Answer:
Indication of correct terms:
a. The reward a saver expects on loaned funds: 3. Interest rate
b. The cost a borrower pays for loaned funds: 3. Interest rate
c. The -difference between the real interest rate and the nominal interest rate: 1. Inflation rate
d. The percentage of disposable income that is kept as personal savings: 2. Saving rate
e. The term that indicates most people need to be incentivized to save: 4.Time preference
f. The result consumption exceeding income over a particular period: 5. Dissaving
Explanation:
1. Inflation rate is the ratio of the change in the prices of goods when compared with an indexed figure.
2. Saving rate is the ratio of savings kept behind from disposable income earned. It shows the ratio of income not consumed when earned.
3. Interest rate is the ratio of the amount that is saved or loaned out that people would receive in order to incentivize them to save or lend and prefer the same amount today and in future.
4. Time preference is a term that shows that people value an amount of money today more than they value the same amount received in future. So, they would rather spend that amount today than spending it tomorrow.
5. Dissaving is spending more than income and even tapping into or consuming from the savings account.
It's somewhat see through
Airlines that offer lower fares on seats shortly before a flight's departure date to fill empty seats are utilizing dynamic strategy which is a form of dynamic pricing. Real-time pricing, often known as dynamic pricing, is a highly adaptable method of determining a product's or service's price.
Dynamic pricing aims to enable businesses who offer products or services online to quickly modify prices in response to consumer demand. A pricing approach called "dynamic pricing" substitutes variable prices for fixed ones.
The fundamental tenet of the dynamic pricing model is to provide the same product to various customer segments at various costs. According to the number of individuals interested in particular products, dynamic pricing is a means to reflect changes and boost revenue .
To learn more about Dynamic pricing , click here
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Answer:
1.- Without Retrospective effect
2.- No as it comes from a change in estimations not an accounting error.
3.- yes. It will give a full explanation about the reasons to extend the useful life.
4.- Depreciation expense for 2021: 60,000
Explanation:
1.- The change in the useful life does not represent an accounting error. It comes from the estimation process.
800,000 - 160,000 x 2 = 480,000 book value at beginning 2021
480,000 / 8 new useful life = 60,000 depreciation per year.
