Answer:
CPI at the beginning of the year = 192.52
Explanation:
given data
nominal interest rate = 7 percent
real interest rate = 4 percent
CPI = 198.3
to find out
CPI at the beginning of the year
solution
we know that according to fisher equation
1 + r = 
....................1
and for smaller values is equivalent to r
r = n - i .....................2
here r is real interest rate and n is nominal interest rate and i is inflation rate
so from equation 2
4 = 7 - inflation rate
inflation rate = 3 percent
so
Rate of inflation = (CPI at the end of the year - CPI at the beginning of the year) × 100 ÷ CPI at the beginning of the year
put here value
3% = (198.3 - CPI at the beginning of the year) × 100 ÷ CPI at the beginning of the year
CPI at the beginning of the year = 
CPI at the beginning of the year = 192.52
Answer:
Total product cost= $169,000
Explanation:
<u>The product cost is calculated using the direct material, direct labor, and manufacturing overhead:</u>
<u></u>
Direct materials $ 79,000
Direct labor $ 40,000
Variable manufacturing overhead $ 19,000
Fixed manufacturing overhead 31,000
Total product cost= $169,000
The statement that <span>is an objection to relying that solely on Return on Market Investment (ROMI) results is that </span>"ROMI requires knowing what would have happened without the marketing expenditure." ROMI <span> is the contribution to profit attributable to </span>marketing<span> (net of marketing spending), divided by the marketing 'invested' or risked.</span>
Answer:
customs, history, and time-honored beliefs
Explanation:
A traditional economy is a system that relies on customs, history, and time-honored beliefs. Tradition guides economic decisions such as production and distribution. Societies with traditional economies depend on agriculture, fishing, hunting, gathering, or some combination of them. They use barter instead of money.
Answer: b. non-identical roses
c. transportation costs
d. roses are not perfectly tradable
e. prices may not have fully adjusted
Explanation:
The roses in the two countries might not be identical and so will probably not be charged the same. They may be Differentiated so different prices will be charged.
There is also transportation costs to account for. If the roses are being grown in the US for instance the transfered to Turkey, the transport cost will be included in that figure as opposed to the US where it was produced.
If the Roses are not perfectly tradable, that could lead to a difference in price as well because the amounts will differ as the roses cannot go for the exact price in both countries.
Finally, prices in Turkey may not have fully adjusted to prices in the US yet. When that happens then they might be charged at the same amount.
