Answer:
b. His real salary has fallen and his nominal salary has risen.
Explanation:
If the assistant manager's salary rose but he can't afford the goods he used to buy last year , it means that his nominal salary rose.
Nominal salary is the sum of real salary and inflation rate.
Real salary is nominal salary less inflation rate.
Real salary measures the purchasing power of salary.
If with the salary increase, the assistant manager could buy more goods compared to last year, both nominal and real salary increased.
I hope my answer helps you.
Answer:
Explanation:
Under the Uniform Securities Act, the agent should not take custody of the securities but should have the customer send the securities directly to the brokerage firm by registered mail or delivery service. The agent should never take custody of physical security assets since many unfortunate events can occur which may result in the loss of those assets. Therefore sending it by registered mail would be the safest and fastest option will still maintaining the responsibility of those assets to the owner.
Answer:
$27,911
Explanation:
Bellows Corp.
Bank reconciliation
As of April 30
Unadjusted book balance $28,750
Less:
Outstanding checks $900
NSF Checks $373
Add:
Interest earned $74
Error correction <u> $360
</u>
Adjusted book balance <u>$27,911</u>
Answer:
Trial balance for Yi Min
on the May 31, YY
Dr. Cr.
$ $
Cash 37,600
Office supplies 890
Prepaid insurance 4,600
Office equipment 12,900
Dividends 3,370
Rent expense 7,540
Accounts payable 12,900
Common stock 18,000
Engineering fees earned <u> </u> <u> 36,000</u>
<u>66,900</u> <u>66,900</u>
Answer:
c. reduction strategy
Explanation:
Based on the situation being described within the question it can be said that Wayth is using a reduction strategy. This is a strategy used by companies who are struggling with sales and may or may not be losing money. With this strategy they reduce costs in many aspects of the business in order to try to increase profits and survive. Which is what Wayth is doing by closing the most under-performing facilities and laying off unessential staff.
