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You have $64,000 in a savings account that pays 2% annual interest and the

klio [65]

Answer:

$793.60

Explanation:

Inflation refers to the general increase in prices. It reduces or erodes the purchasing power of a currency.

Interest rate represents the rate of money growth from an investment or savings.

Inflation will, therefore, decrease purchasing power while interest rate will add to the currency strength. Loss or gain in purchasing power will be determined by the difference between the inflation rate and the interest rates.

In this case, the loss in purchasing power will be the inflation rate (3.24%) - interest rate (2%).

=3.24%-2%

=1.24%

1.4% decline in purchasing power will equal to 1.4% x $64,000

= 1.24/100 x $64,000

=0.0124

=$793.60

7 0

4 years ago

Nations do not have the sovereignty to takeover (expropriate) the assets of a firm without compensation.

aleksandrvk [35]

Answer:

b. False

Explanation:

The concept of "direct expropriation" has never been problematic. It is an old public law institution that finds support in most national legal systems. This form implies a mandatory transfer of the title deed or the immediate occupation or confiscation of a property right. Normally, the State or a third party designated by it directly benefits from the measure. The term brings with it the connotation of a seizure by a governmental authority of the property of a person with the aim of transferring the property to another person, normally the authority that exercises its de jure or de facto power to order the seizure.

4 0

3 years ago

On September 1, Vicario, Inc., borrows $100,000 from First National Bank at 6 percent annual interest. This note is due in 90 da

Tomtit [17]

Answer:

Explanation:

The journal entry is shown below:

Cash A/c Dr $100,000

To Notes payable A/c $100,000

(Being the issuance of the note payable is recorded)

For recording this transaction, we debited the cash account as it increases the asset and credited the note payable account as it also increases the liabilities account

5 0

3 years ago

In a partnership, partners may not compete against their own partnership unless:A. they do not monetarily benefit from their com

prohojiy [21]

(C) Without the other partners' consent, partners in a partnership are not allowed to compete with one another.

<h3>What is a partnership?</h3>

In a partnership, parties who are referred to as business partners agree to work together to further their shared objectives. Individuals, companies, interest-based organizations, schools, governments, or combinations of these may be the partners in a partnership.

All partners in a general partnership corporation split the company's assets and debts equally. Lawyers and other professionals frequently create limited liability partnerships.

Partners in a partnership are prohibited from competing with one another unless they get the other partners' permission.

To sum up, while every partnership is different, all partnerships should have the aforementioned characteristics to achieve mutual success.

Keep in mind that both sides should be open to communication, reachable, adaptable, provide reciprocity, and have quantifiable results. These characteristics are essential for making the most of your collaboration arrangements.

Therefore, (C) without the other partners' consent, partners in a partnership are not allowed to compete with one another.

Know more about partnerships here:

brainly.com/question/25012970

#SPJ4

6 0

1 year ago

Bay City uses the purchases method to account for supplies. At the beginning of the year the City had no supplies on hand. Durin

Rasek [7]

Answer:

Supplies Expenditure $600,000

Supplies Inventory $200,000

Explanation:

Calculation for the appropriate account balances related to supplies expenditures and supplies inventory :

Supplies Expenditure will be $600,000 because during the year purchased of $600,000 supplies were made.

Therefore Supplies Expenditure will be $600,000

Supplies Inventory will be:

Purchased supplies $600,000

Less used supplies $400,000

Balance =$200,000

Therefore Supplies Inventory will be $200,000

6 0

3 years ago