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makvit [3.9K]
3 years ago
13

Henri earned a salary of $50,000 in 2001 and $70,000 in 2006. The consumer price index was 177 in 2001 and 265.5 in 2006. Henri'

s 2001 salary in 2006 dollars is:______
a. $35,000.00.
b. $46,666.67.
c. $105,000.00.
d. $61,950.00
Business
1 answer:
kvv77 [185]3 years ago
3 0

Answer:

$46,666.67

Explanation:

Henri earned a salary of $50,000 in 2001

He earned $70,000 in 2006

The consumer price index in 2001 was 177 and in 2006 was 265.5

Therefore his salary in 2001 can be calculated as follows

= 70,000/265.5 × 177

= 263.65 × 177

= 46,666.67

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Temka [501]

Answer:

A Dirty Float

Explanation:

A dirty float or managed float, refers to a floating exchange rate system operated by a country's central bank where there are occasional interventions in the foreign excange markets to influence the demand and supply with the intention of curbing perceived volatilities in the currency.

As stated in the question, the intervention of the Central Bank will usually occur when it believes that the currency has deviated too far from its fair value.

The dirty float system is a buffer against external economic influences that may want to disrupt the foreign exchange market in a country.

Actually, from 1946-1971, many industrialized nations around the world operated the fixed exchange rate system or the Bretton Woods agreement but this changed August 15, 1971, when President Richard Nixon decided to exit the United States from this system and till date most nations that intend to protect their domestic markets and industries against external foreign influences have adopted the dirty float exchange system.

8 0
3 years ago
True or false: The role of the government in the free market is limited
MAVERICK [17]

This statement is TRUE

Hope this helps

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3 0
3 years ago
Refer to the table. what is the total amount of producer surplus (per barrel of oil) earned by all four producers if the market
PolarNik [594]
Hello! Sorry this is a little late.

I believe the correct answer to your question is $87.75.

I hope this helps, and have a great rest of your day!
4 0
3 years ago
Read 2 more answers
What are the types of experiences, especially staffing-related ones, that an organization will be likely to have if it does not
lisov135 [29]

Answer and Explanation:

There are various types of experiences that in case when the organization does not engage in HR and staffing planning which are as follows

1. Employees in shortage capacity

2. In shortage of skills

3. Lacking of motivation skills

4. Inflexible working environment

5. Inadequate workforce, etc

These types of experiences the organization is facing if it is not engaged with the HR and the staffing planning

3 0
3 years ago
Harris Fabrics computes its plantwide predetermined overhead rate annually on the basis of direct labor-hours. At the beginning
wolverine [178]

Answer:

$6.7 per direct labor hour

Explanation:

Given:

Direct labor-hours = 20,000

Fixed manufacturing overhead cost = $94,000

variable manufacturing overhead = $2.00 per direct labor-hour

Actual manufacturing overhead cost for the year = $123,900

Actual total direct labor = 21,000 hours

Now,

Total Estimated Manufacturing Overhead

= 94000 + ( 2 × 20000 )

= $134,000

And,

Predetremined Overhead Rate = \frac{\textup{Estimated Maufacturing Overhead}}{\textup{Estimated Direct Labor Hours.}}

or

Predetremined Overhead Rate = \frac{\textup{134,000}}{\textup{20000}}

or

Predetremined Overhead Rate = $6.7 per direct labor hour

5 0
3 years ago
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