All categories

2 years ago

2009 2010

1 answer:

6 0

To find the inflation rate of prom you want to start by adding the costs of each expense together under its respective year:

2009:
Limo = $180
Dress = $270
Total = $450

2019:
Limo = $216
Dress = $324
Total = $540

Next, find the consumer price increase/inflation. To do this we will take the increase of price from 2009 to 2010 and divide by the price in 2009.
2010 total: $540 - $450 (2009 total) = $90

$90/$450= 0.2 to find the percentage of inflation multiply by 100
(.02)(100)= 20%

The rate of prom inflation is 20%.

You might be interested in

Nordstrom employees know exactly what is expected of them. The company's core values are so widely held and shared that they pr

Ilya [14]

Answer:

Strong culture

Explanation:

A strong culture can be described as the various values, practices and techniques that greatly effects the employees behaviour.

The presence of a strong culture in an organization enables the employees and management to know what is expected of them to maintain the smooth running of the organisation.

Nordstorm employees know what is expected of them in the company, they know what procedures to follow at each time to ensure that the business moves in the right direction.

6 0

2 years ago

Read 2 more answers

Determine whether the following statement is true or false, and explain your reasoning:

Triss [41]

Answer:

The statement is true

Explanation:

As a fact, I agree that with large sample sizes, even the small differences between the null value and the observed point estimate can be statistically significant.

To put it differently, any differences between the null value and the observed point estimate will be material and/or significant if the samples are large in shape and form.

It's also established that point estimate get more clearer and understandable, and the difference between the mean and the null value can be easily singled out if the sample size is bigger.

Suffix to say, however, while the difference may connote a statistical importance, the practical implication notwithstanding, will be looked and studied on a different set of rules and procedures, beyond the statistical relevance.

6 0

2 years ago

Pettijohn Inc. The balance sheet and income statement shown below are for Pettijohn Inc. Note that the firm has no amortization

Tom [10]

Answer:

The appropriate solution is "$2.91". A further explanation is given below.

Explanation:

Seems that the given question is incomplete. Below is the attachment of the full problem.

According to the question,

Common dividend,

= 509.83

Shares outstanding,

= 175

Now,

The dividend per share will be:

= $\frac{Common \ dividend}{Shares \ outstanding}$

On substituting the values, we get

= $\frac{509.83}{175}$

= $2.9133$

or,

= $2.91$

8 0

1 year ago

In the Vasquez Corporation, any overapplied or underapplied manufacturing overhead is closed out to Cost of Goods Sold. Last yea

wolverine [178]

Answer:

Cost of Goods Sold, after adjustment for overapplied manufacturing overhead, for the year must have been $69,000.

Explanation:

From the question, we have:

Applied manufacturing overhead cost = $29,000

Actual manufacturing overhead cost = $27,000

Cost of Goods Manufactured for the year = $71,000

Overapplied manufacturing overhead = Applied manufacturing overhead cost - Actual manufacturing overhead cost = $29,000 - $27,000 = $2,000

Therefore, we have:

Cost of Goods Sold = Cost of Goods Manufactured for the year - Overapplied manufacturing overhead = $71,000 - $2,000 = $69,000

Therefore, Cost of Goods Sold, after adjustment for overapplied manufacturing overhead, for the year must have been $69,000.

8 0

2 years ago

Blue Company purchased 60 percent ownership of Kelly Corporation in 20X1. On May 10, 20X2, Kelly purchased inventory from Blue f

aleksandr82 [10.1K]

Answer:

Blue Company

Consolidation of Parent & Subsidiary Companies :

1. c. $86,000

2. b. $47,000

3. d. $39,000

Explanation:

In preparing a consolidated income statement, Blue Company with controlling interest of 60% will eliminate intercompany transactions, sales, purchases, inventory, and profits. This is because such transactions are assumed to be within the same consolidated entity.

Only such transactions involving outsiders are taken into consideration for the purpose of determining profits and arriving at the financial position of the consolidated group.

3 0

2 years ago