The complete question has been added with an image for better understanding of the concept. The beneficiaries of the inflation and interest rates will be,
- When inflation is 1 percent, Diane will benefit more than Jack;
- When inflation is 0 percent; Diane will benefit more than Jack;
- When inflation is 4 percent; Jack will benefit more than Diane;
- When inflation is -2 percent; Diane will benefit more than Jack.
<h3>What is inflation?</h3>
A given increase in rates or prices of any commodity, including monies, over a particular financial period is known as inflation.
The rates and beneficiaries due to the unexpected change in inflation for the above situation is given attached in the image in the form of a table.
Hence, the significance of inflation is as mentioned.
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The answer to this question is what we called the low cost strategy. The low cost strategy is a type of pricing strategy where in the company offers a very low price for its products and services in order to produce more goods and service. The price for this strategy is more cheaper than the competitors.
Higher revenues – demand from positive consumer support.
Improved brand and business awareness and recognition.
Better employee motivation and recruitment.
Answer:
Net worth = $169,900
Explanation:
Patricia's net worth is the difference between her assets and liabilities. It is an important measure to guage the financial health of an individual or business.
Total assets= 4,600+ 134,000+ 58,000+ 74,000
Total assets= $270,600
Total liabilities= 6,700+ 94,000
Total liabilities= $100,700
Therefore Net worth= 270,600- 100,700
Net worth = $169,900