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 234 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?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Eating food that has been cooked with poppy seeds may cause you to fail a drug screening test, because the seeds contain enough opiate alkaloids to register as a positive.

The hierarchy of biological classification's eight major taxonomic ranks. The hierarchy of biological classification's eight major taxonomic ranks.
Major Skeletal Muscles Major Skeletal Muscles
Major veins of the systemic circulation. Major veins of the systemic circulation.
Major Motor Pathways Major Motor Pathways
Major veins of the body. Apply deep flushing effleurage to the arms and legs from distal to ... Major veins of the body. Apply deep flushing effleurage to the arms and legs from distal to ...
Major Groups of Fungi Major Groups of Fungi
Video: Mutations and translation

For a complete list of videos, visit our video library