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noname [10]
3 years ago
7

Assume you have $2,000 in a savings account at the beginning of the year and the price level is equal to 100. If the price level

is equal to 95 at the end of the year, the real value of your savings is closest to
Business
1 answer:
Svetradugi [14.3K]3 years ago
4 0

Answer:

$2105

Explanation:

Given that

Amount of savings = 2000

Price level at beginning = 100

Price level at the end = 95

Recall that

Real value = Amount ÷ (ending period price level ÷ beginning period price level)

Thus,

Real value = 2000 ÷ (95/100)

= 2000 ÷ (0.95)

= $2105.26

Thus, the real value of the savings at year end is $2105

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Social responsibility is know as ______.
FinnZ [79.3K]

Answer:

B. people and community

Explanation:

Social responsibility is known as people and community. In other words it refers to any and all responsibilities that you may have when being part of a community or society to make that community better. This involves a wide range of responsibilities or obligations such as volunteering, cooperating with others, ethical and moral choices, etc. Anything that benefits the larger structure that you are part of would be considered a social responsibility.

6 0
3 years ago
A $63,000 machine with a 7-year class life was purchased 2 years ago. The machine will now be sold for $50,000 and replaced with
Lapatulllka [165]

The initial outlay for the project after depreciation is loss of $26,700.

<h3>What is  depreciation?</h3>

Depreciation in accounting refers to two parts of the same concept: first, the real decline in fair value of an asset, such as the worth of factory equipment each year.

Depreciation is used to match the cost of a productive asset with a useful life of more than a year to the revenues received by employing the asset. The expense of an asset is frequently spread out throughout the years that it is used.

Section 32 of the Income Tax Act of 1961 contains the provision for authorising depreciation. Depreciation is a deduction allowed by the Income Tax Act for the reduction in the real worth of a physical or intangible asset used by a taxpayer.

To know more about  depreciation follow the link:

brainly.com/question/1203926

#SPJ4

8 0
2 years ago
Richard suspects his supervisor of unethical accounting practices. However, hedoes not want to lose his job if he reports the su
Jobisdone [24]

Answer: The employee reporting the unethical behavior can do so anonymously.

Explanation:

Richard can make use of the anonymous user account to report his supervisor's unethical behavior, that way the company can be made aware of the supervisor's wrong behavior and Richard's identity would be kept safe that way he doesn't loss his job.

7 0
3 years ago
Innovations imagine is a new york-based business that specializes in creating new products for the market place. as the company
Citrus2011 [14]

The important consideration for this company is that they should think or have at least the idea of the patents, trade secrets and copyrights are being treated differently by the countries in which is one way of helping them of how they should struggle or do their way of doing things.

3 0
3 years ago
In its most recent financial statements, Del-Castillo Inc. reported $30 million of net income and $970 million of retained earni
Andrew [12]

Answer:

the firm pay 39 millions dividends to his shareholders during the year.

Explanation:

The retained earnings identity is as follow:

beginning RE + net income - dividends = ending RE

we plug our values into the formula:

970 + 30 - dividends = 961

we clear dividends:

970 + 30 - 961 = dividends

And solve:

dividends = 39

<u>Notes:</u>

For every account, we always have this similar identity:

a beginning balance

a type of transaction that increase their balance

another kind of transaction which decreased

and a final balance which is the net of the previous.

beginning + increase - decrease = ending

Always try to identify how each transaction impact the account and from there, setup the equation.

8 0
3 years ago
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