This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: In 1975, the era of major league baseball free agency began. The average player salary was 16,000. ... (Read 158 times)

leo leo

  • Hero Member
  • *****
  • Posts: 566
on: Jul 10, 2018
In 1975, the era of major league baseball free agency began. The average player salary was 16,000. In 1980, the average salary was 30,000. What was the average annual growth in the minimum salary in major league baseball over those five years?
 
  A) 37.50
  B) 13.40
  C) 5.92
  D) 10.67

Question 2

The percent-of-sales method of developing a pro forma income statement forecasts sales and other line items as a ________.
 
  A) percentage of projected sales
  B) percentage of average sales over a period
  C) percentage of projected total assets
  D) percentage of average total assets over a period


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

janieazgirl

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jul 10, 2018
Answer to Question 1

Answer: B
Explanation: B) r = (FV/PV)1/n - 1 = (30,000/16,000)1/5 = 13.40
MODE = END
INPUT 5 ? -16,000 0 30,000
KEY N I/Y PV PMT FV
CPT 13.40

Answer to Question 2

A


leo leo

  • Hero Member
  • *****
  • Posts: 566
Reply #2 on: Jul 10, 2018
Thank you


janieazgirl

  • Sr. Member
  • ****
  • Posts: 300
Reply #3 on: Jul 10, 2018
No problemo


« previous next »
 

Did you know?

Essential fatty acids have been shown to be effective against ulcers, asthma, dental cavities, and skin disorders such as acne.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Children with strabismus (crossed eyes) can be treated. They are not able to outgrow this condition on their own, but with help, it can be more easily corrected at a younger age. It is important for infants to have eye examinations as early as possible in their development and then another at age 2 years.

Did you know?

As the western states of America were settled, pioneers often had to drink rancid water from ponds and other sources. This often resulted in chronic diarrhea, causing many cases of dehydration and death that could have been avoided if clean water had been available.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Synthesis and major functions of the chief steroid hormones in animals. Synthesis and major functions of the chief steroid hormones in animals.
The Major Divisions of the Peripheral Nervous System The Major Divisions of the Peripheral Nervous System
Major Findings of the High Scope Preschool Study High Scope participants showed better academic per Major Findings of the High Scope Preschool Study High Scope participants showed better academic per
Major Events in the History of Psychology (2 of 6) Major Events in the History of Psychology (2 of 6)
Major components and functions of the nervous system. Major components and functions of the nervous system.
Major Surface-Ocean Currents Major Surface-Ocean Currents
Video: Barriers - eye structures, digestive mucosa, respiratory mucosa & genitourinary mucosa

For a complete list of videos, visit our video library