Answer:
a.borrowers gain at the expense of lenders.
Explanation:
Suppose the annual rate of inflation has been 3 percent during each of the last three years and that borrowers and lenders have come to expect this rate of inflation. If the inflation rate unexpectedly rises, then borrowers gain at the expense of lenders.
As inflation increases, two things happen
1. The amount of interest paid to lenders technically becomes of smaller value and lenders are loosing while borrowers are paying lesser
2. As inflation sets in, wages are increased to compensate for inflation and since the borrower already owed money before the inflation occurred, now he or she has more money in his or her paycheck to pay off the debt.
Answer:
Private Savings = $4 Trillion
Explanation:
Given that
GDP = Y = 15 Trillion
Taxes = T = 1 trillion
Consumption = C = 10 trillion
Recall that
Private Savings = Y - T - C
Therefore,
Private savings = 15 - 1 - 10
= $ 4 Trillion
Answer:
The correct answer to the following question is option C) $15,000 .
Explanation:
Harley signed and gave a blank check to the Pro accountants , and giving them them the authority to fill the amount by themselves but she had already came to an agreement with Pro accountant that the amount they would fill is $10,000 . But Pro accountants didn't do that, instead they filled the check for $15,000 , and gave the check to valley bank , now the valley bank has the full authority to enforce the full $15000 amount .
Answer:
the depreciation expense of the year 2020 is $18,870
Explanation:
The computation of the depreciation expense of the year 2020 is as follows:
= (Truck value - salvage value) ÷ (useful life) × (driven miles)
= ($109,700 - $4,200) ÷ (123,000 miles) × (22,000 miles)
= $18,870
Hence, the depreciation expense of the year 2020 is $18,870
According to a 2012 Forbes article, CareerCast released a list of the most stressful jobs. "Event coordinator" was listed as the 6th most stressful job.
The answer is sixth.
