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1 year ago

Suppose the consumer price index (cpi) for year x is 130. this means the average price of goods and services is:______.

1 answer:

6 0

Suppose the consumer price index (cpi) for year x is 130. this means the average price of goods and services is <u>Prices have increased by 30% from the base year to the current year.</u>

The consumer price Index measures the overall change in patron charges primarily based on a representative basket of goods and offerings through the years. The CPI is the maximum widely used measure of inflation, closely followed by means of policymakers, financial markets, organizations, and purchasers.

The CPI is one of the most commonly used equipment to measure inflation and deflation. Inflation is a vital indicator of an economic system's fitness. Governments and central banks use the CPI and different indices to make monetary selections. The key amongst these is whether or not to raise or lower interest fees.

A consumer price index is a rate index, the price of a weighted average market basket of customer items and services bought through households. Changes in measured CPI track adjustments in costs over the years.

Learn more about the consumer price index here brainly.com/question/27491456

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In order to save $57,000 in five years, John will start saving money next month. He already has $10,000 in his account. The acco

Jlenok [28]

Answer:

He has to deposit $750.46 every month into the account

Explanation:

Future value id the accumulated amount of principal and compounded interest at the end of a specific investment period.

Assuming interest is compounding every month, use following formula to calculate the amount of payment each month.

FV = PV x ( 1 + r )^n + A x ( ( 1 + r )^n - 1 ) / r

$57,000 = $10,000 x (1+0.1%)^5x12 + A x ( ( 1+0.1% )^5x12 -1 ) / 0.1%

A = { $57,000 - [ $10,000 x ( 1 + 0.001 )^60 ] } / [ ( ( 1 + 0.001 )^60 )-1 / 0.001 ]

A = ( $57,000 - $10,618.05 ) / 61.80471

A = $46,381.95 / 61.80471

A = $750.46

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3 years ago

Groupon.com offers discounts on products and services in specific cities. The concept of Groupon is that the discount for the pr

Yuliya22 [10]

Answer:

E) Social commerce site

Explanation:

As the name implies, a social commerce site like Groupon.com is a business that combines aspects of social media with commerce. The social media aspect is meant to be collaborative in the sense that people interact with each other in order to increase the sales of the business.

In this scenario, people collaborate with each other by reaching a certain treshold that allows them to get a benefit, the discount. The treshold is the minimum number of people that have to purchase the product for the discount to become effective.

This strategy benefits both Groupon.com with more sales revenue, and benefits customers because they get a discount, and take part in a social activity.

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3 years ago

Companies that practice marketing by ________ create offerings and messages that engage consumers rather than interrupt them. Gr

KiRa [710]

Answer: Attraction

Explanation:

Companies that engage in marketing by attraction, carryout marketing of a product in such a way that the product they are trying to sell attracts the attention of the consumers. In marketing by attraction the marketers tries to draw the consumer to the product by engaging them, which is achieved by gaining the consumers attention.

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3 years ago

Burning one gallon of gasoline in a car releases approximately 20 pounds of CO2 into the atmosphere. One average person drives 6

Oksanka [162]

Answer: 20,000 pounds of CO₂

Explanation:

30 mpg car.

Number of gallons of gasoline used:

= 60,000 / 30

= 2,000 gallons

CO₂ released = 2,000 * 20

= 40,000 pounds

20 mpg car

Number of gallons used:

= 60,000 / 20

= 3,000 gallons

CO₂ released = 3,000 * 20

= 60,000 pounds

Difference:

= 60,000 - 40,000

= 20,000 pounds of CO₂

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2 years ago

Information on Wolfen Company's direct labor costs for the month of January follows: Actual direct labor rate $5.00 Standard dir

xeze [42]

Answer:

Standard Rate = $ 5.65

Explanation:

Wolfen Company

Actual direct labor rate $5.00

Standard direct labor hours allowed 11,000

Actual direct labor hours 10,000

Direct labor rate favorable $6,500

Using formula to find the unknown figure

Direct Labor Rate variance = Actual Hours ( Standard Rate-Actual Rate)

$6,500= 10,000( Standard Rate-5)

$6,500/10,000 = (Standard Rate-5)

0.65+ 5=Standard Rate

Standard Rate=5+0.65= $ 5.65

We can check by putting it in another formula

Direct Labor Rate variance= (actual hours * standard rate)-(actual hours* actual rate)

$6,500=(10,000*Standard Rate)-( 10,000 *5.0)

$6,500= (10,000*5.65)-( 10,000 *5.0)

$6,500= (56,500)-( 50,000 )

$6,500=$6,500 (favorable) when standard price is higher than actual price

3 0

3 years ago