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3 years ago

If inflation falls,

2 answers:

4 0

The answer would be:

If inflation falls, a.)<span>people choose to put in less effort to keep money balances low. when inflation is unexpectedly low it redistributes wealth from borrowers to lenders.

Hope this helps.
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alexdok [17]3 years ago

3 0

Answer: A

Explanation: when inflation falls people choose to put in less effort to keep money balances low. When inflation is unexpectedly low, it redistributes wealth from borrowers to lenders.

People do not put in an effort to keep money when the inflation rate is unexpectedly low because the money loses its value. Lenders gain because, when they will get their money back, it will be of more value than what it was while lending.

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On September 1, 2019, Coral Equipment signed a one-year 8% interest-bearing note payable for $50,000. Assuming that Coral Equipm

natali 33 [55]

Answer:

$8,000

Explanation:

Base on the scenario been described in the question, we are to use simple interest to calculate the given problem

We are given

Time = 2years

rate = 8%

Principal = $50,000

Simple interest formula is given below

I = PRT/100

Substituting the values into the question, we have

I = $50,000×8×2/100

I = $800,000/100

I = $8,000

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3 years ago

Just need help on true or false questions. Only 2,3,4,6, and 7.

Zinaida [17]

2. False
3. True
4.False
6.True
7.False

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3 years ago

While driving recklessly, Thomas lost control of his car and accidentally drove it into the water fountain in his neighbor’s fro

irakobra [83]

Answer:

The policy should cover all the options

Explanation:

That's because we are talking about a full cover insurance. So, in all cases, the insurance must cover all the damages related with physical (include persons or material damages) or psychological injuries.

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3 years ago

You’ve just joined the investment banking firm of Dewey, Cheatum, and Howe. They’ve offered you two different salary arrangement

rodikova [14]

Answer:

The correct answer for 1st option is $158,206.95 and for 2nd option is $157,733.11.

Explanation:

According to the scenario, the given data are as follows:

1st option

Payment ( PMT ) = $85,000

Interest rate (I) = 7%

Time (N) = 2 years

So, the effective rate of interest can be calculated as :

R = $((\frac{1+\frac{7}{100} }{12})^{12} -1)$

R = 7.2290%

Present value can be calculated by using following formula:

P = PMT x (((1-(1 + r) ^- n)) / i)

Hence, present value of 1st option can be calculated as:

PV = 85000×((1-(1 + 7.229%) ^- 2) / 7%)

PV = $158,206.95

Now, present value of 2nd option can be calculated as:

Payment = $74,000

Bonus = $20,000

So, PV = 74000×((1-(1 + 7.229%) ^- 2) / 7%)

PV = 137,733.11

Bonus (add) = $20,000

Total PV = $157,733.11

Hence, the present value for 1st option is $158,206.95 and for 2nd option is $157,733.11.

4 0

4 years ago

Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021 tax return. a. True b. False

Olenka [21]

it is false that Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021.

The term EIP3 refers to an early payment of next year's Recovery Rebate Credit.

The Recovery Rebate Credit means a tax credit that is designed to help the taxpayers during a time of disaster, that is, its gives an advance of the credit means so that the money they will get at tax time is available much sooner.

Hence, it is false that Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021.

Therefore, the Option B is correct.