Let revenues increase by 10% from $100,000 to $110,000. Calculate the percentage change in real terms if

Question:

Let revenues increase by 10% from $100,000 to $110,000. Calculate the percentage change in real terms if the relevant price index increases by 4% from 100 to 104?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Statistics Communicating With Numbers

ISBN: 9780078020551

2nd Edition

Authors: Sanjiv Jaggia, Alison Kelly

See More Books

Question Posted: Dec 20, 2016 09:54 AM

See More Questions

The average hourly wage rate for construction laborers in 2001 was $13.36. In 2017 construction laborers made $18.70 per hour. The CPI for 2001 was 177.1 and for 2017, 245.1. Calculate the percentage...
An item increases in value from 240 to 280 in one year. What is the percentage change in the value of this item? Compute the percentage change in real terms if overall prices have increased by 5% for...
Registered nurses in 2007 made an average hourly wage of $30.04. In 2017, their hourly wage had risen to $35.36. Given that the CPI for 2007 was 207.3 and the 2017 CPI was 245.1, answer the...
Show the income statement, cash flow statement and balance sheet of the company at 31/12/2020 if: 1. The company start its operations on June 1st, 2020. Over the period, it sells 50 laptop for $400....
Sam said to Carol, Kim is going to sell me a good used car next Monday, then Ill deliver it to you in exchange for your microcomputer, but Id like to have the computer now. Relying on this statement,...
Drink-At-Home, Inc. (DAH, Inc.), develops, processes, and markets mixes to be used in nonalcoholic cocktails and mixed drinks for home consumption. Mrs. Lee, who is in charge of research and...
Newcastle Sporting Goods distributes merchandise to sporting goods stores. All sales are on credit, so virtually all cash receipts arrive in the mail. William Borrows, the company president, has just...
Telfer, Inc. reported net income of $2.8 million in 2017. Depreciation for the year was $160,000, accounts receivable decreased $350,000, and accounts payable decreased $280,000. Compute net cash...
Question 1 On May 10, Stellar Co. issues 3,100 7 par value ordinary shares for cash at 16 per share. Journalize the issuance of the shares. (Credit account titles are automatically indented when...
Three years ago. Karen Suez and her brother-in-law Reece Jones opened Glgasales Department Store. For the first 2 years, business was good, but the following condensed income statement results for...
The nominal values for four years are given by 32, 37, 39, and 42. Convert these values to real terms if the price index values for the corresponding years are given by 100, 102, 103, 108?
The following table represents the nominal values of an item and the corresponding price index for 2007 and 2008. Year............... Nominal Value.............. Price Index...
Why is conciseness valued in business communication? Provide at least three suggestions for reducing word count without sacrificing content.
In 2022, Andrew, who is single, has a comfortable salary from his job as well as income from his investment portfolio. However, he is habitually late in filing his federal income tax return. He did...
1. What is the cost of direct materials used? 2. What is the cost of indirect materials used? 3. What is the cost of direct labour? 4. What is the cost of indirect labour? 5. What is the cost of...
Finding Critical Values. In Exercises 5-8, find the critical value za/2 that corresponds to the given confidence level. 5. 90% 6. 99%
You are an attorney at the law firm that represents Danfield's Auto Express. Your supervisor, Attorney Donna Defense, wants you to draft an internal memorandum of law to her assessing whether or not...
I desperately need help in this assignment, please help me!! Case Study Assignment You have recently been recruited by Velvet Chocolates Lid, a chocolate manufacturer, as an assistant management...
Implement the logic for the Control signal 1. Your circuit should directly implement the given expression (do not reorganize the expression to optimize it), using NOT gates and 2-input AND, OR, and...
Phosgene, COCl2, is a toxic gas used in the manufacture of urethane plastics. The gas dissociates at high temperature. At 400oC, the equilibrium constant Kc is 8.05 104. Find the percentage of...
For a large restaurant chain, a financial analyst uses the following model to estimate a franchises net profit: y = 0 + 1 x 1 + 2 x 2 + i , where y is net profit, x 1 is counter sales, and x 2 is...
Is it defense or offense that wins football games? Consider the following portion of data, which includes a teams winning record (Win in %), the average number of yards gained, and the average number...
In order to determine if the homeownership rate in the U.S. is linked with income, state level data on the homeownership rate (Ownership in %) and median household income (Income in $) were...
A company is evaluating a new 4-year project. The equipment necessary for the project will cost $3,300,000 and can be sold for $650,000 at the end of the project. The asset is in the 5-year MACRS...
You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company...
I need to see where the calculations for this problem come from plz. 5. Award: 4.00 points Lucido Products markets two computer games: Claimjumper and Makeover. A contribution format income statement...

Let revenues increase by 10% from $100,000 to $110,000. Calculate the percentage change in real terms if

Question:

Step by Step Answer:

The nominal revenue equals the real reven...View the full answer

Business Statistics Communicating With Numbers

Students also viewed these Statistics questions