This began to change when president Truman started a campaign called the trust buster
Truman passed endless laws like the meat inspection act and he made monopolies illegal.
Beatniks were also influential in Truman's time for writing novels exposing this reality.
Year 1900 to be approximate
Based on the nominal interest rate and the real interest rate, the inflation rate must be 10%.
<h3>What is the inflation rate?</h3>
The inflation rate is the difference between the nominal rate and the real interest rate.
It can be found as:
= Nominal rate - Real interest rate
Solving gives:
= 18% - 8%
= 10%
In conclusion, the inflation rate is 10%.
Find out more on inflation rates at brainly.com/question/25877453.
Answer:
A: A collection of computers that are linked together
Explanation:
Answer:
Contingent liabilities refer to those obligations which might arise in the near future based upon the happening or non happening of a certain event and it's outcome.
Such liabilities are recorded if there is likeliness of an event happening and when they can be reasonably quantified and estimated.
In the given case, the automobile manufacturer will probably be required to recall it's products. The amount can be estimated.
In such cases, such expense is to be recognized in the income statement and at the same time a liability for such expenses needs to be created in the balance sheet. Product recall refers to replacement of defective products by the manufacturer. It is similar to a warranty.
Reporting on Dec 31 would be as follows,
Warranty Expense A/C Dr. $2.5
To Warranty Liability $2.5
(being product recall liability for for 2.5 million created)
Answer:
$15.91
Explanation:
The computation of the current market value is shown below:
Year Dividend PV factor at 17% Present value or PV
A B A × B
1 $1.25 0.8547 1.068375
2 0.7305 0
3 $1.25 0.6244 0.7805
4 $25 0.5337 13.3425
Current market value $15.91
Refer to the discounting factor or present value factor table
Hence, the current market value is $15.91
