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
shepuryov [24]
2 years ago
9

Suppose the consumer price index in 2010 was 100 and its corresponding basket of goods was $23,000. if that same basket of goods

cost $19,000 in 2006, what was the value of the cpi in that year?
Business
1 answer:
Musya8 [376]2 years ago
3 0

The value of the CPI in 2006 is 82.61.

<h3>What is the value of the CPI?</h3>

The consumer price index measures the changes in price of a basket of good. It is used to measure inflation. Inflation is when there is a persistent rise in the general price levels.

CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100

2010 is the base year because its CPI is 100.

(19,000 / 23,000) x 100 = 82.61

To learn more about consumer price index, please check: brainly.com/question/26382640

#SPJ1

You might be interested in
Statement: "Whenever a company’s activities reduce the quality of life for nearby homeowners, the company should be legally requ
olganol [36]

Answer:

2) assumption not made

Explanation:

The original statement does not include any assumption about what the companies are doing about this issue, it just proposes an idea of fair compensation.

maybe whoever wrote this statement believes that very few companies or none at all actually compensate homeowners for a reduction in the market value of their properties, but it doesn't state it. It is also possible that the statement assumes that companies are paying some compensations or were paying some compensations but are not willing to continue to do it since no legislation forces them to do so. The author's position is vague and not clear with respect to what the companies are currently doing.

4 0
3 years ago
If i filed my taxes on jan 31 when should i get them back.
Natali5045456 [20]
February 25th(direct deposit),March 4th(mailed check)
4 0
2 years ago
Ryan’s shoe store sells a variety of shoes. His “active shoes” campaign is reaching the daily budget cap by the early afternoon.
Lyrx [107]

Answer:

The correct answer is "Ryan should increase the budget cap of the campaign"

Explanation:

The current campaign "active shoes" reached the budget cap.

And the goal is to increase the traffic for his products, the solution is,  increase his budget campaign cap.

Daily budget caps on campaigns allows you to manage the costs, making sure you don’t pass your target spend.

7 0
3 years ago
A static budget:____.
Talja [164]

A static budget is<u> based on a range of activities</u>.

<h3>What is static budget?</h3>
  • An example of a budget that includes predicted values for inputs and outputs that are thought of before the period in question begins is a static budget.
  • Even with changes in sales and production quantities, a static budget, which is a projection of revenues and expenses for a given period, stays the same.
  • The figures from static budgets can, however, be very different from the real results as compared to those that are discovered after the fact.
  • Accountants, finance experts, and management teams of businesses utilize static budgets to assess the financial success of a company over time.
  • The static budget is meant to be constant throughout the time period, independent of changes that might have an impact on results.

To learn more static budget about with the given link

brainly.com/question/27426308

#SPJ4

7 0
2 years ago
In 2019, Richard's Department Store changes its inventory method from FIFO to LIFO. Richard's uses the simplified LIFO method. R
xeze [42]

Answer:

C) $22,727.

Explanation:

to calculate the 2019 layer, I will first determine the value of the 2019 inventory using LIFO:

(2018 inventory / 2018 price index) + (2019 inventory - 2018 inventory) = ($300,000 / 1.1) + ($350,000 - $300,000) = $272,727 + $50,000 = $322,727

to determine the LIFO layer = adjusted 2019 inventory - 2018 inventory = $322,727 - $300,000 = $22,727

The LIFO layer represents the difference in cost of goods sold from the ending of one year to the next year.

7 0
3 years ago
Other questions:
  • Lisa is a manager at a thriving marketing company. Her boss recently gave her authorization to increase her department’s yearly
    14·1 answer
  • Madison Corporation sells three products (M, N, and O) in the following sales mix: 3:1:2. Unit price and cost data are: M N O Un
    5·1 answer
  • People who are willing and able to work but have not looked for work in the past 4 weeks are called
    8·1 answer
  • Service providers should refrain from asking feedback from customers to save time that can be used to provide better service qua
    15·2 answers
  • A company has two products: standard and deluxe. The company expects to produce 43,681 Standard units and 39,390 Deluxe units. I
    7·1 answer
  • Which are the two best examples of long-term needs that people need to save for?
    7·1 answer
  • 1. Why does Sutherland argue that businesses need to think about the small stuff rather than the big, splashy things?
    12·1 answer
  • Oh no! You bounced a check. You must pay _____________, fill in the blank, to the business you wrote the original check to.
    13·1 answer
  • Margaret puts money into her savings account each month. in this example money is functioning as a
    7·1 answer
  • One of the ways governments control capital inflows and outflows is by:
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!