<h2>Joshua would lose and Sue would benefit from unanticipated inflation.</h2>
Explanation:
- Both Joshua and Sue are associated with fixed pension and fixed interest respectively.
- Now the value of money goes down due to inflation
- So to live as usual, Joshua need to spend some extra money. But considering the fixed income, it's a lose to Joshua
- Whereas Sue is associated with fixed interest of mortgage. She is benefited because, though the inflation has changed the value of all other products, but the fixed interest rate does not change.
- "Fixed-rate mortgage holders are inflation winners", says "Thoma, professor of economics at the University of Oregon"
Answer:
Entrepreneurs are people who organize/operate their own buisness or buisnesses.
Explanation:
hope this helps lad :)
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They can import and then industrialize.
Answer:
$2,200
Explanation:
The computation of the adjusted balance of prepaid insurance is shown below:
= Expired amount of prepaid insurance
= $2,200
Insurance expense A/c Dr $2,200
To Prepaid insurance Cr $2,200
(Being the insurance expense is recorded)
At the time of insurance expired, the amount is transferred from current asset to the insurance expense account in the income statement
