What is the real value of your savings if the price level increases by 6 percent for the year?

Business

1 answer:

Feliz [49]1 year ago

5 0

The real value of your savings if the price level increases by 6 percent for the year will be $5,660.

If the price level increases by 6%, then the year-end price level index would be 106.

Real value of savings = 6,000 * (100 / 106) = $5,660

The charging stage is the average of contemporary costs across the whole spectrum of products and services produced in an financial system. In extra preferred phrases, price level refers back to the rate or value of an excellent, service, or security in the financial system.

the general rate level is a hypothetical degree of average expenses for some set of products and services, in an economic system or monetary union for the duration of a given c program language period, normalized relative to some base set. Generally, the overall price degree is approximated with a each day charge index, commonly the Daily CPI.

We are able to think of this charge level for a basket of products as a popular fee index that is created from diverse items and services within the USA. For instance, the customer price index (CPI) within America is a representative rate degree for a basket of goods.

Learn more about price level here brainly.com/question/27844397

#SPJ4

You might be interested in

On june 1, nicholson company purchased inventory on account with a cost of. Credit terms were 2/10, net 30. On june 2, nichol

alex41 [277]

The Journal entry which Nicholson company will prepare on June 2 will be like when goods are returned the reverse entry is made which is

Accounts Payable A/c Dr. $480

Purchase Return / Inventory A/c Cr. $480

A journal entry is an act of recording any transaction, whether it is economic or not. Multiple recordings, each of which is either a debit or a credit, may be included in the journal entry.

Accounting journal entries are transferred from the journals and posted to the general ledger in order to record financial transactions in the accounting system. Modern accounting software handles the majority of this process automatically, but it's crucial to understand what's going on since there are instances when manual entries will need to be made to adjust or correct account balances at the conclusion of an accounting month.

To learn more about Journal entry visit: brainly.com/question/20421012

#SPJ4

8 0

1 year ago

Project managers frequently face competing constraints. Identify these common constraints and describe approaches that project m

gizmo_the_mogwai [7]

Answer: The common constraints faced by project managers are project scope, cost and time.

Explanations:

The three main constraints faced by project managers are the project scope, cost and time. These constraints affect the quality of a project. In high quality projects, the product is delivered within its scope at the required budget and on time.

The constraints are usually connected to one another. For example, an increase in the project scope will require an increase in cost and time. Also, accelerating the project timeline may lead to a reduction in the project costs but also lower the scope.

A trade off in project occurs when one constraint is reduced so as to increase another constraint. For trade-offs to be successful, project managers should take time to scrutinize the organization's objectives and the expectations of the project by using a structure that allows the project manager look at other options for the constraints and find the greatest balance among the constraints and organizational goals.

6 0

3 years ago

Under which of the following circumstances may investment bankers review an equity research report prior to publication

Troyanec [42]

(B) To verify the factual accuracy investment bankers review an equity research report prior to publication.

<h3>What are investment bankers?</h3>

A financial institution's investment banker is largely responsible for obtaining cash for firms, governments, or other entities.
The investment banking industry is attractive because it pays handsomely.
Investment bankers must have great verbal and writing communication skills, as well as the ability to work long and demanding hours.
Prior to publication, investment bankers analyze an equities research report to ensure its accuracy.
Large, complex financial transactions are facilitated by investment bankers.
These transactions may include arranging for a client's acquisition, merger, or sale.
Another duty of investment bankers is to issue securities in order to raise capital.

As the description itself says, prior to publication, investment bankers analyze an equities research report to ensure its accuracy.

Therefore, (B) to verify the factual accuracy investment bankers review an equity research report prior to publication.

Know more about investment bankers here:

brainly.com/question/25787830

#SPJ4

Complete question:

Under what circumstances may investment banking personnel review an equity research report prior to publication?

A) To prevent a recommendation that may alienate a client company

B) To verify its factual accuracy

C) Under no circumstances

D) To ensure a favorable recommendation

6 0