Answered: Determine Julian’s real income in 2014.…

Determine Julian’s real income in 2014. $ b) Determine Julian’s real income in 2015. $ c) Should Julian be happy about his increase in salary from 2014 to 2015? $

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

See similar textbooks

Related questions

Q: The Manana Corporation had sales of $71.2 million this year. Its accounts receivable balance…

Q: Express 1.97% as a decimal.

A: We have to convert the percentage into decimal.

Q: Last month, the Women's Hospital reported 123 obstetrical discharges and five deaths. (The deaths…

Q: Assignment Questions (answer all questions): 1. Define index number and mention the uses of index…

A: Define the term “Index number” The index number is nothing but the ratio or an average of ratio…

Q: annual interest compoundled quarterly. will it tale the account to Konnd answer to ledecimal place

A: Given, Principal = p = $ 3000 Rate of interest = r = 8 % annually Amount = A = $ 12000…

Q: d. In(3x): da

Q: The average price for regular gasoline in Toronto is $1.35 per liter, or L (in Canadian dollars, as…

A: The average price of gasoline in Toronto in April 2014 was $1.35 CAD per liter. To convert this to…

Q: The annual revenue of Amazon is given in the table below (source ). Year 2020 2019 2018 2017 2016…

A: Given data:

Q: Ben has a savings account at a bank that charges a $4.50 fee for every month his balance falls below…

Q: y 135%,

A: answer is in next step

Q: Ashley's investment fund had a balance of $280,000 on January 1, 1995 and a balance of $449,000 two…

A: Given: Initial investment made is $280,000. Time for which investment is made is 2 years. Annual…

Q: . Exchange Rates On a certain date, each Japaneseyen was worth 0.34954 Russian ruble and eachChilean…

A: 1 Japanese Yen=0.34954 Russian ruble&1 Chilean peso=0.171718 Japanese yen

Q: An employee of a repair shop receives a gross pay of $454.55 for a regular workweek of 36 hours.…

A: To find the hourly rate of pay, you can use the formula:Here, the Gross Pay is $454.55, and the…

Q: In one particular month, a person has a balance of $ 3,490 on their credit card for 9 days. They…

A: From the provided information, the amount of balance on the credit card is given as:Amount of…

Q: If the billing cycle length for a credit card is one calendar month, which month of the year has the…

A: The billing cycle length of credit card is one calendar month i.e. monthly In January the number of…

Q: An account invested in a money market fund grew from $24,811.63 to $25,111.51 in a month. What was…

Q: Complete the following table. Show solutions correct to two decimal places. % Markup Based on…

Q: Suppose you require 2500 food Calories per day. a. What is your average power, in watts? b. How much…

A: We have to find the average power and energy.

Q: A raffle has a grand prize of a Caribbean cruise valued at $9000 with a second prize of a weekend in…

A: The value of the grand prize (which includes a Caribbean cruise) is $9000.The value of the second…

Q: Convert 62 % to a decimal.

A: Given: 62%

Q: What is the average annual percent increase in international passenger revenues?

A: A company reported their revenues increased from $52 million in 1998 to $510 million in 2021 X0 =…

Q: Question 6 of 15 Ivy purchases phones for $251.00 each and is selling them for $304.00 each. a. What…

A: Markup is something related to the profit. That is markup is the amount that is added to the cost to…

Q: The newborn nursery reports 160 infants were born at the hospital in May. Four of these infants died…

A: Newborn Death Rate:The formula to find newborn death rate is as follows:

Question

Julian’s income was $64,390.00 in 2014 and $70,635.83 in 2015. If the CPI was 127.9 in 2014 and 137 in 2015 with 2002 as the base year,

a) Determine Julian’s real income in 2014. $

b) Determine Julian’s real income in 2015. $

c) Should Julian be happy about his increase in salary from 2014 to 2015? $

Expert Solution

Step 1

Julian’s income was $64,390.00 in 2014

and $70,635.83 in 2015.

If the CPI was 127.9 in 2014 and 137 in 2015 with 2002 as the base year

Step by step

Solved in 2 steps with 1 images

SEE SOLUTION Check out a sample Q&A here

Similar questions

An electrician is paid $1,420 in January; $1,560 in February; $1,672 in March; $1,878 in April; $1,925 in May; and $2,016 in June. What is the average monthly pay?
Question 6 Convert 283% to a decimal and do not round.
A company's sales in Seattle were $390,000 in 2012, while their sales in Portland were $270,000 for the same year. Complete the following statements:a. Seattle's sales were % larger than Portland's.b. Portland sales were % smaller than Seattle's.c. Portland sales were % of Seattle's.Give answers accurate to at least one decimal place.
Question 23 During a month's time, an automobile salesperson receives a 6% commission on the first $5000 in sales, a 7% commission on the next $5000 sales, 8% commission on anything over $10,000. What is her commission for $36000 in sales?
SOLVE COMPLETELY. SHOW THE STEP-BY-STEP SOLUTION
Answer please.
The rent for tenants in a building in 1940 was $30 per month. The landlord changes the rent based on the CPI-U. Use the CPI-U chart below to calculate the current rent in 2019. Round to the nearest dollar. Year CPI-U 1940 14.0 1949 23.8 1983 99.6 2000 172.2 2005 195.3 2009 214.5 2014 236.0 2017 245.1 2019 255.7 2020 258.8