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max2010maxim [7]
3 years ago
9

What are consequences of rapid inflation?

Business
1 answer:
Black_prince [1.1K]3 years ago
3 0

The answers are

Savings accounts become less desirable because interest earned is lower than inflation

Individual purchasing power increases, which results in an increase in demand.

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On January 1, a machine with a useful life of five years and a residual value of $5,000 was purchased for $25,000. What is the d
emmasim [6.3K]

Answer:

c. $4,000

Explanation:

The computation of the depreciation expense for year 2 under straight-line method is shown below:

= (Original cost - residual value) ÷ (useful life)

= ($25,000 - $5,000) ÷ (5 years)

= ($20,000) ÷ (5 years)  

= $4,000

In this method, the depreciation is same for all the remaining useful life i.e $4,000 is charged for remaining three years

7 0
3 years ago
Insurance is the way a person or business is protected from :
nevsk [136]

Answer:

losing money

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Helps save you from the out of pocket expense if something bad were to happen.

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2 years ago
Blue Co. has a patent on a communication process. The company has amortized the patent on a straight-line basis since 2014, when
raketka [301]

Answer:

Appropriate patent amortization expense = $10 million

Explanation:

As per the data given in the question,

Annual amortization expense = Cost ÷ Time

= $36 ÷ 9

= $4 million

Year 2018 Amortization Expense 4 Years = $4 million × 4

= $16 million

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7 0
2 years ago
How does a monopoly's demand for labor shift if a second firm enters its output market and the result is a cournot duopoly equil
shusha [124]

Answer: The demand is shared with the new company that enters the market.

Explanation: The Cournot duopoly is an imperfect competition model, that is, the law of supply and demand is not freely used, in which two companies with equal costs compete with homogeneous goods in a static environment, that is, with the same characteristics.

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2 years ago
Explain the most well-known service provided by insurance companies. *
earnstyle [38]

Answer:

Car insurance

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Everybody drives a car.

6 0
2 years ago
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