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4 years ago

Nelly's grandparents are on a fixed income. Which of the following is true?

Business

2 answers:

elena-s [515]4 years ago

5 0

Answer:

Inflation causes their purchasing power to go down.

Explanation:

Inflation refers to the increase of the prices of products and services in the economy in a specific period. When the prices increase, the purchasing power people have decreases which means that they can buy less products and services. So, as Nelly's grandparents have a fixed income which means that the amount doesn't change, inflation which reflects the rise of the prices causes their purchasing power to go down as they are not able to buy the same quantity of products.

Vikentia [17]4 years ago

3 0

With Nelly's grandparents being on a fixed income, inflation will cause their purchasing power to go down. Since inflation causes prices to raise, they will not be able to purchases things like before. The correct answer is C.

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Principles of Investment

Scrat [10]

Answer:

demand for investments

Explanation:

7 0

2 years ago

Wilbur decides to sell his collection of rare stamps through an online auction site. When he is filling out the information abou

jasenka [17]

Answer:

Wilbur cannot rescind the contract based on his unilateral mistake.

Explanation:

Lets suppose that I made an offer of $1000 which you accepted to buy my car on a phone call for $1000 and later in the same day a person offered me more money for the same car and I sold the car to him. You went to court and I said that I mistakenly made an offer of $1000 which means that every person who revoke the clauses will make lame excuses in the court. If this act is permitted then the law gives the people free hand whatever they desire to do with the contract. So for this reason this act was considered unethical and the court said that the mistakes that are unilateral are not be rescind.

5 0

3 years ago

Susie Smith signed a note agreeing to pay "Annie Greene, Mary Hodge" $1,000. The payment was for painting her house. An issue wi

kogti [31]

Incomplete question. The options read;

Mary is correct, but only because Annie signed the note "Green" instead of "Greene" as indicated on the note.
Mary is correct.
Mary is incorrect.
Mary is correct, but only because two payees are listed.
Mary is incorrect unless she can prove that Susie intentionally and purposefully spelled the name wrong to prevent negotiation.

Answer:

<u>Mary is incorrect.</u>

Explanation:

Indeed, since this just a case of name misspelling, the law in no clear terms states that such an endorsement would be counted as been illegal.

Remember, Mary acknowledges that the amount paid by Susie Smith was meant for both of them (Annie Green and Mary Hodge), hence there should be no question of illegality since funds were meant to be shared. In other words, this minor error can be overlooked.

3 0

3 years ago

Barkley Company sells two products, red cups and black mugs. Barkley predicts that it will sell 2 comma 100 red cups and 700 bl

faltersainse [42]

Answer:

$2.73

Explanation:

Contribution margin:

Red = Unit Contribution margin × Sales Mix

= $ 2.90 × 2,100

= $6,090

Black = Unit Contribution margin × Sales Mix

= $ 3.00 × 700

= $2,100

Total contribution margin = Red + Black

= $6,090 + $2,100

= $8,190

Total sales mix = 2,100 + 700

= 3,000

Weighted CM:

= Total Contribution Margin ÷ Sales Mix

= $8,190 ÷ 3,000

= $2.73

8 0

3 years ago

Prepare an income statement for Hansen Realty for the year ended December 31, 2017. Beginning inventory was $1,251. Ending inven

katovenus [111]

Answer:

HANSEL REALTY

Income Statement

For Year Ended December 31, 2017

Sales_____________________ 35200

Sales return and allowances__ 1095

Sales discount______________ 1155

Net Sales__________________32950

Cost of sales________________10267

Gross Margin______________ 24933

Operating Expenses

Salary expense_____________ 5350

Insurance expense__________ 2750

Plumbing expense__________ 253

Total expenses_____________ 8353

EBITDA____________________16580

Othee expenses

Depreciation_______________ 118

Rent expense______________ 213

total other expenses_________ 331

Net income_________________16249

Explanation:

Cost of sales

Begining Inventory__________ 1251

+Purchases________________ 10662

-Purchases discount_________ 43

-Ending Inventory___________ 1603

Cost of sales________________10267

Sales_____________________ 35200

Sales return and allowances__ 1095

Sales discount______________ 1155

Net Sales__________________32950

Cost of sales________________10267

Gross Margin______________ 24933

Operating Expenses

Salary expense_____________ 5350

Insurance expense__________ 2750

Plumbing expense__________ 253

Total expenses_____________ 8353

EBITDA____________________16580

Othee expenses

Depreciation_______________ 118

Rent expense______________ 213

total other expenses_________ 331

Net income_________________16249

3 0

3 years ago