Suppose an economy has a real interest rate of 3% and an inflation rate of 5%. What's the exact nominal interest rate, and what's the approximate value of it

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above