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Eddi Din [679]
1 year ago
5

If the price level doubled in a 23-year period, we can conclude that the average annual rate of inflation over that period was a

bout 3 percent.
a) true
b) false
Business
1 answer:
galina1969 [7]1 year ago
3 0

The given statement " If the price level doubled in a 23-year period, we can conclude that the average annual rate of inflation over that period was about 3 percent " is TRUE

Explanation:

Though prices doubled during the 23 years, the average annual inflation rate during that time could be inferred by approximately 3 percent.

The average inflation rate in the USA has been 3% over the last 100 years. That said, in measuring shorter periods starting in the 1950s, the average rates are much higher.

Many financial experts working with pending pensioners emphasize the importance of contributing to pension scheming an average inflation rate. Since inflation will reduce the value of savings considerably, it is important to determine how and when this powerful economic phenomenon will affect the savings.

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<span>C. Life insurance

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4 0
2 years ago
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A company purchased $3,300 worth of merchandise. Transportation costs were an additional $290. The company returned $230 worth o
kap26 [50]

Answer:

The correct answer is option (D).

Explanation:

According to the scenario, the given data are as follows:

Purchase cost = $3,300

Transportation cost = $290

Return value = $230

Discount rate = 3%

So, the total cost of merchandise can be calculated as follows:

First we less the return value from purchase value. Then,

= $3,300 - $230  = $3,070  

Now, we less the discount, then

3% of $3,070 = $92.10

Net purchase value = $3070 - $92.10   =  $2977.90

Now, we add the transportation cost in purchase value.then,

= $2977.90 + $290

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Hence, the total cost of this merchandise is $3,267.90

8 0
1 year ago
Why do companies lower product prices and offer free samples?
Lemur [1.5K]
The best choice here is A) They give out the samples and free trials as a test to see how common it is for people to be interested in their product.
Hope this helps
3 0
1 year ago
Read 2 more answers
Fortune Company's direct materials budget shows the following cost of materials to be purchased for the coming three months: Jan
gladu [14]

Answer:

The expected January 31 Accounts Payable balance is $6,590

Explanation:

The December Accounts Payable balance is $7,900 - this is the 50% purchase amount in December and will be paid in January.

In January, Fortune Company will pay 50% purchase amount in December and 50% purchase amount in January.

Expected payment = $7,900 + 50% x $13,180 = $14,490

At January 31, the expected Accounts Payable balance:

$13,180 x 50% = $6,590

6 0
1 year ago
Which of the accompanying boxplots likely has the data with the larger standard​ deviation? why?
Paraphin [41]

The answer is Boxplot II.  The standard deviation for the data associated with Boxplot II will likely have a larger standard deviation. Boxplot II has a greater spread than Boxplot​ I, as measured by the interquartile​ range, which is  related directly to the standard deviation of a data set.


7 0
2 years ago
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