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ivann1987 [24]
2 years ago
6

The movie E.T. the Extraterrestrial grossed $435,110,554 in box office receipts in 1982. The movie Titanic grossed $659,363,944

in 1997. The Consumer Price Index was 96.5 in 1982, 160.5 in 1997 and 255.657 in 2019. What is the value of the E.T. box office receipts adjusted for inflation in 1997
Business
1 answer:
earnstyle [38]2 years ago
6 0

Answer:

E.T. the Extraterrestrial

Adjustment for inflation in 1997

Value of E.T. box office receipts = $723,681,284.11 ($435,110,554/96.5 x 160.5)

Explanation:

To adjust a 1982 receipts for inflation in 1997, the 1982 receipts is divided by the 1982 price index and multiplied by the 1997 price index.  This results to an inflation-reflected receipts in 1997.

The adjustment helps to put a value that is equivalent to the current price (assessed period's current price) having factored in inflation.

A Consumer Price Index is a statistical estimate that measures the changes in the price level of a weighted average market basket of consumer goods and services purchased by households.  It is measured periodically to reflect inflation.

Inflation is the general rise in the prices where a unit of currency yesterperiod buys less today than it did.  It is a quantitative measure of the rate at which the average price level of a basket of selected goods and services in an economy increases over some period of time.

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Answer:

A. 27,000

B. 77,000

Explanation:

What is Reggie's accounting profit?

REVENUE - EXPENSES AND DEPRECIATION

90000-18000-6000-3000=63000

What is Reggie's economic profit?

REVENUE - EXPENSES AND DEPRECIATION - IMPLICIT COSTS

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1) accounting profit = TR - explicit cost

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= 27,000,

2) economic profit = TR - economic cost

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2 years ago
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Zarrin [17]

Answer:

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Explanation:

U.S. Treasury bills are a risk-free asset, and thus have a beta of zero. Since Stock A has a risk-level equivalent to that of the overall market, its beta is one. Therefore, the beta for Stock B can be found by:

1.28=0.35\beta_{T}+0.31\beta_{A}+0.34\beta_{B}\\1.28 = 0.35*0+0.31*1+0.34\beta_{B}\\\beta_{B}=\frac{1.28-0.31}{0.34}\\ \beta_{B}=2.85

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You have decided to set a new goal of saving at least $4,500 over the course of the next year. You already have $900 saved. By h
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The answer is C, $200. I got it right!

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Answer:

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