Answer:
Real income has increased by $720 in terms of dollar and 2% in percentage
Explanation:
<em>The real income is determined by adjusting the nominal income for inflation. The consumer price index (CPI) is used to measure the rate of inflation.</em>
R<em>eal income = Nominal income × CPI Base year/ CPI in current year</em>
Real Income = 32000 × 120/125
=$30,720
Change Real income
Change in real income ($) = 30,720 - 30,000
= $ 720
Change in real income (%) = (720/30,000) × 100
= 2%
Real income has increased by $720 in terms of dollar and 2% in percentage
Answer: Code of ethics
Explanation: Code of ethics refers to the set of principles that guides the professionals to conduct their activities in an ethical manner. A professional can use a code of ethics when ethical dilemma arises during his job.
It assists the organizations and its members to understand the difference between right and wrong, and helping them to make ethical decisions.
Hence from the above explanation we can conclude that the correct answer is code of ethics.
Answer:
Option A) To record revenues and expenses
Explanation:
The accounting accrual is an accounting method, it means that the company must record the revenues and expenses in the moment that the transactions occur and not when the payment is done.
By this method is always necessary to make adjustment entries to the accounting system if not it's impossible reflect all the transactions occured at this moment.
Answer:
producers, distributors, consumers, labor, resources, and capital
Explanation: hope this heps<3
Unpaid work and volunteer work
