if you earned $45,000 this year compared to $42,500 last year and inflation is at 2.5%, what

Fantastic news! We've Found the answer you've been seeking!

Question:

if you earned $45,000 this year compared to $42,500 last year and inflation is at 2.5%, what is your REAL income? (round to the nearest cent)

Related Book For answer-question

Accounting concepts and applications

ISBN: 978-0538745482

11th Edition

Authors: Albrecht Stice, Stice Swain

See More Books

Posted Date: Feb 10, 2024 12:05 AM

See More Questions

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...
ABC Company has the following mutually exclusive projects. If the company's payback period is 2 years, which of these projects should be chosen? Project A Year 0 -19,500 1 11,500 2 8,750 3 2,500...
The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-6. On December 12, Irene purchased the building where her store is located. She paid...
How might a shareholders agreement influence a companys financial report-ing objectives?
A spider hangs from a strand of silk whose radius is 4.0 10-6 m. The density of the silk is 1300 kg/m3. When the spider moves, waves travel along the strand of silk at a speed of 280 m/s. Ignore the...
In December 2024, Millie Matthews opened a miniature golf course to cater for the summer holiday tourists and completed the transactions below during its first month of operations. For the sake of...
What happens if the conducting rod in Figure P29.1 moves $(a)$ in either direction along the $z$ axis and $(b)$ in either direction along the $y$ axis? Data from Figure P29.1 B
Marc Company assembles products from a group of interconnecting parts. The company produces some of the parts and buys some from outside vendors. The vendor for Part X has just increased its price by...
1. Let p and q be two positive numbers such that p + q = 2 and p + q = 272. Then p and q are roots of the equation: (a) x-2x+8=0 2. lim x 0 (sint)dt (b) x-2x+136=0 (c) x-2x+16=0 (d) x-2x+2=0 0
make learning more interactive and fun for students, a math teacher decides to teach a concept to students by using Lego blocks. There are 2 rows of legos, rowA ( of length n ) and rows ( of length m...
Describe 2 cultural challenges that managers may encounter when expanding their operations internationally. . Discuss a solution for each challenge that supports successful cross-cultural management.
30) The fixed costs of operating the maintenance facility of General Hospital are $4,500,000 annually. Variable costs are incurred at the rate of $30 per maintenance-hour. The facility averages...
Prewriting Activities You have read about the writing process in an academic setting. You have also thought about the process itself and the stages of brainstorming, outlining and writing, editing...
EXPLAIN HOW A CONSUMPTION SUBSIDY LOOKS IN A GRAPH OF A SMALL COUNTRY AND A LARGE COUNTRY. Include the effects the subsidy has on world price, home price, export quantity, production surplus,...
1. Sketch indifference curves for each of the following consumers for a days worth of coffee and food, and describe why the indifference curves take the shape they do. Draw the indifference curves as...
Mortgage Loan with Blended, Equal Monthly Payments at Belair Ltd. On November 1, 2018, Belair Ltd. purchased land in Kamloops, B.C. for CAD 8,000,000. The land is being used to construct a new...
Compute Ao and No for the following cases: (a) A glow discharge, with n = 10" m, KT, = 2 ev. (b) The earth's ionosphere, with n = 10" m, KT, = 0.1 ev. (c) A O-pinch, with n 10 rn, KT, = 800 eV.
The May 2014 revenue and cost information for Houston Outfitters, Inc. follow: Sales Revenue (at standard).............. $ 540,000 Cost of Goods Sold (at standard) ..........341,000 Direct Materials...
You have just finished preparing the management accounting report below for your division. You are very pleased with the performance of your division and show the report to your division president,...
Management accounting and financial accounting provide different information for different purposes. Explain what this means and provide an example that illustrates the differences between management...
The following information is given for Greenbaum Tool Manufacturing Company: Required: 1. Determine the ABC allocation rate for each activity (i.e., each manufacturing overhead cost pool). 2....
Use subjective judgment to estimate the probability that the next time you ride an elevator, it gets stuck between floors.
Because it is impossible for Thanksgiving to fall on Tuesday, the probability of Thanksgiving falling on Tuesday is 0. For Exercises 510, decide whether the statement makes sense (or is clearly true)...
What do we mean when we say that the probability of getting 20 babies of the same gender when 20 random babies are born is 1/524,288? Is such an event unusual? Why or why not?

if you earned $45,000 this year compared to $42,500 last year and inflation is at 2.5%, what

Question:

Expert Answer:

To calculate your real income we need to first understand what inflation implies Inflation reflects ... View the full answer

Accounting concepts and applications

Students also viewed these finance questions