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
myrzilka [38]
3 years ago
9

Suppose Rosa is a sports fan and buys only baseball caps. Rosa deposits $3,000 in a bank account that pays an annual nominal int

erest rate of 10%. Assume this interest rate is fixed—that is, it won't change over time. At the time of her deposit, a baseball cap is priced at $15.00. Initially, the purchasing power of Rosa's $3,000 deposit is ___ baseball caps.
Business
1 answer:
frutty [35]3 years ago
8 0

Answer:

Purchasing power of Rosa's $3,000 deposit is <u>200</u> baseball caps.

Explanation:

Purchasing Power = Money / Price

Eg : If Rs 100 is available, Price level = Rs 10

Purchasing power = 100/10 = 10

Similarly , Purchasing power of $3000 deposit with price level $15 is :-

3000/15 = 20 Baseball caps

You might be interested in
As a general rule, large teams make need satisfaction for individuals more difficult. (1pts)
dimulka [17.4K]

Answer: true

<span>The larger the  people on a team, the larger the potential interactions of people with different personalities .  If the team is  not  composed of a right combination of  people, need satisfaction for individuals are more difficult and the higher  the chance that a project  can become frustrating. </span>

6 0
3 years ago
What is the fourth step in the research process?
nataly862011 [7]
I believe the fourth step is to 'Evaluate Your Sources'. As In for example, writing down all websites you have used to find info for a project.
4 0
3 years ago
Read 2 more answers
George noticed that some of the top salespeople on his team were spending more time checking their phones than contributing to t
Yanka [14]

Answer:

The answer is "the s ucker effect"

Explanation:

Please find the image.

Some people work extremely hard but lose their drive when they see other riders who are not riding in the community. It won't fit, that's exactly what's happening here. After noting other people who did not carry out the initiative, he also began using his telephones and placed down his paper pad. It is also an operation, for which a person works less than a like independent member, as a group member.

4 0
3 years ago
Compute the price of a 6.3 percent coupon bond with 15 years left to maturity and a market interest rate of 7.0 percent. (Assume
IgorC [24]

Answer:

Price of the Bond = $935.63

Explanation:

N = 15 x 2 = 30

I/Y = 7.0%/2 = 3.5%

PMT = 6.3% x 1000 / 2 =  31.5

FV = 1000

Using the Ms Excel Function

Price of the Bond = PV(N, I/Y), PMT, FV)

Price of the Bond = PV(30, 3.5%,  31.5, 1000)

Price of the Bond = $935.6278411

Price of the Bond = $935.63

5 0
3 years ago
What type of account is Discount on Bonds Payable and what is its normal​ balance? A. Reversing​ account; Debit B. Contra​ liabi
tresset_1 [31]

Answer:

B. Contra​ liability; Debit

Explanation:

Discount on the bond is contra liability account and it has debit balance because liabilities normally have a credit balance, so the contra account of liabilities must have a debit balance.

Discount on Asset is reported under the bond payable value. The net payable on the bond is calculated by deducting the discount on bond value from the bond payable value ( usually face value of the bond. )

6 0
3 years ago
Other questions:
  • What occurs over time as a result of inflation? Check all that apply. Interest becomes worth less money. The dollar’s value beco
    10·2 answers
  • Maquoketa Services was formed on May 1, 2017. The following transactions took place during the first month.
    14·1 answer
  • If he wanted the cash award of each of the five prizes to be $45,000 and his estate could earn 7% per year, how much would he ne
    11·1 answer
  • Independent surveys suggest that companies cannot easily quantify the effects of diversity. How would you suggest that Alliant m
    6·2 answers
  • Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor
    7·1 answer
  • Expliquen la siguiente frase:
    8·1 answer
  • g jimmy is an employee of Roofing, Inc., which is performing a contract for the federal government. Jimmy learns that Roofing, I
    9·1 answer
  • Maria is the risk manager for a large organization and is evaluating whether the organization should purchase a fire suppression
    15·1 answer
  • Why do people call buildings buildings if they are already built.
    6·1 answer
  • A $63,000 machine with a 7-year class life was purchased 2 years ago. The machine will now be sold for $50,000 and replaced with
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!