The last-in, first-out (LIFO) cost of the inventory at year-end would be $12,600
Under periodic last-in, first-out (LIFO) costing procedures, the cost of goods sold for the 100 units sold on December 26 would be calculated using the cost of the most recent purchase, which was 120 units at $90 per unit. This gives a cost of goods sold of $9,000 (100 units x $90 per unit). The remaining 20 units from the December 20 purchase and the 120 units from the December 28 purchase would be included in ending inventory. The cost of the December 28 purchase would be used to value those 140 units, which gives a cost of $12,600 (140 units x $90 per unit). Therefore, the last-in, first-out (LIFO) cost of the inventory at year-end would be $12,600.
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what is bheja?,,,,,,,,,,,
Answer:
search it up :)
Explanation:
Lana applies for a firefighter’s job with Metro City, which responds with a letter setting an appointment for a medical exam. The letter also states that it is "an employment offer conditioned on the applicant passing the exam." This letter is​
Answer: a unilateral contract that Lana can accept by passing the exam.
Explanation:
A unilateral contract is a form of contract agreement whereby the offeror promises to do a particular thing or pay a certain amount after a specified action has occured.
In this scenario, Metro City would only give an employment offer to Lana if she passes her exam. This is a unilateral contract that Lana can accept by passing the exam.
in class, we discussed that the relationship between intelligence and job performance is stronger for complex jobs than for simple jobs. job complexity is what type of variable in this example?
Job complexity is the independent variable that influences the strength of the relationship between intelligence and job performance.
Job complexity refers to the level of cognitive demands, skill requirements, and intricacy associated with a particular job. It represents a characteristic of the job itself rather than an outcome or dependent variable.
In this context, it serves as an independent variable that is believed to influence or impact another variable, which in this case is job performance.
The statement suggests that the relationship between intelligence and job performance is stronger for complex jobs compared to simple jobs. This implies that as job complexity increases, the role of intelligence becomes more crucial in determining job performance.
Complex jobs typically require higher levels of problem-solving, decision-making, creativity, and learning. Intelligence, which encompasses cognitive abilities, problem-solving skills, and adaptability, is likely to have a greater impact on job performance in these complex job settings.
On the other hand, for simple jobs with fewer cognitive demands and skill requirements, the influence of intelligence on job performance may be less pronounced. Simple jobs often involve routine tasks that may not require extensive intellectual abilities or problem-solving skills.
In summary, job complexity acts as an independent variable that influences the relationship between intelligence and job performance. As job complexity increases, the impact of intelligence on job performance becomes stronger.
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As a student, you are able to earn extra money by assisting your neighbors with odd jobs. If you charged $10.25 an hour for your assistance, about how many hours would you need to work to earn $8,425? Show your work.
Answer:
822 hours
Explanation:
The charge per hour is $10.25.
To earn a total of $8,425, one need to work ? hours.
1 hr =$10.25
? hrs = $8,425
?hrs = $8,425 / $10.25
=821.951
=822 hours
Select the education and qualifications that are most helpful for Human Resources careers. Check all that apply
integrity
long-term planning skills
o communication skills
bachelor's degree
o research skills
creativity
o organizational skills
Education skills and the qualifications.
These are most helpful for human resource development are given as under. Thee skills involves the use if the analytical and behavioral adjustments in relations to the human capital. Therefore are very essential to have.
Thus answer to HR is planning, research and organization skills.
The skills that are necessary for the careers include the ability to solve problems related to planning and design. HR-related careers may include the generalist and the specialist. Long-term planning, bachelor's degree, research skills, and organization skills.Hence the option A, C, D, and E are correct.Learn more about the education and qualifications.
brainly.com/question/13792478.
Answer:
A, C, D, G
Explanation:
other is wrong
if the interest rate is higher in the united states than in the united kingdom, and if the forward rate of the british pound (in u.s. dollars) is the same as the pound's spot rate, then: (assume u.s. investors only have dollars and u.k. investors only have pounds) a. u.s. investors could possibly benefit from covered interest arbitrage. b. british investors could possibly benefit from covered interest arbitrage. c. neither u.s. nor british investors could benefit from covered interest arbitrage. d. u.s. investors could possibly benefit from covered interest arbitrage and british investors could possibly benefit from covered interest arbitrage.
The right answer is option (b). Covered interest arbitrage might be beneficial for British investors.
By interest arbitrage, what do you mean?(also known as interest rate arbitrage) A strategy for making money that involves purchasing money in one location and selling it in another location while taking advantage of the different interest rates in the two locations: To limit potential benefits from interest arbitrage and exchange-rate fluctuations, a tax on overseas transactions was put in place.
Covered interest arbitrage is a method of hedging interest rate risk in currency markets by exploiting the differences in interest rates between spot and forward contract markets. Although complicated, this type of arbitrage provides meager rewards for each trade.
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Which of the following is a country which operates under a traditional economy?
O North Korea
O Cuba
O Ecuador
O Sweden
Answer:
Dont worry about me, I just added this answer so the other person can get their brainliest because they definetly deserve it
Answer:
The answer is Ecuador :)
You are an investigator on an engagement. you would use undercover operations when________
Investigator would use undercover operations when large scale fraud is likely and other investigation methods fail. Controls are made so strict that opportunities to commit fraud are virtually impossible.
What is investigation?An investigation is a comprehensive search for facts, particularly those that are hidden or must be resolved in a complicated situation. An inquiry is generally conducted to uncover how or why something occurred.
When large-scale fraud is likely and normal investigation methods fail, investigators will deploy undercover operations. Controls are implemented in such a way that chances for fraud are almost eliminated.
Therefore, it can be concluded that when large scale fraud is likely and other investigation methods fail.
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The Plastics Division of Weston Company manufactures plastic molds and then sells them to customers for $70 per unit. Its variable cost is $30 per unit, and its fixed cost per unit is $10. Management would like the Plastics Division to transfer 10,000 of these molds to another division within the company at a price of $40. The Plastics Division has excess capacity of 10,000 units for plastic moldings. What is the minimum transfer price that the Plastics Division should accept
Answer:
$30
Explanation:
Based on the information given in a situation where the Plastics Division has 10,000 units as the excess capacity for plastic moldings in which the VARIABLE COST is $30 per unit which means that the MINIMUM TRANSFER PRICE that the Plastics Division should accept will be the
VARIABLE COST per unit amount of $30.
Therefore the MINIMUM TRANSFER PRICE that the Plastics Division should accept is $30
the current price of blue jeans is $30 per pair, but the equilibrium price of blue jeans is $25 per pair. as a result, which of the following statements is not true?
The statement that is not true is there is a shortage of blue jeans at the $30 price.
What is a shortage?Equilibrium is where the quantity demanded equal quantity supplied. On a graph, it is where the demand curve crosses the supply curve.
The price at equilibrium is known as equilibrium price and the quantity at equilibrium is known as equilibrium quantity
If price is greater than the equilibrium price, quantity supplied exceeds quantity demanded and there is a surplus. If price is less than the equilibrium price, quantity demanded exceeds quantity supplied and there is a shortage.
Since the current price of blue jeans is greater than the equilibrium price, there would be a surplus. Thus, quantity supplied would be greater than the quantity demanded.
Here are the options:
There is a surplus of blue jeans at the $30 price.
b. There is a shortage of blue jeans at the $30 price.
c. The quantity supplied of blue jeans exceeds the quantity demanded of blue jeans at the $30 price.
d. The equilibrium quantity of blue jeans exceeds the quantity demanded at the $30 price.
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Poor decision-making by lower-level managers can lead to any of the following adverse outcomes EXCEPT: a. increased expenses if there are too many supplies. b. increased turnover if the decisions involve managing workers. c. increased productivity if there are too few workers. d. frustration among employees if the decisions involve training workers. e. reduced morale if the decisions involve managing workers.
The option that does not represent an adverse outcome caused by poor decision-making by lower-level managers is:
c. increased productivity if there are too few workers.
Poor decision-making by lower-level managers can lead to the following adverse outcomes:
a. Increased expenses if there are too many supplies: If lower-level managers make poor decisions regarding inventory management and order excessive supplies, it can lead to increased expenses for the organization. This is because excessive supplies can result in wastage, obsolescence, or storage costs.
b. Increased turnover if the decisions involve managing workers: Poor decisions related to managing workers, such as ineffective leadership, lack of communication, or unfair treatment, can result in increased turnover. Employees may become dissatisfied and choose to leave the organization, seeking better opportunities elsewhere.
c. Increased productivity if there are too few workers: This statement is incorrect. Poor decision-making by lower-level managers that results in too few workers is more likely to lead to decreased productivity rather than increased productivity. Insufficient staffing levels can overload existing employees, leading to burnout, reduced efficiency, and decreased productivity.
d. Frustration among employees if the decisions involve training workers: If lower-level managers make poor decisions regarding training workers, such as inadequate training programs or insufficient support, it can result in frustration among employees. Lack of proper training can lead to feelings of incompetence, hinder professional development, and impact job satisfaction.
e. Reduced morale if the decisions involve managing workers: Poor decision-making in managing workers can have a significant impact on employee morale. Factors such as favoritism, lack of recognition, poor communication, or unfair treatment can create a negative work environment and lead to reduced morale among employees.
Therefore, the adverse outcome that does not align with poor decision-making by lower-level managers is "increased productivity if there are too few workers" (option c).
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You were 50 days late in paying your credit card bill. How many years will this mistake stay on your credit history?.
If a person is 50 days late in in paying his/her credit card bills in that case, this mistake will be staying in credit card history for 7 years from the date of delinquency.
A credit card is a type of payment card that is issued to customers (cardholders) to allow them to reimburse a retailer for products and services according to the amount of debt they have incurred. The credit card issuer (often a bank or credit union) establishes a revolving account and offers the cardholders with a credit line from which they can draw funds to pay for transactions or receive a cash advance.
Seven years following the initial date of the default, missed payments continue to appear on your credit card history. Although if you pay previous debts, the late payment will not be removed from your credit record for 7 years.
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You consider that when organizing as a corporation, you will pay taxes at the corporate level (21% tax rate) and when dividends are distributed to owners (15% tax rate). Instead, you organize as a partnership and pay taxes only at your personal rate (24%). Approximately, how much do you save? (Round to the nearest percent.)
Answer:
9%
Explanation:
Calculation for how much do you save
Using this formula
Percentage saved=Personal rate -Dividend rate
Let plug in the formula
Percentage saved=24%-15%
Percentage saved=9%
Therefore how much do you save is 9%
Connie Duffy started working for Dexter Company on Thursday of this week. She worked 8 hours on Thursday and 10 hours on Friday. Her annual salary is $62,400, and she is an exempt white-collar employee.
Determine her gross pay for her first partial week of work.
Answer: $480
Explanation:
Therefore, her gross pay for her first partial week of work will be her prorated weekly salary.
To calculate this, we first need to determine her daily salary:
Daily salary = Annual salary / Number of workdays per year
Number of workdays per year = 52 weeks × 5 days/week = 260 days
Daily salary = $62,400 / 260 days = $240 per day
Since Connie worked two days (Thursday and Friday) in her first week, her gross pay will be:
Gross pay = Daily salary × Number of days worked
Gross pay = $240 per day × 2 days = $480
Therefore, Connie's gross pay for her first partial week of work is $480.
To calculate Connie Duffy's gross pay for her first partial week of work, divide her annual salary by the total number of days in a year and then multiply it by the number of days she worked.
Explanation:To determine Connie Duffy's gross pay for her first partial week of work, we need to calculate her daily pay rate and then multiply it by the number of days she worked. Since she worked 2 days in this week, her daily pay rate would be her annual salary divided by the total number of days in a year. In this case, it would be $62,400 divided by 365. Next, we multiply the daily pay rate by the number of days she worked (2 days) to find her gross pay for the first partial week. So, her gross pay would be $341.64.
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how does lever simplify the work? explain.
Explanation:
A lever works by reducing the amount of force needed to move an object or lift a load. A lever does this by increasing the distance through which the force acts. ... Instead, they make the work easier by spreading out the effort over a longer distance.
Use future value and present value calculations (Use Exhibit 1-A, Exhibit 1-B, Exhibit 1-C) to determine the following: a. The future value of a savings deposit of $1,375 after seven years at an annual interest rate of 6 percent. (Round FV factor to 3 decimal places and final answer to 2 decimal places.) Future value
b. The future value of saving $3,350 a year for six years at an annual interest rate of 5 percent. (Round FVA factor to 3 decimal places and final answer to 2 decimal places.) Future value
c. The present value of a savings account that will earn 5 percent annual interest and be worth $3,550 at the end of three years. (Round PV factor to 3 decimal places and final answer to 2 decimal places.) Present value
a. The future value of a savings deposit of $1,375 after seven years at an annual interest rate of 6 percent is $1,887.57
b. The future value of saving $3,350 a year for six years at an annual interest rate of 5 percent is $21,414.76
c. The present value of a savings account that will be worth $3,550 at the end of three years with a 5 percent annual interest rate is $3,070.73
a. To calculate the future value of a savings deposit, we use the FV formula: FV = PV × (1 + r)^n, where PV is the present value (initial deposit), r is the annual interest rate, and n is the number of compounding periods. Plugging in the values, FV = $1,375 × (1 + 0.06)^7. Using a financial calculator or spreadsheet, the future value is calculated to be $1,887.57.
b. To determine the future value of saving a fixed amount annually, we utilize the FVA formula: FV = Pmt × [(1 + r)^n - 1] / r, where Pmt is the annual savings amount, r is the annual interest rate, and n is the number of compounding periods. Substituting the given values, FV = $3,350 × [(1 + 0.05)^6 - 1] / 0.05. The future value, obtained using a financial calculator or spreadsheet, amounts to $21,414.76.
c. The present value of a savings account is determined by the PV formula: PV = FV / (1 + r)^n. In this case, we are given the future value, and we need to find the present value. Substituting the values, PV = $3,550 / (1 + 0.05)^3. Using a financial calculator or spreadsheet, the present value is calculated to be $3,070.73.
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Write "True" if the statement is correct & "False" if the statement is incorrect.
Answer:
where's the question?
Explanation:
An investor entered into a contract with a winery. The contract provided that the investor would invest $1 million in the winery and, in return, the winery would produce and market at least 500,000 bottles of wine each year for five years under a specified label. The contract included a provision that, if feasible, the wine would be distributed by the winery only through a certain wholesale distributor of fine wines. Neither the investor nor the winery had previously dealt with the distributor. The distributor learned of the contract two days later from reading a trade newspaper. In reliance thereon, he immediately hired an additional sales executive and contracted for enlargement of his wine storage and display facility. If the winery refuses to distribute the wine through the distributor and the distributor then sues the winery for breach of contract, is it likely that the distributor will prevail
Answer:
It is NOT likely that the distributor will prevail.
Explanation:
There was no contract between the distributor and the winery. The intended distributor was not clearly stated in the trade newspaper that the distributor read and relied on to expand his salesforce and storage and display facilities. The distributed voluntarily acted on its own whims and caprices. A contract cannot be imagined. There must be an offer and acceptance, establishing the full consent of the parties to enter into a contract. The intention to contract is also lacking.
c. Analyse why trade unions are likely to welcome an increase in the money supply. (6)
Answer:
Prolonged inflation educates trade-union leaders to bargain in real terms by allowing for expected price movements, so that incomes rapidly adjust to, or even anticipate, changes in the price level.
I am not sure about this answer.
Increased money supply often results in lower interest rates, which encourages more investment and more money in consumers' hands, which in turn increases consumption. Trade unions respond by increasing their orders for raw materials and increasing production.
What is Trade Union?A trade union commonly referred to as a union, is a group of employees who are dedicated to "maintaining or improving the conditions of their employment," such as obtaining better wages and benefits, improving working conditions, raising safety standards, establishing complaint procedures, and creating rules governing employees' status (rules governing promotions, just-cause conditions for termination, etc.).
They also work to protect the integrity of their trade by increasing bargaining power.
The trade union negotiates labor contracts (also known as collective bargaining agreements) with employers on behalf of its members, known as the rank-and-file, through an elected leadership and negotiating committee.
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3. Which of the following is NOT an example of a violation of professional ethics?
Coming to a school activity after participating in happy hour with colleagues is not an example of a violation of professional ethics.
What is professional ethics?Professional ethics encompass the personal and corporate standards of behaviour expected of professionals. The word professionalism originally applied to vows of a religious order. By no later than the year 1675, the term had seen secular application and was applied to the three learned professions, they are divinity, law, and medicine. The term professionalism was also used for the military profession around this same time.
Professionals and those working in acknowledged professions exercise specialist knowledge and skill. The use of this knowledge should be governed when providing a service to the public can be considered a moral issue and is termed professional ethics. It is capable of making judgments, applying its skills, and reaching informed decisions in situations that the general public cannot because they have not attained the necessary knowledge and skills.
One of the earliest examples of professional ethics is the Hippocratic oath to which medical doctors still adhere to this day.
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Question 4 of 10
Which of the following is not a characteristic of both experiments and
surveys?
A. The researcher exercises direct control over at least one variable.
B. The data collected might be studied for patterns.
C. Subjects should be randomly selected.
D. Data are collected about a population.
SUBMIT
Answer:
C, Subjects should be randomly selected.
If you want a good result, you shouldn't throw random subjects in your survey.I hope this helped at all.
MANAGEMENT Time left 0:54:10 Hamid Bhd needs to raise funding of RM3,000,000. He may raise through debt funding which will cost the company 7 percent or via issuing common stock at a cost of 10 percent. If the company's average tax rate is at 30%, what is the after-tax cost of each of them? a. debt: $147,000; common stock: $210,000 O b. debt: $210,000; common stock: $300,000 O c. debt: $210,000; common stock: $210,000 Od. debt: $147,000; common stock: $300,000 19 Finis
To calculate the after-tax cost of debt and common stock, we need to consider the interest expense on the debt and the cost of issuing common stock.
Tax shield = Cost of debt * Tax rate
= 7% * 30%
= 0.07 * 0.30
= 0.021 or 2.1%
After-tax cost of debt = Cost of debt - Tax shield
= 7% - 2.1%
= 4.9%
After-tax cost of common stock = Cost of common stock
= 10%
a. Debt: $147,000; Common stock: $210,000 - This does not match the calculated values.
b. Debt: $210,000; Common stock: $300,000 - This does not match the calculated values.
c. Debt: $210,000; Common stock: $210,000 - This matches the calculated values.
d. Debt: $147,000; Common stock: $300,000 - This does not match the calculated values.
Interest refers to a fee or charge that is applied to borrowed money or an investment, representing the cost of borrowing or the return on investment. In the context of borrowing, interest is the amount that a borrower must pay back in addition to the principal amount. It is typically expressed as a percentage of the principal and is determined by factors such as the interest rate, loan duration, and the borrower's creditworthiness.
Interest can be charged on various types of loans, including mortgages, car loans, and personal loans. On the investment side, interest represents the earnings or income that an individual or entity receives for investing their money, such as in bonds, savings accounts, or certificates of deposit (CDs). The interest earned is usually based on the interest rate offered by the financial institution or the terms of the investment agreement.
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Why are interest rates on long-term loans higher than interest rates on short-term loans?
Answer:
loans that are loans
Explanation:
loanssss
Answer:
The long-term rate is not always higher, just usually. The reason is borrowers will usually pay more to secure long-term funding, while lenders prefer to be able to get their money back earlier.
Explanation:
What is the relationship between consumers and producers in economics?
Answer:
the consumers create demand for goods and services when prices are high consumers buy less. when prices are lower consumers buy more. producers make and sell what the consumers want.
Explanation:
hope this helps :)
A ship total weight is equal to the weight of the water it displaces. If you want to calculate the ship weight you must first know
In order to calculate the weight of the ship, it is essential to know the the volume of the part of the ship that lies below the water's surface. Thus, option (C) is correct.
What is Volume?Volume is the scalar quantity of any object that specified occupied space in 3 dimensions. For example, the space in our room is referred to as volume.
The determination of the weight of the ship, the volume of the component of the ship that rests beneath the water's surface, must be known. Therefore, it can be concluded that option (C) is correct.
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Your question is incomplete, but most probably the full question was….
a. The volume of water in the lake or ocean in which the ship is floating.
b. the volume of the entire ship.
c. the volume of the part of the ship that lies below the water's surface.
d. All of the above
A Bank with the following capital levels: common equity of 47,000, Tier 1 of 38,000, Tier 2 of 17,000. If total assets are 850,000 and risk adjusted assets are 650,000, the capital classification of the bank is
The capital classification of the bank would be "Adequately Capitalized" as its Tier 1 capital ratio.
To determine the capital classification of the bank, we need to compare its capital levels to the risk-adjusted assets. The capital classification is typically based on regulatory requirements and ratios set by the relevant financial authorities.
One common capital adequacy ratio used for classification is the Tier 1 capital ratio.
The Tier 1 capital ratio is calculated by dividing Tier 1 capital (including common equity) by risk-adjusted assets. Let's calculate the Tier 1 capital ratio:
Tier 1 capital ratio = (Tier 1 capital / Risk-adjusted assets) * 100
In this case:
Tier 1 capital = 38,000
Risk-adjusted assets = 650,000
Tier 1 capital ratio = (38,000 / 650,000) * 100
= 5.846%
Now, let's determine the capital classification based on the Tier 1 capital ratio:
Well-Capitalized: Tier 1 capital ratio ≥ 6%
Since the calculated Tier 1 capital ratio is 5.846%, it does not meet the well-capitalized threshold.
Adequately Capitalized: Tier 1 capital ratio ≥ 4%
The calculated Tier 1 capital ratio is above the adequately capitalized threshold, which is 4%.
Undercapitalized: Tier 1 capital ratio < 4%
Since the calculated Tier 1 capital ratio is above 4%, the bank is not classified as undercapitalized.
Therefore, based on the given information, the capital classification of the bank would be "Adequately Capitalized" as its Tier 1 capital ratio exceeds the minimum regulatory requirement of 4%.
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Which is the most accurate definition of body language?
Answer:
The process of communicating nonverbally through conscious or unconscious gestures and movements
Jolene's office cubicle is next to a colleague who has a provocative calendar hanging on the wall and can be frequently overheard telling vulgar jokes. The colleague's behavior is an example ofMultiple Choicea) reverse discrimination harassment.b) hostile work environment sexual harassment.c) the glass ceiling effect.d) low gender egalitarianism.e) quid pro quo sexual harassment.
The colleague's behavior is an example of: hostile work environment sexual harassment. The correct option is B.
Hostile work environment sexual harassment occurs when an individual is subjected to unwelcome sexual conduct or comments that create an offensive or intimidating work environment. This can include explicit sexual images, vulgar jokes, or other behavior that makes an employee uncomfortable or interferes with their ability to do their job.
In this case, the colleague's provocative calendar and vulgar jokes are creating a hostile work environment for Jolene, which can lead to decreased job satisfaction, increased stress, and even physical and mental health problems.
It's important for employers to have clear policies and procedures in place for addressing and preventing sexual harassment in the workplace, and for employees to speak up and report any inappropriate behavior they experience or witness.
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The following table shows a person's nominal and real wages for three years, as well as the price level (price index) for each year, using the first year as the base year. Fill in the blanks in the table, and then calculate the annual inflation rate for each year (not including the base year).
Instructions: Round your answers to 2 decimal places.
Answer:
Year Nominal wage Real wage Price level Inflation rate
1 $7 $5 140 Nil
2 $9 $6 150 7.14 %
3 $12 $7.5 160 6.67 %
Explanation:
Note: The table for the question is attached as picture
Price level in Year 1 = (Nominal wage in year 1/Real wage in year 1) * 100
Price level in Year 1 = ($7.00 / $5.00) * 100
Price level in Year 1 = 1.4 * 100
Price level in Year 1 = 140
Real wage in Year 2 = (Nominal wage in year 2 / Price level in year 2) * 100.
Real wage in Year 2 = ($9.00 / 150.00) * 100
Real wage in Year 2 = $6
Nominal wage in Year 3 = (Real wage in Year 3 * Price level in Year 3) / 100.
Nominal wage in Year 3 = ($7.50 * 160) / 100
Nominal wage in Year 3 = $1,200 / 100
Nominal wage in Year 3 = $12
Inflation rate in Year 2 = (Price level in Year 2 - Price level in Year 1) / Price level in Year 1.
Inflation rate in Year 2 = (150 - 140) / 140
Inflation rate in Year 2 = 10 / 140
Inflation rate in Year 2 = 0.0714
Inflation rate in Year 2 = 7.14 %
Inflation rate in Year 3 = (Price level in Year 3 - Price level in Year 2) / Price level in Year 2.
Inflation rate in Year 3 = (160 - 150) / 150
Inflation rate in Year 3 = 10 / 150
Inflation rate in Year 3 = 0.0667
Inflation rate in Year 3 = 6.67%.
Price level in year 1 , Real wages in year 2 , Inflation rate in year 2 and Nominal wages in year 3 are 180, 8, 11.11% and 18 respectively.
Inflation based problem:Missing information is given in the picture below.
Computation:
Price level in year 1 = [NW / RW]100
Price level in year 1 = [9 / 5]100
Price level in year 1 = 180
Real wages in year 2 = NW[100 / Price level in year 2]
Real wages in year 2 = 16[100 / 200]
Real wages in year 2 = 8
Inflation rate in year 2 = \(\frac{Price\ level \ in \ year 2 - Price\ level \ in \ year 1}{Price\ level \ in \ year 1} \times 100\)
Inflation rate in year 2 = \(\frac{200-180}{180} \times100\)
Inflation rate in year 2 = 11.11%
Nominal wages in year 3 = \(\frac{Real \ wages \times price \ level \ in \ year 3}{100}\)
Nominal wages in year 3 = \(\frac{7.50 \times240}{100}\)
Nominal wages in year 3 = 18
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What is Marketing and why is it important in a global economy? How do you interact with and are
affected by marketing daily?
Please I need help!!!
Answer:
Marketing is promoting and selling products or services, including market research and advertising. This is important to the economy because it promotes different businesses and people to buy their products/services. It also supplies more jobs in general throughout the economy. People are affected by marketing all the time! From seeing a commercial on TV to the radio to an add on Instagram, it influences our opinions, beliefs, and our everyday decisions.