Answer:
The statement is True
Explanation:
A higher price level is a term that describes an economic condition in which more money is required to purchase a given amount of goods and services, at a given period, tland this leads to inflation overtime.
However, with a higher expected price level, it implies that a decline in the real value of a constant nominal amount of money balances is expected. Thus, there is an high tendency among people to substitute away from holding money and toward holding non-liquid assets whose prices may rise with the in the foreseeable future.
<u>Solution and Explanation:</u>
The following is the incremental analysis :
<u>Particulars Retain machine Replace machine Net income </u>
<u>Increase / (Decrease)</u>
Operating costs $124500 $99000 25500
($124500 - $99000)
New machine costs - 25500 (25500)
Salvage value (Old) 10400 10400
Total $124500 $114100 $10400 <u>
Working notes:
</u>
Operating cost of retain machine is calculated by multiplying the estimated operating costs of old machine with the number of years. ($24900 multiply with 5 years = $124500).
Operating cost of replace machine is calculated by multiplying with the estimated operating costs of new machine with the number of years ($19800 multiply with 5 years = $99000).
<u>CONCLUSION:</u> using the old machine or the current machine costs higher than the purchasing of the new machine. Therefore, it is advised to replace the old machine with a new machine to save the cost.
Hello!
<h3><em><u>Answer:</u></em></h3>
I believe the correct answer is: The key principle to success in business is
<h3><u><em>Explanation: </em></u></h3>
Having a business plan can really help you expand your business and give it direction. You can also identify your weaknesses and strengths by preparing and planning, and be prepared for any future obstacles in your path.
In the <u>Confirmation</u> bias, a decision maker subconsciously decides something even before investigating, and then seeks information that supports the decision.
investigating indicates searching out and examine the particulars in an attempt to learn the facts about something hidden, unique, or complex. The definition of an investigation is careful research or examination. An example of an investigation is the FBI researching a criminal case.
A criminal investigation is an applied science that involves the study of facts that are then used to inform criminal trials. A complete criminal investigation can include searching, interviews, interrogations, evidence collection and preservation, and various methods of investigation.
learn more about investigating here
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