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3 years ago

Identify sources of information and advice about methods and services for managing personal finances

1 answer:

3 0

Budgeting is the key to manage personal finances. In order to realize budgeting one must be able to determine the importance of savings and manage expenses properly. Proper projection of expenses and savings should also been taken in order to maximize proper budget managing.

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If your nominal wage rises from $10 to $12 while the CPI rises from 150 to 180 will your real wage increase, decrease, or stay t

dimaraw [331]

Answer:

A. Stay the same

Explanation:

We need to compare the rate of price change and the rate of inflation.

Rate of price change = <u> $12 - $10</u> x 100

$10

=2/10 x 100

=0.2 x 100

=20%

inflation rate= <u>CPI year 2- CPI year</u> 1 x 100 %

CPI year 1

=180 -150 x 100

150

=30/150 x 100

=0.2 x 100

=20%

The price change are the inflation rate are the same.The real wages will stay the same

4 0

3 years ago

Read 2 more answers

If the annual real rate of interest is 5% and the expected inflation rate is 4%, the nominal rate of interest would be approxima

serg [7]

If the annual real rate of interest is 5% and the expected inflation rate is 4%, the nominal rate of interest would be approximately 9% (5% + 4% = 9%).

What is real rate of interest?

An interest rate that has been prorated for inflation is referred to as a "real interest rate." The nominal interest rate is subtracted from the inflation rate to arrive at the real interest rate. The real interest rate is equal to the nominal interest rate less the inflation rate, to put it mathematically.

What is the inflation rate definition?

The rate of price growth over an extended period of time is known as inflation. The cost of living in a nation has increased, or prices have generally increased. These are examples of broad measures of inflation.

Learn more about real interest rate and nominal interest rat: brainly.com/question/13324776

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4 0

2 years ago

1. Stock Values. Integrated Potato Chips paid a $2 per share dividend yesterday. You expect the dividend to grow steadily at a r

Blizzard [7]

Hmmmmmmmmm I have no idea this is a tough question

5 0

3 years ago

Which of the following statements about credit sales are true? (You may select more than one answer. Single click the box with t

podryga [215]

Answer:

The correct statements about credit sales are:

Accounts receivable arise from credit sales

Accounts receivable should be reported at net realizable value.

Revenue is reported when the company fulfills its promise to transfer control of a good or service to a customer

5 0

4 years ago

On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $1

UkoKoshka [18]

Answer:

a. Depreciation expense per hour:

= (Cost - salvage value) / Expected operating hours

= (228,000 - 16,000) / 26,500

= $8 per hour

b. First year depreciation: Second year depreciation:

= 1,250 * 8 = 2,755 * 8

= $10,000 = $22,040

Third year depreciation:

= 1,225 * 8

= $9,800

Journal entries

Date Account Title Debit Credit

June 30, Year 1 Depreciation $10,000

Accumulated Depreciation $10,000

Date Account Title Debit Credit

June 30, Year 2 Depreciation $22,040

Accumulated Depreciation $22,040

Date Account Title Debit Credit

June 30, Year 3 Depreciation $9,800

Accumulated Depreciation $9,800

4 0

3 years ago