1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vanyuwa [196]
3 years ago
5

Last year, Myron purchased a $10,000 certificate of deposit with a 3% rate of interest from his bank. The government reported th

at prices, on average, have fallen by 5% during the current year. Which of the following can be concluded as a result of this transaction?
Myron loses, while the bank gains.

Myron gains, while the bank remains unaffected.

Myron gains, while the bank loses.
Business
1 answer:
Dmitrij [34]3 years ago
8 0

Answer:

Myron gains, while the bank loses.

Explanation:

Fallen in prices is usually cause by deflation i.e a general decrease in the prices of goods and services which enhances the purchasing power of money.

In this case, 5% fall in price will increase the value of the Myron investment with bank and caused bank more money .

You might be interested in
Land used for raising crops or livestock is generally called a
lozanna [386]

Answer:

A tract of land used for raising crops or livestockcan be called a field or a farm.

8 0
2 years ago
Read 2 more answers
Yazzmine123 are you still there?
castortr0y [4]

Answer:

If you don't find her/him i'll help you look for her/him

Explanation:

8 0
3 years ago
1) Illustrate how the type of work that he or she does influences a person's lifestyle. For example, contrast a farmer, a factor
steposvetlana [31]

Answer:1)The type of one job influences his lifestyle

2)No

3) value of self services in an economy includes improved customer services,more convenient , reduced overhead cost, customer satisfaction, increase productivity.

Explanation:Type of job tells a lot about people lifestyle,eg a person who spend very long hours at work hardly have adequate rest and social life.

Contrasting between farmers, school teacher and factory worker,the factory workers are semi skilled,teachers skilled and farmer could be non skilled ,the school teacher schedule is always fixed 8am to 4pm for instance so they are more organized,they are mostly in formal attire while a factory worker run shifts and may be see in safety boots and overall and may have little or erratic schedules .the farmer on the other hand has no schedule ,has relaxed routine,wear casuals and not necessarily tidy,does things when willed as most are self employed.

Even in their eating habits,farmers eat more of fresh food,while teachers eat processed foods and factory workers are more likely to eat junks or snacks.

While a school teacher may be seen with books ,a factory worker may be seen with machines and equipment and farmers with tools ,tractors etc

2)An economy can only thrive on goods and services,as both are needed for survival,a service person need commodities like foods,clothes etc to survive while a good traders cannot do without services like transportation,banking etc

3)the value of self service include overhead cost reduction,self service involves customer serving themselves with limited involvement of a third party or vendor e.g payment at pos at gas station, uses of ATM for cash withdrawal etc.

The organization uses less resources like staff,PCs to run self service this fund can be invested in other areas.

Increase customer service occurs as a result of self service , customer can do their trasaction at their pace and convenience.

4 0
3 years ago
What are key tests of controls / substantive tests for sales? what are you trying to validate? g?
drek231 [11]
<span>Tests of controls and substantive tests for sales are types of tests used in an auditing system. The auditor is attempting to validate whether or not financial statements can be legitimized or whether or not they have failed in legitimacy. Tests of controls can include examining documents, whereas substantive tests include a test that looks for mistakes in financial balances or statements.</span>
6 0
3 years ago
Can someone pleaseee helpppp meee its due soon
zubka84 [21]

What do you need help with? What's due soon?

4 0
3 years ago
Other questions:
  • If a business person wants to get information about a special product to a wide variety people across a large geographic range,
    7·1 answer
  • On August 1, 2018, Deeva, Inc., sold equipment and accepted a six-month, 9%, $50,000 note receivable. Deeva's year-end is Decemb
    5·1 answer
  • Following are the accounts and balances from the adjusted trial balance of stark company
    7·1 answer
  • David wants to buy a pizza and go to the movies. However, he only has enough money to do one or the other. In order to decide wh
    15·2 answers
  • John Williams, manager of Phoenix Entertainment, wants to compute the variable overhead efficiency variance for the year. He has
    10·1 answer
  • Venus Inc., a producer of high-end computer software, provides merchandising aids to its distributors in the form of interactive
    9·1 answer
  • If subsidies for research and development on new technologies lead to an increase in the average productivity of labor, what wil
    13·1 answer
  • As more and more firms around the world tighten their corporate governance mechanisms by setting up boards of directors made up
    10·1 answer
  • A ________ is an intermediate step in the transition from a free trade area to a common market.
    11·1 answer
  • Consider the market for new dvds. If dvd players became cheaper, buyers expected dvd prices to fall next year, used dvds became
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!