Suppose the nominal median household income in the united states was $24,218.00 in 1985, $35,078.00 in 1995, $48,726.00 in 2005, and $51,676.00 in 2010.

you will need to know that the cpi (multiplied by 100, 1982–1984 = 100) was 107.8 in 1985, 152.6 in 1995, 195.5 in 2005, and 218.3 in 2010.

instructions: enter your responses rounded to two decimal places.

year

real income

1985

$

1995

$

2005

$

2010

$

between 1985 and 2005, the real median household income (rose/declined/stayed constant)?

between 2005 and 2010, the real median household income (stayed constant/rose/declined)?

if the boskin commission's conclusions about cpi were confirmed, then real median income would be (greater than/smaller than/the same) as the values computed above?

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Symantec corp., located in cupertino, california, is one of the world's largest producers of security and systems management software. the company's consolidated balance sheets for the 2009 and 2008 fiscal years included the following ($ in thousands): current assets: receivables, less allowances of $21,766 in 2009 and $24,089 in 2008 $ 838,010 $ 758,700 a disclosure note accompanying the financial statements reported the following ($ in thousands): year ended 2009 2008 (in thousands) trade accounts receivable, net: receivables $ 859,776 $ 782,789 less: allowance for doubtful accounts (8,938) (8,990) less: reserve for product returns (12,828) (15,099) trade accounts receivable, net: $ 838,010 $ 758,700 assume that the company reported bad debt expense in 2009 of $2,000 and had products returned for credit totaling $3,230 (sales price). net sales for 2009 were $6,174,800 (all numbers in thousands).required: what is the amount of accounts receivable due from customers at the end of 2009 and 2008? what amount of accounts receivable did symentec write off during 2009? what is the amount of symentec’s gross sales for the 2009 fiscal year? assuming that all sales are made on a credit basis, what is the amount of cash symentec collected from customers during the 2009 fiscal year?

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