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 236 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?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

Aspirin may benefit 11 different cancers, including those of the colon, pancreas, lungs, prostate, breasts, and leukemia.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

Did you know?

Patients who have undergone chemotherapy for the treatment of cancer often complain of a lack of mental focus; memory loss; and a general diminution in abilities such as multitasking, attention span, and general mental agility.

Did you know?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

The major types of plant nutrients and their sources. The major types of plant nutrients and their sources.
The hierarchy of biological classification's eight major taxonomic ranks. The hierarchy of biological classification's eight major taxonomic ranks.
Three days after the Boston Marathon explosion, the FBI released this photograph that had been taken Three days after the Boston Marathon explosion, the FBI released this photograph that had been taken
The fuel system should hold pressure if the system is leak free. The fuel system should hold pressure if the system is leak free.
Energy Transfer Processes: Free Convection Energy Transfer Processes: Free Convection
The average weight gain between Thanksgiving and New Year's Day is about a pound The average weight gain between Thanksgiving and New Year's Day is about a pound
Video: Exercise and cardiac output

For a complete list of videos, visit our video library