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Vinvika [58]
3 years ago
6

When shopping you notice that a pair of jeans costs $20 and that a tee-shirt costs $10. you compute the price of jeans relative

to tee-shirts. the dollar price of jeans and the relative price of jeans are both nominal variables. the dollar price of jeans and the relative price of jeans are both real variables. the dollar price of jeans is a nominal variable; the relative price of jeans is a real variable. the dollar price of jeans is a real variable; the relative price of jeans is a nominal variable?
Business
1 answer:
WARRIOR [948]3 years ago
5 0
So, the dollar price of the jeans is the nominal variable, and the relative price is the real variable.   The relative price of the jeans have been adjusted to inflation. The dollar price hasn't been adjusted for inflation, hence why it is the nominal variable (not adjusted for inflation).
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Research and collect information.

<u>The phases of the 3 x 3 process are:</u>

1. Pre-writing: think about your audience, anticipate the reaction to your message adapt the message to the audience

2. Drafting: <u>research and collect information,</u> organize it and write the first draft

3. Revising: Edit, proofread, and make sure it meets the goals that you developed in the pre-writing process.

6 0
3 years ago
Global Corporation had 58,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors
wolverine [178]

Answer:

Jul-01

Dr Retained Earnings $324,800

Cr Common stock dividend distributable $232,000

Cr Paid-in capital in excess of par value - Common stock 92,800

Explanation:

Preparation of the journal entry to record the dividend declaration is:

Jul-01

Dr Retained Earnings $324,800

(58,000 shares x 20% x $28)

Cr Common stock dividend distributable $232,000

(58,000 shares x 20% x $20)

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(58,000 shares x 20% x $8)

8 0
3 years ago
Kenyon Co. uses the perpetual inventory method. Kenyon purchased 400 units of inventory that cost $6.00 each. At a later date th
olga nikolaevna [1]

Answer:$5600

Explanation:

The FIFO inventory system is an inventory system where the inventory purchased first is the first to be sold.

If 800 units are sold, the inventory sold would be calculated as:

$6 × 400 = $2,400

$8 × 400 = $3200

=$5,600

4 0
3 years ago
Option 1
agasfer [191]

Answer:

option 2 sorry if wrong

6 0
3 years ago
Harriet is currently in pay grade 8, but she is hoping to get a promotion so she can move into
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The type of job evaluation that is done if Harriet is hoping to move from grade 8 to 10 is known as job ranking.

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All the jobs in the company are ranked based on their worth and the employees are placed on the grade based on their value.

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7 0
2 years ago
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