When Sue graduated from college, she got a job with a starting salary of $30,000. When Sue's sister Jan graduated five years later, her starting salary was $38,000. Jan likes to tease Sue about earning more than Sue did right out of college. Sue claims that she actually had a higher salary in real dollars. The Consumer Price Index rose 12 percent during the five years separating the sisters' graduations.
Therefore, we can conclude that:
a. Sue earned a higher real salary.
b. Jan earned a higher real salary.
c. both Sue and Jan earned the same real salary.
d. There isn't enough information to determine who earned the higher real salary.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “When Sue graduated from college, she got a job with a starting salary of $30,000. When Sue's sister Jan graduated five years later, her ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Which of the following taxpayers may not be able to claim full benefits for some common itemized deductions? A. Andre, a single taxpayer whose adjusted gross income was $270,000. B.
Answers (1)
The following information pertains to Guy's Gear Company: Sales $ 80,000 Expenses: Cost of Goods Sold $ 50,000 Depreciation Expense 6,000 Salaries and Wages Expense 12,000 68,000 Net Income $ 12,000 Accounts Receivable Decrease $ 4,000 Inventory
Answers (1)
A drawback of buying a franchise is there is more opportunity for creativity, resulting in the owner spending too much time in this area. if the national chain suffers, so does the franchisee. the sba (small business administration) frowns upon it.
Answers (1)
When management seeks to achieve personal departmental objectives that may work to the detriment of the entire company. True or False
Answers (1)
Are witchcraft True? answer briefly!
Answers (1)
New Questions in Business
If a bank depositor withdraws $1000 of currency from an account, what happens to bank reserves, checkable deposits, and the monetary base? Assume that the required reserve ratio on checkable deposits is 10% and banks do not hold any excess reserves.
Answers (1)
During the Great Depression, consumer spending was higher than ever in history. Question 10 options: True False
Answers (2)
A property is being appraised by the cost approach. The appraiser estimates that the land is worth $17,000 and the replacement cost of the improvements is $235,000. Total depreciation from all causes is $23,000.
Answers (1)
NorthWest Corp. obtained the following information from its accounting records: Sales $70,000 Beginning Finished Goods Inventory $10,000 Ending Finished Goods Inventory $46,000 Cost of Goods Sold $22,000 Ending Work-in-Process Inventory $30,000
Answers (1)
Sally is buying a home and the closing date is set for April 20th. The annual property taxes are $1,234.00 and have not been paid yet. How much will the buyer be credited and the seller be debited?
Answers (1)