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noname [10]
3 years ago
12

An assistant manager at a restaurant gets a $100 a month raise. He figures that with his new monthly salary he cannot buy as man

y goods and services as he could buy last year. a. His real salary has risen and his nominal salary has fallen. b. His real salary has fallen and his nominal salary has risen. c. His real and nominal salary have fallen. d. His real and nominal salary have risen.
Business
1 answer:
Inessa05 [86]3 years ago
4 0

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.

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In United States v. Butler, the Supreme Court overturned the Agricultural Adjustment Administration (AAA) because
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Answer:

The correct answer is the tax on food processors was unconstitutional.

Explanation:

On January 6, 1936, the Supreme Court decided in the United States v. Butler, that the act was unconstitutional for the collection of this tax on processors only so that it will be returned to the farmers. The regulation of agriculture was considered a state power. As such, the federal government could not force states to adopt the Agricultural Adjustment Act due to lack of jurisdiction. However, the Agrarian Law of 1938 remedied these technical problems and the agricultural program continued.

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3 years ago
Under U.S. GAAP, if the carrying value of a fixed asset was $50,000, the undiscounted expected future cash flows was $55,000, th
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Answer:

$0

Explanation:

According to US GAAP the reduction in the value of the asset due to a decrease in the fair value. It means when fair value of the asset is reduced than the book value of the asset.

Amortized Cost / Book value = $50,000

Market Value = $53,000

Discounted Value = $51,000

There is no Impairment loss on this asset as the fair market value is more than the book value of the asset.

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3 years ago
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Eleanor takes several high-cost prescription drugs. She would like to enroll in a standalone Part D prescription drug plan that
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Extra pairs of shoes and music downloads are examples of
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These are examples of <u><em>WANTS!</em></u>

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Del is buying a $250,000 home. He has been approved for a 5.75% mortgage. He was required to make a 15% down payment and will be
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Answer:

Del is expected to prepaid to pay $535.62 in prepaid interest at the closing.

Explanation:

The down payment of 15% is $250000*15%=$37500

The balance of mortgage net of down payment=$250000-$37500

                                                                               =$212500

Interest yearly=$212500*5.75%=$12,218.75

A year interest divided by 365days give one day interest.

A day interest=$12218.75/365=$33.48

Total interest  to pay at closing=16days*$33.48

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The number of days was 16 because July has 31days and deal was closed on 15th,hence 31 minus 15 gives 16.

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3 years ago
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