After graduating from college in 2010, Art Major's starting salary is $30757.00. Suppose Art Major has a cost of livingadjustment (COLA) clause, or an escalator clause, in his labor contract so that he will be able to maintain this same level ofpurchasing power in real terms in 2011 and 2012. Using the information in the table, how much will Art Major earn in 2011 and2012 if his salary keeps up with inflation? Round your answers to the nearest dollar.YearCPI2010103.772011105.692012113.86What is Art Major's salary in 2011?What is Art Major's salary in 2012?$

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Answered: After graduating from college in 2010,…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Alexandria's typical daily meal costs are as follows: Breakfast Lunch Dinner $3.67 $3.97 $6.34 What is Alexandria's typical monthly food costs? Use the same calculation that you did for your Avatar's typical monthly food costs. First determine how much Alex spends on food in a week. Then determine how much Alex would spend in a year (use the approximation that there are 52 weeks in a year). From that value, determine Alex's typical monthly food costs by using the idea that there are 12 months in a year. O $55.92 O $424.06 O $13.98 O $391.44
Price of Gold. The price of gold (end-of-year closing price in dollars per troy ounce) is shown in the table below. Year 1986 1996 2006 2016 Price $391 $369 $636 $1152 The prices shown in the table are not adjusted for inflation. Revise the above table to express all prices in terms of 2016 dollars. If you bought 3 ounces of gold in 1986 and sold it in 1996, would you have seen a profit (adjusted for inflation)? Explain. If you bought 3 ounces of gold in 2006 and sold it in 2016, would you have seen a profit (adjusted for inflation)? Explain.
A manufacturer’s contribution margin income statement for the year follows. Prepare contribution margin income statements for each of the two separate cases below. Unit selling price decreases by 5% and units sold and produced increase by 8%. Hint: A unit increase has both a sales and costs impact. Fixed costs increase by $20,000, variable costs per unit decrease by $2, and units sold and produced increase by 500 Use the table below to figure out the Sales, Variable Cost, Contribution Margin, Fixed Cost, and Income (loss) of each question.
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Many factors influence the retail price of gasoline. Suppose the following table shows the average retail price for a gallon of regular grade gasoline for each year from 2011 through 2014. (Round your answers to one decimal place.) Year Average Price ($) 2011 3.531 2012 3.618 2013 3.515 2014 3.348 (a) Use 2011 as the base year and develop a price index for the retail price of a gallon of regular grade gasoline over this four-year period. 2011 price index 100 100.0 2012 price index 2013 price index X X 100.1 2014 price index 100.1 X (b) Use 2012 as the base year and develop a price index for the retail price of a gallon of regular grade gasoline over this four-year period. 2011 price index X 100.0 2012 price index 100 2013 price index 100.0 X 2014 price index 100.1 X
When we chart the price of milk in 1995 dollars we find that it has become slightly more expensive ,but when we chart it in 1975 dollars we find that it has become cheaper. Which statement is correct ?? a. Not make sense, because prices always rise with time b. Not make sense, because the same trend would be seen regardless of what kind of dollars are used c.make sense, because 1975 dollars are worth than 1995 dollars d.make sense,because 1995 dollars more worth than 1975 dollars
Stadium View Apartment Complex has 20 apartments to rent. Historical data Trend suggests that any time rent increases by $50.00 per month one apartment becomes vacant. The current rent is $400.00 per month. How many $50.00 increases will enable Stadium View Apartments maximize its total monthly rent revenue?
A certain city's power company charges their residents for electricity usage on a daily basis. There is a basic charge of 11.57 cents. For each day the first 10 kWh cost 4.81 cents per kWh and any additional kWhs are 9.69 per kWh. (A kWh, or kilowatt-hour, is a unit of energy.) (a) Complete the following table using the information provided above. kWhkWh 0 5 10 15 20 cost (dollars)cost (dollars) kWhkWh 25 30 35 40 cost (dollars)cost (dollars) (b) We can define a piecewise function f(x)f(x) where xx is the kWh used in a day and f(x)f(x) is the cost, in dollars. This function would have the form f(x)={g(x)h(x)ififx∈Ax∈Bf(x)={g(x)ifx∈Ah(x)ifx∈B What functions g(x)g(x) and h(x)h(x) make up the piecewise function f(x)f(x)? g(x)=g(x)= for A = h(x)=h(x)= for B = Hint: A and B are intervals. If an interval uses ±∞±∞ write inf or -inf . (c) Using the above function, what is the cost of 26 kWh? dollars. (d) For 3 dollars, what is the maximum kWh usage for one…
Jennifer's investment account balance grew from $400 to $432.76 in 5 months. What annual rate of simple interest does her investment pay? O 18.4% 15% O 21.3% esc 19.7% ! 1 NO @ 2 #3 $ 4 % 5 T 6 Y & 7 U * 8 ( ( 9 O ) O P ساسا + 11 { [ = ✔ } 1
In a given year, the U.S. federal income tax owed by a married couple filing jointly can be found from the following table. Married Filing Jointly Taxable Income $0-$18,550 T(x) = $18,551-$75,300 $75,301-$151,900 amount over $75,300 $413,351-$466,950 Tax Rate 10% $1,855 plus 15% of the amount over $18,550 $10,367.50 plus 25% of the $151,901-$231,450 amount over $151,900 $466,951 or more if $29,517.50 plus 28% of the $231,451-$413,350 amount over $231,450 $51,791.50 plus 33% of the $130,578.50 plus 39.6% of the amount over $466,950 (a) For incomes up to $151,900, write the piecewise defined function T with input x that models the federal tax dollars due as a function of x, the taxable income dollars earned. $111,818.50 plus 35% of the amount over $413,350 0 < x≤ 18,550 if 18,550 < x≤ 75,300 if 75,300 < x≤ 151,900 (b) Use the function to find T(40,000). $ (c) Find the tax due on a taxable inco of $90,000. $ (d) A friend tells Jack Waddell not to earn any money over $75,300 because it…
A certain company grants a six-month investment product that offers to pay its clients 8% the first month, 12% the second month, 11% the third month, 8% the fourth month, 14% the fifth month and 15% the sixth month. What would be the value of the average rate that the customer will receive? Write your answer to 2 decimal places.

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