Question
In: Economics
If your total income in 2020 is $40,000 and your income in 2021 is expected to...
- If your total income in 2020 is $40,000 and your income in 2021
is expected to be $45,000.
- What is your real income in 2021 if the inflation rate (price level) is 6%? (Present the equations you are using and your calculation.)
- Ignoring inflation, what is the discounted present value of your two-year flow of nominal income if interest rate is 5%? (Present the equations you are using and your calculation.)
- In a sentence answer why your answer in b) is less than the sum of $40,000 and $45000.
Solutions
Rahul Sunny answered 1 year agoRelated Solutions
If your total income in 2020 is $40,000 and your income in 2021 is expected to...
If your total income in 2020 is $40,000 and your income in 2021
is expected to be $45,000.
What is your real income in 2021 if the inflation rate (price
level) is 6%? (Present the equations you are using and your
calculation.) (1 point)
Ignoring inflation, what is the discounted present value of
your two-year flow of nominal income if interest rate is 5%?
(Present the equations you are using and your calculation.)
(1 point)
In a sentence answer why...
The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are...
The comparative balance sheets for 2021 and 2020 and the
statement of income for 2021 are given below for Dux Company.
Additional information from Dux's accounting records is provided
also.
DUX COMPANY
Comparative Balance Sheets
December 31, 2021 and 2020
($ in thousands)
2021
2020
Assets
Cash
$
78
$
33
Accounts receivable
53
65
Less: Allowance for uncollectible accounts
(6
)
(5
)
Dividends receivable
3
2
Inventory
65
60
Long-term investment
40
36
Land
70
50
Buildings and...
The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are...
The comparative balance sheets for 2021 and 2020 and the
statement of income for 2021 are given below for Dux Company.
Additional information from Dux’s accounting records is provided
also.
DUX COMPANY
Comparative Balance Sheets
December 31, 2021 and 2020
($ in thousands)
2021
2020
Assets
Cash
$
33
$
20
Accounts receivable
48
50
Less: Allowance for uncollectible accounts
(4
)
(3
)
Dividends receivable
3
2
Inventory
55
50
Long-term investment
15
10
Land
70
40
Buildings and...
The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are...
The comparative balance sheets for 2021 and 2020 and the
statement of income for 2021 are given below for Dux Company.
Additional information from Dux’s accounting records is provided
also.
DUX COMPANY
Comparative Balance Sheets
December 31, 2021 and 2020
($ in thousands)
2021
2020
Assets
Cash
$
141.0
$
38.0
Accounts receivable
66.0
68.0
Less: Allowance for uncollectible accounts
(3.0
)
(2.0
)
Dividends receivable
21.0
20.0
Inventory
73.0
68.0
Long-term investment
33.0
28.0
Land
88.0
40.0
Buildings and...
The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are...
The comparative balance sheets for 2021 and 2020 and the
statement of income for 2021 are given below for Dux Company.
Additional information from Dux’s accounting records is provided
also. DUX COMPANY Comparative Balance Sheets December 31, 2021 and
2020 ($ in thousands) 2021 2020 Assets Cash $ 129.0 $ 36.0 Accounts
receivable 64.0 66.0 Less: Allowance for uncollectible accounts
(5.0 ) (4.0 ) Dividends receivable 19.0 18.0 Inventory 71.0 66.0
Long-term investment 31.0 26.0 Land 86.0 40.0 Buildings and...
The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are...
The comparative balance sheets for 2021 and 2020 and the
statement of income for 2021 are given below for Dux Company.
Additional information from Dux’s accounting records is provided
also.
DUX COMPANY
Comparative Balance Sheets
December 31, 2021 and 2020
($ in thousands)
2021
2020
Assets
Cash
$
57.0
$
24.0
Accounts receivable
52.0
54.0
Less: Allowance for uncollectible accounts
(3.0
)
(2.0
)
Dividends receivable
7.0
6.0
Inventory
59.0
54.0
Long-term investment
19.0
14.0
Land
74.0
40.0
Buildings and...
The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are...
The comparative balance sheets for 2021 and 2020 and the
statement of income for 2021 are given below for Dux Company.
Additional information from Dux’s accounting records is provided
also.
DUX COMPANY
Comparative Balance Sheets
December 31, 2021 and 2020
($ in thousands)
2021
2020
Assets
Cash
$
141.0
$
38.0
Accounts receivable
66.0
68.0
Less: Allowance for uncollectible accounts
(3.0
)
(2.0
)
Dividends receivable
21.0
20.0
Inventory
73.0
68.0
Long-term investment
33.0
28.0
Land
88.0
40.0
Buildings and...
The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are...
The comparative balance sheets for 2021 and 2020 and the
statement of income for 2021 are given below for Dux Company.
Additional information from Dux's accounting records is provided
also.
DUX COMPANY
Comparative Balance Sheets
December 31, 2021 and 2020
($ in thousands)
2021
2020
Assets
Cash
$
78
$
33
Accounts receivable
53
65
Less: Allowance for uncollectible accounts
(6
)
(5
)
Dividends receivable
3
2
Inventory
65
60
Long-term investment
40
36
Land
70
50
Buildings and...
The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are...
The comparative balance sheets for 2021 and 2020 and the
statement of income for 2021 are given below for Dux Company.
Additional information from Dux’s accounting records is provided
also.
DUX COMPANY
Comparative Balance Sheets
December 31, 2021 and 2020
($ in thousands)
2021
2020
Assets
Cash
$
129.0
$
36.0
Accounts receivable
64.0
66.0
Less: Allowance for uncollectible accounts
(5.0
)
(4.0
)
Dividends receivable
19.0
18.0
Inventory
71.0
66.0
Long-term investment
31.0
26.0
Land
86.0
40.0
Buildings and...
The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are...
The comparative balance sheets for 2021 and 2020 and the
statement of income for 2021 are given below for Dux Company
Additional information from Dux's accounting records is provided
also. DUX COMPANY , COMPARATIVE BALANCE SHEETS DECEMBER
31, 2021 AND 2020 ($ IN THOUSANDS) ASSETS
2021 -- 2020 CASH CASH $ 39.0 --$21.0 ACCOUNTS RECEIVABLE, $49.0 -
$51.0 LESS: ALLOWANCE FOR UNCOLLECTIBLE ACCOUNTS (3.0) -- (2.0)
DIVIDENDS RECEIVABLE, 4.0 -- 3.0 INVENTORY,56.0 - 51.0 LONG-TERM
INVESTMENT 16.0-11.0, LAND 71.0...
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