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
Damm [24]
3 years ago
8

Your bank offers to pay you a 3% interest rate on a one-year fixed-deposit saving account. The inflation rate is expected to be

2% by the end of the year. Which of the following will be true if you decide to keep the money in the bank and the inflation rate turns out to be 4% by the end of the year?
I will be worse off
The bank will be worse off.
Both the bank and I will be worse off.
Neither the bank nor I will be worse off
Business
1 answer:
Lubov Fominskaja [6]3 years ago
7 0

Answer: By the end of the year I would be worst off

Explanation: This is because my savings would shrink ,although an interest is paid on the fixed account, the interest is not increasing at the rate at which the inflation is growing.

At any time savings don’t increase at the same rate as inflation, the owner of the fixed savings account will effectively lose money.

This is because with an increase in inflation comes a reduction in the buying power of an individual.

You might be interested in
Heidi Ganahl's account of how she founded Camp Bow Wow through great adversity is best characterized as a(n):
Tasya [4]

Answer:

organizational story

Explanation:

Heidi Ganahl -  

She is a very famous author , businesswomen and entrepreneur , the very founder of the Camp Bow Wow , which is a franchise for pet care.  

Heidi Ganahl is characterised as an organizational story for her franchise Camp Bow Wow , where the people working in the camp Bow Wow all listen to the inspirational stories of her life , and feel motivated to do the same .

Hence , from the given information of the question,  

The correct term is organizational story .

6 0
3 years ago
You are an engineering technologist employed by H. L. Winman and Associates, and you are engaged in a lake-level measurement pro
Lapatulllka [165]

Answer:

Answer is explained in the explanation section.

Explanation:

Hektic America Inc.

Customer Service Representative

Date: Jan 23rd, 2021    (You can add your date accordingly)

21 Lincoln St., Chester, Mass.

Dear Concern,

This is to inform you that, we have been buying your product Hektik Model 370 Water Stage Manometer order No. 26019 since a long. It is unfortunate to inform you that, it is not working up to the mark. We further can not rely on this product, as it stop working at critical moments. It's spring and drive assembly have been exhausted and it needs replacement. It has broke down several times. Unfortunately, we can not continue using this product, as it has severe repercussions on our company. Therefore, it is highly requested to replace this product with a genuine one and free of charge. Otherwise, we will be compelled to change the supplier of this product for our company.  

Your's Truly,

Engineering Technologist,

H. L. Winman and Associates

7 0
3 years ago
Jimenez Enterprises is incorporated in Arkansas. It generated a $5,000,000 profit on its overseas operations this year. Jimenez
anygoal [31]

Answer:

Consider the following explanation

Explanation:

Foreign tax credit allowable is the minimum of Federal Income Tax and Income tax paid in foreign country. Here, Jimenez had paid 40% (2,000,000/5,000,000) income tax in foreign country. So. Jimenez will only be eligible to take foreign tax credit of 1,050,000 i.e. 5,000,000 * 21% and there will be carryover of $950,000 (2,000,000 - 1,050,000) foreign taxes.

There is carryover tax when we cannot use the whole amount of foreign tax credit in the current year and the balance foreign tax is carried over to future years.

3 0
2 years ago
An accrual refers to an event where the: 31)
Nesterboy [21]
The answer is c......
3 0
3 years ago
On January 1, 2018, Ogleby Corporation signed a five-year noncancelable lease for equipment. The terms of the lease called for O
Olin [163]

Answer:

With respect to this lease, for 2018 Ogleby should record interest expense of $57,058 and depreciation expense of $107,225. The right answer is c

Explanation:

According to the given data we have the following:

PV of lease=$750,578

Annual payment=$180,000

Rate of interesr=10%

The interest expense would be calculated as follows:

Interest expense = ( PV of lease - Annual payment ) * Rate of interest

Interest expense = ( $750,578 - $180,000 ) * 10%

Interest expense = $57,058

Therefore, With respect to this lease, for 2018 Ogleby should record interest expense of $57,058 and depreciation expense of $107,225.

4 0
3 years ago
Other questions:
  • Free points for all here u go
    14·2 answers
  • If menu costs were​ eliminated, the​ short-run aggregate supply curve will be
    14·1 answer
  • Moral hazard occurs when:
    5·1 answer
  • True or False: To segment the rights to which certain common shareholders are entitled, companies often separate common equity i
    9·2 answers
  • A note receivable due in 18 months is listed on the balance sheet under the caption A. long-term liabilitiesB. fixed assetsC. cu
    14·1 answer
  • A woman bought acreage but never saw it and did not use it; although, she regularly paid the real estate taxes on it. Without he
    14·1 answer
  • You are offered two jobs, one in Chicago paying $67,000 and one in Dallas paying $58,000. The price index in Chicago is 110.8, a
    9·1 answer
  • Alexandra has determined that studying an hour for her economics quiz will improve her grade on the quiz from 75 to 100. She als
    7·1 answer
  • _____________ analytics combines data from different channels into one holistic view of the customer and analyzes the data for i
    5·1 answer
  • Greg is compiling a survey on consumer preferences. In order to achieve the most accurate snapshot of their likes and dislikes,
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!