The engineer's real income today in terms of constant 1950 dollars is $14,400.
<h3>What is the real income?</h3>
Real income ls nominal income less inflation rate. Inflation rate is when there is a persistent rise in the general price levels of a country.
Real income = nominal income - inflation
Inflation = (1 + 6.6) x $6000 = $45,600
Real income = $60,000 - $45,600 = $14,400
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Answer:
The correct answer to the following question is Pro forma financial statements.
Explanation:
A subsequent event can be defined as an event which takes place after the reporting period, but before the financial statements of a company are issued. And depending on what kind of event they are like additional information or new events, it will be decided whether these events should be disclosed in a company's financial statement or not.
If it is decided that the subsequent event should be disclosed in the company's financial statement then a pro forma financial statement would be made, in which nature and financial effect of the subsequent event should be disclosed.
Answer: Price, Product, Promotion and Place.
Explanation:
Answer:
Target cost per unit = $3.52
Explanation:
Given:
Projected sales = $300,000 or 75,000 units
Desired profit = $36,000
Find:
Target cost per unit
Computation:
Target cost per unit = [Projected sales - Desired profit] / Total units
Target cost per unit = [$300,000 - $36,000] / 75,000
Target cost per unit = $264,000 / 75,000
Target cost per unit = $3.52
The answer is B. Interest
