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Sedbober [7]
2 years ago
10

Nancy's union has negotiated a three-year wage contract that provides for a 2.4% increase indexed to inflation. The rates of inf

lation are forecast to be 1.62%, 1.93% and 2.21% respectively. How will Nancy's wage increase be expressed in the new contract? A. COLA plus 1.6% B. COLA plus 1.9% C. COLA plus 2.4% D. COLA plus 2.2%
Business
1 answer:
KATRIN_1 [288]2 years ago
3 0

Answer:

C) COLA plus 2.4%

Explanation:

COLA stands for cost of living increase. It refers to the amount that Social Security benefits increase according to inflation rate. This way the Social Security payments should not lose purchasing power against rising inflation, because if inflation rises, the COLA will also increase.

In this case, Nancy's union negotiated an agreement by which the union members' salaries would be 2.4% higher than COLA increases, so they will be 2.4% higher than inflation rate.

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Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on whic
Kay [80]

Answer:

≈ 9644 quantity of card

Explanation:

given data:

n = 4 regions/areas

mean demand = 2300

standard deviation = 200

cost of card (c) = $0.5

selling price (p) = $3.75

salvage value of card ( v ) = $ 0

The optimal production quantity for the card can be calculated using this formula below

= <em>u</em> + z (0.8667  ) * б

= 9200  +  1.110926 * 400

≈ 9644 quantity of card

First we have to find <em>u</em>

u = n * mean demand

 = 4 * 2300 = 9200

next we find the value of Z

Z = ( \frac{p-c}{p-v} )

   = ( 3.75 - 0.5 ) / 3.75   = 0.8667

Z( 0.8667 ) = 1.110926 ( using  excel formula : NORMSINV (0.8667 )

next we find б

б = 200\sqrt{n} = 400

7 0
3 years ago
What takes a new approach to middleware by packaging commonly used applications together, reducing the time needed to integrate
amid [387]

Answer:

D. Enterprise application integration middleware

Explanation:

7 0
3 years ago
Cheyenne Corp. uses the percentage of receivables method for recording bad debts expense. The accounts receivable balance is $17
katen-ka-za [31]

Answer:

a. Bad Debt Expense 5100 Allowance for Doubtful Accounts 5100

Explanation:

The adjusting entry is shown below:

Bad debt expense $5,100

       To Allowance for doubtful debts $5,100

(Being the bad debt expense is recorded)

The computation is shown below:

= Account receivable × estimated percentage - credit balance of allowance for doubtful debts

= $170,000 × 5% - $3,400

= $8,500 - $3,400

= $5,100

In order to recording this transaction, we debited the bad debt expense as it increases the expenses account whereas at the same time it reduces the account receivable therefore the allowance for doubtful debts is credited

7 0
3 years ago
Childress Company produces three products, K1. S5, and G9. Each product uses the same type of direct material. K1 uses 4.7 pound
NikAS [45]

Answer:

K1 has contribution of $15.40 per pound

S5 has contribution of $8.50 per pound

G9 has contribution of $11.70 per pound

Explanation:

The contribution per pound of each can be computed by first of all calculating contribution per unit of each of the products produced by Childress company,then dividing each contribution per product by the number of pounds of direct materials used by each product as shown below.

                                            K1                    S5                         G9

Selling price                      $158.38        $114.80                  $204.52

variable costs                    ($86.00)       ($91.00)                 ($139.00)

Contribution per product    $72.38         $23.80                  $65.52

Material usage in pds           4.7             2.8                             5.6

Contribution margin per pd  $15.40    $8.50                           $11.70

       

5 0
3 years ago
A FICO score is a way of _____.
Pani-rosa [81]
A.


A FICO score is a number that banks use when deciding if and how much money they will let you borrow. It's one of many types of credit scores and is determined by the following factors...


Payment history (35 percent)

Amounts owed (30 percent)

Length of credit history (15 percent)

Credit mix (10 percent)

New credit (10 percent)

8 0
3 years ago
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