it expanded in cotton sales, if that's the time period u are speaking of...
Real Interest rate is the nominal interest rate adjusted for Inflation. It can be calculated using the following formula:
RR = (NR- IR)/(1+IR)
Where RR is real rate, NR is nominal rate and IR is inflation rate. In this problem, Nominal Rate NR = 11% and Inflation Rate IR is 4%. Therefore, Real rate would be:
RR = (0.11 -0.04)/(1+0.04)
RR = 6.73%
Therefore, real rate of return would be 6.73%.
Answer:
The amount should be recorded for the purchase of the land is $417500.
Explanation:
amount of land = sale price of the land - sale of salvaged parts + bemolition of the old buiding + land preparation and leveling
= $400000 - $20000 + $30000 + $7500
= $417500
Therefore, The amount should be recorded for the purchase of the land is $417500.
Answer:
The correct answer is letter "B": A retirement fund set up to pay a series of regular payments.
Explanation:
An annuity is a <em>financial product intended to pay a fixed sum of cash in the future</em>. Annuities are usually used to guarantee regular income in later years as a retirement fund. When an individual purchases an annuity, the individual agrees to pay a lump sum in advance or to make a regular schedule of deposits to a financial institution that is usually an insurance company.
Answer:
a) 12.5%
Explanation:
Labor force = Unemployed labor + Part time employed + Full time employed = 15 + 25 + 80 = 120
Unemployment rate = Unemployed / Labor force *100 = 15/120 *100 = 12.5%
A. 12.5%
