals can be short term, intermediate, or long term.

His goal of increasing weekly sales is an intermediate one.

Career goals are those that are measured by level of achievement on one's job. Reece is looking at getting a promotion in this year.

5 0
3 years ago
Read 2 more answers
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