3. Suppose Reuben earned a salary of $50,000 in 2015 and $55,000 in 2016.
a) The consumer price index was 120 in 2015 and 132 in 2016. What has happened to Reuben’s nominal and real income from 2015 to 2016? Show your work. –
b) Suppose Reuben owed student loans that had an interest rate of 3 percent. What was the real interest rate on Reuben’s student loans for 2015-2016. Show your work.
In: Economics
Zeile Company began operations on January 2, 2016. It employs 9 individuals who work 8‐hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate.
Zeile Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future rates of pay without discounting. Additional information is as follows: 2016 2017 Actual Hourly Wage Rate (2016) $15.00 (2017) $18.00
Projected Future Pay Rates Used to Accrue Vacation Pay (2016) $16.00 (2017) $18.50
Vacation Days Used by Each Employee (2016) 0 (2017) 9 Sick Days Used by Each Employee (2016) 4 (2017) 5 Instructions
(a) Prepare journal entries to record transactions related to compensated absences during 2016 and 2017.
(b) Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2016, and 2017.
In: Accounting
Zeile Company began operations on January 2, 2016. It employs 9 individuals who work 8‐hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid sick days annually. Vacation days may be taken after January 15 of the year following the year in which they are earned. Sick days may be taken as soon as they are earned; unused sick days accumulate.
Zeile Company has chosen not to accrue paid sick leave until used, and has chosen to accrue vacation time at expected future rates of pay without discounting. Additional information is as follows: 2016 2017 Actual Hourly Wage Rate (2016) $15.00 (2017) $18.00
Projected Future Pay Rates Used to Accrue Vacation Pay (2016) $16.00 (2017) $18.50
Vacation Days Used by Each Employee (2016) 0 (2017) 9 Sick Days Used by Each Employee (2016) 4 (2017) 5 Instructions
(a) Prepare journal entries to record transactions related to compensated absences during 2016 and 2017.
(b) Compute the amounts of any liability for compensated absences that should be reported on the balance sheet at December 31, 2016, and 2017.
In: Accounting
On August 1, 2016, Rafael Masey established Planet Realty, which completed the following transactions during the month of August. It's first month of operations:
A) August 1, 2016, Rafael Masey transferred cash from a personal bank account to an account to be used for the business, $77,500.
B) August 1 purchased land for $20,000
C) August 1, 2016, purchased three months of liability insurance for $1,200.
D) August 2, 2016, purchased truck for $32,500, paying 15,000 in cash and the rest as a loan.
E) August 3, 2016, purchased supplies on account, $2,300.
F) August 7 rented out land for three months to Acme Company, who will use it for temporary parking for their staff. Received 475 for the three-month rental.
G) August 10, 2016, earned sales commissions, receiving cash, $13,300.
H) August 15, paid creditor on account, $1,150
I) August 20, 2016, withdrew cash for personal use, $1,800.
J) August 30, 2016, paid office salaries, $2,800.
Prepare the journal entries for transactions a through g above and enter description for "adjusting" and "closing" entries.
In: Accounting
Given v′(t)=2ti+j, find the arc length of the curve v(t) on the interval [−2,3]. You may use technology to approximate your solution to three decimal places.
In: Math
Let f(x,y)= (3/2)(x^2+y^2 ) in 0≤x≤1, 0≤y≤1.
(a) Find V(X)
(b) Find V(Y)
In: Statistics and Probability
Prove or disprove: If G = (V; E) is an undirected graph where every vertex has degree at least 4 and u is in V , then there are at least 64 distinct paths in G that start at u.
In: Advanced Math
Define the cellular components found in prokaryotes vs. eukaryotes & animal vs. plant and B) identify which components are similar and different between prokaryotes v. eukaryotes & animal v. plant.
In: Biology
Calculate ?Go for the oxidation of NADH by FAD. Why is this reaction significant? Where used in metabolic processes? Eo’ = -0.219 V for FAD (electron acceptor) and –0.315 V for NADH (electron donor)
In: Biology
Dumas Experiment In the Dumas experiment, a pinholed flask apparatus has an empty mass of 216.422 g. When it’s completely filled, it has a volume of 268.5 mL. It’s filled with a few milliliters of a volatile solvent which is allowed to completely evaporate when immersed in a boiling water bath at 100.9oC. Upon removal and cooling to room temperature, the flask mass has increased to 217.504 g. The atmospheric pressure is 29.97 inches of Hg. 11. Reexpress the temperature of the water bath in units of Kelvin. 12. Reexpress the atmospheric pressure in units of atmospheres. (1.000 atm = 29.92 inches of Hg) 13. Reexpress the volume of the apparatus in units of liters. 14. Calculate the moles of gas contained within the flask at the water bath temperature. 15. Use the above information to calculate the molar mass of the gas. 16. Suppose that only half of the height of the flask is immersed in boiling water. No solvent condenses at the top. In which direction will this throw off the final result for the molar mass? Explain why.
In: Chemistry