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barxatty [35]
2 years ago
9

If your nominal wage rises from $10 to $12 while the CPI rises from 150 to 180 will your real wage increase, decrease, or stay t

he same?
A. Stay the same B. Decrease C.
Increase​
Business
2 answers:
dimaraw [331]2 years ago
4 0

Answer:

A. Stay the same

Explanation:

We need to compare the rate of price change and the rate of inflation.

Rate of price change =    <u> $12 - $10</u>   x 100

     $10

=2/10 x 100

=0.2 x 100

=20%

inflation rate= <u>CPI year 2​- CPI year</u> 1    x 100 %

                           CPI year 1​​

  =180 -150    x 100

   150

=30/150 x 100

=0.2 x 100

=20%

The price change are the inflation rate are the same.The real wages will stay the same

Dmitry [639]2 years ago
3 0
PLEASE HELP!!

Leonardo da Vinci took out a simple interest loan at 12.75% interest for 12 months. His
previous balance is $942.36. What is his final payment if the loan is paid off with the next
payment?
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If revenues are recognized only when a customer pays, what method of accounting is being used?Recognition basisAccrual-basisMatc
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Answer:

The correct answer here is Cash basis.

Explanation:

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All else constant, if butter and margarine are substitute goods, then as the price of butter rises,
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A) has to be the answer
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3 years ago
The account balances and income statement of Winfrey Towing Service on June 30, 2018, follow:
Alina [70]

Answer:

1. WINFREY TOWING SERVICE

Statement of Comprehensive Income

                                           $

Service revenue               10,800

Rent expense                    (550)

Salaries expense              (1,900)

Dividends paid                  <u>(4,000)</u>

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Statement of Retained Earnings

                                             $

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Add: Net income               4,350

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2. Statement of retained earnings report changes in retained earnings of a company in a given accounting year.

Explanation:

In this question, we need to obtain the net income of the company, which  is service revenue minus expenses minus dividend. Then, the statement of retained earnings is prepared by taking cognisance of the retained earnings brought forward and add the net income for the year.

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Answer:

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