Answer:
A person whose salary has increased is able to purchase fewer goods and services.
Explanation:
Inflation is characterized by an increase in the prices of goods and services along with a reduction in the purchasing power.
Real income of an individual refers to the income which has been adjusted for the effects of inflation. Whereas, Nominal income refers to the income which is before any such adjustment for inflation.
In the given case, the nominal income has increased i.e if we ignore inflation. But while considering inflation, the real income of the individual has reduced evidenced by the fact that the purchasing power has reduced.
Answer: C. separation of legal ownership and management control
Explanation: Public traded company can go on with their operation undisturbed when the founder dies, because there is separation of ownership from management of the company.
Public traded companies usually have a board which management report to, the board is the highest decision making body in the company.
<span>The answer is 516,250 by first calculating expenses (6,500,000-40,000-expenses=590,000), net income = revenue-expenses.</span>
Answer:
Cost of Good Sold Using Fifo $40,570
Ending inventory using Fifo $3,600
Ending inventory Using Specific Identification can not be calculated as the total sales (555) exceeds the available inventory (510)
Explanation:
Answer:
a. Common stock acquired by the company in the open market & recorded as negative equity
Explanation:
A stock which is buy back from the market at market rate issued by the company. It reduces the total outstanding shares of the company. It is the difference of Number of share issued and Number of share outstanding. Its account is consider as contra equity account. So the correct option is a. Common stock acquired by the company in the open market & recorded as negative equity.