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sergeinik [125]
3 years ago
12

The classical dichotomy is the separation of real and nominal variables. The following questions test your understanding of this

distinction.
Rina spends all of her money on paperback novels and donuts. In 2009 she earned $14.00 per hour, the price of a paperback novel was $7.00, and the price of a donut was $2.00.

1: Which of the following give the nominal value of a variable? Check all that apply.
A) The price of a donut is $2.00 in 2009.
B) Rina's wage is $14.00 per hour in 2009.
C) Rina's wage is 2 paperback novels per hour in 2009.
Business
1 answer:
mylen [45]3 years ago
7 0

Answer:

A) The price of a donut is $2.00 in 2009.

B) Rina's wage is $14.00 per hour in 2009.

Explanation:

The nominal value of a variable is its monetary amount, in this case, in dollars which is susceptible to currency fluctuations and inflation. Therefore, statements A and B present the nominal value of a variable.

When valuing a variable as an exchange for another good, that is assigning a real value to that variable since monetary changes won't affect the relationship between two goods.

The answers are A) and B)

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8.Kline and Salomon form the KS Partnership as 50/50 partners. Kline contributes equipment that has a fair market value of $60,0
mojhsa [17]

Answer: $40,000

Explanation:

Kline brings in equipment that is worth $60,000 but has a basis of $45,000.

The equipment however is subject to a loan of $10,000.

This loan will have to be deducted from the basis. The partnership however is assuming the loan and Kline is only 50% liable in the partnership so Kline's basis will only be affected by half of the loan.

Basis = 45,000 - 5,000

= $40,000

5 0
3 years ago
Effective collaboration requires a proactive and holistic strategy that integrates business goals and technology potential. T/F
Whitepunk [10]

Answer:

True

Explanation:

Collaboration in organizations requires a strategy capable of using all the resources availables to reach the goals provided by the strategic planning. In a globalized world these goals need to be manage with speed and effciency, here is were the technology displays all the real potential of organizations.

4 0
3 years ago
19. An investor has purchased a property that is giving him a 10% rate of return. Potential gross rents total $10,000.00 a month
gogolik [260]

Answer:

the market value of the property is $628,300

Explanation:

The computation of the market value of the property is shown below;

Gross rent $10,000 × 12= $120,000

Now

= $120,000 ×  .92 (occupancy rate)

= $110,400

After that

= $110,400 - $47,570

= $62,830

And ,finally the market value of the property is

= $62,830 ÷ 0.10  

= $628,300

hence, the market value of the property is $628,300

4 0
3 years ago
Approximately how many free Americans remained loyal to the British during the war? a. 20 to 25 percent. b. 10 to 15 percent. c.
jekas [21]

Answer:

The Correct Option is A: 20 to 25 percent.

Explanation:

In a report by an American historian, it was stated that about 450,000 Americans did not stop being loyal to the British during the revolutionary period. This population represents about 20 percent of Americans having European Origin, or approximately 16 percent of the entire population.

6 0
3 years ago
Read 2 more answers
Consider the Northern California territory of Nova generates a sales revenue of $320,000 with four salespeople. The territory ac
antoniya [11.8K]

Answer: e)5% and $80,000

Explanation:

$320,000 was generated by the salespeople in this territory.

This territory comprises 10% of a $64 million market.

Territory comprises of = 10% * 64,000,000 = $6,400,000

Their market share is therefore;

= \frac{320,000}{6,400,000} * 100%

= 5%

Four people made sales of $320,000.

Their productivity = \frac{320,000}{4}

= $80,000

8 0
3 years ago
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