The difference between a nominal interest rate and the rate of inflation is the __

Food For Less (FFL), a grocery store, is considering offering one hour photo developing in their store. The firm expects that sa

Sunny_sXe [5.5K]

Answer:

a. and. d

Explanation:

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3 years ago

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Depreciation expense is added back to net income when preparing the cash flow from operating activities section because deprecia

luda_lava [24]

Answer:

Depreciation expense is added back to net income when preparing the cash flow from operating activities section because depreciation represents a non cash reduction to net income. Depreciation is a non cash reduction because it notes down the the reduction in the value of an asset due to use as an expense and because the company isn't making any cash transactions due to depreciation of assets therefore it is a non cash expense and this is why it is added back to net income when preparing cash flow from operating activities.

Explanation:

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3 years ago

What is capital budgeting?

amid [387]

Capital budgeting is the process in which a business determines and evaluates potential expenses or investments that are large in nature. These expenditures and investments include projects such as building a new plant or investing in a long-term venture. Often times, a prospective project's lifetime cash inflows and outflows are assessed in order to determine whether the potential returns generated meet a sufficient target benchmark, also known as "investment appraisal

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4 years ago

Dogs R US uses the perpetual inventory system to account for its merchandise.

Lena [83]

Answer:

The journal entry for the return of the merchandise would be:

Dr Merchandise Inventory account 100
Cr Cost of Goods Sold account 100

The journal entry for the the cancellation of the debt would be

Dr Sales Returns and Allowances account 400
Cr Accounts Receivable account 400

Explanation:

A separate journal entry must be made for each transaction since the amounts are different.

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3 years ago

2. Identify the type of scale of measurement (nominal, ordinal, interval or ratio) appropriate for each of the following types o

nevsk [136]

Answer: Please refer to Explanation

Explanation:

A Nominal Scale is a scale where variables are grouped and categorized according to certain characteristics. You cannot perform normal mathematical functions on them such as addition, subtraction and the like.

Ordinal Scales are like nominal scale but in this case the variables can be ranked. You can have a first position and a last position.

An Interval scale is numeric and as such can be ordered. You can also perform mathematical functions on them. Interval scales have no true zero and an example is Temperature. That's why temperature can drop to the negatives.

A Ratio Scale is in many ways like an Interval Scale. The main distinguishing factor is that a Ratio Scale has a true 0. This means that at there is no number before 0 and at 0 level, the variable is considered finished.

Classifying the above therefore,

a. Star ratings of hotels.

ORDINAL because they can be ranked.

b. Sales revenues of companies.

RATIO because there is a true 0. At $0, there is no revenue.

c. Grades of officers in armed forces.

ORDINAL as it can be ranked.

d. House numbers in a street.

NOMINAL as the street numbers don't mean a house is higher ranked than another.

e. Prices of cars.

RATIO as there is a true zero. A car at $0 is free. Price cannot be below $0.

f. Classes of accommodation on passenger flights.

ORDINAL as it can be ranked according to treatment in the various classes.

g. Passport numbers.

NOMINAL as the different passport numbers are simply used for identification and cannot rank people.

h. Numbers in a rating scale on a questionnaire.

ORDINAL because the variables can be ranked from top to bottom.

i. Index numbers.

ORDINAL if the index can be ranked.

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4 years ago

The difference between a nominal interest rate and the rate of inflation is the ___.