1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yKpoI14uk [10]
2 years ago
13

Dave bought a new car 8 years ago for $8400. To buy a new car comparably equipped now would cost $12,500. Assuming a steady rate

of increase, what was the yearly rate of inflation in car prices over the 8 year period?
Business
1 answer:
umka2103 [35]2 years ago
6 0

The yearly rate of inflation in car prices over the 8 years that Dave bought his new car for $8,400 is <u>5.1%</u>.

<h3>What is inflation?</h3>

Inflation is the general increase in prices of goods and services in an economy which reduces the purchasing power of the consumers.

Based on the given information, the yearly increase in the inflation rate can be computed using the present value formula from an online finance calculator as below.

<h3>Data and Calculations:</h3>

N (# of periods) = 8 years

I/Y (Interest per year) = 5.1%

PMT (Periodic Payment) = $0

FV (Future Value) = $12,500

<u>Results:</u>

PV = 8,396.31 or $8,400

Total Interest $4,477.49

Thus, the yearly rate of inflation in car prices over the 8 years that Dave bought his new car for $8,400 is <u>5.1%</u>.

Learn more about inflation at brainly.com/question/8149429

You might be interested in
Second-Stage Allocation [LO7-4]
Lemur [1.5K]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Activity cost pools:

Direct labor $ 10 per direct labor-hour

Machine processing $ 3 per machine-hour

Machine setups $ 45 per setup

Production orders $ 150 per order

Shipments $ 115 per shipment

Product sustaining $ 750 per product Activity

Total Expected Activity K425:

Number of units produced per year 200

Direct labor-hours 1,075

Machine-hours 2,400

Machine setups 13

Production orders 13

Shipments 26

Product sustaining 1

Total Expected Activity M67:

Number of units produced per year 2,000

Direct labor-hours 50

Machine-hours 40

Machine setups  1

Production orders 1

Shipments 1

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH K425= 1,075*10 + 3*2,400 + 45*13 + 150*13 + 115*26 + 750= $24,225

Allocate MOH M67= 10*50 + 3*40 + 45*1 + 150*1 + 115*1= $930

7 0
3 years ago
Tips for Successful LinkedIn Prospecting?
Dmitriy789 [7]

Answer:

Sales prospecting is one of the most essential elements of the whole sales process.

Some tips are;

  • Make LinkedIn Your Second Home
  • Show’em What you Got For Them
  • Tweak and Polish Your Profile
  • Connect With Strategy
  • Be more personal

7 0
3 years ago
When thinking about implementation issues as discussed here, we can draw a parallel to the example from the text about Walmart e
Firdavs [7]
Try E or D I am not sure
4 0
3 years ago
In an advertising plan, the ____ is the section in which the client and the agency lay out the key factors that define the curre
antoniya [11.8K]
<span>In an advertising plan, the "situation analysis" is the section in which.........
</span>

An advertising plan refers to an advancement outline that, when taken after, gives the heading to organizations and organizations to support deals, make mindfulness in the market, and draw in with an altogether new client base. An advertising plan will guarantee that your organization's cash will be spent sensibly and will achieve the greater part of the correct target crowds.
5 0
3 years ago
Jane must do a system each evening to copy and archive computer data that could be used if a compromise occurs
svetlana [45]
Jane must do a system each evening to copy and archive computer data that could be used if a compromise occurs. The process that Jane makes is referred to as back up. Back up process is the process of copying and archiving computer data so that the duplicate files can be used to restore the original data if a compromise occurs. 
8 0
3 years ago
Other questions:
  • Which of the following does NOT define the responsibilities of a limited partner? A. No financial investment in the business. B.
    6·1 answer
  • Assume that the company expects sales of each product to decline to 25,000 units next year with no change in unit selling price.
    11·1 answer
  • Josh, an HR manager at RoxCom LLC, is responsible for implementing a guided self-appraisal system using management by objectives
    12·1 answer
  • The local grocery store expects that customers will use credit cards to pay for a total of 30 comma 000 sales transactions durin
    6·1 answer
  • All of the following are accurate statements EXCEPT: A. Retirement can be gradual. B. Retirement can be sudden. C. Retirement la
    11·1 answer
  • Subcontractor's bid:
    6·1 answer
  • Both the satisfaction of creating new products and the possibility of earning money are _____ for an entrepreneur. risks incenti
    5·2 answers
  • Why would you want to offer a down payment on an item such as a car or a house?​
    7·2 answers
  • WHY DID DABABY BROTHER END HIS LIFE?
    13·2 answers
  • What organization issues management marketing and technical publications
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!