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Pie
2 years ago
3

Assume you earned $30,000 in 2012, and the CPI in 2013 was 238. How much of a raise did you need, in dollars, to keep up with th

e change in the inflation rate of 3.48%
Business
1 answer:
Tresset [83]2 years ago
7 0

Answer:

$1,044

Explanation:

If the inflation rate is 3.48% and you want your raise to keep up with it, then you should get a raise equal to 3.48% = $30,000 x 3.48% = $1,044

the inflation rate decreases the purchasing power of money, so if your salary increases in the same proportion as the inflation rate, you are just keeping up with increasing prices, your real salary doesn't increase.

You might be interested in
The village of Hempstead has been taking a look at the issue of responding to 911 calls. It is a small community and geographica
yuradex [85]

Answer:

\bar X = \frac{17+12+9+16+14}{5}= 13.6min

So then the best answer for this case would be:

a. 13.6 minutes

Explanation:

For this case we have the following data for the response rates:

17,12,9,16,14

And we want to calculate the mean response time for 911 calls in this village.

And for this case we use we can use the definition of sample mean given by:

\bar X = \frac{\sum_{i=1}^n X_i}{n}

Where n = 5 represent the sample size for this case. If we replace we got:

\bar X = \frac{17+12+9+16+14}{5}= 13.6min

So then the best answer for this case would be:

a. 13.6 minutes

The sample mean is an estimator unbiased of the population mean because:

E(\bar X) = E(\frac{\sum_{i=1}^n X_i}{n}) = \frac{1}{n} \sum_{i=1}^n E(X_i) = \frac{n\mu}{n}= \mu

For this reason is a good statistic if we want to see central tendency in a group of values.

8 0
2 years ago
Kenneth is admired as a manager because of his ability to work well with others to get things done. Which type of skill is Kenne
riadik2000 [5.3K]

Answer:

Is teamwork skills

Explanation:

Working well in a team mean:

Work with a group to achieve a goal or shared result effectively

Listen to team members.

Take into account the ideas of all the team

6 0
2 years ago
Read 2 more answers
The following information relates to the manufacturing operations of the JNR Printing Company for the year: Beginning Ending Raw
grin007 [14]

Answer: $117,000

Explanation:

So we are to calculate the Raw Materials purchased during the year.

Logically speaking the following should hold,

Raw materials purchased during the year + beginning raw materials = ending Raw materials + Raw materials used

Agreeing on that and rearranging the formula we will have,

Raw Material purchased during the year = Raw Material used during the year + Ending Raw Material Inventory - Opening Raw Material Inventory

Slotting in the figures we will then have,

Raw Material purchased during the year = 114,000 + 56,000 - 53,000

= $117,000

Raw materials purchased during the year amount to $117,000.

8 0
2 years ago
A company has two departments, Y and Z that incur delivery expenses. An analysis of the total delivery expense of $9,000 indicat
noname [10]

Answer:

B) $4,200; $4,800

Explanation:

total delivery expense = $9,000

                                                       Dept. Y                           Dept. X

direct expenses                             $1,000                                   $0*

indirect expenses             ($8,000 x 40%)               ($8,000 x 60%)

<u>                                                       $3,200                           $4,800   </u>

total delivery expenses               $4,200                            $4,800

*Since no direct delivery expenses were generated by Dept. X, no amount should be allocated. Indirect expenses are allocated based on the percent generated by each department.

8 0
2 years ago
You inherited an oil well that will pay you $25,000 per year for 25 years, with the first payment being made today. If you think
xxTIMURxx [149]

Answer:

(B) 299,574

Explanation:

We have to calculate the present value of an annuity-due of 25,000

That's because it is being paid in advance.

annuity \times \frac{1 -  {(1 + rate)}^{ - time} }{rate}   \times (1 + rate)= present \: value

25000 \times \frac{1 -  {1.075}^{ - 25} }{.075}  \times 1.075 =  present \: value

299574.17

<em>Remember</em>: when the payment or receipts are made in advance, AKA at the beginning of the period, multiply the annuity formula for (1+rate)

That's because <u>the annuities are held for 1 more period </u>than usually.

8 0
2 years ago
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