Answer:
b. 3 percent.
Explanation:
Real interest rate is nominal interest rate less expected inflation rate.
Real interest rate = nominal interest rate - expected inflation rate
8% - 5% = 3%
I hope my answer helps you
Answer:
Explanation:
The accompanying subjective components are to be considered for assessing materiality:
Errors that are minor may be material if there are plausible result emerging from the authoritative commitment.
Errors that are unimportant may be material in the event that they influence a pattern in the income.
Sum including the extortion are generally viewed as significant than accidental mistake proportional to the dollar sum.
Answer:
Never, you will continue to be in debt
Explanation:
the interest per month are 1% of the unpaid amount:
3,000 x 1% = 30 interest per month
the minimum payment is 30 dollars
Therefore, by doing the minimum payment we are just coering the interest generated per month we are not doing any amortization on the principal Hence we cannot repay the debt.
Answer: any accounting guidance included in the FASB Codification
Explanation:
GAAP is an acronym that implies generally accepted accounting principle. They are the rules that are used in accounting to guide businesses and corporate bodies.
It should be noted that the GAAP is used by The Financial Accounting Standards Board as the basis for its practices. Therefore, GAAP comprises of any accounting guidance included in the FASB Codification.
