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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Able Towing Company purchased a tow truck for $90,000 on January 1, 2012. It was originally depreciated on a straight-line basis

attashe74 [19]

Answer:

$14,620.00

Explanation:

Depreciation on a straight line is constant throughout the useful.

For able towing, depreciation expenses for 2012 and 2013 will be

Depreciable amount = cost price - salvage value

=$90,000- $18,000= $72,000

Depreciation will be $72,000 /10 years which will be $7200 per year

For two years will be $7200 x 2= $14,400

At the beginning of 2014, the book value will be $90,000 - $14,400=$ 75,600

new salvage value beginning 2014 is $2500

Depreciable amount is $75,600- $2,500=$73100

use-life life is 5 years.

The depreciation rate for 2014 is $73,100 /5 years

=$14,620.00

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3 years ago

Eddie was surprised to learn that not everyone would receive a bonus this year instead management plan to

dmitriy555 [2]

Eddie's company is using a forced ranking performance review system.

<h3>What is forced ranking?</h3>

Forced ranking, the contentious practice of grading employees against one another rather than against performance criteria, is all the rage in corporate America.
Employees are evaluated from best to worst depending on their performance in a system known as forced ranking.
This system can be used to find top talent, assist managers in identifying individuals who require growth, and give a framework for granting incentives and promotions.
This not only makes staff feel unmotivated and disengaged, but also fosters unneeded internal competition, which can be harmful to synergy, creativity, and innovation and divert attention away from marketplace fulfillment.

Therefore, Eddie's company is using a forced ranking performance review system.

Know more about forced ranking here:

brainly.com/question/6626507

#SPJ4

The correct question is given below:
Eddie was surprised to learn that not everyone would receive a bonus this year. Instead, management planned to rank all of the employees in Eddie's division and award bonuses only to the top 20 percent in terms of sales. Eddie's company is using a(n) ______ performance review system.

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2 years ago

Which is an example of an expense control strategy?

lana66690 [7]

Answer:

Explanation:

Unfortunately cutting or reducing production, or reengineering at all.

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3 years ago

True/False: The most accurate method to calculate the amounts in a budget is to apply a specific percentage of increase or decre

Dafna11 [192]

Answer: The Answer is False