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Lana71 [14]
2 years ago
10

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

Business
1 answer:
blondinia [14]2 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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Answer: The answer is given below

Explanation:

According to Gerzema, some of the changes that consumers are making when it comes to spending money or buying an item include the idea of using debit cards at the expense of credit cards. This implies that individuals are now paying for goods and services with the money that is already with them.

He also said individuals now go after the “liquid life”, where he said that individuals define success on liquidity and not on having things. He also said individuals look at organization's values and that they're always looking for ways to have value for things they buy. The cause of these are the fact that consumers are being empowered and also wants to improve their economy.

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2 years ago
Suppose there are two individuals, Casey and Rick, who live in a very simplified world where only two goods are produced and con
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Answer:

Casey's opportunity cost of producing 1 kg of potatoes is 5 kg of steak.

Casey's opportunity cost of producing 1 kg of steak is 0.2 kg of potatoes.

Rick's opportunity cost of producing 1 kg of potatoes is 3 kg of steak.

Rick's opportunity cost of producing 1 kg of steak is 0.33 kg of potatoes.

Casey should produce steak while Rick should produce potatoes, since Rick has a comparative advantage in producing potatoes (lower opportunity cost) and Casey has a comparative advantage in producing steak.

As long as the price of steak per kilogram of potatoes is less than 5 kg of steak and more than 3 kg of steak, then both would win. In order for both of them to win is a similarly proportional way, the exchange price should be 4 kg of steak per kg of potatoes.

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2 years ago
A photocopier cost 96000 when new and has accumulated depreciation of 95000. if the business discards this plant asset, the resu
Semenov [28]

A photocopier cost 96000 when new and has accumulated depreciation of 95000. if the business discards this plant asset, the result is  $1,000.

Cost of photocopier        $    96,000.

Less: Accumulated depreciation   $  (95,000).

Loss on discard            $       1,000.

A photocopier (also known as a copier or copier, formerly Xerox machine, a generic trademark) is a machine that copies documents and other visual images onto paper or plastic film quickly and inexpensively.

The photocopier (also known as copier or copier, formerly Xerox machine, generic brand) is a machine that copies documents and other visual images onto paper or plastic film quickly and inexpensively. Most modern copiers use a technology called xerography. It is a dry process that uses the electrostatic charge of a photosensitive photoreceptor to first attract toner particles (powder) and then transfer them to paper in the form of an image.

Learn more about photocopier here: brainly.com/question/25307534

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3 0
1 year ago
An older person nearing retirement might typically find it better to invest in ________ since they generally seek less risk with
Helga [31]

The answer to this question is bonds. Bonds are an investment type where in investors’ gains a fixed-income over their investments. Bonds are less risky because the return of investment is in a fixed rate and this is less vulnerable to price swings in the stock market. 

5 0
3 years ago
Which of the following is one result of international trade?
Reika [66]

The answer is <u>"D. Trade creates new markets".</u>


International trade is the trading of products and enterprises between nations. This sort of exchange offers ascend to a world economy, in which costs, or free market activity, influence and are influenced by worldwide occasions.  

International trade enables us to grow our business sectors for the two merchandise and enterprises that generally might not have been accessible to us. It is the motivation behind why you can pick between a Japanese, German or American vehicle. Because of universal exchange, the market contains more noteworthy challenge and in this way progressively aggressive costs, which conveys a less expensive item home to the buyer.

8 0
3 years ago
Read 2 more answers
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