PPP is a method of comparing the absolute purchasing power of currencies and, to some extent, the living standards of people in different countries.
<h3 /><h3>What is purchasing power parity?</h3>
Purchasing power parity (PPP) is a method of comparing the absolute purchasing power of currencies and, to some extent, the living standards of people in different countries.
It uses the prices of specific goods to compare the absolute purchasing power of currencies and, to some extent, the living standards of their people.
Therefore the above statement explains the purchasing power parity.
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Answer:
Equipment and vehicles.
Explanation:
A fixed asset is a long term asset that has a useful life of over one year, it is owned and used by a company to achieve its stated objectives. They are bought to generate income, and they are not meant to sell and not easily convertible to cash. Are categorized under noncurrent assets in the balance sheet.
Fixed assets have the following characteristics:
-They exist physically and, thus, are tangible assets.
-They are owned and used by the company in its normal operations.
-They are not offered by sale as part of normal operations.
Some examples are equipment, machinery, buildings, and land.
Answer:
Year Cashflow [email protected]% PV
$ $
1 150 0.8929 134
2 150 0.7972 120
3 150 0.7118 107
4 250 0.6355 159
5 300 0.5674 170 6 600 0.5066 <u>304 </u>
<u> 994</u>
Explanation:
In this case, we will discount the cashflow for each year at 12% per annum. The discount factor can be obtained by using the formula (1 + r)-n. Then, we will multiply the cashflows by the discount factors in order to obtain the present values. All the present values will be added up.
Answer:
(1) Shen spends $200 to purchase legal service from Rowan and Martin. Associates - Dollars
(2) Valerie spends $8 to order a mojito cocktail - Dollars.
(3) Shen earns $375 per week working for Little Havana - Inputs.
Explanation:
<em>(1) & (2) statements in the "Answer" above</em> are <em>purchase on cash </em>transactions. Hence, they imply the flow of <em>dollars</em> from the household to the firm.
<em>(3) statement in the</em> <em>"Answer" above</em> implies giving of <em>factor input labor services</em> by Shen to Little Havana. Hence, it indicates the flow of <em>inputs </em>from the household to the firm.
The type of consumer product that this represent is: Specialty product.
<h3>What is specialty product?</h3>
A specialty product is a consumer product that a person tend to buy or purchase because the product are specially made or because the buyer like the unique features of the product.
A consumer may choose to spend heavily on a product that are more expensive or tend to buy a particular products or brand because they like the product or because the product gives them what they want.
Inconclusion the type of consumer product that this represent is: Specialty product.
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