please ignore the previous answers
The pertent change in the cost of goods and services between December 2016 and June 2017 is 496% (Round your answers to the nearest hundredns 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%. (Round your answers to the nearest bundredths place) Hint. First calculate the percentage cost change for the period July through Dobember for esch of the previous years: 2012 through 2016 . Second, take the average of these five figures. This calculation gives us the average percent cost change. Estimates based on multiple years gives us a more stable picture of percent cost changes (b) The estimated average salary for December 31,2017 is $50240.00 (Rownd your answen to the nearest hundredths place) Hent Kinitid werage selary x average peroent cost change) + intial average salary (o) The percent change might you expect she average cost of poods and services change tetween January 1, 2016 and December 31,2038 a 1,25 ' 16 (Round your answens io the nearest hundredths place.) Hint fint calculate the pereens cost change for the period January phrovgh December for each of the previous years: 2012 through 2016.5 econd, take the average of these five figures to calculste the average percent cost change. (b) The estimated average salary for December 31,2018 is $56663.00 (Poound your answers to the neareat hundredths place.) Hint ([December 2017 average salsry * average percentage cost change) + December 2017 inerage sabry) As a newly hired compensation analyst, you've beon 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 plan's implementation (on January 1,2018 ) and end (December 31,2018 ), respectively. You have been provided with national CPI-U data, which were obtained froen the U.S. Bureau of Labor Statistics website. The pertent change in the cost of goods and services between December 2016 and June 2017 is 496% (Round your answers to the nearest hundredns 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%. (Round your answers to the nearest bundredths place) Hint. First calculate the percentage cost change for the period July through Dobember for esch of the previous years: 2012 through 2016 . Second, take the average of these five figures. This calculation gives us the average percent cost change. Estimates based on multiple years gives us a more stable picture of percent cost changes (b) The estimated average salary for December 31,2017 is $50240.00 (Rownd your answen to the nearest hundredths place) Hent Kinitid werage selary x average peroent cost change) + intial average salary (o) The percent change might you expect she average cost of poods and services change tetween January 1, 2016 and December 31,2038 a 1,25 ' 16 (Round your answens io the nearest hundredths place.) Hint fint calculate the pereens cost change for the period January phrovgh December for each of the previous years: 2012 through 2016.5 econd, take the average of these five figures to calculste the average percent cost change. (b) The estimated average salary for December 31,2018 is $56663.00 (Poound your answers to the neareat hundredths place.) Hint ([December 2017 average salsry * average percentage cost change) + December 2017 inerage sabry) As a newly hired compensation analyst, you've beon 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 plan's implementation (on January 1,2018 ) and end (December 31,2018 ), respectively. You have been provided with national CPI-U data, which were obtained froen the U.S. Bureau of Labor Statistics website
