Answer:
Option (B) decreases by 5 percent
Explanation:
When the nominal wage rate is $10 and the CPI is 200
The real wage rate
= [Nominal wage rate ÷ CPI in 2017 ] × 100
= [ $10 ÷ 210 ] × 100
= $4.76
Now,
The change in the real wage rate between 2016 and 2017
= [ ( 4.76 - $5.00 ) ÷ $5.00 ] × 100
= - 0.048 ≈ -0.05 or - 5 percent
here, negative sign means decrease
Hence,
Option (B) decreases by 5 percent
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Answer:
(Decrease, Increase)
Explanation:
When the government formulates and implements policies aimed at increasing equality, the society will experience a reduction in the level of efficiency. For example, an increase in income tax on wealthiest Americans, and redistribution of the tax revenue to the poorest Americans would may discourage the wealthy from taking more income-generating activities which create jobs, this is not optimal. At the same time, this policy would reduces the peoples’ incentive to work hard to earn their own money.
Answer and Explanation:
The journal entry is shown below:
Jen Rogers, Capital $35,000
To Jen Rogers, Withdrawals $35,000
(Being withdrawals entry is recorded)
Here the Jen Rogers, Capital is debited as it decreased the stockholder equity while the Jen Rogers, Withdrawals is credited as it also decreased the drawings account. Also, the capital contains normal credit balance while drawings contains normal debit balance
Answer:
The total number of equivalent units for materials during the period is $55,000
Explanation:
The computation of the total number of equivalent units for materials during the period is shown below:
= Completed and transferred out units + ending work in progress units
= 50,000 units + 5,000 units
= 55,000 units
We simply added the Completed and transferred out units and the ending work in progress units to compute the equivalent units for materials
