Recently a teachers' union argued that the standard of living of teachers working for the school district was falling. The negotiating team for the school board replied that this was not true because the teachers had received significant increases in nominal income through collective bargaining. Could the union statement be correct? a. No, because real income may rise if price increases are proportionately greater than the increases in nominal income. b. Yes, because real income may fall if price increases are proportionately smaller than the increases in nominal income. c. Yes, because real income may fall if price increases are proportionately greater than the increases in nominal income. d. No, because real income may rise if price increases are proportionately greater than declines in nominal income.
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Business, 22.06.2019 16:00
Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)
Answers: 2
Business, 22.06.2019 20:10
Given the following information, calculate the savings ratio: liabilities = $25,000 liquid assets = $5,000 monthly credit payments = $800 monthly savings = $760 net worth = $75,000 current liabilities = $2,000 take-home pay = $2,300 gross income = $3,500 monthly expenses = $2,050 multiple choice 2.40% 3.06% 34.78% 33.79% 21.71%
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Business, 22.06.2019 22:50
What is one of the advantages of getting a government-sponsored mortgage instead of a conventional mortgage
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Business, 23.06.2019 00:30
Braden’s ice cream shop is losing business. he knows that customers are no longer choosing his product because a competing product has become less expensive, yet he has refused to lower his prices. what has happened to braden’s business?
Answers: 1
Recently a teachers' union argued that the standard of living of teachers working for the school dis...
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