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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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Suppose that the U.S. government decides to charge wine consumers a tax. Before the tax, 25 million bottles of wine were sold ev
Solnce55 [7]

Answer:

Explanation:

From the question, we are informed that before the tax, 25 million wine bottles were sold at price of $6 per bottle and that after the tax, 20 million bottles of wine are sold every month and the consumers pay $8 per bottle which include the tax and producers receive $5 per bottle.

The amount of tax on wine will be the difference between the price consumers pay after the tax and the price producers receive. This will be:

= $8 - $5

= $3 per bottle

The tax burden that falls on the consumers will be difference between price paid after tax and the price which is paid before the tax.

= $8 - $6

= $2 per bottle

The tax burden on the producers will be difference between price received before the tax and price received after the tax.

= $6 - $5

= $1 per bottle

5 0
3 years ago
David and his best friend are in a car accident with another vehicle and it is david's fault. david and his friend are both inju
likoan [24]
It depends on what cover he have even full cover or lie ability insurance
3 0
3 years ago
Witch of the fallowing is a duty of a personal finance manager? A) selling property insurance B) filling tax returns C) tracking
EleoNora [17]

Answer:

C) tracking clients investment

Explanation:

Person finance involves the management of an individual's or a family's financial aspects, such as budgets, taxation, savings, and investments.  A personal finance manager evaluates the financial need of an individual or a family . He or she assist in making decisions that lead to the attainment of short-term and long-term financial goals.

A personal finance manager plays several roles in helping their clients achieve their objectives, some of them include

  1. Develop realistic financial goals with the clients.
  2. Make plans on how the client will achieve his or her goals
  3. Recommending and undertaking investments on behalf of the clients.
  4. Assist clients in making specific provision for anticipated expenses such as education and retirement.
  5. Monitor investments on behalf of the client.

4 0
3 years ago
The fiscal 2016 financial statements of Nike Inc. shows net operating profit margin (NOPM) of 11.4%, net operating asset turnove
Solnce55 [7]

Answer:

-13.562%

Explanation:

Data provided in the question:

Net operating profit margin (NOPM) = 11.4%

Net operating asset turnover (NOAT) = 3.83

Return on equity = 30.1%

Adjusted return on assets = 17.1%

Now,

Return on equity = Nonoperating Return + Return in net operating assets

or

Nonoperating Return = Return on equity - Return in net operating assets

Also,

Return in net operating assets = NOAT × NOPM

or

= 3.83 × 11.4%

= 43.66%

therefore,

Nonoperating Return = 30.1% - 43.66%

= 30.1% - 43.662%

= -13.562%

5 0
2 years ago
NEED HELP ASAP, WILL GIVE BRAINLIEST
AlekseyPX
The answer is Choice B
7 0
2 years ago
Read 2 more answers
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