The engineer's real income today in terms of constant 1950 dollars is $14,400.
<h3>What is the real income?</h3>
Real income ls nominal income less inflation rate. Inflation rate is when there is a persistent rise in the general price levels of a country.
Real income = nominal income - inflation
Inflation = (1 + 6.6) x $6000 = $45,600
Real income = $60,000 - $45,600 = $14,400
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Answer:
1. $51,000
2.$11,000 Gain
Explanation:
(1) Calculation to determine At what amount will Calaveras value the pickup trucks
Using this formula
Trucks value =Fair value + Cash paid
Let plug in the formula
Trucks value=$45,000+$6,000
Trucks value=$51,000
Therefore Calaveras value the pickup trucks at $51,000
(2) Calculation to determine How much gain or loss will the company recognize on the exchange
Using this formula
Gain or loss on exchange =Fair value - Book value
Let plug in the formula
Gain or loss on exchange=$45,000-$34,000
Gain or loss on exchange=$11,000 Gain
Therefore the company will $11,000 GAIN recognize on the exchange
Answer:
nothin
Explanation:
They don't work hard enough
oh no
our table
it's broken!!!!!!
Answer:
D.$54,000
Explanation:
A flexible budget is a one which changes or adjusts with change in actual activity. The flexible amount is more reliable than the static amount. The static budget is one which is not adjusted with level of real activity. The machine hours are used as basis of adjustment for flexible budget. The amount of fixed overhead budgeted allocation cost is adjusted based on machine hours according to actual machine hours of 985 hours.
Answer:
The time value of money is used to determine the fair value of the transaction ( B )
Explanation:
If a contract involves a significant financing component the time value of money is used to determine the fair value of the transaction and this is because the time value of money states that the money at hand ( available money ) is worth more than the identical sum of money in the future due to the earning capacity of the money.
therefore a contract involving a significant financing component ( present monetary component ) would have its fair value determined by the time value of money
