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3 years ago

Nelly's grandparents are on a fixed income. Which of the following is true?

Business

2 answers:

elena-s [515]3 years ago

5 0

Answer:

Inflation causes their purchasing power to go down.

Explanation:

Inflation refers to the increase of the prices of products and services in the economy in a specific period. When the prices increase, the purchasing power people have decreases which means that they can buy less products and services. So, as Nelly's grandparents have a fixed income which means that the amount doesn't change, inflation which reflects the rise of the prices causes their purchasing power to go down as they are not able to buy the same quantity of products.

Vikentia [17]3 years ago

3 0

With Nelly's grandparents being on a fixed income, inflation will cause their purchasing power to go down. Since inflation causes prices to raise, they will not be able to purchases things like before. The correct answer is C.

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the builders of the transcontinental railroad used legal and illegal means to cut costs and finance construction. which phrases

jekas [21]

The builders of the transcontinental railroad used legal and illegal means to cut costs and finance construction. The Legal means are -

receiving government aid

overcharging the government for work

allowing poor and unsafe workmanship

selling stock in their companies.

What is a transcontinental country?

Transcontinental nations are nations which might be placed on more than one continent. they're also referred to as intercontinental states. The transcontinental countries are known to be a part of a particular continent but a portion of or its overseas territories lie in another continent.

How many transcontinental international locations are there?

Argentina, Australia, Chile, France, New Zealand, Norway, and the United Kingdom: those seven states claim portions of the Antarctic mainland (some of them overlapping), in addition to its associated islands south of 60°S latitude.

How do you use transcontinental in a sentence?

The railway has been constructed by way of the Mexican authorities as a transcontinental path for global trade. For transcontinental flights I have made aluminum sturdy containers. but the desire for Canadian harmony led the kingdom to assist a transcontinental line connecting Manitoba with jap Canada.

Russia is a transcontinental USA, a state which is located on a couple of continent. Russia spans the northern a part of the Eurasian continent; 77% of Russia's place is in Asia, the western 23% of the us of a is placed in Europe. ecu Russia occupies almost forty% of the full area of Europe.

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2 years ago

Consumers should be concerned about high interest rates because high interest rates __________.

svlad2 [7]

Consumers should be concerned about high interest rates because high interest rates equals to higher interest/ more money that needs to be paid.

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3 years ago

The contribution margin approach helps managers in short-term decision making because it ________

lana66690 [7]

The contribution margin approach helps managers in short-tern decision making because it reports costs and revenues at their current value.

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3 years ago

Read 2 more answers

An appliance manufacturer gives a warranty, and 95 percent of its appliances do not require repair before the warranty expires.

pentagon [3]

<u>Answer:</u>

<em>An</em><em> appliance manufacturer</em><em> gives a warranty, and 95 percent of its appliances do not require repair before the warranty expires. An </em><em>organization buys</em><em> 10 of these appliances. The interval that contains 95.44 percent of all the appliances that will not require repair is (8.12, 10.88)</em>

<u>Explanation:</u>

Here we can calculate the confidence<em> interval for a proportion </em>of 0.95 and a sample size of 10. Note that the critical value for 95.44% confidence is 1.9991.

Between 81.22% and 108.78% of 10 units is 8.12 and 10.88 units. Therefore the <em>confidence interval is:(8.12, 10.88).</em>

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4 years ago

A business owner makes 50 items a day. He spends 8 hours in producing those items. If hired elsewhere he could have earned $10 a

iVinArrow [24]

Accounting profits for the month = $4,000.

<h3>What is production?</h3>

In order to create anything for consumption, several material and immaterial inputs are combined during the production process.
It is the process of producing output, a good or service that has value and enhances people's usefulness.

<h3>What are profits?</h3>

The difference between an economic entity's revenue from its outputs and the opportunity costs of its inputs is what is known as a profit.
It is equivalent to total income less total expenses, which includes both direct and indirect expenses.

<h3>Solution -</h3>

Production happens 7 days a week.

Let,s tale 28 days in a month (4 weeks in a month)

50 items are produced every day and each costs $10.

50 × 10 = $500 (Daily sale)

Monthly sale = 500 × 28 = $14,000 (Monthly revenue)

Cost of production per month = $10,000.

Profit = 14,000 - 10,000 = $4,000.

Therefore, accounting profits for the month = $4,000.

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2 years ago