The findings of a country's CPI report are typically reported as a percentage change from the previous issue. A positive result indicates a rise in the inflation rate as a consequence of higher consumer costs. If the contrary were to happen, prices would go down, benefiting consumers and reducing inflation.
This is further explained below.
<h3>What are consumers?</h3>
Generally, A person or group is considered to be a consumer if they have the intent to order, do order, or use goods, products, or services that they have purchased primarily for personal, social, family, household, and similar needs, which are not directly related to activities related to either entrepreneurship or business.
In conclusion, When a nation releases a new Consumer Price Index report, the findings are presented in the form of a percentage change in comparison to the most recent issue. In the event that the result is positive, it indicates that there has been a rise in the overall level of consumer prices and that the rate of inflation is climbing. In the alternative scenario, prices paid by consumers would fall, and the rate of inflation would fall along with them.
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Answer:
Mufflers should be continued (Alternative 1)
Explanation:
Preparation of a differential analysis dated to determine if Mufflers should be continued (Alternative 1) or discontinued (Alternative 2).
DIFFERENTIAL ANALYSIS
Continued (Alternative 1); Discontinued (Alternative 2); Differential effect on income Alternative 2)
October 31
Revenue $45,000 $0 ($45,000)
Costs:
Variable cost of goods sold ($21,600) $0 $21,600
[$27,000*(1-20%)]
Variable selling and administrative expense
($17,500) $0 $17,500
[$25,000*(1-30%)]
Fixed income ($12,900) ($12,900) $0
[($27,000*20%)+($25,000*30%)]
Income(Loss) ($7,000) ($12,900) ($5,900)
Based on the above Differential Analysis MUFFLERS SHOULD BE CONTINUED reason been that the income will decrease by $5,900 if Mufflers discontinued.
Answer:
The role of organizational structure is to help make clear who answers to whom and where they fit in the chain of command
Answer:
Date Particular Debit Credit
May 10, 2020 No Entry (Note 1) $0 $0
(To record contact entered into)
June 15, 2020 Account Receivable A/c $1,810
To Sales Revenue A/c $1,810
(To record Sales)
June 15, 2020 Cost of goods sold A/c. $1,050
To Inventory A/c $1,050
(To record cost of goods sold)
July 15, 2020 Cash A/c $1,810
To Account Receivable A/c $1,810
(To record payment received)
Answer:
Yes, common and operational expenses.
The effect on financial statement would be dynamic, as some figures would fluctuate based on volume
Explanation:
A flexible budget is very much adjustable based on the level of production activity. Hence this will also reflect on the financial statement, if management takes this approach
