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Lemur [1.5K]
2 years ago
10

Michael Chang buys only tennis rackets during a particular year. During the year in question, the price of all goods rises by 10

% on average, but the price of tennis rackets remains the same. Which statement is correct?a. Michael benefits from inflation.b. Michael does not experience inflation because he only buys tennis rackets.c. No matter what Michael buys, he experiences inflation. Michael does not benefit from inflation.d. We can't conclude anything from the information given.
Business
1 answer:
Zolol [24]2 years ago
6 0

Answer:

Michael does not experience inflation because he only buys Tennis rackets

Explanation:

Inflation is defined as increases in price per unit price.

It is the prolonged increase in the price of goods and services caused by devaluation of currency , demand -pull or cost - push. While a certain degree of inflation can be beneficial to a thriving economy , it can become a threat if it becomes larger.

One of the direct impact of inflation is rise in price of goods and services.

As the price of rackets was not affected by the inflation , that means that Michael was not affected by the inflation.

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Salary relationships usually have behaviors that can be expressed through mathematical equations, for this case we must locate the information they give us, according to which the salary of the movie star S is equal to a fixed basic remuneration b plus a percentage x of the gross income g, that is:

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With this equation and the data they give us, we can solve the request so :

\boldsymbol{1)} \; 32 = b + 100x\\\boldsymbol{2)} \; 24 = b + 60x

We clear the basic remuneration  b from the second equation and replace in the first:

\boldsymbol{2)} \; 24 = b + 60x\\24-60x = b\\\boldsymbol{1)} \; 32 = b + 100x\\32 = (24-60x) + 100x\\32-24=100x-60x\\8=40x\\\frac{8}{40} =x\\\boldsymbol{x=0,2}\\b=24-60x\\b=24-60(0,2)\\b=24-12\\\boldsymbol{b=12}

Thus, with the fixed basic remuneration and the percentage of gross income calculated, we can estimate how much the following film should obtain so that the movie star obtains at least  40 millions salary:

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Answer

The <em>minimum amount</em> of gross income that the next film should generate is \$ 140 <em>millions</em>

3 0
2 years ago
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Which of the following questions is inappropriate on an internal control questionnaire concerning purchase transactions?
defon

The question that is in appropriate is that are intact cash receipts deposited daily in the bank?

Explanation:

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Intact cash receipts can be deposited daily in the bank and there will be major need for a company to deposit the money in the bank and hence this question is inappropriate

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The best answer for this statement would be:

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Answer:

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