Your friend is in the category of people considered to have HIGH INCOME.
Friend's salary is more than $1 million and he lives off a credit card. He has high income but net worth can't be determined.
        
             
        
        
        
Answer:
neither the number of pretzels nor the number of cookies bought by the typical consumer changes from year to year
Explanation:
a. the percentage change in the price of pretzels is equal to the percentage change in the price of cookies from year to year. b. the number of pretzels bought by the typical consumer is equal to the number of cookies bought by the typical consumer in each year. neither the number of pretzels nor the number of cookies bought by the typical consumer changes from year to year. d. neither the price of pretzels nor the price of cookies changes from year to year.
The consumer price index measures the changes in the price level of a basket of good. It is used to measure the rate of inflation.
Since the CPI measures changes in price level, it is assumed that quantities of goods purchased remains constant. 
I hope my answer helps you 
 
        
             
        
        
        
Answer:Annual fixed expenses = $ 539,000
Explanation:
Given;
break even point on books sold= $49,000
 sales price per unit = $39
variable cost= $28
Using the formulae,
Break-Even point (units) = Fixed Costs ÷ (Sales price per unit – Variable costs per unit) or in sales 
49,000   =Fixed cost / ( 39-28)
Fixed cost = 49,000  x 11
                = $ 539,000
Annual fixed expenses = $ 539,000
 
        
             
        
        
        
It is more important to use positive language in business messages because positive language sends a better appearance rather than sending a business message with negative language.
 
        
                    
             
        
        
        
Answer:
The required adjusting entry would be to debit the Interest <u>expense</u> account and <u>credit</u> the Interest<u> </u><u>payable</u> account.
Explanation:
The number of days that a loan debt stays unpaid is referred to as the outstanding number of days.
In line with the general accounting rules, all expenses must be debited. Therefore, the interest expense has to be debited.
Interest payable, however, is the amount owed to a lender by a firm and is thus credited as the matching journal entry to the interest expense.
Therefore, we have:
The required adjusting entry would be to debit the Interest <u>expense</u> account and <u>credit</u> the Interest<u> </u><u>payable</u> account.