Suppose the nominal median household income in the united states was $24,218.00 in 1985, $35,078.00 in 1995, $48,726.00 in 2005, and $51,676.00 in 2010.

you will need to know that the cpi (multiplied by 100, 1982–1984 = 100) was 107.8 in 1985, 152.6 in 1995, 195.5 in 2005, and 218.3 in 2010.

instructions: enter your responses rounded to two decimal places.

year

real income

1985

$

1995

$

2005

$

2010

$

between 1985 and 2005, the real median household income (rose/declined/stayed constant)?

between 2005 and 2010, the real median household income (stayed constant/rose/declined)?

if the boskin commission's conclusions about cpi were confirmed, then real median income would be (greater than/smaller than/the same) as the values computed above?

Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be:

Job 456 was recently completed. the following data have been recorded on its job cost sheet: direct materials $ 2,418 direct labor-hours 74 labor-hours direct labor wage rate $ 13 per labor-hour machine-hours 137 machine-hours the corporation applies manufacturing overhead on the basis of machine-hours. the predetermined overhead rate is $14 per machine-hour. the total cost that would be recorded on the job cost sheet for job 456 would be: multiple choice $3,380 $5,298 $6,138 $2,622

Greenway industries is a major multinational conglomerate. its business units compete in a range of industries, including home appliances, pharmaceuticals, commercial real estate, and plastics manufacturing. although its largest business unit, which produces kitchen appliances, is among the most profitable in the industry, it generates only 35 percent of the company's revenues. which of the following is most likely true of greenway's stock price? a. it is valued at less than the sum of its individual business units. b. it is valued at greater than the sum of individual business units. c. it is valued at the exact sum of individual business units. d. it is consistently lower than the industry average. it is valued at greater than the sum of individual business units.