Answer:
Real Interest Rate = -2.7%
Explanation:
The formula to calculate the Real Interest rate is:
Here,
r = Real Interest Rate
i = Nominal Interest Rate = 3% = 0.03
p = Rate of Inflation
We have the value of Nominal Interest Rate. Before using the formula we need to calculate the Rate of Inflation. We have the values of CPI at the beginning and end of the year. From these we can calculate the Inflation Rate. The formula to calculate the inflation rate is:
Using the values in this formula, we get:
Now we have all the values that we need to use. The values in the formula will be used in decimals, not in percentages. Substituting the values, we get:
Thus, the Real Interest Rate that Juanita earned is -2.7%. This shows that rate of Inflation is more than the Nominal Interest and the value of her savings actually decreased compared to the beginning of the year.
Answer:
b. Special damages
Explanation:
Damages are remedies paid to claimants or plaintiffs as compensation for loss or injury caused by the defendant.
Special damages compensate the claimant for quantifiable monetary losses which can be either direct losses or consequential damages. For example the cost of replacement of damaged property is categorized as a direct loss and lost earnings relates to consequential damages.
The $100,000 worth of porcelain that was damaged is a direct loss which may be recovered by CraftCo under special damages.
Answer: Secondary needs
Explanation; Secondary needs are generally psychological, such as the need for nurturing, independence, and achievement. While these needs might not be fundamental for basic survival, they are essential for psychological well-being.
Answer: $19,800
Explanation;
The Monopolist will maximize output at the point where Marginal Revenue equals Marginal Cost because at this point all resources are being fully utilized.
Total Cost = Average Total Cost * Quantity produced
At the point where MR=MC, the quantity produced is 1,100 units.
The Average Total Cost tallying with this is $18 per unit.
Total Cost = 18 * 1,100
= $19,800
Answer:
There are many advantages in students being exposed to accounting softwares.
-There productivity increases as they can engage in more work in less time
-The accuracy of the accounting process increases as well, mainly lyrics because there is no room for human errors
-the process becomes easier and less time consuming, this makes accounting less complicated and more attractive as a subject for the students
Explanation:
