Answer:
1. Deflation
-10%
2. In year 1 - 8 baskets
In year 2 - 8.9 baskets
3. The value of money increases
Explanation:
Deflation is a fall in general price levels. The price fell from $10 to $9. It indicates deflation has occured.
Inflation is a rise in price level.
Annual rate = (current year price - previous year price ) / previous year price
(9 - 10) / 10 = -0.1 = -10%
The annual change is negative because price level fell.
$80 would buy $80/$10 = 8 baskets of goods in year 1
$80 Will buy $80/$9 = 8.9 baskets of goods in year 2.
A fall in price levels increases the value of money because less money can buy the same basket of goods. Therefore, the purchasing power of money increases.
Answer:
A. Increasing the LIFO
Explanation:
The answer is A because since the prices have continued to increase the LIFO method means last in first out which would mean that the higher costing inventory bought recently would be used first compared to the ones bought before which were cheaper.
Therefore, the LIFO inventory would have an increasingly lower value which would lead to an increase in the reserve.
Complete question:
The _____ requires telephone companies to turn over customer information, including numbers called, without a court order if the Federal Bureau of Investigation (FBI) claims that the records are relevant to a terrorism investigation.
a. Cable Act of 1992
b. Electronic Communications Privacy Act of 1986
c. Gramm-Leach-Bliley Act of 1999
d. USA Patriot Act of 2001
Answer:
The USA Patriot Act of 2001 requires telephone companies to turn over customer information, including numbers called, without a court order if the Federal Bureau of Investigation (FBI) claims that the records are relevant to a terrorism investigation.
Explanation:
The United States PATRIOT Act is an U.S. Senate Statute that has been enacted by the United States , On 26 October 2001, President George W. Bush.
In reaction to the terrorist attacks of 11 September 2001, Congress enacted the USA Patriot Act. The Act gives broader power for federal agents to monitor and intercept messages for the reasons of law enforcement as well as for the gathering of foreign intelligence.
To protect and improve America, the United States PATRIOT Act 2001 includes sufficient tools required to interfere and deter terrorists.
Solving the dilemma of making infinity computers competitive. Infinity's computers produces notebook computers which are not significantly different from their competitors. The major weakness of the firm is that they have too many employees and they are only relying in just one product.