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2 years ago

If the cpi was 240 in year 1 and 245.1 in year 2, what is the inflation rate between year 1 and year 2?

Business

1 answer:

Ulleksa [173]2 years ago

6 0

The inflation rate between years 1 and 2 is 2.13%

What is CPI?

CPI means consumer price index, the consumer price index measures the change in prices of a basket of goods and services from one period to another, like the change in prices or inflation rate from one year to another year.

The inflation rate can be expressed in the current year CPI divided by the prior year CPI as shown by the CPI formula shown below:

inflation rate=(CPI year 2/CPI year 1)-1

CPI year 2=245.1

CPI year 1=240

inflation rate=(245.1/240)-1

inflation rate=2.13%

The implication of the above computation is that the inflation rate between year 1 and year 2 is approximately 2.13% when rounded to 2 decimal places.

In other words, the prices of goods and services has increase by 2.13% on the average between the two years

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$124,200

Explanation:

Contribution margin is net of sales value and variable cost. This value is available to cover the fixed cost of the business and profit after adjusting fixed cost.

As per given data

Price = $98

Numbers of units sold = 1,800

Total Sales = $98 x 1,800 = $176,400

Variable cost = $23 x 1,800 units = $41,400

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Total Variable cost = $41,400 + $10,800 = $52,200

Contribution Margin = Total Sales - Total Variable cost

Contribution Margin = $176,400 - $52,200

Contribution Margin = $124,200

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It is a true statement that people receive an unemployment insurance benefit payment for more than 21 weeks.

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2 years ago

Cyclical unemployment is the fluctuating unemployment over the business cycle that increases during _____ and decreases during

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Answer:

expansionary phase, recession

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Answer:

Kristie reports the following income from KKM during the current tax year: (A) $54,000 ordinary income; $9,000 charitable contribution.

Explanation:

From the provided data;

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Since the cash distributions to Kaylyn and Megan are not deductible.

Kristie's share of this income is equal to

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