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Julli [10]
3 years ago
7

Jennifer receives an increase in her nominal income. She complains that the current inflation rate of five percent erodes the re

al purchasing power of her additional nominal income. This is false:__________.a. if her wealth decreasesb. since inflation always reduces purchasing powerc. if the increase in her nominal income is more than five percentd. if the increase in her nominal income is less than five percent
Business
1 answer:
julia-pushkina [17]3 years ago
7 0

Answer:

Option C: if the increase in her nominal income is more than five percent.

It is true only if only if the increase in her nominal income is less than five percent.

Explanation:

An inflation is simply an increase (slight or Sharp) in the average price level of prices of goods and services of which the opposite is deflation.

INFLATION RATE is simply an annual percentage rate of increase in the average price level of commodities/services.

NOMINAL INCOME

Is defined simply as the amount of money received in a given period of time. It is usually measured in current dollars and does not change or simply as the numbers of dollars received as wages, rents, interests, or profits.

nominal incomes tend to rise with inflation

If inflation is higher than what was expected, creditors receive a lower real interest rate than they had anticipated and vice versa.

As the price level rises, the value of money decreases, so people must hold more money to purchase goods and services.

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Find the periodic payments PMT necessary to accumulate the given amount in an annuity account. (Assume end-of-period deposits an
ikadub [295]

Answer:

$ 226.04

Explanation:

Given:

Paying fund, FV = $ 30000

Interest rate, i = 2%

Time, t = 10 years

Now,

\textup{PMT}=\textup{FV}[\frac{i}{(1+i)^n-1}]

since, the payment is made monthly

thus,

n = 10 × 12 = 120 months

i = 2% / 12 = 0.02 / 12

on substituting the values in the above equation, we get

PMT={30000}[\frac{\frac{0.02}{12}}{(1+{\frac{0.02}{12}})^{120}-1}]

or

PMT = $ 226.04

3 0
3 years ago
Support functions manage and improve the efficiency of an organization's conversion processes so that more value is created.
HACTEHA [7]

Answer:

a) true

Explanation:

Support Function include Information Technology, Human Resources, Finance and Marketing. These are there to ensure that conversion process is efficient by providing support services such as sourcing of talent, fund management, communication.

3 0
3 years ago
The Constitution defines all of the following as limits of the government’s power to tax except that _____.
Arisa [49]
Constitution has something called Bill of Rights which are your rights. Also,  Supreme Court (Judicial branch) is there to interpret the laws. They can declare a law unconstitutional and all disputes between individual and government are settled in Supreme Court. 
4 0
3 years ago
Bramble Corp. has two divisions; Sporting Goods and Sports Gear. The sales mix is 65% for Sporting Goods and 35% for Sports Gear
Makovka662 [10]

Answer:

37%

Explanation:

The computation of the weighted average contribution margin ratio is shown below:

= Contribution margin ratio ×  weightage

= 30 × 65% + 50 × 35%

= 37%

We simply multiplied the contribution margin ratio with the weightage so that the  weighted-average contribution margin ratio could come and the same to be considered

6 0
3 years ago
Harlan Mining Co. has recently decided to go public and has hired you as an independent CPA. One statement that the enterprise i
cupoosta [38]

Answer:

The cash received from customers under the direct method is $8,256,000.

Explanation:

Given:

Beginning accounts receivable = Accounts receivable on 12/31/21 = $216,000

Ending accounts receivable = Accounts receivable on 12/31/22 = $360,000

Sales revenue = $8,400,000

Therefore, we have:

Cash received from customers = Beginning accounts receivable + Sales revenue - Ending accounts receivable = $216,000 + $8,400,000 - $360,000 = $8,256,000

Therefore, the cash received from customers under the direct method is $8,256,000.

5 0
3 years ago
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