A tractor to help with farm work would be an example of what kind of economic resource?

Suppose that over the past year, the real interest rate was 6 percent and the inflation rate was -2 percent. It follows that a.

ANEK [815]

Answer:

d

Explanation:

Nominal interest rate = real interest rate + inflation rate

6 - 2 = 4%

Inflation is a persistent rise in the general price levels

Types of inflation

1. demand pull inflation – this occurs when demand exceeds supply. When demand exceeds supply, prices rise

2. cost push inflation – this occurs when the cost of production increases. This leads to a reduction in supply. Higher prices are the resultant effect

if inflation declined by 2 percent, it means purchasing power increased by 2%.

Total increase in purchasing power = 6 + 2 = 8

6 0

3 years ago

Taste-T Company has been in business for 30 years and has developed a large group of loyal restaurant customers. Down Home Foods

Lisa [10]

Answer:

Intangibles = $1150,000 and Down Home Foods will record Goodwill equal to $575,000

Explanation:

A) Value on Intangible assets (Goodwill+Patent) = Total Assets - Tangible Assets

=$7,500,000 - $6,350,000 = $1150,000

Intangibles = $1150,000

B) Down Home Foods will record Goodwill in its books.

Value of Goodwill = Purchase Consideration - (Total Tangible Assets + Market Value of Patents)

= $7,500,000 - ($6,350,000+$575,000) = $575000

Down Home Foods will record Goodwill equal to $575,000

7 0

3 years ago

When a line cook in a restaurant uses raw meat to cook a hamburger that becomes part of the restaurant's Super Burger Special, t

gulaghasi [49]

Answer:

Transformation process.

Explanation:

When a line cook in a restaurant uses raw meat to cook a hamburger that becomes part of the restaurant's Super Burger Special, the cook is taking part in a transformation process.

A transformation process can be defined as the capabilities possessed by an organization, which are then integrated into technology, internal processes, and management, for the singular purpose of converting inputs into outputs in order to meet the needs or requirements of their customers.

In this scenario, the cook uses raw meat as an input in the creation of an output, which is the restaurant's Super Burger Special.

7 0

3 years ago

Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During

-BARSIC- [3]

Answer:

debit to organization expenses for $4100

Explanation:

7 0

3 years ago

Read 2 more answers

If the price level increases by 0.2 percent for every $100 billion increase in the money supply, by how much might prices rise i

Gala2k [10]

Answer:

3%

Explanation:

Increase in money supply ($ billion) = Increase in reserves / Reserve ratio

Increase in money supply ($ billion) = 150 / 0.1

Increase in money supply ($ billion) = 1,500

Increase in price level = (Increase in money supply / 100) * 0.2

Increase in price level = (1,500/100) * 0.2

Increase in price level = 3%

8 0

3 years ago