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2 years ago

If the price level rose in three consecutive years from 100 to 120 to 140, then the annual inflation rate over those years would

Business

1 answer:

Oksi-84 [34.3K]2 years ago

7 0

We see a continuous fall in percentage the annual inflation rate over those years would decrease.

<h3>Annual inflation rate over years </h3>

Question Parameters:

if the price level rose in three consecutive years from 100 to 120 to 140,

Generally the equation for the is mathematically given as

So, annual inflation rate is

x=[(120-100)/100]*100

x= 20%

In the year 3, price level was 140, hence, the inflation rate

y= [(140-120)/120]*100

y= 16.67%.

Since, we see a continuous fall in percentage the annual inflation rate over those years would decrease.

For more information on Arithmetic

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if a recession caused millions of people to lose their jobs and millions more to fear unemployment, which of the following will

Shtirlitz [24]

Recession make goods more expensive and the increased prices would cause demand for all consumer goods to decrease

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4 years ago

Zola borrows $1000. To repay the amount, she makes 12 equal monthly payments of $95. Compounding is done monthly. Determine nomi

Verdich [7]

Answer:

Effective monthly rate 2.076%

Yearly nominal rate: 24,912%

Explanation:

In excel we have to specify the number of period. The amount we borrow and the payment we are doing This should be negative as represent a cash outflow.

This is solving for the rate of the annuity for 95 of 12 months that discounted at X rate gives 1,000 as the present value:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

$95 \times \frac{1-(1+r)^{-10} }{rate} = 1000\\$

we write on A1

=RATE(12;1000;-95)

and we will receive 2.076% as answer

<em><u>Now to convert into nominal:</u></em>

2.076 x 12 = 24,912%

4 0

4 years ago

Your professor hands you a piece of paper with the number 75 on it and tells you this is your current average in the class. Sinc

zzz [600]

Answer:

Your professor hands you a piece of paper with the number 75 on it and tells you this is your current average in the class. Since this is your fourth year as a college student, you know you could work hard to bring that average up to a B by the end of the semester. This is data.

D. data

Explanation:

To understand what data is, consider the explanation below;

1. Data: data is a piece of raw information that can be converted to useful information. They are facts and statistics usually derived from observations and study that once processed and analysed, useful information can be extracted from it. Data can be analysed in different ways depending on the expected results. In the modern age, data is very important since they provided a factual basis for theories. Data can be processed manually or through the use of software applications.

An example of data is the score that the professor gave you which is 75, this score implies a specific grade ranking. This data was useful to you, since you analysed it and came to the conclusion that by working hard you can average this score up to a B by the end of the semester. The process through which you took the data which is 75, analysed it by comparing it to the grading system and coming to a conclusion is an example of data processing.

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3 years ago

Stylon Co., a women's clothing store, purchased $13,000 of merchandise from a supplier on account, terms FOB destination, 1/10,

Ber [7]

Answer:

Dr. Inventory..................13,000

Cr. Accounts Payable...............13,000

Explanation:

Stylon Co., a women's clothing store, purchased $13,000 of merchandise from a supplier on account, terms FOB destination, 1/10, n/30 using the net method under a perpetual inventory system. Stylon returned merchandise with an invoice amount of $2,100, receiving a credit memo.

a. Journalize Stylon's entry to record the purchase. If an amount box does not require an entry, leave it blank.

Dr. Inventory..................13,000

Cr. Accounts Payable...............13,000

b. Journalize Stylon's entry to record the merchandise return. If an amount box does not require an entry, leave it blank.

Dr. Accounts Payable........2.100

Cr. Inventory...................................2,100

c. Journalize Stylon's entry to record the payment within the discount period of 10 days. If an amount box does not require an entry, leave it blank.

<em>In this case there will be discount credited to the inventory account</em>

Dr. Accounts Payable.....(13000-2100)....10,900

Cr. Inventory................................................................109

Cr. Cash....................................................................10,791

d. Journalize Stylon's entry to record the payment beyond the discount period of 10 days.

<em>In this case there will be no discount credited to the inventory account</em>

Dr. Accounts Payable.....(13000-2100)....10,900

Cr. Cash....................................................................10,900

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3 years ago

Airline travel and car rentals are complement goods. What happens first when

LenaWriter [7]

Answer:

D. The quantity of car rentals demanded goes up.

Explanation:

Complimentary goods are products that are used together. If Airline travel and car rentals are complementary goods, it means the two products must be used together. Either of the products will not add much value to the customer if purchased alone.

Complimentary products have a joint demand. An increase in demand for one good leads to an increase in demand for the other product. If the demand for Airline travel rises, the demand for car rentals also increases. A decrease in demand will have similar effects.

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3 years ago