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3 years ago

The inflation rate, as measured by CPI, should remain at or below _______% to achieve price stability.

Business

1 answer:

Sophie [7]3 years ago

3 0

Answer:

Explanation:

The average inflation rate for most countries is 2%. It is considered to be a healthy inflation rate, as inflation (a commonly referred negative issue) is normal in certain limits. It is important for inflation to remain healthy, as a higher inflation rate may imply a future inflation crisis coming.

This rate takes in account the consumer price index, which represents the average value of a consumer basket of goods and services.

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The following transactions occurred during a recent year:

Natasha_Volkova [10]

The Company's preliminary Net Income can be determined as $575.

Preliminary net income = Total Revenue - Total Expenses

= $575 ($4,230 - $3,655)

Revenue:

d. Sales Revenue $680

f. Service Revenue $2,870

i. Service Revenue $680

Total Revenue $4,230

Expenses:

a. Wages Expense $1,700

e. Utilities Expense $1,360

h. Travel Expense $115

k. Advertising Expense $480

Total Expenses $3,655

Thus, the company generated a preliminary net income of $575 for the period.

Learn more about determining net income at brainly.com/question/19850768

6 0

2 years ago

Hayleah is a california cpa practicing in california. to renew her license in active status, hayleah must to meet the basic requ

kenny6666 [7]

When performing work, there are specific requirements depending on which work Hayleah performs and these are B) Government auditing continuing education requirement

When dealing with governmental accounting:

There are certain rules that must be followed.
The specific rules imposed are to ensure better management of tax payer funds.

As a result, when a California CPA is involved in governmental work, specific rules known as the government auditing continuing education requirements will most likely apply.

In conclusion, option B is correct.

Find out more about different accounting standards at brainly.com/question/24441480.

7 0

2 years ago

Which of the following would most likely suffer the least from the costs of inflation?

Arturiano [62]

Answer:

B. Persons on fixed incomes.

Explanation:

Inflation is a general increase in prices and fall in the purchasing value of money, therefore, a person with a fixed income will not be affected.

8 0

3 years ago

Qriosity inc. comes out with a new antivirus program and prices it at half price to attract buyers. the company is using _______

Talja [164]

The company is using market-penetration pricing.

6 0

3 years ago

Sarah's house caught on fire. Through the prompt assistance of her neighbor Odessa, the fire was quickly extinguished. In gratit

Zepler [3.9K]

Answer:

To enforce this promise we need to analyse whether there has been any agreement or contract between Sarah and Odessa and whether the same can be enforced.

Explanation:

In Sarah's case, her offer to gratuitously pay the neighbor for assisting in the house fire is not an enforceable contract. When the neighbor rushed to help in the fire, the offer to pay $1,000 had not yet been extended. When Sarah did extend the offer to pay $1,000, there was no consideration exchanged between both parties. The consideration, putting out the fire, had already occurred without the offer or acceptance of a contract.

Consider an alternate scenario. Sarah's house was on fire, and she could not wait for the fire department. She ran to her neighbor's house, begged for help, and offered $1,000 in exchange for neighbor's assistance. After hearing Sarah's plea, the neighbor agrees to assist in extinguishing the fire. This constitutes a contract; an offer, consideration, and acceptance.

3 0

3 years ago