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Olegator [25]
3 years ago
6

Suppose that you invest $ 1,000 today at an annual rate of 8%. Assuming that the expected annual rate of inflation is 3%, what w

ill be your increase in purchasing power in percentage terms
Business
1 answer:
LUCKY_DIMON [66]3 years ago
3 0

Answer:

Increase in income (in percentage)= 5% annual

Explanation:

Giving the following information:

Suppose that you invest $ 1,000 today at an annual rate of 8%. Assuming that the expected annual rate of inflation is 3%.

Your real purchasing power is determined by the increase in the nominal amount of money and the inflation rate. The first one increases purchasing power. The second one decreases it.

Increase in income (in percentage)= 8 - 3= 5% annual

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When originally purchased, a truck costing BD 23.000 had an estimated useful life of 8 years and an estimated salvage value of B
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Answer:

d. BD 2,500

Explanation:

Accumulated Depreciation through the end of year 4 = [ Asset's cost - Salvage Value) / Estimated Useful Life] * Years Elapsed

= [(23,000 - 3,000)/8] * 4

= BD 10,000

Depreciation in Year 3 = [Asset's cost - Salvage Value - Accumulated Depreciation] / Remaining Estimated Useful Life

Depreciation in Year 3 = [23,000 - 3,000 - 10,000] / 4

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3 years ago
_____ involves marketing philosophies, policies, procedures, and actions whose primary objective is the enhancement of society.
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4 0
1 year ago
Lewis and Associates has been in the termite inspection and treatment business for five years. The following is a list of accoun
astraxan [27]

Answer:

Lewis and Associates

1. Identification and Analysis of the items of additional information:

a. Rent Expense $400 Prepaid Rent $400

b. Depreciation Expense $150 Accumulated Depreciation $150

c.Cost of Chemical Used $8,100  Chemical Inventory $8,100

d. Wages and Salary Expense $1,080 Wages and Salary Payable $1,080.

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Explanation:

a) Additional Data and Analysis:

a. Rent Expense $400 Prepaid Rent $400

b. Depreciation Expense $150 Accumulated Depreciation $150

c.Cost of Chemical Used $8,100  Chemical Inventory $8,100

d. Wages and Salary Expense $1,080 Wages and Salary Payable $1,080.

e. Income Tax Expense $1,905 Income Tax Payable $1,905

30% of the income for the month.

Income Statement for the Month Ended June 30

Treatment Revenue               $40,600

Cost of Treatment Chemical      8,100

Gross profit                            $32,500

Expenses:

Wages and Salary      $23,500

Utilities                             1,240

Advertising                        860

Depreciation                      150

Rent                                  400

Total expenses                        $26,150

Income before taxes                $6,350

Income taxes                               1,905

Net income                               $4,445

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<span>c. Assets, Liabilities</span>
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netineya [11]

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