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3 years ago

14

Bill lends Joann $1,000 for a year at a nominal interest rate of 6%. If both Bill and Joann expect the inflation rate to be 3

% next year, then the real rate of interest is

1 answer:

Kamila [148]3 years ago

7 0

the answer would be 3%

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Sonia creates tests for judging product safety and advises companies about how to reduce harm from use or misuse of the product.

MAVERICK [17]

Answer:

I think is Material Engineer.

Explanation:

8 0

2 years ago

If the liabilities of a business are Rs.7,50,000 and the capital is Rs. 8,50,000. Find the total assets.

Jlenok [28]

Rs 1600000

Explanation:

accounting equation= asset= liability+capital

3 0

3 years ago

On January 1, 2020, Pina Corporation sold a building that cost $263,240 and that had accumulated depreciation of $101,140 on the

Firlakuza [10]

Answer:

Gain from sale = $23,067

Explanation:

the none interest bearing note must be recorded at present value:

present value of the note = face value / (1 + r)ⁿ

face value = $253,240
r = 11%
n = 3

PV = $253,240 / (1 + 11%)³ = $185,167

the note receivable must be recorded at $253,240, but $68,073 will be recorded as interest revenue.

the journal entry for the transaction should be:

January 1, 2020, sale of a building:

Dr Notes receivable 253,240

Dr Accumulated depreciation 101,140

Cr Building 263,240

Cr Interest revenue 68,073

Cr Gain from sale 23,067

8 0

3 years ago

Mrs. Jones, an appraiser, is appraising a single family residence for which she has located six comparable properties, all sold

Llana [10]

Available Options are:

1 Cost approach

2 Market data approach

3 Income approach

4 Gross rent multiplier

Answer:

Market data approach

Explanation:

The Market data is more relaible source to finding the home's market value. As in the given scenario, it is evident that the property is not an investment property, hence it is more appropriate to find the asset's value using the market data rather using the rental value to compute the value of the asset.

5 0

3 years ago

Read 2 more answers

When preparing a merchandise purchases budget, the required purchases in units equals: Select one: a. budgeted unit sales + begi

miskamm [114]

Answer:

b. Budgeted unit sales - beginning merchandise inventory + desired merchandise ending inventory.

Explanation:

Since, the total purchases in units means the number of units that the company needs to buy after maintaining the necessary closing inventory to meet the budgeted sales. The total units required should therefore be equal to the total of the budgeted sales units and the units for the closing of inventory.

Also, if the opening inventory exists out of the total units required, then that number of merchandise does not need to be purchased as it already exists.

Therefore to reach the required purchase unit we need to add budgeted unit sales and desired merchandise ending inventory and deduct the beginning merchandise inventory.

So, the correct option is b.

8 0

3 years ago