The same salary, with a percent growth due to cost-of-living adjustment compounded yearly, would be <u>$ 56755</u> in five years.
A salary is a money paid monthly by your employer, especially if you are in a profession such as education, law, or medicine. Lawyers were paid huge salaries. The government has decided to raise salaries for all civil servants. Synonyms: Wages, Income, Wages, Fees Synonyms for salary.
Wages are hourly or daily wages for work done on a working day. The main difference between salary and hourly wage is that salary is a fixed payment agreed upon by both employer and employee. Wages, on the other hand, depending on hours worked and performance.
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Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business' financial transactions.
<h3>What is financial transaction?</h3>
A financial transaction include details or business traction's between a buyer and a seller
It include communication, goods and services purchase or bought.
Therefore, Accounting is the system of analyzing, classifying, recording, summarizing, and interpreting a business' financial transactions.
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Answer:
a. a decrease in AD and an increase in AS; fall in the price level and the decrease in real GDP
Explanation:
During a recession, the aggregate demand is the first to decrease. As a result of lower demand, inventories will increase resulting in an increase in the aggregate supply. Recessions tend to decrease inflation, which results in lower price levels and an overall decrease in real GDP. Recessions will continue until the aggregate demand increases again, increasing the aggregate supply.
The annuity that represents the largest possible monthly payment to an individual annuitant is a Straight life annuity.
A straight life annuity is a type of retirement income product where the benefit is paid up until death but waives any kind of additional beneficiary payments.
Answer:
$1,375
Explanation:
The computation of the dealer's gross trading profit for this security is shown below:
= (Ask price of the bond - Bid price of the bond)× (number of bonds traded in that day)
= ($1003.25 - $1,000.50) × (500 bonds)
= $2.75 × 500 bonds
= $1,375
Basically we take the difference and then multiplied it by the number of bonds traded