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please ignore previous answers The pertent change in the cost of poods and services between Destmber 2016 and June 2017 is 496% (Round your answers

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The pertent change in the cost of poods and services between Destmber 2016 and June 2017 is 496% (Round your answers to the nearest hundredins place) (a) The percent change might you expect the average cost of goods and services over the second 6 -month poriod of 2017 is 0.48 . N (Round your answers to the nearest hundredths place.) Hint First calculate the percentage cost change for the period July through Dobember for each of the previous years: 2012 through 2016 . Second, take the average of these five figures. This calculation gives us the average percent cost change. Estinates based on multiple years gives ls a more stable picture of percent cost changes (b) The estimated average salary for December 31,2017 is $5024000 (Round your answen to the nesrest hundredths place) Hint Hintial owerags salary x average peroent cost change) + intial average salary (e) The percent change might you expect the average cost of poods and sorvices change between January 1, 2018 and December 31,2038 a 125746 (Round your answers to the nearest hundredths place.) Hint Fint, calculate the pereent cost change for the pened January enrough December for each of the previous years. 2012 through 2016.5 econd, take the average of these five foures to caiculate the average percent cost change. (0)) The estimated averiage savary for December 31,2018 is $5066300 (Found your answers to the nearest hundredths place.) Hint (1December z017 average salary * average percentage cost change) + December 2017 inerage swary) 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 for the compensation plan is January 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 submit your analysis within the next 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 wil be 12 and 24 months old at the pay plar's 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 website. The pertent change in the cost of poods and services between Destmber 2016 and June 2017 is 496% (Round your answers to the nearest hundredins place) (a) The percent change might you expect the average cost of goods and services over the second 6 -month poriod of 2017 is 0.48 . N (Round your answers to the nearest hundredths place.) Hint First calculate the percentage cost change for the period July through Dobember for each of the previous years: 2012 through 2016 . Second, take the average of these five figures. This calculation gives us the average percent cost change. Estinates based on multiple years gives ls a more stable picture of percent cost changes (b) The estimated average salary for December 31,2017 is $5024000 (Round your answen to the nesrest hundredths place) Hint Hintial owerags salary x average peroent cost change) + intial average salary (e) The percent change might you expect the average cost of poods and sorvices change between January 1, 2018 and December 31,2038 a 125746 (Round your answers to the nearest hundredths place.) Hint Fint, calculate the pereent cost change for the pened January enrough December for each of the previous years. 2012 through 2016.5 econd, take the average of these five foures to caiculate the average percent cost change. (0)) The estimated averiage savary for December 31,2018 is $5066300 (Found your answers to the nearest hundredths place.) Hint (1December z017 average salary * average percentage cost change) + December 2017 inerage swary) 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 for the compensation plan is January 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 submit your analysis within the next 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 wil be 12 and 24 months old at the pay plar's 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 website

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