Maddie's nominal income was $33,000 in 2012. in 2013, because of her excellent work ethic, she received a raise that increased her nominal income to $35,000. maddie knew a lot about inflation so she decided to see how much of a raise she really received. after researching the consumer price index at the bureau of labor statistics web site, she found that the cpi for 2012 was 110 and that it jumped to 125 in 2013. calculate the percent change in maddie's real income after she was given a raise. was she hurt or by this unanticipated inflation? explain.

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after lydia compare her check register to her bank statement, and the ending balances do not seem to match. then, she must make a bank reconciliation by putting the data all together.

to do this, she need to determine the bank ending balance. after, add the deposits in transit then deduct the outstanding checks. moreover, if the actual checkbook balance does not equal this number, check again for transporting errors by subtracting the balances and add the difference to nine. sometimes, a mathematical error can happen but a bank reconciliation is a great tool to resolve the discrepancies.