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2 years ago

During a time of inflation, what happens to the value of the dollar?

Business

1 answer:

sleet_krkn [62]2 years ago

4 0

Answer:

The impact inflation has on the time value of money is that it decreases the value of a dollar over time. ... Inflation increases the price of goods and services over time, effectively decreasing the number of goods and services you can buy with a dollar in the future as opposed to a dollar today.

Explanation:

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Uncle Tupelo's Gifts signs a three-month note payable to help finance increases in inventory for the Christmas shopping season.

ladessa [460]

Answer:

Interest expense --------$1,500

Interest payable-------------- $1,500

Explanation:

Given the following ;

Amount of note signed = $75,000

Annual interest rate = 12% = 0.12

Date signed = November 1

Calculate interest expense to be made in the adjusting entry by December 31 :

NOTE: No entries have been made previously for the interest expense

Monthly Interest = (Amount × rate) ÷ 12

Monthly interest = ($75,000 × 0.12) ÷ 12

Monthly interest = $9000 ÷ 12 = $750

November 1 to December 31 = 2 months

$750 × 2 = $1500

Interest expense = $1,500

3 0

3 years ago

E10-12 The following are selected 2017 transactions of Pedigo Corporation.

kap26 [50]

Entries are given.

DATE ACCOUNT TITLES DEBIT CREDIT

Dec 31,2019 No entry 0

No entry

(Considering that goodwill has an 0

infinite existence, goodwill should

not be amortised.)

Dec 31, 2019 Patent Amortization $10,000

[$75,000×(1/5)×(8/12)] patents

(To record patent amortizations for $10,000

8 months)

To know more about Entries:

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6 0

1 year ago

__________________ represents the total benefits offered to consumers through a channel of distribut

bezimeni [28]

A retail value chain represents the total benefits offered to consumers through a channel of distribution

7 0

3 years ago

Land of Many Lakes (LML) sells butter to a broker in Albert Lea, Minnesota. Because the market for butter is generally considere

Mice21 [21]

Answer:

A. can choose the quantity of butter that it produces but not the price at which it sells its butter.

Explanation:

Taking into consideration the characteristic of the market explained in the exercise we would say that it is a Competitive Market.

One of the characteristics of a Perfect Competitive Market is that the price of the products is determined by the market, which means that no single seller can't change or influence the price on its own.

Hope it helps. Good luck.

3 0

2 years ago

Fundamental analysis shows that stock in Cedar Valley Furniture Corporation has a price that exceeds its present value. Group of

barxatty [35]

Answer:

The correct option is :

This stock is overvalued; you shouldn't consider adding it to your portfolio.

Explanation:

The stocks that are in cedar valley corporation has a price that exceedes its present value from this statement the first given option doesn't justify as the stocks rates are not undervalued.

Now, in the second option its again given that the stock will be overvalued which is true but it should be added to the portfolio is not correct. so, this option is not considered.

In the third option it mentions that stock is overvalued which is the correct option and also that it shouldn't be added in portfolio.

And the last one states that its undervalued which restricts the option at this point only.

So, third option is correct.

5 0

3 years ago