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aksik [14]
3 years ago
5

The CPI (times 100) is 100 at the time that Frank makes the loan. It is expected to be 110 in one year and 121 in two years. Wha

t nominal rate of interest should Frank charge Sarah?
Business
1 answer:
igomit [66]3 years ago
8 0

Answer:

12% per year

Explanation:

first we must determine the inflation rate:

  • inflation rate year 1 = (110 - 100) / 100 = 10 / 100 = 0.1 or 10%
  • inflation rate year 2 = (121 - 110) / 110 = 11 / 110 = 0.1 or 10%

nominal interest rate = real interest rate + inflation rate = 2% + 10% = 12%

That way, Frank should collect = $1,000 x 1.12² = $1,254.40 in two years if he charges compound interest.

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Andrew Flint is the CEO of a small, publicly held company based in Idaho Falls, Idaho. Flint earned $76,000 last year as CEO. In
Natasha2012 [34]

Answer:

D, Flint can simply write ot the SEC to voice his concerns.

Explanation:

Since Flint does not have a case that warrants a court challenge but rather an observation, Flint can simply write to the SEC to intimate them about his observations and/or findings, as well as let the SEC know the position of his company on the rule being proposed by it.

Cheers.

6 0
3 years ago
(LC)What is any specific instance of media whose goal is to influence its audience, and does so by selectively including informa
nexus9112 [7]

Answer:

Propaganda

Explanation:

Based on the information provided within the question it can be said that the term being mentioned is called Propaganda. This is information spread by the media in order to further their agenda or viewpoint. It is done so by pushing their position and presenting various carefully selected information to support their stance. This information may or may not be factual.

5 0
4 years ago
At the end of the year, the deferred tax asset account had a balance of $4 million attributable to a temporary difference of $16
Alex

Answer:

1 . Dr ncome tax expense 7

Dr Deferred tax asset 4

Cr Income tax payable 11

2. Dr Income tax expense3

Cr Valuation allowance-Deferred tax asset3

Explanation:

Preparation of Journal entries

JournalDebitCredit

(In million)

1 . Dr ncome tax expense 7

($11-$4=7)

Dr Deferred tax asset 4

($16× 25% = $4)

Cr Income tax payable 11

($44 × 25% = $11 )

2. Dr Income tax expense3

Cr Valuation allowance-Deferred tax asset3

(3/4 × $4) = $3 million

Deferred tax asset= ($16× 25%)

Deferred tax asset= $4 million

Income tax payable= ($44 × 25%)

Income tax payable= $11 million

5 0
3 years ago
21. GJ Company, a manufacturer, has provided the following information pertaining to its recent year of operation: • Net income,
7nadin3 [17]

Answer: $545,000

Explanation:

Using the indirect method of formatting the Cash flow statement, the cash from operating activity is:

= Net income + Depreciation + Loss on sale of depreciable asset  + Patent amortization expense + Accounts receivable decrease +  Wages payable increased - Accounts payable decrease - Prepaid assets increased - Unearned revenue decrease

= 500,000 + 53,000 + 31,000 + 5,000 + 41,000 + 19,000 - 42,000 - 31,000 - 31,000

= $545,000

3 0
3 years ago
You have a opportunity to be hired into a exciting new career. Explain what types of clothing you would wear to the interview an
OLga [1]

Answer:

I would wear something simple not to flashy like some black pants with a button up top and a blazer I think that is very professional. I would use my communication skills by using eye contact not interrupting and asking questions if I don’t understand something. Also I would try my best to answer the questions they ask to the best of my ability and use a good speaking voice and good grammar. Hope this helps!!

3 0
3 years ago
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