Answer:
Option (b) is correct.
Explanation:
The real wages refers to the wages that are adjusted for the inflation in an economy. If there is an increase in the wage level of the workers then as a result there is an increase in the nominal wages but this will not necessarily increase the real wages. If the rate of change in the wages of the workers is same as the rate of change in the inflation in an economy then there will be no change in the real wages.
Answer:
The correct option is (b)
Explanation:
Under net approach of recording discount, accounts receivable is debited by the amount less discount offered for making early payment. If payment is not received within the discount period, then discount amount is credited as 'sales discount forfeited' and recorded as income in profit and loss account.
Net approach is theoretically correct as it reflects true assets, in this case accounts receivables, in the balance sheet. It means that amounts debited or credited reflects historical cost principle.
Answer:
Policy loans are permitted on an interest-free basis.
Explanation:
The universal life insurance policy refers to a policy in which there is a component of an investment saving also it involves less premium that the person has to pay a low premium amount for continuing the policy. It could benefit the beneficiary after the death of the insured person
So according to the given situation ,for option B there is no flexibility available as no policy loans could be permitted without an interest
Answer:
$800
Explanation:
The computation of the saving amount on tax is shown below:
Provided information
Amount is given to the building fund by Judy Hays = $3,200
Marginal tax rate = 25%
By considering the above information, the saving amount on tax would be
= Amount given to the building fund by Judy Hays × Marginal tax rate
= $3,200 × 25%
= $800
We simply multiplied the building fund amount by the marginal ax rate so that the exact value can arrive