Business, 16.03.2020 16:18, skoroneos551

Your grandfather tells you that he earned $7,000/year in his first job in 1961. You earn $35,000/year in your first job in 2018. You know that average prices have risen steadily since 1961. You earn A. less than 5 times as much as your grandfather in terms of real income. B. more than 5 times as much as your grandfather in terms of real income. C. less than 5 times as much as your grandfather in terms of nominal income. D. 5 times as much as your grandfather in terms of real income.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:20, derpmuffin47

On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is:

Answers: 3

continue

Business, 21.06.2019 22:40, Maddy1212

The vaska company buys a patent on january 1, year one, and agrees to pay $100,000 per year for the next five years. the first payment is made immediately, and the payments are made on each january 1 thereafter. if a reasonable annual interest rate is 8 percent, what is the recorded value of the patent? 1. $378,4252. $431,2133. $468,9504. $500,000

Answers: 3

continue

Business, 21.06.2019 22:40, JusSomeRandomGuy

Which economic indicators are used to measure the global economy? check all that apply. a. purchasing power parity b. trade volumes c. spending power parity d. labor market data e. gross domestic product f. trade deficits and surpluses

Answers: 3

continue

Business, 22.06.2019 21:10, cece3467

Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is:

Answers: 3

continue

Do you know the correct answer?

Your grandfather tells you that he earned $7,000/year in his first job in 1961. You earn $35,000/yea...