Suppose? that, in the united? states, the inflation rate is at 3.2 percent? (the target inflation rate is 2? percent). rapidly rising prices and low interest rates have spurred business to hire more workers and invest in new facilities.

which of the following is likely to be true of the u. s. economy if there is a rapid rise in prices and low interest? rates?

a. there could be an appreciation of the u. s.? dollar, resulting in a lower output gap in the u. s. economy.
b. the u. s. economy could experience an increase in gross domestic? product, eventually resulting in an economic boom.
c. the u. s. economy could experience unsustainable? expansion, resulting in a sharp economic downturn.

The struter partnership has total partners’ equity of $510,000, which is made up of main, capital, $400,000, and frist, capital, $110,000. the partners share net income and loss in a ratio of 80% to main and 20% to frist. on november 1, adison is admitted to the partnership and given a 15% interest in equity and a 15% share in any income and loss. prepare journal entries to record the admission of adison for a 15% interest in the equity and a 15% share in any income and loss under the following independent assumptions. (1) record the admission of adison with an investment of $90,000 for a 15% interest in the equity and a 15% share in any income and loss. (2) record the admission of adison with an investment of $120,000 for a 15% interest in the equity and a 15% share in any income and loss. (3) record the admission of adison with an investment of $80,000 for a 15% interest in the equity and a 15% share in any income and loss.

Financial information that is capable of making a difference in a decision is

In early january, burger mania acquired 100% of the common stock of the crispy taco restaurant chain. the purchase price allocation included the following items: $4 million, patent; $3 million, trademark considered to have an indefinite useful life; and $5 million, goodwill. burger mania's policy is to amortize intangible assets with finite useful lives using the straight-line method, no residual value, and a five-year service life. what is the total amount of amortization expense that would appear in burger mania's income statement for the first year ended december 31 related to these items?