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Llana [10]
1 year ago
11

At the time of Carol's 10 year high school reunion she was making $30,000 and the CPI was 90. Now that is is time for her to att

end her 20 year high school reunion, Carol's income has risen to $65,000 and the CPI is 200. At her 20 year reunion, can Carol rightfully brag that her real income as risen since the last time she saw her former classmates ten years ago
Business
1 answer:
Klio2033 [76]1 year ago
8 0

No, Carol's real income fell during that 10-year period.

[(30,000 ÷ 90 × 100) is > (65,000 ÷ 200 × 100)].

<h3><u>How Does the Consumer Price Index (CPI) Work?</u></h3>

The change in prices that American consumers pay each month is tracked by the Consumer Price Index (CPI). The CPI is calculated by the Bureau of Labor Statistics (BLS) as a weighted average of prices for a selection of goods and services that are indicative of overall consumer spending in the United States.

A common indicator of inflation and deflation is the CPI. The CPI report employs a different survey methodology, price sample, and index weights than the producer price index (PPI), which gauges changes in the prices paid by American producers of products and services.

<u>What Purposes Does the CPI Serve?</u>

Policymakers and the financial markets carefully monitor the CPI Index as an indicator of inflation. The cost of living adjustments for federal benefit payments is computed using a linked CPI metric.

<u>How is the CPI determined?</u>

When calculating the CPI, the Bureau of Labor Statistics takes a monthly sample of 94,000 prices and weights each index according to its share of recent consumer spending to determine the total change in prices. In the computation, the substitution impact is also taken into account, which occurs when customers divert their spending away from goods whose prices are rising relative to other goods.

Learn more about CPI with the help of the given link:

brainly.com/question/26682248

#SPJ4

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United Aluminum Company of Cincinnati produces three grades (high, medium, and low) of aluminum at two mills. Each mill has a di
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Idk and I’m in hs!!!!!
6 0
3 years ago
In early January 2019, Blue Corporation applied for a trade name, incurring legal costs of $15,400. In January 2020, Blue incurr
Andrew [12]

Answer:

2019 Amortization =$1,540

2019 Book Value=$13,860

2019 Amortization =$2,440

2019 Book Value=$19,520

Explanation:

Computation for 2019 amortization, 12/31/19 book value, 2020 amortization, and 12/31/20 book value if the company amortizes the trade name over 10 years.

Calculation for 2019 Amortization (15,400 ÷ 10)

= 1,540

Calculation for Book Value of December 31, 2019

= 15,400 – 1,540

= 13,860

Calculation for 2020 Amortization will be:

(13,860 + legal fees 8,100) ÷ 9)

= 21,960÷9

= 2,440

Calculation for the Book Value of December 31, 2020

13,860 -2,440

=11,420

= 11,420+8,100

=$19,520

6 0
2 years ago
Market segmentation involves aggregating prospective buyers into groups that have common needs and will
elixir [45]

Answer:

respond similarly to a marketing action.

Explanation:

Market segmentation is the strategy of marketing that involve dividing the consumer market on the basis of similar taste, interest, age, location, needs or any other factors which are common. It help the company to customize the product and reach maximum customer to gain market share.

There are four type of market segmentation:

  • Demographic.
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6 0
2 years ago
Department A had no Work-in-Process at the beginning of the period, 1,000 units were completed during the period, 200 units were
statuscvo [17]

Answer:

Materials total cost equal to 2,000 the correct option is C

C. $2,000

Explanation:

<u>Conversion Cost</u>

<u>conversion cost</u> = labor + overhead

CC = 5,000 + 4,400 = <u>9,400</u>

complete during the period   1,000 units

ending inventory                       200 units 50%

<u>Equivalent units:</u>

completed + ending worked portion

1,000 + 200 x 50% = 1,000 + 100 = <u>1,100</u>

CC equivalent unit cost  9,400/1,100 x 100 = 854.55

<u>Materials</u>

<u>Cost     $ 12,000</u>

<u>Equivalent units</u>

completed  1,000

ending          200 at 100%

completed + ending times added portion

1,000 + 200 x 100 % = 1,200

Equivalent unit cost: 12,000 / 1,200 = 10

Ending inventory 200 x 10 =         2,000

5 0
3 years ago
Adrian Atwood, a senior manager at MNC, spends a lot of his time assigning group members to particular tasks and scheduling thei
Triss [41]

Answer:

According to the Ohio state studies , we can say that the Adrian as leader is high in initiating structure.

Explanation:

Initiating structure can be defined as the particular degree to which a leader would define his or her role and also specify and organize the role of employees too, in order to achieve the organizations goals.

Adrian is also doing the same thing here, as she has given a lot of time in assigning employees their particular tasks and scheduling their work , in such a way that goals are achieved.

3 0
3 years ago
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