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Ivenika [448]
2 years ago
12

In 2017 Sabrina earned an annual salary of $100,000 as an engineer. In 2018, her income rose to $105,000. The inflation rate in

2018 was 2%. How did Sabrina’s nominal income and real income change in 2018 compared to 2017?
Business
1 answer:
blagie [28]2 years ago
3 0

Answer:

Change in Nominal income = 5%

Change in real income = 2.9 %

Explanation:

<em>Real income </em><em>is the amount of basket of goods and services that can be actually purchased . It is the nominal income adjusted for inflation.</em>

<em>Real income = (CPi in base base year/ CPI current year) × Nominal income </em>

Real income for Sabrina

= (100/102) × 105,000

= 102,941.1765

<em>Change in real income</em> = (102,941.1765 -100,000)/100,000

= 2.9 %

<em>Change in Nominal income</em> = (105,000-100,000)/100,000

= 5%

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Gillette now markets its Body line of razors, blades, and shaving gels for "manscaping," the art of shaving body hair in areas b
Varvara68 [4.7K]

The correct answer for the question is option"b", changing the value offered to the customers.

Explanation:

Gillete's strategy is to increase the utility of the product to the customers by making it usable for a variety of purposes. By making the products "manscaped" the products can be used for removing the hair below the neck line. Thus, the company is trying to offer better value to the customers. the value addition is in the form of improved utility for a variety of purposes. Customers will gain better value for the price they are paying for the product.

7 0
2 years ago
On the island of Mabera, the local money is called "favoli." The price of every good in Mabera is expressed as the number of fav
tatuchka [14]

<u>Answer:</u>

The correct option is Unit of account

<u>Explanation:</u>

One of the functions of money is Unit of accounts in economics. The worth of an object is measured in a distinct currency. One of the downfalls of unit of account is that it is regarded as the steady unit of account but inflation factor devastate the said assumption that money is steady. It is regarded as the basic property of the money.

Thus, the correct option will be Unit Of Account.

7 0
2 years ago
Read 2 more answers
What can organizations do to institutionalize organizational learning? What practices and policies would aid in knowledge acquis
elena-s [515]

Answer:

There are many things that a company can do to institutionalise learning and knowledge. Some of them doesn't even cost much and take a lot of time to be implemented.

Empowerment of individual employees. Giving them more autonomy in the job and the capacity to work freely with the peers.

Making teams rather than working individually. Team spirit is essential in the learning process and to promote sharing.

Conducting internal development and training programs on a regular basis.

Using social media platforms to connect the employees so that they are able to share their knowledge, expertise on a real-time basis.

Reducing the power gap between the employees and their superiors.

Explanation:

8 0
2 years ago
Wallace Company provides the following data for next year: Month Budgeted Sales January $120,000 February 108,000 March 132,000
IRISSAK [1]

Answer:

$69,840

Explanation:

Data provided;

Month        Budgeted Sales

January      $120,000

February    $108,000

March         $132,000

April            $144,000

Gross profit rate is 40% of sales it means cost of goods sold is 60% of sales

Target ending inventory levels = 30% = 0.3

Therefore,

Purchases budgeted for January total

= ( $120,000 × 0.6 ) + ( $108,000 × 0.6 × 0.3 ) - $21,600

= $72,000 + $19,440 - $21,600

= $69,840

6 0
2 years ago
Rick, a marketing manager for Fix-It Tools, is discouraged with the way his organization markets its products. Currently, Fix-It
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The correct answer would be option D, Mass Marketing.

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Explanation:

Rick who is the marketing manager of the Fix it Tools is currently utilizing a strategy which is aimed towards the largest possible number of people. This marketing strategy to attract a large number of people through different advertising techniques is called as Mass Marketing.

Mass Marketing helps in attracting and capturing the largest number of people. It is usually done through Televisions. Online advertisement also contribute in mass marketing due to the increased use of social media now a days.

Learn more about Mass Marketing at:

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8 0
2 years ago
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