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ShayGivensBum View Drop Down
Jack Charlton
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    Posted: 07 Jan 2011 at 1:12pm
Cant find the thread from last year but can someone tell me the percentage I have going into my exam on wed please. I got 58% in one essay and 53% in another both together are worth 33%. How much % have I got altogether ?

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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sham157 Quote  Post ReplyReply Direct Link To This Post Posted: 07 Jan 2011 at 1:16pm
Well to start you have over 17% of the 33%
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ShayGivensBum Quote  Post ReplyReply Direct Link To This Post Posted: 07 Jan 2011 at 1:19pm
Originally posted by sham157 sham157 wrote:

Well to start you have over 17% of the 33%


Over 17% or 17% ?
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ScruffyR Quote  Post ReplyReply Direct Link To This Post Posted: 07 Jan 2011 at 1:19pm
I would say ya have around 18%
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Sham157 Quote  Post ReplyReply Direct Link To This Post Posted: 07 Jan 2011 at 1:20pm
Originally posted by ShayGivensBum ShayGivensBum wrote:

Originally posted by sham157 sham157 wrote:

Well to start you have over 17% of the 33%


Over 17% or 17% ?
 
Over. If you had of got 50% in both your essays, you would have scored 16.5% out of the 33%, but you got more than 50% in both so it's more probably actually around 18-19%


Edited by sham157 - 07 Jan 2011 at 1:21pm
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Post Options Post Options   Thanks (0) Thanks(0)   Quote ScruffyR Quote  Post ReplyReply Direct Link To This Post Posted: 07 Jan 2011 at 1:21pm
18.315% to be percise
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Post Options Post Options   Thanks (0) Thanks(0)   Quote Shoco Quote  Post ReplyReply Direct Link To This Post Posted: 07 Jan 2011 at 1:21pm
you have 18.5% sasa

if 40% is need then you need to get 32.25 in your exal which will give you 21.5% to bring you to 40

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Post Options Post Options   Thanks (0) Thanks(0)   Quote ShayGivensBum Quote  Post ReplyReply Direct Link To This Post Posted: 07 Jan 2011 at 1:22pm
Ok............ sh*tE

Thanks tho
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Post Options Post Options   Thanks (0) Thanks(0)   Quote seanyshuffler Quote  Post ReplyReply Direct Link To This Post Posted: 15 Mar 2013 at 5:40pm
Does anyone know the easiest way to convert nominal wages into real wages. Basically I want to take wages from a certain industry since 1988 and change them in lieu of inflation. Do I just divide nominal wages by the rate of inflation and then muliply by 100?
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Post Options Post Options   Thanks (1) Thanks(1)   Quote c90 Quote  Post ReplyReply Direct Link To This Post Posted: 15 Mar 2013 at 6:35pm
Originally posted by seanyshuffler seanyshuffler wrote:

Does anyone know the easiest way to convert nominal wages into real wages. Basically I want to take wages from a certain industry since 1988 and change them in lieu of inflation. Do I just divide nominal wages by the rate of inflation and then muliply by 100?

 
not sure if its wat your askin but if the rate of inflation is 4% just multiply the nominal by 1.04 ( likewise if it was 0.5% then multiply by 1.005)

have u got an inflation rate from '88 till now or do ye just have year on year rates ?


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Post Options Post Options   Thanks (0) Thanks(0)   Quote seanyshuffler Quote  Post ReplyReply Direct Link To This Post Posted: 15 Mar 2013 at 6:37pm
Originally posted by c90 c90 wrote:

Originally posted by seanyshuffler seanyshuffler wrote:

Does anyone know the easiest way to convert nominal wages into real wages. Basically I want to take wages from a certain industry since 1988 and change them in lieu of inflation. Do I just divide nominal wages by the rate of inflation and then muliply by 100?

 
not sure if its wat your askin but if the rate of inflation is 4% just multiply the nominal by 1.04 ( likewise if it was 0.5% then multiply by 1.005)

have u got an inflation rate from '88 till now or do ye just have year on year rates ?


Just have the average wage figure. No inflation figures at all. The figures are off the CSO website so surely they're adjusted for inflation?
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Post Options Post Options   Thanks (1) Thanks(1)   Quote c90 Quote  Post ReplyReply Direct Link To This Post Posted: 15 Mar 2013 at 6:42pm
Originally posted by seanyshuffler seanyshuffler wrote:

Originally posted by c90 c90 wrote:

Originally posted by seanyshuffler seanyshuffler wrote:

Does anyone know the easiest way to convert nominal wages into real wages. Basically I want to take wages from a certain industry since 1988 and change them in lieu of inflation. Do I just divide nominal wages by the rate of inflation and then muliply by 100?

 
not sure if its wat your askin but if the rate of inflation is 4% just multiply the nominal by 1.04 ( likewise if it was 0.5% then multiply by 1.005)

have u got an inflation rate from '88 till now or do ye just have year on year rates ?


Just have the average wage figure. No inflation figures at all. The figures are off the CSO website so surely they're adjusted for inflation?
they would have to mention it somewhere in the figures if they were adjusted for inflation. O'wise id assume the were nominal for the given year
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Post Options Post Options   Thanks (0) Thanks(0)   Quote seanyshuffler Quote  Post ReplyReply Direct Link To This Post Posted: 15 Mar 2013 at 6:50pm
In 1988 the average wage stood at €372.06. Inflation in Feb 2013 stood at 1.10% So would that mean 1988 wages in todays value would be €409.27?
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Post Options Post Options   Thanks (1) Thanks(1)   Quote nvidic Quote  Post ReplyReply Direct Link To This Post Posted: 15 Mar 2013 at 6:59pm
use the capital gains tax table for inflation, although it cuts off at 2007 i think it is
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Post Options Post Options   Thanks (1) Thanks(1)   Quote c90 Quote  Post ReplyReply Direct Link To This Post Posted: 15 Mar 2013 at 7:04pm
Originally posted by seanyshuffler seanyshuffler wrote:

In 1988 the average wage stood at €372.06. Inflation in Feb 2013 stood at 1.10% So would that mean 1988 wages in todays value would be €409.27?
no (afaik) 
that inflation is year on year so just the inflation from last year to this year. to work out that '88 wage now you would have to multiple the nominal by the inflation for every since '88. so it'd look like (372.06 x 1.01 x 1.02 x 1.05 etc)


also for your calculation above, say if 372.06 was the wage last year and you wanted it terms of this year then it would be (372.06 x 1.001) 


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Post Options Post Options   Thanks (1) Thanks(1)   Quote c90 Quote  Post ReplyReply Direct Link To This Post Posted: 15 Mar 2013 at 7:31pm
Originally posted by seanyshuffler seanyshuffler wrote:

In 1988 the average wage stood at €372.06. Inflation in Feb 2013 stood at 1.10% So would that mean 1988 wages in todays value would be €409.27?
from the table below average annual inflation seems to be 2.5% from the years '88 to '13 so if assuming average wage in Feb '88 is €372.06 then that in todays money is €689.78 [ = (372.06) x (1.025)^25 ]

3 things to note, 
this is an eyeball guess on the average inflation as i cant zoom in or get the actual figure.
This is the CPI inlfation rate (consumer price index, theres another way to calculate inflation)
and finally i only moved into finance in september so i could be talkin through me hole Thumbs UpThumbs Up




Edited by c90 - 15 Mar 2013 at 7:33pm
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Post Options Post Options   Thanks (1) Thanks(1)   Quote BigStrongMan Quote  Post ReplyReply Direct Link To This Post Posted: 15 Mar 2013 at 8:44pm
Baldrick will know the answer
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Post Options Post Options   Thanks (0) Thanks(0)   Quote 9fingers Quote  Post ReplyReply Direct Link To This Post Posted: 15 Mar 2013 at 8:53pm
Originally posted by BigStrongMan BigStrongMan wrote:

Baldrick will know the answer

Obviously, but it will be interesting to see him take the moral high ground in a maths argument
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