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Marysya12 [62]
2 years ago
4

Iggie took a university teaching job as an assistant professor in 1980 at a salary of $15,000. By 2011, she had been promoted to

full professor, with a salary of $70,000. If the price index was 82 in 1980 and 225 in 2011, then what is Iggie's 1980 salary in 2011 dollars?
a. $25,511b. $52,073c. $40,140d. $41,159
Business
1 answer:
Romashka-Z-Leto [24]2 years ago
3 0

Answer:

d. $41,159

Explanation:

This can be calculated as follows:

Iggie's 1980 salary in 2011 dollars = (2011 price index ÷ 1980 price index) × Iggie's 1980 salary = (225 ÷ 82) × 15,000 = $41,159.

Therefore, the correct answer is d. $41,159. That is, Iggie's 1980 salary in 2011 dollars is $41,159.

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Quality Timber Pty Ltd is a well-established logging company. With below-average performance, their packaging department is cons
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Answer:

Quality Timber Pty Ltd

In this scenario, the performance norms are _below-average____ and cohesiveness is _ high____, so productivity is _low___.

Explanation:

It has been established that group norms influence individual behavior and group performance.  Performance Norms refer to how a person should work in a given group and what his or her output should be.

Cohesion, according to wikipedia.com, "can be more specifically defined as the tendency for a group to be in unity while working towards a goal or to satisfy the emotional needs of its members."  Employees of the packaging department tend to be enjoying so much group cohesiveness.  But, they need to break some habits to focus on achieving corporate goals by increasing their productivity.

According to Paul Krugman of the Organization for Economic Co-operation and Development, "Productivity is commonly defined as a ratio between the output volume and the volume of inputs.  In other words, it measures how efficiently production inputs, such as labour and capital, are being used in an economy to produce a given level of output."  A rough assessment of the packaging department employees' performance shows low productivity, as they are "consistently behind schedule and take long lunch breaks, and frequently chat with co-workers," instead of concentrating on their jobs.

8 0
2 years ago
Camille's Café is considering a project that will not produce any sales but will decrease cash expenses by $12,000. If the proje
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Answer:

Answer is $10,500.

Refer below.

Explanation:

Camille's Café is considering a project that will not produce any sales but will decrease cash expenses by $12,000. If the project is implemented, taxes will increase from $23,000 to $24,500 and depreciation will increase from $4,000 to $5,500. The amount of the operating cash flow using the top-down approach is:

$10,500

3 0
2 years ago
Wally and Kim, a married couple with an average life expectancy, have a retirement budget of $6,000/month. While they are both a
tatuchka [14]

Answer: Card 5

Explanation:

3 0
2 years ago
Friends International is an NGO that fosters greater cultural awareness and understanding by arranging for people of different b
bulgar [2K]

Answer:

Dr Travel Expenses 40,000

Cr Prepaid Expenses 40,000

Explanation:

Friends International

Dr Travel Expenses 40,000

Cr Prepaid Expenses 40,000

Travel Expense for $40,000 was been DEBITED in order to recognize the expense associated with the use of the tickets and cPrepaid Expense for $40,000 was been CREDITED because the company no longer has the right to receive benefits from the prepaid tickets.

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2 years ago
Milden Company has an exclusive franchise to purchase a product from the manufacturer and distribute it on the retail level. As
kap26 [50]

Answer:

Fixed Cost = $24,000 Variable cost = $5

Explanation:

You have to use the High-Low method

$$Shipping expense = units sold * variable cost + fixed cost

From the table you got, you pick the higher and the lowest unit sold

and calculate the diference between them:

\left[\begin{array}{ccc}&$Units&$Shipping Expense\\$High&44,400&246,000\\$Low&30,000&174,000\\$Diference&14,400&72,000\\\end{array}\right]

Now 14,400 Units generates a cost of 72,000 Dividing we get the variable component

72,000/14,400 = 5

Then we calculate for the fixed cost:

$$246,000 = 44,400 * 5 + Fixed Cost

Fixed Cost = 24,000

6 0
2 years ago
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