Iggie took a university teaching job as an assistant professor in 1980 at a salary of $15,000. By 2011, she had been promoted to full professor, with a salary of $70,000. If the price index was 82 in 1980 and 225 in 2011, then what is Iggie's 1980 salary in 2011 dollars?
a. $25,511b. $52,073c. $40,140d. $41,159
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Iggie took a university teaching job as an assistant professor in 1980 at a salary of $15,000. By 2011, she had been promoted to full ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Ralph Waters owns forested land. The Department of the Interior has declared that a small fruitfly on his property is an endangered species and prevented the harvesting of trees there. Ralph: a. cannot harvest trees. b.
Answers (1)
Big Steel Co. has the following accounts: Current assets $10,000 Property, plant & equipment $240,000 Less: accumulated depreciation 100,000 140,000 Total assets $150,000 Gross profit $95,000 Depreciation expense $25,000 Tax expense $10,000 Net
Answers (2)
Nathan works as a materials scientist for a carpet manufacturer. He has developed a material that does not work well in carpeting, but it could have applications in hard flooring or other construction products.
Answers (1)
On January 1, Boston Company completed the following transactions (use a 7% annual interest rate for all transactions) : (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use the appropriate factor (s) from the tables provided.
Answers (1)
Which of the following statements is correct? A. Governments have a difficult time fine-tuning the economy by using fiscal policy because of the automatic stabilizers. B.
Answers (1)
New Questions in Business
When the price of a product is increased 10 percent, the quantity demanded decreases 15 percent. The price-elasticity of demand coefficient for this product is
Answers (1)
Which of the following would be a closed question? What interests you about this job? Why did you decide to change career fields? Where do you see yourself in five years? When did you move here?
Answers (1)
Hutchinson Corporation has zero debt - it is financed only with common equity. Its total assets are $330,000.
Answers (1)
A customer owns 210 shares of ABC common stock. ABC declares a rights offering, with the terms being that for every 20 rights tendered, a shareholder may purchase one additional share at $20 per share.
Answers (1)
A 30-year 6% callable corporate bond with a face value of $10,000 was issued in June of 2000. It is now June of 2015, the call protection has expired, and the bond can be immediately called at a call price of 102% of par.
Answers (1)