In economics, we cannot accurately predict what individuals will do, but only what people in general will do. Why?

Hodor borrowed $1000. The bank charges him 5% interest per year. At the end of year, he paid $50 in interest. There was 2% incre

dem82 [27]

Answer:

5%

Explanation:

nominal interest rate = 5%

real interest rate = nominal interest rate - increase in GDP deflator (inflation rate) = 5% - 2% = 3%

The nominal interest rate is the interest rate earned or charged without considering the effects of inflation. The real interest rate adjusts the nominal interest rate against the year's inflation rate.

5 0

2 years ago

Approximately 300 billion dollars are given to charities each year. A.No. It is about 30 billion dollars at the most. B.No. It'

alexdok [17]

The answer to the statement above would be TRUE. Yes, it is correct that approximately, 300 billion dollars are donated to charities each year, but this only covers those charities that are registered. There are about 40,000 charities in the United States alone. The answer for this is D.

3 0

2 years ago

Once the outputs are identified in a work flow analysis, the next step involves: identifying the materials needed to generate th

hichkok12 [17]

Answer:

taking an inventory of the special equipment, facilities, and systems needed for production.

Explanation:

7 0

2 years ago

Wei is an analyst for an insurance company. The firm uses her data to make all of its business predictions. Wei is asking for a

Ostrovityanka [42]

Answer:

Expert power

Explanation:

Expert power refers to the ability someone has to influence other people because this person has a lot of knowledge or specialized skills that others don't have. According to this, the answer is that Wei has expert power because the company uses the data she provides as an analyst to make all the business predictions which means that her power comes from the knowledge and skills she posses.

5 0

2 years ago

If we are covering labor and overhead costs of an item in a Managerial Accounting course, we are referring to which concepts?

Umnica [9.8K]

Answer: D. Manufacturing cost

Explanation:

Manufacturing costs include all costs related to the production of a good. This includes direct costs such as direct labor and material and also manufacturing overheads such as assembly line manager salary.

When talking about both labor and overhead costs in relation to a good in managerial accounting, the relevant concept is therefore manufacturing costs as it envelops the two terms.

6 0

2 years ago