Help with 1. C please 1.MFLA CPIYou can use your knowledge of CPI to negotiate salaries.For example: My friend, Allison, was applying for jobs and was offered a position in two different locations.Wilmington, NC offered her $55,000City X offered her $51,000The cost of living in Wilmington NC is much higher than city X.The CPI= 101.8 and CPIWilmingtonIf you take Wilmington's CPI and compare it to City X, thenGiven CPIcity xen CPIGreeley= 91.08which means $1 in city X is equivalent to $1.1177 in Wilmington.This also means $51000 in City X is equivalent to $57002.70 in Wilmington.In terms of the amount of money, Wilmington was offering more ($55,000 vs. $51,000), but in terms of purchasingpower, City X was offering more money. Allison used this to her advantage and asked Wilmington if they would be willirto match City X's value of money and they did! So Allison was offered a job at $57,000 instead of $55,000.= 112.2 and CPIDenver= 144.2CPI WilmingtonCPI city x101.891.08= 1.1177a. Take Greeley's CPI and compare it to Denver's CPI. Explain what the number represents.112.2b. Take Denver's CPI and compare it to Greeley's CPI. Explain what the number represents.1442=0.77144.251.28712.2c. If the starting salary for a H.S. History teacher is $42,000 in Greeley, based on the cost of living, whashould the starting salary for a H.S. History teacher be in Denver?= 209.3= 117.8 and CPIChicagoNY,NYa. Take Chicago's CPI and compare it to New York's CPI. Explain what the number represents.daneTake New York's CPI and compare it to Chicago's CPI. Explain what the number represents.

Answered: 2 c. If the starting salary for a H.S.…

2 c. If the starting salary for a H.S. History teacher is $42,000 in Greeley, based on the cost of living, wh should the starting salary for a H.S. History teacher be in Denver?

Personal Finance

13th Edition

ISBN:9781337669214

Author:GARMAN

Publisher:GARMAN

Chapter2: Career Planning

Section: Chapter Questions

Problem 2DTM

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