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dangina [55]
3 years ago
6

In 2017 Sabrina earned an annual salary of $100,000 as an engineer. In 2018, her income rose to $105,000. The inflation rate in

2018 was 2%. How did Sabrina’s nominal income and real income change in 2018 compared to 2017?
answer choices
Nominal income increased and real income increased

no
Business
1 answer:
ivolga24 [154]3 years ago
3 0

Answer:

Both Sabrina's nominal and real income increased

Explanation:

Her nominal income during 2017 was $100,000 and it increased to $105,000 during 2018,  a $5,000 increase.

Sabrina's real income during 2017 was $100,000 (using 2017 as the base year), and her real income during 2018 was = $105,000 / 1.02 = $102,941. That means that her real income increased by $2,941

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Sally agrees to roof a house for Bob.After doing his research,Bob chooses Sally based on her great reputation for being conscien
lord [1]

Answer:

B) They are employees.

Explanation:

They work for Sally. Sally hired Truly, Glen and Fred and pays them an hourly wage, and provides the tools that they use to perform their work. She also supervises and directs their job. They are not independent contractors due to the direct relation that exists between them and the fact that they obey Sally's orders.

7 0
3 years ago
How to be a successful entrepreneur?
pishuonlain [190]

Answer:

Don’t take ‘no’ for an answer

Learn from the best

Stay hungry and ambitious

Never stand still; evolve with the times

Nurture long-term business relationships

Inspire those around you

Trust your gut instinct, not just your spreadsheet

Explanation:

It takes hard work and dedication and they are many free sources that is available today such as videos

7 0
2 years ago
Read 2 more answers
The authorized service center is located in Boston. Because Cookie Creations values serving its customers, it pays the shipping
Alex777 [14]

Answer:

$180

Explanation:

Calculation to determine Cookie Creations’ warranty liability for the shipping costs at December 31, 2020.

Using this formula

Warrant liability=Numbers of mixers sold × Percentage of mixers returned for repair or replacement ×The average cost to ship a mixer

Let plug in the formula

Warrant liability=30 x 10% x $60

Warrant liability=$180

Therefore Cookie Creations’ warranty liability for the shipping costs at December 31, 2020 will be $180

7 0
3 years ago
Joe sells the house he has lived in for 10 years to the Smith family for $300,000. He receives $50,000 more than his original pu
jasenka [17]

Answer:

$15,000

Explanation:

Joe has sold the house he has been living in for 10 years to the Smiths family

He sold the house at $300,000

Joe receives $50,000 more than the original price bargained 10 years ago

He pays the real estate agent a commission of 5%

= 5/100

= 0.05

Therefore the increase in gross domestic product can be calculated as follows

= $300,000×0.05

= $15,000

Hence, the transaction will increase the gross domestic product by $15,000

5 0
3 years ago
Which of the following statements best explains why the red bar goes up when the blue goes up?
vesna_86 [32]

<u>Answer: </u>Higher spending than taxing results in a deficit, which contributes to more debt.

<u>Explanation:</u>

Here the red bar is referred to the debt and the blue bar is referred to the spending. When the government spending is more it decreases the government revenue and creates a deficit in the funds. When there is deficit it means the government borrows funds for spending which increases the debts.

Government spending to improve the status of the economy in the country. It Invests is various activities for growth and development purpose. Only on collecting high taxes the revenue of the government will increase. When taxes collected are low the government revenue is also low.

8 0
3 years ago
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