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Margaret [11]
3 years ago
15

Suppose your nominal income this year is 5 percent higher than last year. if the inflation rate for the period was 3 percent, th

en your real income was:
a. increased by 8 percent.
b. increased by 1.67 percent.
c. increased by 2 percent.
d. decreased by 0.6 percent. 1 points save answer
Business
1 answer:
Lisa [10]3 years ago
3 0
C. increased by 2 percent

5 - 3 = 2
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If a gain of $221000 is realized in the cash sale of a building having a book value of $882000, the total amount reported in the
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Answer:

$1,103,000

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

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The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

For assets disposed, the amount received from the disposal is the amount recorded as an investing activity.

Amount received  - Book value of asset = Gain on disposal

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Dakota Company had net sales (at retail) of $260,000.
disa [49]

Answer:

$35,860  

Explanation:

The computation of the ending inventory using the retail inventory method is shown below

Particulars                      Cost          Retail

Opening Inventory(A)   $63,800    $128,400

Purchases(B)                 $115,060    $196,800

Goods available

C=(A-B)                         $178,860     $325,200

Cost ratio

($178,860 ÷ $325,200 × 100) 55%  

Sales at retail (D)                            $260,000

End, Inventory at Retail                     $65,200

($325,200 - $260,000)

End, Inventory at Cost    $35,860  

($65,200 × 55%)

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mixas84 [53]
C sounds most correct.
please vote my answer branliest! Thanks.
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Absorption costing income would be ____ variable costing income. a. $150,000 less than b. $150,000 greater than c. $240,000 less
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Answer:

E. None of the above

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