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2 years ago

What is the inflation rate between 2013 and 2014 assuming 2011 is the base year 8 lbs of broccoli 5 lbs of peas?

1 answer:

7 0

Assuming 2011 is the base year, the inflation rate for 2013-2014 is 8 pounds of broccoli, 5 pounds of peas, 4 pounds of carrots, and nothing else.

High inflation is generally seen as harmful, but some economists believe low inflation will boost economic growth. The opposite of inflation is deflation, where prices tend to fall. The Federal Reserve is targeting 2% inflation based on the Consumer Price Index (CPI).

A general price increase over time reduces the purchasing power of consumers as they can reduce their consumption for a given amount. The consumer loses purchasing power regardless of whether inflation is his 2% or 4%. They just lose it twice as fast at a higher rate.

Annual inflation in May was 8.6%, the highest since 1981 as measured by the Consumer Price Index, according to the latest Bureau of Labor Statistics report.

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"A small grocery store has three employees working each shift, but they only" have one checkout register. Depending on which emp

serg [7]

Answer:

establishment of responsibility

Explanation:

One of the principles of control activities is establishment of responsibility. This establishment of responsibilty means that an employee is meant to have a level of responsibilty for his work as well as decisions taken.

From the question, it can be seen that the use of one register by three worker working diffeent shifts ensure a lack of responsibilty on the part of the workers. This is because if each of the workers had seperate registers for entering customer check out, there would be more responsibilty from the workers in discharging their duties as any mistakes will be owned by each worker.

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8 0

3 years ago

What is the major difference between an attraction and entertainment?

Black_prince [1.1K]

Hello there.

<span>What is the major difference between an attraction and entertainment?

</span>Attraction- interest

Entertainment- amusement or enjoyment.

Based off that,

Answer: <span> An attraction can be part of a travel package.</span>

8 0

4 years ago

Read 2 more answers

Michael earned $20,000 at the K-M Resort Golf Club during the summer prior to his senior year in college. He wants to make a con

musickatia [10]

Answer:

The answer is: Yes, his contribution will reduce his AGI.

Explanation:

Traditional IRA contributions are deductible from Michael's adjusted gross income (AGI), so they will reduce his taxable income. Also, traditional IRA contributions don't have any impact on Michael's standard deductions or if he chooses, itemized deductions.

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4 years ago

Fitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority to make investments as neede

pantera1 [17]

Answer:

34.04%

Explanation:

Data provided :

Total sales of the Springfield Club = $ 920,000

The net operating income of the company = $ 34,040

The average operating assets of the company = $ 100,000

now,

The return on investment will be calculated as:

Return on investment (ROI)= $\frac{\textup{Net operating income}}{\textup{Average operating assets}}$

on substituting the values, we get

ROI = $\frac{\$\ 34,040}{\$\ 100,000}$

ROI = 34.04%

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3 years ago

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Ksivusya [100]

This question needs more information.

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4 years ago