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3 years ago

You are concerned about inflation eroding your college savings. You should put your money in an account that offers

Business

1 answer:

SVETLANKA909090 [29]3 years ago

6 0

Answer:

Option B

Explanation:

In simple words, the given case relates to the time value of money. As the inflation in the economy rises the price level also rises leading to lower value of the money in the accounts.

If a depositor gets interest on his or her savings more than the inflation rate than they will get their money worth as per the standards of the inflation. Thus, we can conclude that the correct option is B.

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When both parties agree to definitize a contract change before the work is begun, the change is made contractually through a ___

jek_recluse [69]

Answer:

Supplemental agreement

Explanation:

A supplemental agreement is an agreement which is modified (but not replaced and/or rearranged) with the mutual understanding and consent of both the parties involved. The binding spirit of the contract is not affected because of this modification, nor the mutual considerations to be transferred. The reason behind a supplemental agreement could be anything, it might be because for the inclusion of some important consequences that were previously left unmentioned, which could have increased the contractual inadequacy risk for both the parties or any reason detrimental to legal and/or financial capacity of the parties involved.

6 0

3 years ago

Charlie purchased land containing a large amount of trees for $225,000. He estimates the value of the land without the trees is

dolphi86 [110]

Answer:

Assuming Charlie uses the cost depletion method, his depletion expense for the year is $ 56,250

Explanation:

Depletion method is used to provide a depletion charge for assets which have a depletion nature in the usage of the resources such as mines, quarries and oil wells.

Depletion Charge = Cost /Expected Total Contents in Units × Number of Units taken in the Period

= $225,000 /1,000,000 × 250,000

= $ 56,250

3 0

3 years ago

During the current month, a company that uses job order costing purchases $50,000 in raw materials for cash. It then uses $12,00

Maksim231197 [3]

Answer:

Please see details below:

Explanation:

Raw materials inventory $ 50.000

Cash $50.000

*this entry register the stock of the raw materials in the accounting system.

Factory Supplies $12.000

Raw materials inventory $12.000

*Some raw materials can be used as intermediate goods..

Finished Goods $12.000

Raw materials inventory $12.000

*Some raw materials can be used as Finished goods..

5 0

3 years ago

What is the disadvantage of getting line managers to recruit for a firm?

tankabanditka [31]

Answer: B) They have to take time out from their actual jobs.

Explanation: Line managers are often referred to personnels in an organization who are in charge if a particular department or sector and hence, charged with the responsibility of handling and overseeing the performance of particular employees and output of his or her department. This puts line managers in a position of knowing the employees in his or her department, what the department needs in terms of personnel in other to raise and drive productivity. However, charging line managers with the responsibility of recruiting for the organization will result in the disruption of their actual job role and will definitely have to take time out in other to facilitate the recruitment process which will definitely have an effect on their performance and actual duty.

3 0

3 years ago

Suppose the price of apples goes up from $22 to $24 a box. In direct response, Goldsboro Farms supplies 1300 boxes of apples ins

tamaranim1 [39]

Answer:

Elasticity of supply=3.3>1, there for the supply is elastic

Explanation:

Elasticity of supply can be defined as a ratio that can be used to test the sensitivity of supply due to a change in price.

The formula can be expressed as;

Elasticity of supply=Percentage change in quantity supplied/Percentage change in price

where;

Percentage change in quantity supplied=((Final quantity supplied-Initial quantity supply)/(Initial quantity supplied))×100

Final quantity supplied=1,300 boxes

Initial quantity supplied=1,000 boxes

Percentage change in quantity supplied=(1,300-1,000)/1,000=300/1,000

Percentage change in quantity supplied=(0.3×100)=30%

Percentage change in price=((Final price-Initial price)/(Initial price))×100

Final price=$24

Initial price=$22

Percentage change in price=(24-22)/22=2/22

Percentage change in price=(1/11)×100=9.1%

With all the values calculated, the elasticity of supply can be calculated as follows;

Elasticity of supply=30%/9.1%=3.3

Elasticity of supply=3.3>1, there for the supply is elastic

7 0

3 years ago