Answer:
A. less than 5 times as much as your grandfather in terms of real income.
Explanation:
Nominal income is earning that does not take account of changes in price levels. Nominal income is the stated income. Real income considers the changes in inflation. Therefore, real income is nominal income after considering inflation effects.
If grandfather earned $7000 per year in 1961, and myself $35,000 in 2018, mathematically i earned five times more than him. The five times ($35,000/$7,000) is the stated amount without factoring in inflation. The difference between $35,000 and $7000 is the nominal difference because it is not adjusted for inflation. In we consider inflation, the real income is less than five times.
P&G's Purpose Statement is as follows
We will provide branded products and services of superior quality and value that improve the lives of the world’s consumers, now and for generations to come. As a result, consumers will reward us with leadership sales, profit and value creation, allowing our people, our shareholders and the communities in which we live and work to prosper.
Stakeholders:
- consumers
- employees
- shareholders
- communities
Answer:
Present value of Liability is $59,989
Explanation:
Money does not have the same value in future as it has today. The present value calculates the today's value of any that cash flow will be made in future.
Liability = FV = $398,930
Number of years = n = 28 years
Discount rate = r = 7%
Present value = FV / ( 1 + r )^n
Present value = $398,930 / ( 1 + 0.07 )^28
Present value = $398,930 / 6.65
Present value = $59,989.47
Usually, it's over a monthly period.
Everybody's Credit is different, because people have different Credit Scores
Hope this helps!!
The answer would be a. Have the ability to exercise significant influence over the operating and financial policies of the investee
