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Andrews [41]
3 years ago
15

1. Herb, who keeps his savings in an old coffee can. 2. Karen, a retired school teacher that relies upon her fixed pension to pa

y for her expenses. 3. 3rd National, a bank that loaned many people money for home purchases. 4. Joy, who has borrowed $40,000 to pay for her college education.5. The U.S. federal government, which had almost $15 trillion in debt in 2011.
Business
1 answer:
Igoryamba3 years ago
7 0

Answer:

1. Herb, who keeps his savings in an old coffee can. LOSER: inflation decreases the purchasing power of a currency, so you can buy less products with the same amount of money.

2. Karen, a retired school teacher that relies upon her fixed pension to pay for her expenses. LOSER: inflation decreases the purchasing power of a currency, so you can buy less products with the same amount of money.

3. 3rd National, a bank that loaned many people money for home purchases. LOSER: inflation decreases the real interest rate of loans; the real interest rate = nominal interest rate - inflation. The bank will charge less for the loans it made.  

4. Joy, who has borrowed $40,000 to pay for her college education. WINNER: inflation decreases the real interest rate of loans; the real interest rate = nominal interest rate - inflation. So Joy will pay less for her loan.

5. The U.S. federal government, which had almost $15 trillion in debt in 2011. WINNER: inflation decreases the real interest rate of loans; the real interest rate = nominal interest rate - inflation. So the US government will pay less for the national debt.

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During 2015, equipment with a book value of $40,000 and an original cost of $210,000 was sold at a loss of $3,000. how much depr
alexdok [17]

Answer:

How much depreciation expense was recorded on equipment during 2015? $10000

Explanation:

Year Cost monthly Dep NBV

Year 1 210000 10000 200000

Year 2 200000 10000 190000

Year 3 190000 10000 180000

Year 4 180000 10000 170000

Year 5 170000 10000 160000

Year 6 160000 10000 150000

Year 7 150000 10000 140000

Year 8 140000 10000 130000

Year 9 130000 10000 120000

Year 10 120000 10000 110000

Year 11 110000 10000 100000

Year 12 100000 10000 90000

Year 13 90000 10000 80000

Year 14 80000 10000 70000

Year 15 70000 10000 60000

Year 16 60000 10000 50000

Year 17 50000 10000 40000

Year 18 40000 10000 30000

Year 19 30000 10000 20000

Year 20 20000 10000 10000

Year 21 10000 10000 0

4 0
3 years ago
Gross Earnings are the same as:
meriva
Gross income, or gross profit I think
8 0
3 years ago
Schell Company manufactures automobile floor mats. It currently has two product lines, the Standard and the Deluxe. Schell has a
kenny6666 [7]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Schell has a total of $39,060 in overhead.

Direct labor hours:

Standard= 400

Deluxe= 200

Machine hours:

Standard= 4,150

Deluxe= 3,000

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

1) Direct labor hours as allocation rate

Estimated manufacturing overhead rate= 39,060/600= $65.1 per direct labor hour

Now, we can allocate to each product line:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Standard= 65.1*400= $26,040

Deluxe= 65.1*200= $13,020

2) Machine hour as allocation rate:

Estimated manufacturing overhead rate= 39,060/7,150= $5.46 per machine hour

Now, we can allocate to each product line:

Standard= 5.46* 4,150= $22,659

Deluxe= 5.46*3,000= $16,380

7 0
3 years ago
The managers of Danestump, a hardware manufacturing company, are expected to follow standing plans before approving long leaves
Hitman42 [59]

Answer: Procedures

Explanation:

From the given case/scenario, we can state that the standing plan can be referred to as <em>procedures</em>.  A procedure is referred to as a document or act that is written in order to support a policy. It is mostly designed in order to describe where,who, what, when, and why through means of building corporate accountability in inclination to implementation of the policy.

8 0
3 years ago
At which stage of the organizational buying decision process would purchasing and engineering personnel visit potential supplier
STatiana [176]

Answer: Alternative evaluation.

Explanation:

Alternative Evaluation is the phase of the purchaser decision process where the consumer makes use of the information gotten from the information search to assess other brands in the category of the product.

For example, if a consumer is assessing a group of television and he or she has identified three attributes like price, performance and design. The consumer will assess each brand and make decision based on his or her assessment.

7 0
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