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I need the answer to the last 2 question that's not answered. please show work. thank u. Updating Salary Survey Data As a newly hired
I need the answer to the last 2 question that's not answered. please show work. thank u.
Updating Salary Survey Data As a newly hired compensation analyst, you've been asked by the Director of Compensation to assist with the preparation of next year's compensation plan for accounting jobs. The period forth 1-December 31, 2018. Your assignment is to update salary survey data using the CPI-U to estimate new salary information. Also, assume that it is July 1, 2017, and you have been asked to sub two days. The salary survey data were current through the end of 2016, and the initial average salary reported for accountant jobs in the survey was $50,000. The salary data will be 12 and 24 m implementation on January 1, 2018) and end (December 31, 2018), respectively. You have been provided with national CPI-U data, which were obtained from the U.S. Bureau of Labor Statistics Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 2013 2014 2015 2016 2017 242.84 246.67 250.34 249.83 252.99 259.02 243.32 247 93 250.52 250 27 252 53 259.10 243.80 244.18 243.71 243.52 243 59 244 91 246 01 246.63 246 24 246.22 247 28 246.79 246.89 247 44 247 90 248 45 248 54 248 66 249.10 249.71 250.95 251.46251.86 252.18 252.48 252.43 252.45 252.44 252 04 251.27 250 95 251.16 251.95 252.61 252 99 252.98 252.46 252.76 253.07 252 82 253 02 253 84 254 43 255 07 255 05 255 56 256 01 256.66 257 08 257.78 258.71 259.08 258.91 259 03 The percent change in the cost of goods and services between December 2016 and June 2017 is 48 % (Round your answers to the nearest hundredths place) tharina 17 17 Thonorrland mit Vort tha BSAMOA Adencontres arthe A Enter your answer in the edit fields and then click Check Answer All parts showing Type here to search (b) The estimated average salary for December 31, 2017 is S 50233.38 (Round your answers to the nearest hundredths place) Hint: [initial average salary x average percent cost change) + Initial average salary (a) The percent change might you expect the average cost of goods and services change between January 1, 2018 and December 31, 2018 is 1% (Round your answers to the nearest hundredths place. Hint First, calculate the percent cost change for the period January through December for each of the previous years. 2012 through 2016 Second, take the average of these five figures to calculate the average percent cost change (b) The estimated average salary for December 31, 2018 is (Round your answers to the nearest hundredths place Hint. (December 2017 average salary average percentage cost change) + December 2017 average salary Enter your answer in the edit Tields and then click Check Answer All parts showing Type here to search OR: Updating Salary Survey Data As a newly hired compensation analyst, you've been asked by the Director of Compensation to assist with the preparation of next year's compensation plan for accounting jobs. The period forth 1-December 31, 2018. Your assignment is to update salary survey data using the CPI-U to estimate new salary information. Also, assume that it is July 1, 2017, and you have been asked to sub two days. The salary survey data were current through the end of 2016, and the initial average salary reported for accountant jobs in the survey was $50,000. The salary data will be 12 and 24 m implementation on January 1, 2018) and end (December 31, 2018), respectively. You have been provided with national CPI-U data, which were obtained from the U.S. Bureau of Labor Statistics Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2012 2013 2014 2015 2016 2017 242.84 246.67 250.34 249.83 252.99 259.02 243.32 247 93 250.52 250 27 252 53 259.10 243.80 244.18 243.71 243.52 243 59 244 91 246 01 246.63 246 24 246.22 247 28 246.79 246.89 247 44 247 90 248 45 248 54 248 66 249.10 249.71 250.95 251.46251.86 252.18 252.48 252.43 252.45 252.44 252 04 251.27 250 95 251.16 251.95 252.61 252 99 252.98 252.46 252.76 253.07 252 82 253 02 253 84 254 43 255 07 255 05 255 56 256 01 256.66 257 08 257.78 258.71 259.08 258.91 259 03 The percent change in the cost of goods and services between December 2016 and June 2017 is 48 % (Round your answers to the nearest hundredths place) tharina 17 17 Thonorrland mit Vort tha BSAMOA Adencontres arthe A Enter your answer in the edit fields and then click Check Answer All parts showing Type here to search (b) The estimated average salary for December 31, 2017 is S 50233.38 (Round your answers to the nearest hundredths place) Hint: [initial average salary x average percent cost change) + Initial average salary (a) The percent change might you expect the average cost of goods and services change between January 1, 2018 and December 31, 2018 is 1% (Round your answers to the nearest hundredths place. Hint First, calculate the percent cost change for the period January through December for each of the previous years. 2012 through 2016 Second, take the average of these five figures to calculate the average percent cost change (b) The estimated average salary for December 31, 2018 is (Round your answers to the nearest hundredths place Hint. (December 2017 average salary average percentage cost change) + December 2017 average salary Enter your answer in the edit Tields and then click Check Answer All parts showing Type here to search ORStep by Step Solution
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