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
To learn more about real income, please check: brainly.com/question/6616964
Answer:
Oct 1
DR Cash............................................................................$20,000
CR Common Stock.........................................................................$20,000
Oct 2. No entry required
Oct 3
DR Office Furniture .....................................................$2,300
CR Accounts Payable................................................................$2,300
Oct 6
DR Accounts Receivable.............................................$3,600
CR Service Revenue - Realty services...................................$3,600
Oct 27
DR Accounts Payable ..................................................$850
CR Cash .......................................................................................$850
Oct 30
DR Salaries Expense ....................................................$2,500
CR Cash ..........................................................................................$2,500
X=-3.5 is the answer if you are allowed to have negatives as your answer
Answer:
The legislature budget board and the governor are authorize to transfer money from one agency to other.
Explanation:
Given:
Money needs to be transferred from 1 agency to other when legislature is not in session:
Solution:
When Legislature is not in session, the legislature budget board and the governor are authorize to transfer the money from one agency to other during emergencies.
Answer:
depreciation expense 2021 = $6,200
depreciation expense 2022 = $6,700
Explanation:
depreciable value = $29,000 - $200 = $28,800
depreciation expense per mile driven = $28,800 / 144,000 = $0.20
number of miles driven during 2021 = 31,000
depreciation expense 2021 = 31,000 x $0.20 = $6,200
number of miles driven during 2020 = 33,500
depreciation expense 2022 = 33,500 x $0.20 = $6,700
