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3 years ago

You have $55,000 in a savings account that pays 2% interest per year.

Business

1 answer:

blondinia [14]3 years ago

6 0

Answer:

1. the interest make in a year is $1100

2. the spending power need to make to keep up with inflation in that year is $1782.

3. the buying power lose in that year because of inflation is $682. the buying power lose in that year because of inflation is $682.

Explanation:

In a savings account, amount $55,000 which pays 2% interest each year and the rate of inflation is 3.24% gives,

1.The interest make in a year is $1100

2. Spending power need to make to keep up with inflation in that year is $1782.

3. Buying power lose in that year because of inflation is $682

1. the interest make in a year is $1100

2. the spending power need to make to keep up with inflation in that year is $1782.

3. the buying power lose in that year because of inflation is $682. the buying power lose in that year because of inflation is $682.

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Greg has developed an automobile engine that runs efficiently for up to three hours on a single russet potato. His friends have

natulia [17]

Answer:

Correct option is (a)

Explanation:

For any venture to be successful, it starts with a vision or idea. In this case, Greg is confident that he will be able to convince US Car manufacturers to purchase his fuel efficient car even though his friends were doubtful if his product will be accepted by car manufacturers.

He also had a clear vision as his goal was to make US economy energy efficient. Vision is to have a positive outlook regarding future.

It can be inferred that Greg has both vision and confidence

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3 years ago

Read 2 more answers

For each scenario, decide whether it creates a producer or a consumer surplus. Then, calculate the ensuing surplus.

Gnom [1K]

Answer:

Alice's consumer surplus = $5

Jeff's consumer surplus = $16

Nicole's producer surplus = $1

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of a good.

Consumer surplus = willingness to pay - price of the good

Producer surplus is the difference between the price of a good and the least price the producer is willing to accept

Producer surplus = price of the good - least price the producer is willing to accept

Alice's consumer surplus = $30 - ($35 - $10) = $5

Jeff's consumer surplus = $20 - [$16 - (0.75 x $16)] = $16

Nicole's producer surplus = $501 - $500 = $1

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3 years ago

You've got your budget, credit history and saving in order. whats your next step before shopping for a home?

Softa [21]

Answer:

The correct answer is letter "A": Shop for a mortgage.

Explanation:

After setting a budget and starting a housing fund, checking your credit report and scores, and accruing a certain amount of money to make possible acquiring a house, the next step implies being pre-approved by a mortgage lender. This will give you an idea of how much money a bank might approve to lend you to purchase the property. Thus, after this and finding a Real Estate agent, <em>you can start checking what houses are available for purchase according to what you can afford.</em>

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3 years ago

Prior to the early twentieth century, a worker who was injured on the job could collect damages only by suing his employer. To

soldi70 [24.7K]

Answer:

Wages would fall due to an increase in labor costs.

When the workers compensation laws were not there, the employers only had to worry about one labor cost, that of paying their employees. With the introduction of worker's compensation, they then had to get insurance for their employees as well.

This led to an increase in the costs of labor which meant an increase in production costs and a decrease in profitability. To compensate for this, the employers cut wages in order to be able to pay for both the insurance and wages and still pay the same general amounts they were paying as wages such that their production costs don't rise significantly.

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3 years ago

A contract in which a buyer takes goods primarily for resale, with a right to return any goods that fail to sell, is a sale on a

Jobisdone [24]

<span>This question is actually false. The type of contract described is actually a Sale or Return. When negotiating a Sale or Return, it is useful to define a period in which the goods will be returned if they are not satisfactory. It is also useful to have a requirement that the goods be returned unaltered and undamaged.</span>

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3 years ago