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11Alexandr11 [23.1K]
2 years ago
7

Assume the CPI increases from 100 to 110. Explain the impact of this inflation (helped, hurt, not impacted) on each of the follo

wing:
A surveyor who took out a 5% fixed-rate loan last year to buy new equipment.
A bank that awarded a 6% fixed-rate loan to a couple buying their first home.
A company signs a contract to clean classrooms at a fixed rate for the next 5 years. The company does not have a labor contract with its employees.
A union worker who received a 10% cost of living adjustment.
A student who currently earns 2% interest on her savings account.
Business
1 answer:
mr Goodwill [35]2 years ago
8 0

Inflation is the act wherein the general price level of the goods and services have sustained. It is also has a tendency to reduce the value of money when it is too high, but it also depends on the interest rate if it’s higher. Therefore the answers of these would be:

 

a. Considering the fixed rate of the new equipment, it would gain 4% 

b. Due to the loan, 4% would be lost. 

c. Lack of the documentation of the employees would allow the company to lose.

d. The result would be unchanged.

e. <span>The result would be the loss of 8%</span>

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The Office Supplies account had a balance at the beginning of year 3 of $4,000 (before the reversing entry). Payments for purcha
snow_lady [41]

Answer:

a. Office Supplies Expense a/c Dr. $750

Explanation:

We are provided that office supplies are recorded as an expense, in that case entry will be:

Office Supplies Expense A/c Dr.

                 To Cash A/c

After this, there is a valuation of closing balance of supplies in hand.

As per books = $4,000

As per inventory of supplies in hand = $4,750

The difference = $4,750 - $4,000 = $750

This will be recorded in Office supplies expense as in this account only the supplies are recorded.

Therefore correct option is

a. Office Supplies Expense a/c Dr. $750

4 0
2 years ago
Ethical behavior is a subset of which skillset?
Anna71 [15]

Answer:

C). Professional Conduct

Explanation:

Ethical behavior is characterized as the obedience of moral principles like fairness, honesty, and equity. Such behavior recognizes the individual diversity and offers equal rights and respect to the dignity and integrity of every individual. It is one of <u><em>the significant aspects of 'professional conduct' which promotes professionalism, healthy work relationships, mutual understanding, and maximize the output</em></u>. Thus, <u>option C</u> is the correct answer.

7 0
2 years ago
Which of the following is the most accurate statement regarding the federal budget?
hoa [83]
The Federal Reserve System controls the monetary policy in the United States. They influence short-term interest rates and also determine the size of the money supply. The Federal budget is very hard to balance and <span>has been a concern and is difficult to achieve. The President sends the budget to Congress who must approve it.
</span>
4 0
2 years ago
Breeze Inc. receives payment of $800,000 for 4 wind turbines that were delivered and invoiced on credit in the previous month. H
just olya [345]

Answer:

No impact on accounting equation of Breeze Inc.

Explanation:

Account equation: Asset = Liabilities + Shareholders' equity

Upon delivery and invoicing of the 4 wind turbines, the Breeze Inc. had recognized following journal entry:

An asset is recorded

Accounts receivable (Debit)

Sales (Credit)

Upon receipt of cash, accounts receivable is credited and cash is credited e.g. there is no impact on total assets, therefore there is no impact on accounting equation.

3 0
2 years ago
According to PCN analysis, which process region includes process steps in which one participant is acting on another participant
mamaluj [8]

Options:

A. Independent processing

B. Surrogate Interaction

C. Direct interaction

D. Resource processing

E. Process domain Interaction.

Answer:B. Surrogate Interaction

Explanation:

PCN(preassigned control number) PROGRAM is a program system designed to allow the Library of Congress to assign control numbers in advance of a publication to those titles which may be included to collections of materials in the Library. PCN number is only assigned to publishers in the United States of America.

Surrogate Interaction is a type of Interaction taking place in a PCN program where there are no direct interaction.

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2 years ago
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