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Alekssandra [29.7K]
3 years ago
9

Suppose people expect inflation to equal 3 percent but in fact, prices have risen by 5%. Describe how this unexpectedly high inf

lation would help or hurt these individuals?
a. The US government
b. A homeowner with a fixed-rate mortgage
c. Union Worker in the second year of a fixed raise labor contract.
d. A college that has invested some of it endowment in government bonds.
Business
1 answer:
makkiz [27]3 years ago
5 0
The answer is d
if not let me know and im sorry (:
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Frequently, project managers lack legitimate power based upon position and instead resort to persuading others based upon person
love history [14]

Answer:

B. referent power is the correct answer.

Explanation:

  • Referent power is the capability of a leader who has the power to influence and motivate followers.
  • Referent power is power gained by those individuals who have influential and effective interpersonal relationships abilities.
  • The advantage of referent power is that the referent leader has the ability to motivate and inspire the workers to be dedicated to their works.
5 0
2 years ago
Shen has plans to go to an opera and already has a $100 nonrefundable, nonexchangeable, and nontransferable ticket. Now Valerie,
iren [92.7K]

Answer:

3. Correctly ignored a sunk cost

Explanation:

Sunk costs refer to those costs which have been incurred in the past, which are non recoverable and which have no current or future benefits.

Sunk costs are considered as irrelevant for decision making process as they do not relate to current period and have no future implications. For example, research and development expenditure incurred in the past represents a sunk cost.

In the given case, the ticket for opera was already purchased for $100 which can now neither be recovered nor transferred. Thus this cost is irrelevant for decision making as expenditure has already been made. When Shen decided to go for a party instead of the concert, Shen has correctly ignored a sunk cost.

7 0
3 years ago
On the last day of October, Wicker Company borrows $120,000 on a bank note due in 90 days (3 months) at %11 percent. Interest is
rodikova [14]

Answer:

interest expense 3,000 debit

   interest payable       3000 credit

Explanation:

We will recognize the accrued interest for the period Nov 1st to Dec 31th

 principal   x   rate     x    time

  120,000   x 11%/12   x 3 months = 3,000

We divide the rate by 12 as there is express as annual rate and we need to match with time, which is months.

The entry will recognize interest expense for 3,000

and interest payable for 3,000

3 0
3 years ago
At Richardson Manufacturing Company, there are two factors that determine the cost of health care. If an employee makes less tha
OLEGan [10]

Answer:

15%

Explanation:

Catherine is a departmental manager at Richardson

She earns $68,300 every month

She has family health care

Her employer contributes $935 every year towards total coverage Cost

The first step is to calculate the total contribution

Catherine rate for health care is $165 since her monthly pay is higher than $55,000

Total contribution = $165 + $935

= $1,100

Therefore the percent in which Catherine contributes towards total coverage can be calculated as follows

= 165/1,100 × 100

= 0.15 × 100

= 15%

Hence Catherine contributes 15% towards the total coverage

8 0
3 years ago
Franklin Aerospace has a quick ratio of 2.00x, $38,250 in cash, $21,250 in accounts receivable, some inventory, total current as
postnew [5]

Answer:

Over the past year, the company sold and replaced its inventory 31.37x

Explanation:

In order to calculate how often did Franklin Aerospace sell and replace its inventory we would have to calculate first the inventory with the following formula:

Current assets=cash+inventory+account receivables

inventory=Current assets-cash-account receivables

inventory=$85,000-$38,250-$21,250

inventory=$25,500

So, to calculate how often did Franklin Aerospace sell and replace its inventory we would have to calculate the Inventory turnover ratio as follows:

Inventory turnover ratio=sales/inventory

Inventory turnover ratio=$800,000/$25,500

Inventory turnover ratio=31.37x

Therefore, over the past year, the company sold and replaced its inventory 31.37x

6 0
3 years ago
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