1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KIM [24]
3 years ago
12

The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this

distinction.
Rina spends all of her money on comic books and beignets. In 2011 she earned $14.00 per hour, the price of a comic book was $7.00, and the price of a beignet was $2.00.
Which of the following give the nominal value of a variable?
A) Rina's wage is 2 comic books per hour in 2011.
B) The price of a beignet is $2.00 in 2011.
C) Rina's wage is $14.00 per hour in 2011.
Business
1 answer:
valina [46]3 years ago
4 0

Answer: B) The price of a beignet is $2.00 in 2011.

C) Rina's wage is $14.00 per hour in 2011

Explanation:

A Nominal Value is an expression of a Variable in terms of it's monetary value in a various years.

When something is expressed by it's monetary value in a certain year therefore, this is the nominal value of the variable.

The price of a beignet in 2011 is therefore an example of a Nominal Value as it is the monetary value in 2011.

In the same vein, Rina's wage per hour in 2011 expressed in monetary terms of $14.00 is also a nominal value.

You might be interested in
I really need to graduate HIGHSCHOOL PLEASE HELP ASAP. In a Chapter 7 bankruptcy, a debtor: A. is required to draw up a petitio
Ivenika [448]
A. is required to draw up a petition listing all assets and liabilities.
6 0
3 years ago
Read 2 more answers
On October 31, Year 1, A company general ledger shows a checking account balance of $8,445. The company’s cash receipts for the
slamgirl [31]

Answer:

Balance as per cash book                                                     $ 8,445

Adjustments to be recorded in cash book

Less: Bank Service Fees                                                        $ (  310)

Add: Note receivable                                                             $ 6,600                                                              

Add: Interest earned                                                              <u>$  1,120</u>

Adjusted cash balance                                                       <u>$ 15,855</u>

Balance as per bank statement                                           $ 12,895

Add: Deposits in transit ( $ 74,640 - $ 71,375)                    $  3,265        

Less: Unpresented cheques ( $ 72515- 71270)                   $ (1,245)

Add: Correction of error                                                        <u>$    940</u>

Adjusted bank balance                                                        $ 15,855

Explanation:

For cash book, the adjustments that have to be recorded are the bank service fees, collection of notes and interest.

For bank statements, the adjustments that have to be recorded are the deposits in transits ( collections not deposited). unpresented cheques ( cheques issued but not presented) and the correction of the wrong entry.

3 0
3 years ago
Accruals recorded in the Salaries and Wages Expense and Salaries and Wages Payable columns of the balance sheet and income state
zhenek [66]

Answer:

Incurred but unpaid

Explanation:

When wages and salaries are incurred by an entity and paid, the entries required are debit Wages and Salaries expense, credit cash account. However, when the expense is incurred but cash is yet to be paid, this represents a liability to the organization and as such, an accrual is required. The entries to be posted are debit Wages and salaries expense (in the income statement), credit Accrued wages and salaries (in the balance sheet).

4 0
3 years ago
24. Armin is trying to decide whether to buy a season pass to his college basketball team’s 20 home games this season. The cost
aksik [14]

Answer:

13 Home games

Explanation:

A season pass cost for home games =$175

Individual ticket per game    =$14

For season pass to be less than  total home game tickets  

i.e $175 must be than ($14 X Homegames )  

i.e 175 = 14XHG

    HG=   175/14=12.5 Approx. 13 games

    Total cost of 13 games is ($13X14)=$182. {$175 is less that $182}

Ardim must attend 13 games.

8 0
3 years ago
Research shows that most managers have characteristics that fall into two or three decision-making styles, and that decision-mak
Alex787 [66]

Answer:

False

Explanation:

There are 3 main decision making styles that most of us have regarding our normal day to day activities that includes our work and our personal lives, e.g. families and individual decisions. They are consumer, business, and personal decision making styles.

But managers, and specially true leaders have it a little more complicated. The four main decision making styles that apply to leaders are:

  1. directive: type of autocratic leadership where the leader decides everything by himself/herself
  2. conceptual: look for different alternatives and analyze each one of them
  3. consultative: seek advice from colleagues and subordinates, but the leader makes the decision
  4. consensus: seek advice from others and decisions are made by the group

The second part of the question is true; this leadership styles vary across countries, occupations and job levels.

3 0
3 years ago
Other questions:
  • For lunch, Maria eats only salads or vegetarian burgers. Her weekly food budget is $36. Each salad costs $6 and each vegetarian
    14·1 answer
  • A company wishes to earn a pretax income equal to 35% of total fixed costs. its product sells for $50.75 per unit. total fixed c
    10·1 answer
  • Zach is very concerned about how others view him. he spends a great deal of time strategically choosing clothing and other produ
    11·1 answer
  • Researchers in the National park Service conducted a survey to to estimate what the national parks are worth to Americans. The s
    5·1 answer
  • If a company that is in a 35 % tax bracket invests in assets that increase its depreciation expense by $ 562 per year, its chang
    12·1 answer
  • Jeff jokingly offers to sell his farm to Ron for $100. Ron accepts, and demands the farm after giving Jeff his $100. What is Jef
    13·1 answer
  • Patrick is the CFO of Reed Inc. Patrick says that RI earned $13 million last year and maintains a 30% dividend payout ratio. The
    9·1 answer
  • How do i get my grade higher.60-80 and 70-80
    10·2 answers
  • You must complete parts 1, 2, 3, 4, 6, 7 and 8 before attempting to complete part 9. Part 5 is optional.
    9·1 answer
  • A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 5 percent. Thi
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!