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Tanzania [10]
1 year ago
8

Suppose a basket of goods and services has been selected to calculate the consumer price index (CPI) and 2002 has been chosen as

the base year. In 2002, the basket’s cost was $76.00; in 2004, the basket’s cost was $79.50; and in 2006, the basket’s cost was $85.00. The value of the CPI was:a.no more than 90 in 2001.b.100 in 2002.c.at least 118 in 2007.d.108 in 2004.e.120 in 2006.
Business
1 answer:
Rudiy271 year ago
4 0

Answer:

b.100 in 2002

Explanation:

This question can be solved without any calculations. When calculating consumer price index, the CPI for the year chosen as base is always 100. In this case, 2002 was chosen as the base year and, therefore, the CPI was 100 in 2002. Since that is one of the alternatives, no further steps are required and the answer is alternative b.

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Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight off
ivann1987 [24]

Answer:

The complete questions is

Molly is celebrating her exciting new career and wants to upgrade her junky old car for a shiny new Jeep

Patriot. She heads to Jeep’s website and sees the following financing deals:

Remember that Molly has a $2500 down payment saved for this purchase. The dealer will take the $500 Cash Allowance straight off her total. How much loan does Molly need?

Explanation:

6 0
2 years ago
Joseph purchased 100 shares of abcd growth fund for $10.00 per share for a total investment of $1,000. at the end of one year, h
lys-0071 [83]
It is given that Joseph purchased 100 shares of ABCD Growth Fund for a price of $10.00 per share with a total investment of $1,000. At the end of the year he sold his investment for $11.20 per share. Find the total capital gain.

To get the capital gain, compute the total price in which Joseph sold his investment.

$11.20 x 100 = $1,120

Subtract the answer to the total price bought by Joseph
$1,120 - $1,000 = $120

The total capital gain is $120
8 0
1 year ago
Raul is the Chief Operating Officer (COO) of Black Mesa Inc., a firm that produces handcrafted kitchen tables for both the resid
quester [9]

Answer: A. Raul could gain access to cheaper raw materials in a foreign country, thus lowering the cost of his input factors.

Explanation:

Being able to produce goods at a lower cost is a good thing for a business because it means that the business can be able to sell at a lower price and therefore get more customers and increase overall profitability.

If Raul could access materials from a foreign company at a cheaper rate, this would be advantageous because his company can produce at a lower price and increase profitability.

8 0
1 year ago
ABC Company is trying a new method of employee motivation. Entry-level employees undergo a year of close supervision and bi-week
Serhud [2]
<h2>ABC Company is using <u>Job Enrichment </u>Technique.</h2>

Explanation:

ABC Company is trying out the following:

  • Hand-holding the employees according to their expertise and the position that they handle
  • Provide opportunity to grow up the level
  • Make sure that industry goals are achieved
  • Provide task in such a way that it enhances the skills of employee associated with the organization's goal
  • Increasing the challenging level with proper training and guidance

Let us understand the term "Job Enrichment"

It is the "motivation technique" used in the organization to provide greater satisfaction to the employee.

3 0
2 years ago
"Swiss Clothing Store had a balance in the Accounts Receivable account of $920,000 at the beginning of the year and a balance of
Fudgin [204]

Answer:

Receivable days are 52 days.

Explanation:

Receivable days can be found from the following formula:

Receivables days = Receivables / Credit Sales * 365

The credit sales here is $6,650,000 during the year and the average receivables days is $950,000 [(950,000 + 980,000)/2] during the year. By putting the values we have:

Receivables days = $950,000 / $6,650,000  * 365 = 52 days

So the average receivable collection days were 52 days during the year.

6 0
2 years ago
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