The big business competes based on mass production and, thus, lower prices. small businesses can compete based on personalized services and products
This is further explained below.
What is business?Generally, A person may earn a livelihood or make money via the practice of running a business, which entails the production of goods as well as their purchase and sale.
Additionally, it refers to "any activity or business undertaken with the purpose of generating a profit."
Production of considerable quantities of standardized goods in a continuous flow is the definition of mass production, which is sometimes referred to as flow production or continuous manufacturing.
This kind of production often takes place on assembly lines.
In conclusion, large corporations compete with one another via mass manufacturing and, as a result, reduced pricing.
Personalization of services and goods is an area in which smaller companies may compete successfully.
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The contribution approach to constructing income statements distinguishes between ______ costs.
The contribution approach to constructing income statements distinguishes between fixed and variable costs.
What is fixed and variable cost?Fixed cost can be defined as those cost that are constant and does not change or varies.
On the other hand variable cost is the opposite of fixed cost and can be defined as those cost that change or those cost that are not constant.
Some of the formula for contribution approach are:
Contribution Margin = Fixed Costs + Net Income
Contribution Margin Ratio = (Net Sales Revenue -Variable Costs ) / (Sales Revenue)
Therefore the contribution approach to constructing income statements distinguishes between fixed and variable costs.
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which of the following actions could cause a company's change in net working capital to be negative for a given year
"Borrow money from the bank using a note payable in nine months" could cause a company's change in net working capital to be negative for a given year. Option A
This is further explained below.
What is net working capital?Generally, The firm's net working capital is essential because it provides insight into the liquidity of the organization and reveals whether or not it has sufficient funds to meet its immediate financial commitments.
Liquidity is the degree to which an organization is able to meet its current and future financial obligations.
If the figure for the firm's net working capital is zero or greater, then the company is in a position to fulfill its current obligations. If the number is less than zero, then the company is not in a position to meet its current commitments.
In conclusion, If a corporation "borrows money from the bank using a note due in nine months," their change in net working capital for the given year might end up being negative. This is one scenario in which this is a possibility.
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Sparks inc. has a growing ________ market in the u.s. consisting of individuals and households that buy sparks' products for personal use.
Sparks inc. has a growing consumer market in the u.s. consisting of individuals and households that buy sparks' products for personal use.
What is a consumer market?This refers to the type of market when all individuals purchase their products or services for their own personal use. It is opposed to buying it to sell themselves. This market consist primarily of products that people use as part of their everyday lives.
Therefore, this leads to the conclusion that Sparks inc. has a growing consumer market in the u.s. consisting of individuals and households that buy sparks' products for personal use.
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Richards billed patients for $12,000 of services rendered. the appropriate journal entry to record this transaction is::______
The appropriate journal entry to record this transaction is Debit cash/ credit capital stock. Simply put, you debit an asset or expense account and credit accounts payable when you record a bill or invoice. You debit accounts payable and credit cash when you pay the invoice.
Accounts Payable vs. Accounts Receivable
Basically, accounts payable, or AP, is the sum of money that a company owes to suppliers or other creditors. Accounts receivable, usually known as AR, is the term used to describe unpaid invoices for goods or services that customers owe you money for. As a result, each transaction generates accounts payable and receivable for the buyer and the seller, respectively. Accounts payable, which represents money owing, is seen as a current obligation in accounting.
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The predicted reliability determined by the design of the product or process is called the _____ reliability.
The predicted reliability determined by the design of the product or process is called inherent reliability. Thus, option C is correct.
What is the design of the product?The design of a product can be defined as the wave the product is going to look at, it can be the internal product , or the outer packaging of the product.
It offers a cap on the level of responsiveness and dependability which could be attained.
One would never go beyond the efficiency and perform well, regardless of the number of assessments or services you carry out. Therefore, option C is the correct option.
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The question is incomplete, the complete question will be:
a. achieved
b. perceived
c. inherent
d. nominal
Charlie started auto repair company and contributed an automotive lift and other equipment he personally owned to the company. this equipment would be recorded at the current worth, called?
Charlie started auto repair company and contributed an automotive lift and other equipment he personally owned to the company. this equipment would be recorded at the current worth, called commerical transaction.
A commercial transaction needs to fulfil the following requirements: It must be for a certain amount of money (i.e., of a financial value) It must be backed up with a source text (e.g. sales invoice, official receipt, disbursement voucher, remittance advice, etc.) It must affect the components of accounting in two ways.
Identifying and analysing transactions, recording transactions in a journal, posting journal information to a ledger, and preparing an unadjusted trial balance are the first four processes in the accounting cycle.
The accounts are divided into asset accounts, liability accounts, capital or owner's equity accounts, withdrawal accounts, revenue/income accounts, and expense accounts, in accordance with the modern approach.
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The two primary decision-specific qualities that make accounting information useful are:________
The most important decision-specific characteristics that make accounting information helpful are relevance and faithful depiction.
Accounting data is the information that is recorded in the books of accounts and is utilized by management to make decisions. Financial statements are created using this data.
The information provided should be pertinent to the financial statement users and aid in their decision-making. Users may rely on the reported information to develop their opinions and make decisions because dependability guarantees that correct information is reported. According to the feature of relevance, the information must be both confirmatory and predictive in order for users to make and assess economic decisions. The type and substance of information have an impact on its relevance. A depiction would need to have three qualities in order to be an exact replica. It would be whole, impartial, and error-free.
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Do the wealthiest corporations receive a tax break in terms of a lower tax rate explain?
No, They are frequently investors who make the majority of their income from dividends, which have already been subject to normal taxation before being subjected to personal taxation at a lower rate, which is what the general public sees.
A corporation: What Is It?Unrelated to its owners, a company is a separate legal entity. Numerous legal rights and obligations apply to businesses just like they do to people. They are able to make agreements, lend and borrow money, file lawsuits and defend them, appoint personnel, possess property, and pay taxes. Corporate entities are sometimes referred to as "legal persons." Although the exact legal definition of a company varies from one state to the next, limited liability is usually the corporate form's most crucial feature. By receiving dividends and rising stock prices, shareholders can partake in the company's profits, but they are not personally responsible for the obligations of the business.
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Regardless of the specific organization design, in recent years many firms have been?
Regardless of the specific organization design, in recent years many firms have been transforming into flat organizations.
What are flat organizations?
A flat organization has a structure with few or no tiers of middle management between employees and executives.
The structure of an organization refers to the nature of the distribution of units and roles within it, as well as the nature of the interactions between those units and positions.
This determines the levels of communication, information distribution, management, and responsibility delegation. Learning more about various organizational structures, such as the flat model, can help companies run more efficiently and develop an effective chain of command.
Here, we describe a flat organizational structure, explore its benefits, who can use it, how to adopt it, and look at different types of organisational structures.
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In the circular flow model, households sell resources to, and buy products from _______.
In the circular flow model, households sell resources to, and buy products from Firms.
What happens in the Circular Flow Model?The Circular Flow Model shows how firms in the market interact with households. It shows how households are able to sell resources such as capital and labor to firms.
Firms then use these to produce goods and services which are then sold as products to the households.
In conclusion, households buy products from firms in the Circular Flow Model .
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The feeding relationships among the species in a community determine the community's?
In order to describe species interactions, food webs are created. The primary objective of food webs is to describe the relationships between animals that are fed within a community.
What is Feeding Relationships?
Each ecosystem's organisms are connected through their ties with their food sources. In every ecosystem, there are a variety of feeding connections, but energy always moves from primary producers to different consumers. Food webs and chains serve as representations of these feeding Relationships. A food chain is a succession of living things that exchange energy through eating and being eaten. Here is a food chain illustration from the video.
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For the last 10 years, megan has made regular semiannual payments of $1,624.13 into an account paying 1.5% interest, compounded semiannually. if, at the end of the 10 year period, megan stops making deposits, transfers the balance to an account paying 2.3% interest compounded monthly, and withdraws a monthly salary for 5 years from the new account, determine the amount that she will receive per month. round to the nearest cent. a. $616.39 b. $615.21 c. $39,079.25 d. $39,154.16 please select the best answer from the choices provided a b c d
At the end of the 10 year period, Megan stops making deposits, transfers the balance to an account paying 2.3% interest compounded monthly, and withdraws a monthly salary for 5 years from the new account, the amount $616.39 she will receive per month.
All you would like is your passport and money for the initial deposit. you will even be asked to point out proof of a German address. they're going to scan it and your account balance will update immediately! Find your nearest PENNY Market or Pam store (Pam supermarkets, Pam superstores, Pam Panorama and Pam local) within the N26 app and take a look at it.
Due to differences within the U.S. Unlike in Europe, where they're provided by MasterCard, N26 uses Visa cards for U.S. customers. A balance transfer allows you to transfer the balance from one mastercard or store card, where you'll be paying interest, to a different mastercard.
For example, moving your debt to a mastercard with a zero percent introductory APR offer in the end semiannual payments transfers is one strategy that might facilitate your reduction or pay off the debt, interest-free for the introductory period.
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About 33 percent of all small businesses fall into the _____ category of industry.
About 33 percent of all small businesses fall into the small category of industry. A small business in that sector is one with an average revenue of less than $16.5 million over the course of the previous three fiscal years.
Despite the fact that size standards differ per industry, they are typically determined by the quantity of employees or the average yearly revenue.
According to the Small Business Association, a micro firm is a subset of a small business that has fewer than 10 employees, whereas small enterprises can have up to 500 workers. In the retail industry, there are a lot of small enterprises.
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______ ownership of capital gives capitalism its name. multiple choice question. public private central board government
Private ownership of capital gives capitalism its name. The private ownership of the means of production and distribution in an economy, wherein private individuals control the economy, is known as capitalism.
Private capital is funding given to a firm in the form of a loan or equity investment that does not originate from an institutional source, such as a bank or government agency, or from the general public through the sale of stock on a stock market.
The choices of what to produce, how to produce, and for whom to produce are made completely by the private owners who own the factors of production in a capitalist system of economics.
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The institutions and officials organized to maintain public order, protect life and property, and provide public goods are called:____.
The answer is Government.
The institutions and officials organized to maintain public order, protect life and property, and provide public goods are called: government.
Describe a public good?A good or service that is provided to all members of a society is referred to as a public good in economics. Governments often handle the administration of these services, and taxes are used to pay for them all.
Law enforcement, national defense, and the rule of law are a few examples of public goods. Access to clean air and water are examples of more fundamental public goods.
It must be non-rivalrous and non-excludable, which are the two main characteristics that set a public good apart. When products are non-rivalrous, it means that their supply does not decrease as more people use them; when they are non-excludable, it indicates that all citizens can access them.
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Assume joseph spends his entire income on x and y, and his indifference curves have the usual convex shape. if joseph maximizes his utility, then :_________
Joseph's indifference curves are assumed to be the typical convex shape and he spends all of his money on x and y. If Joseph optimizes his utility, he will use up all of his available funds.
What is the short definition of money?
A fund is a collection of funds set aside with a specific goal in mind. In order to provide returns for its clients, funds frequently invest and properly manage their money. Foundations, endowments, insurance funds, and pension funds are a few examples of common forms of funds.
Where do the monies come from?
relates to the source of the specific cash or any other monetary instrument that is the object of the transaction between a financial institution and the consumer. The source and mode of money transfers that are approved for the account are an alternative definition of SOF.
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Assets and costs are proportional to sales. debt and equity are not. the company maintains a constant 35 percent dividend payout ratio. what is the sustainable growth rate?
Based on the constant dividend payout ratio, the sustainable growth rate can be found to be 13.3%
How to find the sustainable growth rate?First, find the Return on Equity:
= Net income / Equity
= 3,160 / 15,400
= 20.519%
The Sustainable growth rate is:
= Return on Equity x (1 - dividend payout ratio)
Solving gives:
= 20.519% x (1 - 35%)
= 13.3%
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Marketing is an activity that creates value for customers, clients, partners, and society at large. a firm does this by?
A consumer economy is driven by marketing, which influences marketing choices. By enabling businesses to supply the essential services and goods while also creating jobs that enable more people to buy more goods and services, it establishes a sustainable cycle.
The benefit of marketing for your company is that it engages consumers and helps them decide whether to purchase your goods or services. Additionally, your business plan's marketing strategy contributes to the creation and maintenance of demand, relevance, reputation, competition, etc.
One of the key reasons market value is significant is because it offers a clear technique for figuring out how much an asset is worth, eliminating any ambiguity or confusion. Customers and sellers frequently view a product's value differently in the marketplace.
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Under accrual accounting, the revenue recognition principle dictates that revenue should be recognized in the accounting records:______.
The revenue recognition principle dictates that revenue should be recognized in the accounting records when it exists earned. The revenue recognition principle dictates that revenue be determined in the accounting period in which it stands earned.
What is Revenue Recognition Principle?According to the revenue recognition principle, a company's revenues should be recorded as soon as the service or product is deemed given to the client rather than when the money is actually received. In the world of finance, an accrual is the accumulation of interest or various investments over time.
A corporation can use accrual accounting, a financial accounting technique, to record revenue before getting payment for goods or services sold, or expenses can be recorded as incurred before being reimbursed by the company. Accrual based accounting is the practise of recording transactions as they happen in the books of accounts, even if a payment has not yet been made or received for the relevant good or service.
The revenue recognition principle dictates that revenue should be recognized in the accounting records when it exists earned. The revenue recognition principle dictates that revenue be determined in the accounting period in which it stands earned.
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Answer:
1st
2rd
Explanation:
Michael works as a financial advisor in a doctors office. The two organizations that Michael most likely belongs to are the..
A. AFP and AMA
B. AFP and ACS
C. AMA and AIA
D. AIA and ACS
Michael works as a financial advisor in a health practitioner's office. the 2 agencies that Michael maximum possibly belongs to are the: A. AFP and AMA
A monetary adviser or financial advisor is a professional who offers economic services to clients based totally on their monetary state of affairs. In many nations, financial advisors should whole precise education and are registered with a regulatory body in an effort to provide advice.
A financial advisor is a professional who's paid to offer financial recommendations to customers. simply as you would hire an architect to create a plan for your house, you hire a financial marketing consultant to create a plan for your budget. it is all about paying a person for the know-how you need to reach unique goals.
A monetary guide will now not simplest set you up financially. they could help make choices on the most important existence adjustments like how tons maternity go away can you have the funds to take while having a child. They also can help maintain you on target financially while lifestyles throw you curve balls which include redundancy.
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What is an enterprise system application suite? describe the capabilities of the individual components of the application suite.
An application suite is a group of intra-company ERP systems and associated inter-company solutions. Suite providers, like SAP and Oracle, offer comparatively thorough sets of apps with a tonne of functionality that cover the majority of common business activities.
What is Enterprise system application suite?
Computer software used to meet the needs of an organisation rather than specific consumers is referred to as enterprise software, sometimes known as enterprise application software (EAS). Businesses, schools, interest-based user groups, clubs, charities, and governments are a few examples of these organizations. Enterprise systems, supply chain management systems, customer relationship management systems, and knowledge management systems are the four main enterprise applications.
An application suite is a group of intra-company ERP systems and associated inter-company solutions. Suite providers, like SAP and Oracle, offer comparatively thorough sets of apps with a tonne of functionality that cover the majority of common business activities. Supply chain management links a business to other businesses that provide the raw ingredients used in product manufacturing.
Systems for managing supply relationships typically oversee all interactions with suppliers. Systems for managing client relationships give businesses the ability to handle marketing, sales, and customer support. Systems for managing the product lifecycle assist businesses in managing the activities of product management, design, and research.
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An enterprise system application suite is a comprehensive software system that provides a wide range of capabilities to an organization. These capabilities are typically designed to support various business functions such as finance, human resources, procurement, and supply chain management. The individual components of an enterprise system application suite are designed to work together seamlessly, providing a comprehensive set of tools that can help an organization to manage its business operations more effectively.
The individual components of an enterprise system application suite typically include:
1. Financial Management: This component is designed to help organizations manage their financial transactions, including accounts payable, accounts receivable, general ledger, and financial reporting.
2. Human Resources Management: This component is designed to help organizations manage their employee data, including payroll, benefits, and performance management.
3. Procurement Management: This component is designed to help organizations manage their purchasing activities, including requisitions, purchase orders, and supplier management.
4. Supply Chain Management: This component is designed to help organizations manage their supply chain activities, including inventory management, order fulfillment, and logistics.
Overall, an enterprise system application suite provides a comprehensive set of tools that can help arenizations to streamline their business operations and improve their overall efficiency.
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Which type of economic indicator is used by governments and policymakers to implement or alter policies in an effort to avoid or minimize the effects of an economic downturn?
The types of economic indicators used by governments and policy makers to implement or change policies in an effort to avoid or minimize the impact of an economic downturn are Leading indicator.
Leading indicators are indicators that provide direction regarding trends that will occur in the future. This indicator provides information about the occurrence of price changes. Leading indicators provide opportunities for greater profits, but are accompanied by high risks.
Leading indicators help market observers and policy makers to predict significant changes that will occur in the economy. Although not always accurate, leading indicators along with other data can help provide information about the state of the economy in the future.
Investors use leading indicators as a guide for their investment strategy to anticipate future market conditions. Meanwhile, policymakers use it when setting monetary policy. Companies or businesses use them to make strategic decisions to anticipate how economic conditions may affect markets and revenues.
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______ business processes are semidynamic, semiroutine, monthly business processes such as resource allocation, sales strategy, or manufacturing process improvements.
Managerial business processes are semidynamic, semiroutine, monthly business processes such as resource allocation, sales strategy, or manufacturing process improvements.
What are managerial business processes?Managerial business processes relate to the management of the resources of the company in order to achieve better manufacturing and sales.
For this reason, these practices will often be semidynamic and semiroutine in order to meet the demands of the business environment at the time.
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Which grand strategy is more likely to support long-term deployments of american troops overseas?
Selective Engagement grand strategy is more likely to support long-term deployments of american troops overseas.
What is the strategy of selective engagement?
The selective engagement strategy states the use of alliances to safeguard US interests, advance US influence abroad, determine aggression, and maintain peace and predictability in the Pacific
What is the concept of grand strategy?
Grand strategy is the biggest level of national statecraft that generates how states, or other political units, prioritize and mobilize which military, diplomatic, political, economic, and other power to ensure what they receive as their interests.
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In considering how to allocate its scarce resources among its various members, a household considers.
In considering how to allocate its scarce resources among its various members, a household considers option d) All of the above are correct.
What is Utility Maximization?Utility maximization is known to be a method that is often used in the cat of modeling rational decision making in regards to economics.
Note that Scarcity is a term that connote the fact that there are little resources than are said to be required to fill human wants and needs.
Note also that these resources can be said to be land, labor or capital resources and as such, In considering how to allocate its scarce resources among its various members, a household considers option d) All of the above are correct which are:
a) Each member's abilities
b) Each member's efforts
c) Each member's desires
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In considering how to allocate its scarce resources among its various members, a household considers:
a) Each member's abilities,
b) Each member's efforts,
c) Each member's desires,
d) All of the above are correct.
Consumer sovereignty and dollar votes guide the market system in dealing with which fundamental economic question?.
Consumer sovereignty and dollar votes guide the market system in dealing with What will be produced? fundamental economic question.
What is market system?
A market system is a group of buyers, sellers, and other participants who get together to conduct business in a certain good or service. Direct market participants who drive economic activity in the market, such as producers, purchasers, and consumers, are among the participants in a market system.
therefore,
Consumer sovereignty and dollar votes guide the market system in dealing with What will be produced? fundamental economic question.
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When a company shares announcements of successes through office parties, this is an example of a rite of?
When a company shares announcements of successes through office parties, this is an example of a rite of integration.
What is integration?A approach called "business integration" aims to synchronize IT and business cultures and objectives while also coordinating technology with company strategy and objectives. The use of IT in the context of business is reflected in business integration.
An integrated perspective of your customer, your data, and the state of your organization is made possible by integrating your business systems. Both your internal operations and the customer experience are enhanced. You'll be more effective, productive, and successful if done properly.
Therefore, when a company shares announcements of successes through office parties, this is an example of a rite of integration.
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When the retail price of imported products is increased for the purpose of making domestic goods more competitively priced it is called a(n):________
When the retail price of imported products is increased for the purpose of making domestic goods more competitively priced it is called a protective tariff.
Protective tariffTariffs that are implemented with the intention of safeguarding a domestic industry are referred to as protective tariffs. Their goal is to raise the price of imported items relative to domestically produced equivalents, which will increase sales of domestically made goods and help the local economy. Tariffs are also applied to increase tax revenue for the government or to stop a bad activity (sin tax). The goals of protection and revenue maximization propose distinct tariff rates, necessitating a choice between the two objectives, even if a tariff can simultaneously safeguard domestic industry and generate government money.
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When managers have little or no ownership in the firm, they are less likely to work energetically for the company's shareholders. we call this type of conflict a (n)_____
When managers have little or no ownership in the firm, they are less likely to work energetically for the company's shareholders. we call this type of conflict a (n) Agency Problem
What is meant by agency problems?
An agency problem is a type of conflict of interest inherent in any relationship where one party is decides to act in other's best interests. In corporate finance, an agency problem basically refers to a conflict of interest between a company's management and the company's stockholders.
What causes agency problem?
A principal-agent problem is main cause of a conflict of interest between the agent and the principal, which usually occurs when the agent acts individually in his/her own interests.
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Given+an+anticipated+inflation+premium+of+1.45%+and+a+real+rate+of+interest+of+4.34%,+what+is+the+nominal+interest+rate?+round+your+answer+to+4+decimal+places.
Given an expected inflation premium of 1.45%
A real rate of interest of 4.34%,
Nominal interest rate stands 5.8529%
What stands the nominal interest rate?
The calculation of the nominal interest rate is shown
Nominal interest rate = (1 + Inflation premium) × (1 + Real rate of interest) - 1
= (1 + 1.45%) × (1 + 4.34%)- 1
= (1 + 0.0145) × (1 + 0.0434) - 1
= 1.0145 × 1.0434 - 1
= 1.058529 - 1
= 0.058529
or
= 5.8529%
What is the distinction between real interest rate and nominal interest rate?
Interest rates can be represented in nominal or real terms. A nominal interest rate equals the real interest rate plus a projected rate of inflation. A real interest rate mirrors the true worth of funds to the borrower and the actual yield to the lender or to an investor.
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