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Mice21 [21]
2 years ago
8

Someone with dollar bills to lend will never agree to make a loan with a nominal interest rate of less than zero because:

Business
1 answer:
saw5 [17]2 years ago
7 0
<span>Having a nominal interest rate less than 0 would mean that a depositor pays a bank to hold its money. If the annual nominal interest rate is negative 1 percent, a deposit of $1000 dollar would come out $10 dollar short the following year which is why someone with dollar bills will never agree to loan with a nominal interest rate that is negative percent.


</span>
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Why did the Great Depression of 1928 affect people from almost all parts of the world?
Zigmanuir [339]

Answer:

C. Sharp rise in price of goods in the United States led to an increase in imports.

Explanation:

The Great Depression was a period of severe economic meltdown or downturn (crisis) of the industrialized world and it started from the United States of America, typically lasting for about ten years (1929-139).

Basically, the Great Depression started in America on the 4th of September, 1929 as a result of a major fall in the prices of stocks and consequently, leading to a stock market crash on the 29th of October, 1929.

Hence, the negative effects of the Great Depression includes a decline in investments, tax revenues, market price, personal income level, consumer spending, profits and a general rise in unemployment rate.

In conclusion, the Great Depression of 1928 affect people from almost all parts of the world because sharp rise in price of goods in the United States led to an increase in imports.

8 0
3 years ago
Read 2 more answers
According to immanuel wallerstein, currently, there are many countries whose production is owned or leased by dominating countri
Rama09 [41]
One of the country, according to Immanuel Wallerstein that is currently many countries whose production is leased or owned by dominating countries but the workers in these countries do not share the same rights and privileges that United States workers do, that country would be A. Vietnam.
3 0
2 years ago
Marigold Corp. self-insures its property for fire and storm damage. If the company were to obtain insurance on the property, it
DENIUS [597]

Answer:

loss on fire and storms 710,000

insurance expense zero as the firm didn't acquire any

Explanation:

Notice it state <u><em>"if the company were to obtain insurance"</em></u> Which means it currently has none insurance.

If the firm had an insurance the amount of losses would be deducted from the insurance policy but there is none so we disclosure the entire loss as a result of the period.

Hence, we should recognize the entire loss on fire and storm damage of 710,000 during the year and no insurance expense.

8 0
3 years ago
A(n) ________ group is created to do something productive for the organization and is headed by a leader. for example, this grou
ZanzabumX [31]

The answer is formal group. A formal group is a cluster or group of individuals, who decided to work together to achieve and reach a specific goals. Formal groups are made of individuals committed to fulfill tasks. According to the given example, this group is created to produce and develop a new series of skincare products specifically for the individuals over the old age of sixty (60), the example states that the group is created to develop a new-line of skincare products, so it is to be considered that the group being referred to is the formal group, it has indicated that there is a specific goal that is set for different individuals to come together and fulfill a specific goal.

7 0
3 years ago
The following cost data relate to the manufacturing activities of Chang Company during the just completed year:
Elza [17]

Answer:

Amount of underapplied or overapplied overhead cost for the year

$97000 - Underapplied

Schedule of cost of goods manufactured for the year

Direct Material                                3885000

Direct Labor                                      60000

Overheads                                       376000

Total Manufacturing Costs             4321000

Add Opening Inventory WIP           400000

Less Closing Inventory WIP            (700000)

Cost of Goods Manufactured         4021000

Explanation:

Amount of underapplied or overapplied overhead cost for the year

Underapplied or Overapplied overhead cost =Actual Overhead - Applied Overhead

$473000-$376000= $ 97000

Schedule of cost of goods manufactured for the year

<em>Direct Materials  Calculation  </em>                                  

Opening                                                      200000

Add Purchases                                         4000000

Available                                                    4200000

Less Closing Material                                 300000

Materials Consumed                                  3900000

Less Indirect Materials                                 15000

Direct Materials Consumed                       3885000

8 0
2 years ago
Read 2 more answers
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