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3 years ago

Why are the real income levels of Americans affected by rising prices?

1 answer:

4 0

"Real Wages" are wages that are adjusted for inflation and rising prices. As prices rise, people are able to buy less and less with their "nominal" (aka un-adjusted) wages.

One example is gas for your car. If you make $1000 a month and gas goes up from $2.50 to $3, your un-adjusted wages stay the same (you still make $1000) but you can't buy as much of other things because your "real" wages have effectively gone down due to the price increase of gas.

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Boeing has often cut its prices drastically to try to maintain its 60 percent of sales of commercial aircraft as it competes wit

bija089 [108]

A market share objective is the reason they encountered losses. Market share often pursues by companies when industry sales are relatively flat or declining. Although increased market share is a primary goal of some firms, others see it as a means to other ends: increasing sales and profits.

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3 years ago

ABC, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid $1,500 and

spin [16.1K]

Answer: Option (d) is correct.

Explanation:

Amount paid for candy = $1,500

Items received = 8,500 pieces of candy

Group 1 = 2,500 pieces

Selling price = $0.15 each

sale value = pieces sold × Selling price

= 2,500 × $0.15 each

= $375

Group 2 = 5,500 pieces

Selling price = $0.36 each

sale value = pieces sold × Selling price

= 5,500 × $0.36 each

= $1,980

Group 3 = 500 pieces

Selling price = $0.72 each

sale value = pieces sold × Selling price

= 500 × $0.72 each

= $360

Total sale value = $375 + $1,980 + $360

= $2,715

$Percentage\ of\ sale\ in\ Group\ 2=\frac{Sale\ value}{Total\ sale\ value}\times 100$

$Percentage\ of\ sale\ in\ Group\ 2=\frac{1,980}{2,715}\times 100$

= 72.92%

Proportion of cost for Group 2 = cost × Percentage of sale in Group 2

= $1,500 × 72.92%

= $1,093.8

$cost\ per\ unit= \frac{cost}{total\ units}$

$cost\ per\ unit= \frac{1,093.8}{5,500}$

= $0.1988

= $0.20(approx)

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3 years ago

The US economy is a command economy.<br> A. True<br> B. False

astra-53 [7]

Answer:

hmmmm i'd say true if not then false

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3 years ago

At December 31, 20X3, before recognizing any depreciation expense for 20X3, X Company has a machine with an original cost of $36

shutvik [7]

Answer:

If X Company uses the units of production method for calculating depreciation, depreciation expense in 20X3 will be (rounded):

$45000

Explanation:

Cost 360000

Accum. Depre 90000

Usefull life 7

Produce 1 20000

Produce 2 10000

Produce 3 50000

80000

Deprec=cost/unit

Depre=360000/80000

Depre= 4,5

Produce 2012 20000 4,5 90000

Produce 2013 10000 4,5 45000

Produce rest 50000 4,5 225000

80000 4,5 360000

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3 years ago

On May 31, the Cash account of Teasel had a normal balance of $5,900. During May, the account was debited for a total of $13,100

KengaRu [80]

5555555 explanation for what you wanna get you know how

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4 years ago