answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
horrorfan [7]
2 years ago
11

Today, Jennifer earns $55000 at her first job. Her mom used to make $15,000 at her first job in 1975. Jennifer is of the opinion

that she makes more than her mom would have made if she started working today. Her mom thinks Jennifer would have earned less than she if Jennifer had started working in 1975. If the CPI today is 231 and the CPI in 1975 was 82, then Choose one or more: A. Jennifer is correct. Her mom’s salary in today’s dollars would be $42256. B. Jennifer is wrong. Her mom’s salary in today’s dollars would be $5325. C. Jennifer’s mom is correct. Jennifer’s salary in 1975 dollars would have been $154939. D. Jennifer’s mom is wrong. Jennifer’s salary in 1975 dollars would have been $19524.
Business
1 answer:
ikadub [295]2 years ago
6 0

Answer:

A. Jennifer is correct. Her mom’s salary in today’s dollars would be $42256.

Explanation:

<u>purchase power relationship between 1975 and today:</u>

\frac{CPI_{today}}{CPI_{1975}}

231/82 = 2.817073

<u>Purchase power of 15,000 dollars of 1975 today:</u>

15,000 x 2.817073 = 42,256.09756 = $42,256

As jenifers salary today is 50,000 She is corect, It is earning more than his mother at her first job

You might be interested in
The operations of Winston Corporation are divided into the Blink Division and the Blur Division. Projections for the next year a
morpeh [17]

Answer:

c. $112,800

Explanation:

The computation of operating income is shown below:-

= (Contribution margin of blink division × Increase sales percentage) - Fixed cost of blink division - Allocated common costs of blink division - Allocated common costs of blur division

= ($218,000 × 135%) - $93,000 - $48,000 - $40,500

= $294,300 - $93,000 - $48,000 - $40,500

= $112,800

5 0
2 years ago
Suppose that when the price of peanut butter falls from $2 to $1 per jar, the quantity of jelly purchased rises from 14 million
yan [13]

Answer:

-0.20

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

If cross price elasticity of demand is positive, it means that the goods are substitute goods.

Substitute goods are goods that can be used in place of another good.

If the cross-price elasticity is negative, it means that the goods are complementary goods.

Complementary goods are goods that are consumed together

Cross Price elasticity of demand = midpoint change in quantity demanded / midpoint change in price  

Midpoint change in quantity demanded = change in quantity demanded / average of both demands

change in quantity demanded = 16 million - 14 million = 2 million

Average = (16 million + 14 million) / 2 = 15 million

2 / 15 = 0.133

midpoint change in price = change in price / average of both price

change in price = 1 - 2 = - 1

average of price =(2 + 1) / 2 = 1.5

-1/1.5 = -0.67

0.1333 / -0.67

7 0
2 years ago
The first step in the decision-making process requires you to do what?
Semmy [17]

Answer:

think.....all you have to do is think XD

but in all honesty the answer is a determine your descision

4 0
2 years ago
Which of the following circumstances must be present for departmental overhead allocation to be favored over a traditional overh
Dafna1 [17]

Answer:

B. Each​ product, or​ job, uses the department to a different extent.

Explanation:

Departmental overhead rates uses a standard charge that is based on produced units attributed to a department.

Costs are applied with high precision.

When this model is used, the standard rate is multiplied by the number of units produced in the department, so there is no over allocation of resources.

For example if we consider the hours a machine operates. With a standard rate of $10 per hour, machine operation of 6 hours will give $10* 6 hours= $60

5 0
2 years ago
Colortrigon Company makes a variety of paper products. One product is 30 lb copier paper, packaged 3,000 sheets to a box. One bo
Valentin [98]

Answer:

d.Yes, income will increase by $30,000

Explanation:

The net profit from this order = Revenue – all expense related = number of unit sold x (price per unit – cost per unit) =  

6,000 boxes x (price $15 – Direct materials $6 - Direct labor $2 - Variable overhead $2 - Fixed overhead $3 but avoidable) = 6000 x (15-6-2-2-0) = $30,000

8 0
2 years ago
Other questions:
  • Sharon spent the weekend with her friend amelia. amelia proposed a plan for shoplifting cd's from a local music store. sharon wa
    11·1 answer
  • Licensee chad works for broker michael. licensee chad has a listing agreement with seller ray. licensee chad decided to transfer
    8·1 answer
  • A(n) _____ is awarded on the basis of financial need. You will not be charged any interest before you begin repayment or during
    9·2 answers
  • Clay, "a production manager, believes that some of his workers are unhappy with their job, so they are not working as hard as th
    13·1 answer
  • The following information is available for Bradshaw Corporation and Newell Corporation:Bradshaw CorporationNewell Corporation(in
    6·1 answer
  • Rocky River Company is a​ price-taker and uses target pricing. Refer to the following​ information: Production volume ​602,000 u
    15·1 answer
  • Clean Chemical Corp. recently moved its operations from Houston, Texas, to Somalia. The decision to move was the result of new f
    14·1 answer
  • Market value ratios give management an indication of what investors think of the companies and future prospects. The market valu
    11·1 answer
  • The structure that organizations most commonly adopt to solve the control problems that result from producing many different kin
    15·1 answer
  • Drussden Inc., a multinational corporation, has decided to hire military veterans. This, the company feels, would not only set a
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!