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2 years ago

The purchasing power of people with _____ decreases a lot when inflation occurs.

2 answers:

8 0

With fixed incomes, because they will find that the money that they have, when inflation occurs, won't be as worth as much before. The people with rising incomes will rise along with the inflation rates, so they will not feel the effect.

Allisa [31]2 years ago

6 0

The purchasing power of people with fixed incomes decreases a lot when inflation occurs

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If a firm sells on terms of 2/10 net 30 days, and its DSO is 28 days, then the fact that the 28-day DSO is less than the 30-day

GalinKa [24]

Answer:

a) true

Explanation:

2/10 net 30 means that if the costumer pays within 10 days, he will be offered 2% discount, otherwise the amount is due in 30 days in full.

DSO means average number of days the company takes to receive payment from customers of credit sales.

Since the DSO of a firm given is 28 days, which is lower than the 30 days credit period normally offered by the company, therefore it may indicate that the firm's credit department is operating effectively.

Hence, answer is a) true

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3 years ago

The four career pathways in finance are?

kondaur [170]

The four career pathways in the finance cluster are banking and related services, business financial management, financial and investment planning, and insurance services.

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3 years ago

Which of these sentences is correctly written and punctuated? Keeping his active mind challenging Roosevelt improved his stamp c

Vladimir79 [104]

The seconds one is the correct answer

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3 years ago

Even though Carol shows sociability aggression apathy , she lacks responsibility self-esteem honesty

Blizzard [7]

Sounds like she needs a meeting with her supervisor and hr director. Any privilege of being paid comes with responsibility to the job role and team members, where she'll be held accountable for her deliverables by her boss.

8 0

3 years ago

Each business day, on average, a firm writes checks totaling $17000 to pay its suppliers. The usual clearing time for the checks

BaLLatris [955]

Answer:

The disbursement float is $ 68,000, collection float is -$44,000 and net float is $24,000.

Explanation:

DISBURSEMENT FLOAT -

Formula that can be used to calculate the disbursement float is =

Amount of average monthly check written X Average number of days it

takes to clear check

Where, amount of average monthly check = $17,000

and average number of days for it to be cleared = 4 days

Disbursement float = $17,000 x 4

= $68,000

COLLECTION FLOAT -

Formula that can be used to calculate the collection float is =

Amount of average monthly check received X Average number of days it

takes to clear check

Where, amount of average monthly check =-$22,000

and average number of days for it to be cleared = 2 days

Collection float = -$22,000 x 2

= -$44,000

NET FLOAT -

Formula that can be used to calculate the NET float is =

DISBURSEMENT FLOAT - COLLECTION FLOAT

= $68,000 - $44,000

= $24,000

7 0

3 years ago