Today, Jennifer earns $50000 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 237 and the CPI in 1975 was 82, then Choose one or more: A. Jennifer's mom is wrong. Jennifer's salary in 1975 dollars would have been $17300. B. Jennifer is wrong. Her mom's salary in today's dollars would be $5190. C. Jennifer's mom is correct. Jennifer's salary in 1975 dollars would have been $144512. D. Jennifer is correct. Her mom's salary in today's dollars would be $43354.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Today, Jennifer earns $50000 at her first job. Her mom used to make $15,000 at her first job in 1975. Jennifer is of the opinion that she ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Lee purchased a stock one year ago for $24. the stock is now worth $34, and the total return to lee for owning the stock was 0.35. what is the dollar amount of dividends that he received for owning the stock during the year?
Answers (1)
Beverage International reports net credit sales for the year of $252,000. The company's accounts receivable balance at the beginning of the year equaled $48,000 and the balance at the end of the year equaled $58,000.
Answers (1)
Based on the above table, which services-providing industry gained the most jobs between 1996 and 2006? a. educational services b. professional and business services c. retail trade d. state and local government
Answers (1)
Using the LIFO method of inventory valuation will always produce the same results for cost of goods sold and ending inventory whether a company uses perpetual or periodic inventory costing methods.
Answers (1)
The competitive equilibrium rent in a standard two bedroom apartment in lawrence (a city) is $600. now suppose the city council imposes a rent control law, imposing a price ceiling of $500. what is the impact of the rent control law?
Answers (1)
New Questions in Business
On January 3rd, Gates Gems returned merchandise they purchased on account from Jewelry Wholesalers in the amount of $1,450. What is the transaction to reflect this return?
Answers (1)
Do you feel ethics is critical in every business transactions? and why?
Answers (1)
An increase in the size of a tax is most likely to increase tax revenue in a market with elastic demand and elastic supply. a) elastic demand and inelastic supply. b) inelastic demand and elastic supply. c) inelastic demand and inelastic supply.
Answers (1)
Earth's Treasures Mining Co. acquired mineral rights for $93,000,000. The mineral deposit is estimated at 60,000,000 tons. During the current year, 16,800,000 tons were mined and sold. a. Determine the depletion rate.
Answers (1)
Using your resources wisely means using the smallest amount of resources to produce the greatest amount of output. True / False.
Answers (1)