1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Harlamova29_29 [7]
3 years ago
9

Darla puts her money into a bank account that earns interest. One year later she sees that the account has 6 percent more dollar

s and that her money will buy 7.5 percent more goods.a. The nominal interest rate was 13.5 percent and the inflation rate was 1.5 percent.b. The nominal interest rate was 6 percent and the inflation rate was -1.5 percent.c. The nominal interest rate was 13.5 percent and the inflation rate was 7.5 percent.d. The nominal interest rate was 6 percent and the inflation rate was 7.5 percent.
Business
2 answers:
Stella [2.4K]3 years ago
8 0

Answer: B. The nominal interest rate was 6 percent and the inflation rate was -1.5 percent

Explanation: From the above question, we can see that the nominal interest rate is the actual interest accrued on the account for the period of time the money was kept in the bank without considering any bank charges on the money.

The inflation rate is the percentage increase or decrease in price during a specific period. From the above question the inflation rate is -1.5 (6 - 7.5).

Annette [7]3 years ago
5 0

Answer: b. The nominal interest rate was 6 percent and the inflation rate was -1.5 percent.

Explanation:

Darla noticed a year later that the account had 6% more dollars than it did the year before. This means that there is a nominal interest rate of 6% because that is how much her dollars appreciated by.

The Inflation rate is the rate that measures the sustained increase in general prices of goods and services. Darla's money increased by 6% yet she was able to buy 7.5% more of goods because of that increase. If we remove her 6% gain then we can find out how much she can buy without the gain. Removing the gain would be 7.5 - 6 = 1.5.

Darla without the gain could buy 1.5% more goods. That means that prices must have dropped to enable her buy more goods than she could have with a certain amount of dollars. Seeing as inflation is a rate for an increase in prices, a decrease must be accounted for in the negatives. This means that the INFLATION RATE is -1.5%.

You might be interested in
After a recession when the economy starts to expand again, firms tend to?
labwork [276]

After a recession when the economy starts to expand again, firms tend to increase share repurchases faster than they increase dividends.

An economy is the area of ​​production, distribution, trade and consumption of goods and services. Generally, it is defined as a social domain emphasizing practices, discourses, and material expressions related to the production, use, and management of scarce resources.

Economy is defined as the management of community, business, or family financial matters. An example in economics is the US stock market system.

The economy is the system in which goods are produced and exchanged. Without a viable economy, the nation will collapse. There are three main types of economy: free market, command economy and mixed economy.

Learn more about economy here:brainly.com/question/1106682

#SPJ4

6 0
2 years ago
You have been hired by bizcom, a business communications consultancy that services many clients in different industries througho
Zigmanuir [339]

I recommend Bizcom to install <u>an extranet, to enable quick collaboration over the Internet, minimize the time spent communicating with the client, and minimize the amount of paperwork needed</u>.

<u>Explanation</u>:

Extranet is a kind of private network that helps organizations to exchange the information securely over Internet. The extranet can be used by vendors, suppliers and authorized set of customers to enable communication.

Internet helps in enabling quick collaboration and also reduces the paperwork. As all the information can be confidentially shared and stored using the Internet, the use of paper can be reduced. The time spent for communicating with the client can also be reduced.

In the above scenario, Bizcom has its consultants from various places. It is difficult to travel to every place and organize meeting. So installing an extranet can help them in keeping connected.

7 0
3 years ago
The degree to which a job is perceived to have a substantial impact on others inside or outside the organization is ________.
AURORKA [14]

The degree to which a job is perceived to have a substantial impact on others inside or outside the organization is Task Significance.

Task significance is defined as perception or believe that an individual's job implies a positive influence and well-being on other people. It states about the help provided to the work or other co-worker.

The impact created by this is characterized by support, help and optimizing the external work environment by an individual doing the job. It can be seen through giving opportunity to a particular employee to do the task.  

To learn more about Task Significance and other core job dimensions,

brainly.com/question/27328497

#SPJ4

6 0
1 year ago
Douglas Company issued 5-year bonds on January 1. The 12% bonds have a face value of $35,000,000 and pay interest every January
Blababa [14]

Answer:

Given:

12% bonds have a face value of $35,000,000

Bonds sold for $37,702,483 based on the market interest rate of 10%.

∴

The interest expense on July 1 can be computed as

Interest expense = Bonds sold × Effective market interest rate (\frac{10}{2} = 5%)

= $37,702,483 × .05 (1/2 of the effective interest rate)

= $1,885,124

⇒ The interest expense on July 1 is $1,885,124

4 0
3 years ago
The current assets of Sheridan Company are $292400. The current liabilities are $116960. The current ratio expressed as a propor
Varvara68 [4.7K]

The current ratio expressed as a proportion is 2.5

Explanation:

Given :

The current assets = $292400

The current liabilities are $116960.

To find :

The current ratio

Solution :

Current Ratio =

\sf{\dfrac{Current \: Assets }{Current \: Liabilities}}

\sf{\implies{\dfrac{292400}{116960}}}

\implies 2.5

Therefore, The current ratio expressed as a proportion is 2.5

4 0
3 years ago
Other questions:
  • A product is currently made in a process-focused shop, where fixed costs are $9,000 per year and variable costs are $50 per unit
    6·1 answer
  • The United States and the European Union are groups of semi-independent states that have come together under an agreement whereb
    10·2 answers
  • Boxer Company owned 16,000 shares of King Company that were purchased in 2016 for $440,000. On May 1, 2018, Boxer declared a pro
    11·1 answer
  • In January 2016​, currency held by individuals and businesses and​ traveler's checks was ​$1,347 ​billion; checkable deposits ow
    11·1 answer
  • Erin Brushwood sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue $
    12·1 answer
  • John Porter is an hourly employee of Motter Company located in New York City. This week, Porter had to travel to the company's r
    14·1 answer
  • Wilson Co. has three segments -- Tennis, Golf, and Fishing. The Tennis segment is currently producing 2,000 units annually. The
    12·1 answer
  • Suppose the demand function for good X is given by: Q_dx = 15-0 5P_x - 0.8 P y where Q_dx is the quantity demanded of good X, P_
    14·1 answer
  • ________ is another term for a defensive strategy.
    9·1 answer
  • If there is allocative efficiency in a purely competitive market for a product, the maximum price consumers are willing to pay i
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!