Answer:
A. less than 5 times as much as your grandfather in terms of real income.
Explanation:
Nominal income is earning that does not take account of changes in price levels. Nominal income is the stated income. Real income considers the changes in inflation. Therefore, real income is nominal income after considering inflation effects.
If grandfather earned $7000 per year in 1961, and myself $35,000 in 2018, mathematically i earned five times more than him. The five times ($35,000/$7,000) is the stated amount without factoring in inflation. The difference between $35,000 and $7000 is the nominal difference because it is not adjusted for inflation. In we consider inflation, the real income is less than five times.
Answer:
A) The price of a donut is $2.00 in 2012.B) Rina's wage is $14.00 per hour in 2012
Explanation:
Nominal value means face value or stated value.
Real value means nominal value adjusted for inflation. Real value of money can refer to the purchasing power of money. Rina's wage is 2 paperback novels per hour in 2012 is an example of real value.
I hope my answer helps you
Answer:
<em>B. vendor-managed inventory.
</em>
Explanation:
A simplified approach to inventory management and order fulfillment is the Vendor Managed Inventory (VMI).
VMI includes coordination between manufacturers and their customers (e.g. distributors, retailers, OEMs or end users of products) which transforms the conventional purchasing process.
VMI's <em>objective is to harmonize business goals for both suppliers and their customers and streamline supply chain operations.</em>
- Higher Sales.
- Best and Improved Service.
- Improved Inventory Turns
Answer:
He will not pay any depreciation during October.
Explanation:
Depreciation is charged only on building equipment and machinery. It is not accounted for land as land is an asset whose value does not depreciate over the years.
Depreciation for Building A would be zero for the month of october as depreciation is computed from the first of the month of acquisition to the first of the month of disposition.
The depreciation expense will be computed on 1st of November.
A steel manufacturer looking for a technician to oversee their melting process
Option A
<u>Explanation:
</u>
The basic method used for manufacturing silicon chips that are calculated by the transistor's size. Miniaturisation and process automation are at the core of integrated circuits architecture, and this constant target is smaller.
This means greater computational power per cubic inch, and smallness allows for the design of ultra-small chips almost everywhere in the world.
Steel technology has evolved nearer to steel oxygen manufacturing, as there is more chemical power added into the process. The quality of products made from liquid steel is also significant.
