The table shown displays yearly salaries and the CPl across five decades. The 1999 salary in 2009 dollars is approximately $174,136.
To determine the 1999 salary in 2009 dollars, we need to adjust for inflation using the Consumer Price Index (CPI) values provided. The CPI measures changes in the price level of a basket of goods and services over time, reflecting inflation or deflation.
First, we calculate the inflation rate between 1999 and 2009 by dividing the CPI for 2009 (214.5) by the CPI for 1999 (166.0). This gives us an inflation factor of approximately 1.2939.
Next, we multiply the 1999 salary ($135,250) by the inflation factor to find the equivalent value in 2009 dollars. Performing the calculation, we get $174,135.975, which we can round to $174,136.
Therefore, the 1999 salary in 2009 dollars is approximately $174,136.
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On June 30, RB Engineering and Consultancy purchased land - fair value at $1,300,000, a building-fair value at $1,200,000 49 and parking lot - fair value at $500,000. RB Engineering and Consultancy paid $2,200,000 cash for these three.
RB Engineering and Consultancy paid $2,200,000 cash for the land, building, and parking lot.RB Engineering and Consultancy purchased three assets: land, a building, and a parking lot.
The fair value of the land was $1,300,000, the building was $1,200,000, and the parking lot was $500,000. The total fair value of the assets is the sum of their individual fair values:Fair value of land + Fair value of building + Fair value of parking lot = $1,300,000 + $1,200,000 + $500,000 = $3,000,000vHowever, RB Engineering and Consultancy paid $2,200,000 in cash for these assets. This means that they acquired the assets at a lower cost than their total fair value, resulting in a discount or bargain purchase. The difference between the fair value of the assets ($3,000,000) and the cash paid ($2,200,000) represents the discount or gain on the purchase: Discount or Gain = Fair value of assets - Cash paid Discount or Gain = $3,000,000 - $2,200,000 Discount or Gain = $800,000 Therefore, RB Engineering and Consultancy paid $2,200,000 in cash forthe land, building, and parking lot, acquiring the assets at a discount of $800,000 compared to their total fair value.
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