Answer: Expansionary monetary policy to prevent real GDP from falling below potential real GDP would cause the inflation rate to be relatively higher and real GDP to be relatively higher.
Explanation: The expansionary monetary policy - a central bank uses their tools to stimulate the economy. A central bank pay increase the supply of money, lower interest rate and help increase demand. Real GDP (gross domestic product) is adjusted for inflation to show the value of all goods and services that an economy produced in any given year.
Answer:
$92,691.08
Explanation:
The computation of the future value is shown below:
As we know that
Future value = Present value × (1 + interest rate)^number of years
where,
Present value is $64,000
The Interest rate is 2.5%
And, the number of the year is 15 years
Now placing these values to the above formula
So, the future value is
= $64,000 × (1 + 0.025)^25
= $64000 × 1.448298166
= $92,691.08
Answer:
c. measure a company's activities.
e. communicate information to decision makers.
Explanation:
Accounting's main purpose is to record the activities of a company because record keeping is very important as it primarily shows whether the company is making a profit or a loss.
The records can then be submitted to decision makers and stakeholders who will then use the information given to guide decisions that they will make for themselves, the company or both.
Answer:
The right choice is "3 Correctly ignored a sunk cost"
Explanation:
As the ticket to the opera was already bought and it is nonrefundable, nonexchangeable, and nontransferable; whether Van decides to go to the opera or to go to the party with Amy; he has incurred $100 cost of ticket which can not be recovered in any manner.
The ticket cost in this question is categorized as sunk cost - cost that incurred in the past and will be remained the same regardless of any future actions. Thus, this type of cost should be ignored when making decision for the future.
So, "3 Correctly ignored a sunk cost" is the correct choice.
Answer:
Mayhem is a character used and created by Leo Burnett for advertising Allstate insurance. Leo Burnett depicted the character as Mr. Mayhem where he particularly compared him with another character from a 1992 movie Reservoir Dogs, Mr. White. He associated the insurance policy with the Mayhem character so people can easily identified and recognized it and start feeling certain attachment with it as well, and he was quite successful too. So this is the linkage and connection between Mayhem and insurance.