1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Radda [10]
2 years ago
6

Your friend currently works as an accountant at a public accounting firm in the small town of Beaver Falls, Pennsylvania. He is

offered a job in San Francisco for $60,000. Your friend calls you and tells you that he is excited about the new job offer, which gives him a raise from his current salary of $50,000. Based on your knowledge of economics, you think that
Business
1 answer:
Papessa [141]2 years ago
5 0

Answer:

A. your friend most likely should not be quite so excited because the extremely high cost of living in New York City means his real salary increase will be less than he imagined.

Explanation:

Here are the options to this question :

A. your friend most likely should not be quite so excited because the extremely high cost of living in New York City means his real salary increase will be less than he imagined.

B. your friend has no reason to be excited because higher pay implies more job responsibilities and more working hours.

C. your friend has every reason to be excited because he will be getting paid 120% of what he used to be paid.

D. your friend has reason to be excited because in a bigger city he will have more things to do and his higher salary will allow him to spend on those activities.

Cost of living in a big town is higher than living in a small town. Even though the nominal income of my friend has increased, the real income might not have increased due to the high cost of living in a big city.

Nominal income is the money income being earned. My friend's nominal income would increase from $50,000 to $60,000 if he takes the new job.

Real income is the purchasing power of income

You might be interested in
Which of the following statements is FALSE?
soldi70 [24.7K]

Answer: The following statements is false: <u><em>Mutual aid and assistance arrangements and Memorandums of Understanding (MOUs) cannot be used for supplementing incident staff.</em></u>

The above statement is wrong since mutual aid, assistance arrangements and memorandums of understanding can be used for supplementing incident staff.

<u><em>Therefore, the correct option is (c).</em></u>

8 0
3 years ago
A vacant lot acquired for $115,000 is sold for $298,000 in cash. What is the effect of the sale on the total amount of the
Artemon [7]

Answer:

+$183,000

$0

+$183,000

Explanation:

Total assets increased by ($298,000 - $115,000) $183,000.

Total liabilities has no change

Total shareholder equity increased by ($298,000 - $115,000) $183,000.

4 0
3 years ago
Devin Company has the following data for their budget and actual performance. Actual Master budget Master Budget Variance Sales
snow_tiger [21]

Answer:

The operating income master budget variance 6687      Unfav

Explanation:

Devin Company

Actual Vs. Budget Performance Report

For the year

                              Actual          Master       Master Budget  

                          Performance   budget         Variance

Sales                   150,298         155,842            5544    Unfavorable

Variable Costs     65,548          63,937             1611      Unfav

Fixed Costs         12,007           12,475              468       Fav

Operating Income 72743          79430             6687      Unfav

 

The operating income master budget variance is unfavorable because actual operating income is less than the budget operating income .

When the actual sales revenue is less than the budgeted revenues the variance is unfavorable.

When the actual costs are more than the budgeted costs the variance is unfavorable, and favorable when the actual costs are less than the budgeted costs.

6 0
3 years ago
The list price on Boyton's catalog indicated that product A sells for $3,000, with a trade discount of 5%. Boyton sells the good
Alexeev081 [22]

Answer:

B) $2,850

Explanation:

1: Find the discount: $3,000*5% = $150

2: Subtract the discount: $3,000 - $150 = $2,850

4 0
3 years ago
Survey data can be collected with questionnaries. Which type of question has a limited number of preselected responses?
Stella [2.4K]
No question has a limited number of questions
if this is wrong I apologize
6 0
3 years ago
Other questions:
  • Will choose brainliest!!
    14·1 answer
  • A property is purchased for $110,000. The lender provides a loan for $85,000. He offers a very attractive interest rate of 3% wi
    7·1 answer
  • you have an insurance policy with a $300 premium and a $500 deductible how much money should you expect to pay the insurance com
    11·2 answers
  • When Alfred Weber published his book Theory of the Location of Industries (1909), what did he select as the critical determinant
    10·1 answer
  • An automobile factory in Michigan uses $100,000 worth of parts purchased from foreign countries along with U.S. inputs to produc
    8·1 answer
  • Knowing what makes your product unique is part of which marketing function?
    9·1 answer
  • You have a credit card account with a previous balance of $635. You added two additional purchases for $75 and $50 during this b
    14·2 answers
  • Which situation is an ethical dilemma?
    7·2 answers
  • Theo quan điểm hiện đại khi tiếp cận chi phí chất lượng, chi phí chất lượng thấp nhất là khi
    15·1 answer
  • When using the marketing strategy planning process, what part of the process should be implemented last?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!