Suppose that a new employee starts working at $7.06 per hour, and receives a 3% raise each year. After time t, in years, his hourly wage is given by the function P(t)=$7.06(1.03)t. a) Find the amount of time after which he will be earning $10.00 per hour. b) Find the doubling time

2. using calculations based on a perpetual inventory system, determine the inventory balance altira would report in its august 31, 2021, balance sheet and the cost of goods sold it would report in its august 2021 income statement using the average cost method. (round "average cost per unit" to 2 decimal places.)