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2 years ago

What is the impact of 7.4 cpi on consumers

1 answer:

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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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During an annual review Mitchel made the following assertion: "When I look at myself and my performance I see that what I have a

Vsevolod [243]

Answer:

3) narcissistic

Explanation:

A narcissistic personality is characterized by an over-bloated ego and belief of being very important with less regard for others. Someone with a narcissistic personality is usually preoccupied with thoughts of having a special power and would usually display an excess admiration of self

From the assertion of Mitchel during the annual review, Mitchel's inflated sense of self-importance, cravings for admiration and the belief that things couldn't have been achieved if not for him, all indicate that Mitchel is a narcissist. All these most likely show Mitchel has a narcissistic personality.

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3 years ago

Read 2 more answers

Barkley Company sells two products, red cups and black mugs. Barkley predicts that it will sell 2 comma 100 red cups and 700 bl

faltersainse [42]

Answer:

$2.73

Explanation:

Contribution margin:

Red = Unit Contribution margin × Sales Mix

= $ 2.90 × 2,100

= $6,090

Black = Unit Contribution margin × Sales Mix

= $ 3.00 × 700

= $2,100

Total contribution margin = Red + Black

= $6,090 + $2,100

= $8,190

Total sales mix = 2,100 + 700

= 3,000

Weighted CM:

= Total Contribution Margin ÷ Sales Mix

= $8,190 ÷ 3,000

= $2.73

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3 years ago

The cashew industry is perfectly competitive and until now each of the identical firms in the industry have been earning zero ec

gladu [14]

Answer:

a. iii. Too little

b. i. The industry's supply of cashews will exceed Q1 and the price of cashews will equal P1.

Explanation:

Allocative efficiency refers to the point in production where Marginal Revenue equals Marginal cost. As this is a perfectly competitive market, marginal revenue is the same as price which as shown in the question, exceeds Marginal cost. The firms are therefore producing too little to achieve allocative efficiency and need to produce more to make price and marginal cost equal.

In the long run, the firms will produce more such that supply would exceed the original quantity supplied of Q1. This will lead to the price falling back to P1 as there is now less scarcity.

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2 years ago

According to the textbook, an organization should have only one central plan that guides the organization towards its goals. In

Ainat [17]

in other words, the plan should have Accuracy

No matter what plan you have, sometimes you have to make some adjustments in order to survive from the problems.

But whatever adjustments you made during that, it should not stray from the original central plan in order for the company to achieve its goals

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3 years ago

Taylor and Sons buys equipment on Aug. 1, 2008 for $100,000 cash. They estimatethe equipment will have a salvage value of $13,00

larisa86 [58]

Answer:

Journal Entry

Dr. Depreciation Expense $7,250

Cr. Accumulated Depreciation $7,250

Explanation:

Depreciation is a expense which is charged against an asset over its useful life due to wear and tear of that asset. This expense is recorded as and Expense in Income statement and accumulated in an contra asset account asset account until the disposal of the asset.

Cost of Equipment = $100,000

Useful life of the asset = 5 years

Salvage value of the asset = $13,000

Depreciable value of the asset will be expenses equally every year over 5 years.

Depreciable value = Cost of the asset - Salvage value = $100,000 - $13,000 = $87,000

Depreciation Expense = Depreciable Value / Useful Life of the asset = $87,000 / 5 years = $17,400 per year

As only 5 month have been passed in 2008, the depreciation expense account will be charged as follow

Depreciation charge in 2008 = $17,400 x 5 / 12 = $7,250

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3 years ago