Use the Information Below to Answer the Following Question(s)

question 23

Multiple Choice

Use the information below to answer the following question(s) .
Barry operates a shop in a resort in an area known for its high inflation rate. The inflation rate for the last few years has been averaging 3 percent a month. His long-term real rate of return is 12 percent, or 1 percent a month. On April 1 he anticipates that real dollar sales during the summer will be as follows:

-What will Barry's sales figures be for each month, respectively, assuming the owner uses the real rate approach?

• A) $40,000; $50,000; and $36,000
• B) $40,000; $51,500; and $38,192
• C) $41,200; $53,044 rounded; and $39,338
• D) $41,200; $51,500; and $39,338
• E) $40,000; $51,500; and $39,338

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Definitions:

Double Jeopardy

A constitutional protection against being tried for the same crime twice.

Defamation

The act of damaging someone's reputation through false or malicious statements, either spoken (slander) or written (libel).

Constitutional Privilege

A right or immunity granted under a constitution that protects individuals or entities from certain actions by the state or other individuals.

Absolute Privilege

A legal immunity that protects certain individuals, such as lawmakers or judges, from lawsuit for statements made or actions taken in the course of their official duties.