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BabaBlast [244]
2 years ago
9

If the consumer price index increases from 200 to 240 in a one-year period, then the inflation rate is

Business
1 answer:
irakobra [83]2 years ago
4 0

The change in the Consumer Price Index shows that the inflation rate for that one-year period is 20%.

<h3>What is the inflation rate?</h3>

This can be found by the formula:
= (New CPI - Old CPI) / Old CPI x 100%

Solving gives:

= (240 - 200) / 200 x 100%

= 40 / 200 x 100%

= 20%

In conclusion, inflation is 20%.

Find out more on the consumer price index at brainly.com/question/1889164.

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On July 1, 2016, Sheffield Corp. issued 9% bonds in the face amount of $11100000, which mature on July 1, 2022, The bonds were i
lidiya [134]

Answer:

Explanation:

Discount bonds are issued on discounted price of their face value

Here discount = 11100000-9720000

= 1380000

on 1/07/2016

cash outflow or book value of bond

= 9720000

on 30/06/2017

interest paid = 999000

yield expected = 972000 ( 10% of issue price )

interest amortized

= 999000-972000 = 27000

book value = 9720000 + 27000

= 9747000

on 30/06/2018

interest paid = 999000

yield expected = 974700 ( 10% of book value )

interest amortized

= 999000-974700 = 24300

value amortized = 24300 + 27000 = 51300

book value = 9747000 + 24300

= 9771300

Amount unamortized

1380000 - ( 51300 )

= 1328700

3 0
4 years ago
There are two shoe stores in a small town. Store a is selling a pair of running shoes for $ 39.50. If it costs Store a $ 40 to o
AnnyKZ [126]
There are two shoe stores in a small town. Store a is selling a pair of running shoes for $ 39.50. If it costs Store a $ 40 to order this pair of shoesfrom the factory, then Store A is practicing predatory pricing.
This store is most likely selling running shoes below the cost of production to drive the other shoe<span>store out of business or at least to discourage them from selling the same running shoe.</span>
8 0
4 years ago
Which of the following is NOT induded when calculating gross income?
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8 0
3 years ago
What should the project manager of a team do to successfully manage a team? The project manager should train team members on -re
lawyer [7]

Answer:

This is correct, along with some other things a project manager could do.

Explanation:

6 0
3 years ago
When preparing the retained earnings statement, the beginning retained earnings balance can always be found a. in the general le
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Answer:

a. in the general ledger

Explanation:

When preparing the retained earnings statement, the beginning retained earnings balance can always be found in the general ledger.

5 0
3 years ago
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