Answer:
Part 1:
Nominal rate=8.12%
Part 2:
$1,081.2 is the money you will have at the end of one year.
Part 3:
The Saving account is short of $31.8 ($1113-$1081.2) to buy the bicycle after 1 year because of inflation.
Explanation:
Real Interest rate=2%
Inflation rate=6%
Deposited amount=$1000
Part 1:
Formula:
Real interest rate=
![2\%=\frac{1+Nominal\ rate}{1+6\%} -1\\Nominal\ rate=[(0.02+1)*(1+0.06)]-1\\Nominal\ rate=0.0812](https://tex.z-dn.net/?f=2%5C%25%3D%5Cfrac%7B1%2BNominal%5C%20rate%7D%7B1%2B6%5C%25%7D%20-1%5C%5CNominal%5C%20rate%3D%5B%280.02%2B1%29%2A%281%2B0.06%29%5D-1%5C%5CNominal%5C%20rate%3D0.0812)
Nominal rate=8.12%
Part 2:
How much money will you have at the end of one year can be calculated as:
where:
FV is the future value
PV is the present value=$1000
i is the Nominal interest rate (Calculated above)=8.12%
n is the number of years=1 year
$1,081.2 is the money you will have at the end of one year.
Part 3:
Calculating the price of bicycle after one year due to inflation:
The Saving account is short of $31.8 ($1113-$1081.2) to buy the bicycle after 1 year because of inflation.
Answer:
They are creeping, walking, galloping, and hyperinflation. There are specific types of asset inflation and also wage inflation. Some experts say demand-pull and cost-push inflation are two more types, but they are causes of inflation. So is the expansion of the money supply.
Answer:
January 1 Year 2 would be an effective date.
Explanation:
Juanita have two ( 2 ) options and they are
- Terminating the election after March 15th
- Terminating the Election at the beginning of the next Financial year
Since it is already February 1 Year 1 , The most effective date for the S election revocation would be January 1 year 2 ( calendar-year of S corporation ) .
Answer:
servant leadership
Explanation:
Definition:
A servant leader focuses primarily on the growth and well being of people and communities to which they belong. The leader shares power, puts the needs of others first and helps people develop to their fullest potential.
How Malcolm could have demonstrated servant leadership:
- Focus on serving employees’ needs
.
- Develop employees to unleash potential in them
.
- Coach and encourage others to participate in organizational activities
.
- Create enabling work environment for personal growth and maximum participation by all.
-
Move away from self –serving, domineering leadership to respect, value and motivate subordinates
.
