On January 1, 2017, the merchandise inventory of Glaus, Inc. was $1,600,000. During 2017 Glaus purchased $3,200,000 of merchandi
se and recorded sales of $4,000,000. The gross profit rate on these sales was 25%. What is the merchandise inventory of Glaus at December 31, 2017? a. $800,000.
Norminal interest rate is an economic terminology used to describe the interest rate of an economy before considering or adjusting the impact of Inflation on the economy.
Real interest rate is the interest rate of an economy obtained after adjusting the impact or effects of the Inflation. This will reveal the actual cost of borrowing and the yield to the lender of the money.
