If you earned $10 an hour in 2005 when the cpi was 100, and you earn $11 an hour today when the cpi is 120, then your real wage rate has _____ since 2005. decreased remained the same increased 10% increased 20%
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If you earned $10 an hour in 2005 when the cpi was 100, and you earn $11 an hour today when the cpi is 120, then your real wage rate has increased 10% (Option C) since 2005.
To calculate the real wage rate, you need to adjust your wages for inflation using the CPI (Consumer Price Index) values.
First, you calculate your nominal wage rate in 2005:
$10 per hour
Then, you adjust this for inflation using the CPI in 2005:
$10 x (120/100) = $12
This is your real wage rate in 2005 dollars.
Next, you calculate your nominal wage rate today:
$11 per hour
Then, you adjust this for inflation using the CPI today:
$11 x (100/120) = $9.17
This is your real wage rate in 2005 dollars adjusted for inflation today.
To determine the change in your real wage rate since 2005, you compare your real wage rate in 2005 ($12) to your real wage rate today ($9.17):
($9.17 - $12) / $12 = -0.2367
This means that your real wage rate has decreased by 23.67% since 2005.
However, the question is asking for the change in your real wage rate since 2005 in percentage terms, not in absolute terms. So, you need to take the absolute value of the percentage change:
|-0.2367| = 0.2367
Finally, you express this as a percentage:
0.2367 x 100% = 23.67%
Therefore, your real wage rate has increased 10% (option C) since 2005.
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Related Questions
there should be a negative relationship between real exchange rate and net exports, explain why
Answers
There is indeed a negative relationship between real exchange rate and net exports. This relationship can be explained through the concepts of demand and supply in international trade.
When the real exchange rate is high, it means that the domestic currency is strong relative to foreign currencies. This makes domestic goods and services more expensive for foreign buyers, which reduces the demand for domestic exports. On the other hand, foreign goods and services become cheaper for domestic buyers, which increases the demand for imports. As a result, net exports (exports minus imports) decrease.
Conversely, when the real exchange rate is low, it means that the domestic currency is weak relative to foreign currencies. This makes domestic goods and services cheaper for foreign buyers, which increases the demand for domestic exports. On the other hand, foreign goods and services become more expensive for domestic buyers, which reduces the demand for imports. As a result, net exports increase.
Therefore, there is a negative relationship between the real exchange rate and net exports. When the real exchange rate is high, net exports are low, and when the real exchange rate is low, net exports are high.
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Helpmeeeeeeeeeeeeeee
Answers
Answer:
18. b : most economic decisions are made by buyer and sellers
19. b : federal income tax
Explanation:
A recently established law school constructed its building in a quiet residential neighborhood. The law school had obtained all of the necessary municipal permits for the construction of the building, which included a large clock tower whose clock chimed every hour. The chimes disturbed only one homeowner in the neighborhood, who had purchased her house prior to the construction of the building. The homeowner was abnormally sensitive to ringing sounds, such as bells and sirens, and found the chimes to be extremely annoying.
Required:
In a nuisance action by the homeowner against the law school, will the homeowner prevail?
Answers
In a nuisance action by the homeowner against the law school, the homeowner will not prevail because the chimes do not disturb the other residents of the neighborhood.
What is a residential area?A residential area refers to the place where there are residents or citizens living. This area will be utilized for living purposes, not business purposes. In this area there will be no manufacturing units will be established.
In this situation when the construction of the law school has been done, it clearly mentioned that they took all the required permission from the municipal authority. It shows that they have not violated any rules for construction.
The chimes disturbed only one homeowner which means that it was medical conditions due to which he get disturbed as others do not have any problem with the chimes.
In this situation the court will not prevail the case as the law school fulfilled all the requirements of construction, as well as homeowner, was sensitive to sounds so he can take treatment for the same.
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According to the video, what are some decisions that Architects make? Select four options.
how much money a building will be worth when finished
what traffic patterns people will follow
how people will feel when they enter or leave a building
how many laborers are needed for a project
where to put doors, walls, and windows
what building materials to use
which people will be allowed to enter a building
Answers
The decisions that Architects make include:
how much money a building will be worth when finished.how people will feel when they enter or leave a building.where to put doors, walls, and windows.what building materials to use.Who is an architect?It should be noted that an architect simply means an individual who plans, designs and also oversees the construction of a building.
In this case, some of the decisions that Architects make include how much money a building will be worth when finished, how people will feel when they enter or leave a building, etc.
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Answer:
above answer is wrong
Explanation:
The fact that multiple generations often work together in family businesses provides which of the following advantages? A) They will have equal skills with technology B) Family dynamics will play a part in business relationships C) perspectives of diverse clients are more likely to be taken into consideration D) Family members from different generations are more likely to get along
Answers
Answer:
Explanation: B) Family dynamics will play a part in business relationships.
A loan is being repaid with 25 annual payments of 300 each. With the 10th payment, the borrower pays an extra 1,000, and then repays the balance over 10 years with a revised annual payment. The effective rate of interest is 8%. Calculate the amount of the revised annual payment.
Answers
The revised annual payment required to repay the remaining balance over 10 years with an effective interest rate of 8% is $3,128.46.
To calculate the revised annual payment, we need to first determine the remaining balance on the loan after the 10th payment.
After the 10th payment, there are 15 payments remaining, and the borrower has paid a total of $3,000 (25 payments x $300).
With the additional $1,000 payment, the total paid is now $4,000, leaving a remaining balance of $21,000 ($25,000 original loan - $4,000 paid).
Using the present value of an annuity formula, we can calculate the revised annual payment required to repay the remaining balance over 10 years at an effective interest rate of 8%.
The formula is: Revised Annual Payment = Remaining Balance / Present Value Factor
The present value factor can be found using a financial calculator or table and is calculated based on the interest rate and number of payments.
For 10 years at 8%, the factor is 6.7101.
So, Revised Annual Payment = $21,000 / 6.7101 = $3,128.46
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The Great Eastern hotel, a privately owned, independent, five-star deluxe hotel located in Hong Kong’s commercial district, isfaced with a turbulent external environment owing to the current financial crisis. Since its inception six years ago, the hotelhas grown in prominence during the bustling economy from 2003 to 2007, and it has been one of the top performers in theupscale and luxury market segments over the four years preceding the economic crises. The hotel’s main target marketsegment is the business traveler (75 percent of room bookings) who has no problem with paying USD 350 per night for aroom. During the past six months, however, the hotel has been a victim of the severe economic upheaval, which has led to asignificant reduction in room bookings from the business travel segment. This has reduced profits significantly to the extentthat the hotel is no longer able to cover fixed costs. The owner, Jerry Kong, has called an executive committee meeting todiscuss the future direction the company should take in the immediate term and in the long term to sustain its competitiveadvantage. 1. What issues should Jerry and the executive committee address? Why? (Hint: Make assumptions where necessary,including mission and vision statements, as well as goals, strategies, and objectives. )2. Given the preceding information, what are Jerry’s options? How should they be evaluated? Make assumptions wherenecessary. 3. What should the hotel do in the short term and in the long term? Make assumptions where necessary to arrive at yourdecisions. 4. Why is it difficult to answer the preceding questions? Do we have clear answers for issues and challenges in real life?5. Do managers and executives in hospitality and tourism organizations always have sufficient and reliable information tomake decisions
Answers
Jerry and the executive committee should take care of the related matters are as follows:
finding the explanation for the sudden drop in bookings reported by the business explorer.
taking action to address the areas where they fall short.
Consider methods like presenting booking suggestions to the business traveller.
To be successful, they must focus on the preferences of their clients and conduct themselves correctly.
2. Based on the information provided, Jerry's options are as follows: They can also target tourists that seek extravagance for their own gain.
They must offer their customers a variety of options to choose from when it comes to the price of the rooms.
To bring about a difference for their guests, they can make some redesigns or adjustments.
3. Up next are some options for the hotel in the short and long term. In the short term, they can attract customers by offering them incentives to bring in new customers while keeping the existing ones.
Over time, they can provide their staff with strong training so that the visitors won't be perplexed. They can also go up with some adjustment of their interior by performing redesign or alteration.
4. The inn industry is currently facing a financial and financial emergency, and it isn't difficult to overcome this financial emergency in these challenging times while also finding ways to attract more visitors to make out a benefit, so it is difficult to respond to the above issue.
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Which of the following is not an example of professional behavior
?
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Taxes on cigarettes are designed to a. lower the price to reflect their true benefits b . encourage farmers to grow more tobacco . raise the price to reflect their true costs d. restrict sales to government-owned stores
Answers
Answer:
c
Explanation:
A tax is a compulsory sum levied by the government or an agency of the government on goods and services. Taxes increases the price of a good. the aim of tax on cigarettes is to increase the price of cigarettes. this should discourage consumption of cigarettes. taxes on cigarette reflect the true cost of consuming cigarettes
Which one of these positions within a company deals directly with customers
the most?
Answers
Answer:
front-line staff
Explanation:
just took the quiz (vote brainliest plssss)
Answer:
A. Senior management.
B. Frontline staff.
C. Support staff.
D. Middle management.
Are there any specific rules that guide international marketing?
Answers
Answer:
yes but im not really sure what they all are like they will look for drugs imagrant or if they are being cheated by the seller
Explanation:
Answer:
Create actual content, not just keywords. ...
Let your customers buy what they want online and pick it up in person. ...
Learn how to talk to digital natives. ...
Move away from banner ads and toward sponsored stories. ...
Trumpet local customs and national pride.
A mail-order firm processes 6,100 checks per month. Of these, 60 percent are for $51 and 40 percent are for $83. The $51 checks are delayed two days on average; the $83 checks are delayed three days on average. Assume 30 days in a month. a-1. What is the average daily collection float? (Do not round intermediate calculations.) Average daily collection float $ 32,696 a-2. How do you interpret your answer? (Do not round intermediate calculations.) On average, there is $ 32,696 that is uncollected and not available to the firm. e. How much should the firm be willing to pay to reduce the weighted average float to 1.5 days? (Do not round intermediate calculations.) Maximum payment
Answers
a-1) average daily collection float is $488. a-2) The average daily collection float represents money that is temporarily unavailable to the firm is $32,696. e ) maximum payment firm should be willing to reduce weighted average float to 1.5 days is $16,577.84.
Average daily collection float = (total checks per month x weighted average float) / number of days in a month Average daily collection float = (6,100 x 2.4) / 30 = $488
Maximum payment = (current average daily float - desired average daily float) x (number of days in a month / 365) x (total checks per month x average check amount)
Current average daily float = $488 Desired average daily float = 1.5 days Number of days in a month = 30 Total checks per month = 6,100 Average check amount = (0.6 x $51) + (0.4 x $83) = $62.2
Plugging in these values, we get: Maximum payment = ($488 - 1.5) x (30 / 365) x (6,100 x $62.2) = $16,577.84
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When the price of petroleum goes up, the demand for natural gas ______, the demand for coal ______, and the demand for solar power ______. (Assume these goods are substitutes for petroleum.)
Answers
Answer:
increases; increases; increases
What is the median estimate for the number of Japanese yen per euro for calendar year 2020?A) 126B) 128C) 129D) 131
Answers
Option A is correct. The estimated median number of yen per euro in calendar year 2020 is 126.
On December 15, 2022, the Policy Board decided to raise the three main ECB interest rates by 50 basis points, expecting rates to rise further on the back of a significant upward revision to the inflation outlook. In particular, the Policy Board will continue to raise interest rates significantly and steadily to reach a sufficiently restrictive level to ensure a timely return of inflation to his 2% medium-term target.
I believe it is necessary. Keeping interest rates at a restrictive level lowers inflation over time by weakening demand and also protects against the risk of a sustained upward move in inflation expectations. Future policy rate decisions by the Policy Board will continue to be data-driven and follow a session-by-session approach. The ECB's key interest rate is the most important tool the Policy Board uses to determine the stance of monetary policy. At his December meeting, the Board also discussed principles for normalizing the Euro system's monetary policy holdings.
From the beginning of March 2023, the Asset Purchase Program (APP) portfolio will shrink at a measured and predictable pace as the Euro system will not reinvest all principal payments from maturing securities. The decline will reach an average of €15 billion per month by the end of Q2 2023, the pace will be determined over time.
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PLEASE HELP ME
My career is a traveling nurse
Answers
Answer:
Step by step explanation
company m has a total cost of $13,500 when they produce 155 units of product k. when company m increases their total production of product k to 190 units, their total cost increases to $16,100.what is the average total cost of producing 190 units of product k (omit units and round to the nearest cent)?stay the samedecreaseincreasecannot be determined.
Answers
The average total cost of producing 190 units of product K is approximately $85.92. For 155 units of product K, the cost per unit is approximately $87.10. By taking the average of these two cost per unit values, we find that the average total cost of producing 190 units of product K is approximately $85.92.
To determine the average total cost of producing 190 units of product K, we need to calculate the cost per unit for both scenarios (155 units and 190 units) and then find the average.
Let's calculate the cost per unit for 155 units of product K:
Cost per unit = Total cost / Number of units
Cost per unit = $13,500 / 155 units
Cost per unit ≈ $87.10
Next, let's calculate the cost per unit for 190 units of product K:
Cost per unit = Total cost / Number of units
Cost per unit = $16,100 / 190 units
Cost per unit ≈ $84.74
Now, we can find the average total cost for 190 units:
Average total cost = (Cost per unit for 155 units + Cost per unit for 190 units) / 2
Average total cost = ($87.10 + $84.74) / 2
Average total cost ≈ $85.92
Therefore, the average total cost for producing 190 units of product K is approximately $85.92, reflecting the cost per unit decrease resulting from the increased production.
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how does illiteracy help to increase population growth rate? give reasons
Perfect answer will be marked as brainlist
Please I need answer quickly
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Cancellation of an airline flight due to adverse weather conditions will result in liability by the airline for breach of contract to those person who had reservations on the flight. t/f
Answers
False. Generally, airlines are not liable for breach of contract in the event of adverse weather conditions.
The Air Transportation Access Act of 1986 protects airlines from being liable for flight cancellations, delays, and schedule changes due to unpredictable weather conditions. This protection extends to cargo and passenger services, and is justified on the basis of consumer protection, recognizing that there is limited liability to airlines for events that are outside of their control.
Airlines may, however, be open to some liability claims if the cancellations are due to the negligence of the airline, such as scheduling errors or inadequate maintenance. In such cases, passengers may be entitled to compensation.
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Why is a dress code important for demonstrating professionalism?
A. Many in tech fields refuse to wear suits or professional clothing.
B. Many become defensive when they feel you're over-dressed.
C. Most will make snap judgments based on first impressions.
D. Many feel that those who dress poorly are too particular.
Answers
Answer:
C.
Explanation:
Most will make snap judgments based on first impressions.
(If you go to work in a crop top or in a speedo, then people will judge you).
Answer:
C. Most will make snap judgments based on first impressions.
Explanation:
Evaluate the constraints taken into consideration that affects production after adjustment in Capstone 2.0.
Answers
Evaluating the constraints that affect production after adjustment in Capstone 2.0 involves considering resource limitations, time constraints, and budget restrictions to determine their impact on the production process and identify potential solutions.
The constraints that affect production after adjustment in Capstone 2.0 can be evaluated based on various factors. These constraints may include limitations in resources, such as raw materials or labor, as well as restrictions on time or budget. Evaluating these constraints involves identifying how they impact the production process and considering potential solutions or workarounds. It is important to analyze the specific adjustments made in Capstone 2.0 and assess how they interact with these constraints. This evaluation can help determine the effectiveness of the adjustments in addressing production limitations and optimizing output.
In conclusion, evaluating the constraints that affect production after adjustment in Capstone 2.0 involves considering resource limitations, time constraints, and budget restrictions to determine their impact on the production process and identify potential solutions.
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Half of the income for magazine publishers comes from
A. subscriptions.
B. advertising.
C. newsstand sales.
D. investors.
Answers
Answer:
B. advertising.
Explanation:
A magazine can be defined as a written document published periodically to provide informations about a particular subject or field. An example is the Marketing News magazine.
Marketing News is a magazine from the American Marketing Association and it covers all aspects of the marketing industry, which is mainly read by academics and people working directly in marketing.
Magazine publishers are mainly dependent on adverts posted on their pages to generate revenues for the smooth running of their business.
Hence, half of the income for magazine publishers comes from advertising.
Basically, organizations and business firms submit their products or services to a magazine company for the purpose of promoting their business through advertising.
Answer:
A. Subscriptions
Explanation:
Some, if not most news magazines cost little or none for the first month or two, then a reoccurring subscription takes place every month. That's how they keep making more newspapers is because people pay for 'em. :D
Select the correct answer.
At which stage of problem solving should you discuss the problem with colleagues?
B. evaluating the information
C. gathering information
D. making a choice
E. taking action
Plato/Edmentum
Answers
Answer:
E or D
Explanation:
D because it doesn't hurt to get a second opinion and see what your colleagues think
E Because your actions or decisions when it comes to a business can affect your colleagues.
Suppose that in 2015, a typical U.S. student attending a state supported college bought 8 textbooks at a price of $90 per book and enrolled in 28 credit hours of coursework at a price of $400 per credit hour. In 2016, the typical student continued to purchase 8 textbooks and enroll in 28 credit hours, but the price of a textbook rose to $100 per book, and the tuition price increased to $440 per credit hour. The base year for computing a "student price index" using this info is 2015. The price index for any base year is 100. The value of the student price index in 2015 is
Answers
Answer:
$11,920
Explanation:
2015 prices:
8 textbooks x $90 = $720
28 credit hours x $400 = $11,200
total = $11,920
the base year, in this case 2015, will be used to adjust the relative prices of the goods and services purchased by students. E.g. for year 2016, the index based on 2015 should be (8 x $90) + (28 x $400) = $11,920 since the quantities didn't change, only the nominal prices.
During times of a need, such as following a natural disaster, firms will overcharge for certain items or services, knowing customers will pay the higher cost due to lack of options. This unethical pricing practice is known as:.
Answers
The name of unethical practice that firms engage in when they overcharge for certain items or services is known as price gouging.
What is an Unethical Practise?This refers to the behavior which is shown to have no honor and respect for due process and is usually done in order to make a quick profit to the detriment of others.
Hence, we can see that when there are natural disasters or situations when there are uncertain situations, some firms actually overcharge for certain items or services, knowing customers will pay the higher cost due to a lack of options and this is known as price gouging.
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during an audit of an entity’s stockholders’ equity accounts, the auditor determines whether there are restrictions on retained earnings resulting from loans, agreements, or state law. this audit procedure most likely is intended to verify management’s assertion of:
Answers
Most generally, the purpose of this audit technique is to confirm the management's claim regarding presentation and disclosure.
What Do Internal Controls Audit Procedures Entail?
The procedures that auditors follow in order to gather enough relevant audit evidence to make a professional judgment about the efficacy of an organization's internal controls.
To safeguard their IT systems and sensitive data, firms utilize internal controls. They can also be used to ensure responsibility for financial statements and accounting records.
Understanding internal controls, business processes, and the efficacy of a control cannot be done using a single, all-encompassing strategy. Instead, each audit has a different set of requirements.
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Felice bought a duplex apartment at a cost of $165,000. Her mortgage payments on the property are $1,520 per month $666 of which can be deducted from her income taxes. Her real estate taxes total $1752 per year, and insurance costs $1464 per year. She estimates that she will spend $1230 each year per apartment for maintenance, replacing appliances, and other.costs. The tenants will pay for all Utilities What must she charge to more $2550 in profit each year? (Do not round intermediate calculations. Round your answer to 2 decimal places. Ignore any tax effects.)
Rant per paiment ________________.
Answers
The Rent per apartment Felice should charge is the PITI plus expected profit, (where PITI is principal, interest, taxes, and insurance) which is $8,516.
Data and Calculations:
Cost of a Duplex Apartment = $165,000
Monthly mortgage payments = $1,520
Deductible mortgage payment = $666
Annual Real Estate Taxes = $1,752
Annual Insurance costs = $1,464
Annual Maintenance costs = $1,230
Annual profit expected = $2,550
Rent to charge = PITI + Profit
= $8,516 ($1,520 - $1,752 - $1,464 - $1,230 + $2,550)
Thus, the Rent per apartment Felice should charge is the PITI plus expected profit, (where PITI is principal, interest, taxes, and insurance) which is $8,516.
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Period costs are always expensed on the income statement in the period in which ______.
Answers
Explanation:
Period costs are always expensed on the income statement in the period in which: they are incurred.
As regional manager of a dollar store chain, kamile compares weekly sales reports from each store with projected sales goals and then takes corrective action if needed. Which of the four key management functions is kamile using?.
Answers
Answer:controlling
Explanation:
Which career is best described by someone who organizes and tracks merchandise during storage and display?
O Wholesale Buyer
O Marking Clerk
O Purchasing Agent
O Stock Clerk
Answers
The career that is best described by when someone who organizes and tracks merchandise during storage and display is Stock Clerk. Thus option (d) is correct.
Who is Stock Clerk?A stock clerk, also known as a stockroom clerk, is a person who works in a retail or wholesale store, warehouse, or distribution center, responsible for receiving, storing, and distributing merchandise or supplies.
Their job duties may include: Receiving shipments of goods and verifying the accuracy of orders; Unloading, unpacking, and labeling items.
Stock clerks typically work under the supervision of a manager or supervisor and may use various equipment and tools, such as forklifts, hand trucks, and pallet jacks, to move and handle goods.
The Stock Clerk is the person who organizes and tracks merchandise during storage and display.
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Susan took out a personal loan for $3,500 at an interest rate of 13% compounded monthly. She made arrangements to pay the loan off in 3 years. What will her monthly payment be? a. $99. 34 b. $105. 32 c. $117. 93 d. $156. 60 Please select the best answer from the choices provided A B C D.
Answers
The correct statement is that Susan's monthly payment for a personal loan which is to be paid off in three years will be $143.3. So, the correct from the given choices is not given above.
The computation of monthly payment can be done by calculating the annuity and then dividing it by the number of months of the duration of payment of such loan.
Calculation of monthly paymentPutting the given values into the formula for compounded annuity, the values obtained will be as, \(\rm Compounded\ Annuity= Principal(1+\dfrac{r}{n})^n^t\\\\\rm Compounded\ Annuity= 3500(1+\dfrac{0.13}{12})^1^2^ x ^3\\\\\\\rm Compounded\ Annuity= \$5158.60\)Now dividing the total compounded annuity by number of months which is given as 36 months will be calculated as, \(\rm Monthly\ Payment = \dfrac{Annuity}{Period}\\\\\\\rm Monthly\ Payment = \dfrac{5158.60}{36}\)So, the monthly payment will be, \(\rm Monthly\ Payment = \$143.29\)Hence, the correct option is not given above and the monthly compounded payment on a personal loan of $3500 for a period of 36 months will be $143.3.
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