Last year, jane spent all of her income to purchase 200 units of corn at $5 per unit. this year, she spent all of her income to purchase 180 units of corn at $6 per unit. a. jane's nominal income and real income decreased this year. b. jane's nominal income increased this year, but her real income decreased. c. jane's nominal income decreased this year, but her real income increased. d. jane's nominal income and real income increased this year.

Yowell company granted a sales discount of $360 to a customer when it collected the amount due on account. yowell uses the perpetual inventory system. which of the following answers reflects the effects on the financial statements of only the discount? assets = liab. + equity rev. − exp. = net inc. cash flow a. (360 ) = na + (360 ) (360 ) − na = (360 ) (360 ) oa b. na = (360 ) + 360 360 − na = 360 na c. (360 ) = na + (360 ) (360 ) − na = (360 ) na d. na = (360 ) + 360 360 − na = 360 na