Manuel is retired and receives a fixed payment from his pension each there is inflation when the buying power of his pension will fall
This is further explained below.
<h3>What is
inflation?</h3>
Generally, Inflation refers to the rate at which prices continue to grow during a certain period of time, and the term may also refer to inflation itself. In most cases, inflation is assessed on a broad scale, such as the overall increase in prices or the growth in the cost of living in a particular nation.
To put inflation in its most basic form, it may be thought of as the general upward trend in the prices of goods and services over time. What this implies is that a dollar spent now won't purchase as much in the future. In other words, it will lower your ability to purchase things in the future.
In conclusion, Manuel is now retired and receives a certain amount from his pension on an annual basis. In the event that there is inflation, Manuel will be able to buy a lesser total amount with his pension money.
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Answer:
currently there will be no benifits because of the Corona Virus because the stock market is crashing.
Some companies use <u>wikis</u> as internal tools for teams working on a project requiring lots of documentation.
<h3>What is a wiki?</h3>
A wiki is a hypertext publication collaboratively edited and managed by its own audience directly. A typical wiki contains multiple pages for the subjects or scope of the project and could be either open to the public or limited to use within an organization for maintaining its internal knowledge base.
Therefore, the correct answer is as given above.
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Answer:
$105,000
Explanation:
Calculation for How much income tax expense is recognized in the secound quarter of 2021
Secound quarter income tax expense=$300,000 × .35
Secound quarter income tax expense= $105,000
Therefore How much income tax expense is recognized in the secound quarter of 2021 is $105,000
Answer:
Depreciation expense= $9,600
Explanation:
Giving the following information:
A company purchased factory equipment on April 1, 2022 for $128,000. 10-year useful life.
<u>We weren't provided with the salvage value.</u>
First, we need to calculate the annual depreciation:
Annual depreciation= (original cost - salvage value)/estimated life (years)
Annual depreciation= 128,000/10= 12,800
<u>Now, for 9 months:</u>
Depreciation expense= (12,800/12)*9= $9,600
