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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.

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Taylor Company began manufacturing operations on January 2, 20X1. During 20X1 Taylor reported pre-tax book income of $150,000 an
aleksley [76]

Answer:

$11,300

Explanation:

The computation of the deferred tax asset is shown below:

= 21%(20X2 Expense) + 25%(20X3 and 20X4 Expense)

= 21%($30,000) + 25%($15,000) + 25%($5,000)

= $6,300 + $3,750 + $1,250

= $11,300

3 0
3 years ago
The unequal distribution of wealth, income, power, and poverty is called
OverLord2011 [107]

The answer to this question is social inequality. Social inequality is the unequal amount of opportunity and reward that is given to a person depending on their race, gender, age, or class. Social inequality can be categorized into 5 types such as political inequality, income inequality, life inequality, inequality of membership, and inequality of treatment.

5 0
3 years ago
Madison Foods Corp. is frustrated in its efforts to sell products in Europe because several countries are demanding that the com
mixer [17]

Answer: Trade obstacle

Explanation:

From the information given, we can infer that the demands are examples of trade obstacle.

Trade obstacles refers to the barriers which hinder a trade or the restrictions on an international trade. Trade obstacles can be tariffs or other non-tariff methods. Trade obstacles lead to difficulties in the sale of a product to other countries.

4 0
3 years ago
Consider the relative liquidity of the following assets:Assets1. A $5 bill2. The funds in a savings account3. A boat you own4. A
Irina-Kira [14]

Answer:

Boat is an asset.

Most liquid = $5 bill

Second most = Fund in saving account

Third most = Bond

least liquid = Boat

Liquidity means easily convertible into cash. $5 bill is the most liquid while asset cannot be easily and readily convertible into cash.

Explanation:

8 0
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Dmitry [639]
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