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NemiM [27]
2 years ago
6

The table below lists the prices from last year and the base year for a college-related basket of goods. Assume that the typical

basket of goods for a college student consists of 200 gallons of gasoline, 60 pizzas, 45 6-packs of beer, and 3 textbooks. Basket of College-Related Goods Basket of Goods Price Base Year (dollars) Price Last Year (dollars) Gasoline (per gallon) $ 1.90 $ 2.50 Pizza (per pizza) 4.50 7.95 Beer (per 6-pack) 4.20 7.00 Textbook (per book) 100.00 233.00 Instructions: Round your answers to two decimal places. a. Using the values above, what is the rate of inflation between the base year and last year? % b. Assume that rather than buying textbooks for their courses last year, all students decided to buy online access cards at $100 per textbook. What is the rate of inflation between the base year and last year now? %

Business
1 answer:
RSB [31]2 years ago
6 0

Answer:

a. Inflation rate is 75%

b, Inflation rate is 40%

Explanation:

Inflation rate = (the value expended on same quantity of goods last year minus the value expended on same quantity of goods in Base year) divided by the value expended on same quantity of goods in Base Year

The derivation of Inflation is shown in the attached document

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Answer:

$51,000

Explanation:

The computation of the new equipment cost is shown below:

= Fair market value + loss recorded

where,

Fair market value is $50,000

And, the loss is computed by taking the difference between the cost and accumulated depreciation. And, after that deduct it from the trade in allowance

In mathematically,

Book value = Cost - accumulated depreciation

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Now, the loss would be

= Trade in allowance - book value

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Now put these values to the above formula

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= $51,000

4 0
2 years ago
Suppose that World Corp. signs a contract to build a lumber processing plant in Siberia. If World Corp. signs a second contract
jarptica [38.1K]
<h3>In the above scenario, World Corp. engaging in Compensation trade </h3>

Explanation:

Compensation trade is a type of countertrade procedure in which an incoming investment is repaid from the income generated by that investment.

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Jacob works as a researcher for a car showroom. He's going to collect data about consumers' changing preferences, Interests, and
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Answer:

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Explanation:

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2 years ago
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kolezko [41]

Answer:

Answer:

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Explanation:

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