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2 years ago

What is the impact of 7.4 cpi on consumers

1 answer:

3 0

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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The Ferre Publishing Company has three service departments and two operating departments. Selected data from a recent period on

Jet001 [13]

Answer:

The Ferre Publishing company

Service Costs Assigned to each Operating Department:

Service Departments Operating Departments

Admin. Janitorial Mainten. Binding Printing Total

Costs $168,000 $126,000 $57,600 $330,000 $516,000 $1,197,600

Admin (168,000) 100,800 67,200 0

Janitorial (126,000) 36,000 90,000 0

Maintenance (57,600) 19,200 38,400 0

Total cost $486,000 $711,600 $1,197,600

Explanation:

a) Data and Calculations:

Service Departments Operating Departments

Administration Janitorial Maintenance Binding Printing Total

Costs $168,000 $126,000 $57,600 $330,000 $516,000 $1,197,600

Number of

employees 60 35 140 315 210 760

Square feet of

space occupied 15,000 10,000 20,000 40,000 100,000 185,000

Hours of

press time 30,000 60,000 90,000

Allocation bases:

Administration cost = Number of employees 525

Janitorial cost = Square feet 140,000

Maintenance cost = Hours of press time 90,000

Allocation Rates and to Operating Departments:

Administration $168,000/525 = $320 per employee

Binding = 315 * $320 = $100,800

Printing = 210 * $320 = $67,200

Janitorial costs = $126,000/140,000 = $0.90 per square feet

Binding = 40,000 * $0.90 = $36,000

Printing = 100,000 * $0.90 = $90,000

Maintenance costs = $57,600/90,000 = $0.64 per press hour

Binding = 30,000 * $0.64 = $19,200

Printing = 60,000 * $0.64 = $38,400

3 0

3 years ago

Suppose that Larimer Company sells a product for $24. Unit costs are as follows:

MrMuchimi

Answer:

Unitary variable cost= $8.08

Contribution margin= $15.92

Explanation:

Giving the following information:

Direct materials $4.98

Direct labor 2.10

Variable factory overhead 1.00

The variable cost per unit is the sum of direct material, direct labor, and variable overhead.

Unitary variable cost= 4.98 + 2.1 + 1= $8.08

The contribution margin per unit is the difference between the selling price and the unitary variable cost:

Contribution margin= 24 - 8.08= $15.92

6 0

3 years ago

Claremore Company received $7,000 as payment from Tulsa Company for a sale made on account in the previous month. Which of the f

Inessa [10]

Answer:

a. Cash 7,000 Accounts Receivable 7,000

Explanation:

As for the information provided, the payment is received for a sales made in last month, and thus entry at the time of sales shall be:

Accounts Receivables A/c Dr. $7,000

To Sales $7,000

Therefore, when the amount is collected today it will increase cash by debiting cash for the same amount.

Further, balance of accounts receivables will be decreased by crediting such account.

Therefore, correct option is

a. Cash 7,000 Accounts Receivable 7,000

7 0

3 years ago

The following information is available to reconcile Branch Company’s book balance of cash with its bank statement cash balance a

Natali5045456 [20]

Answer:

Adjusted Balance 31,671

Explanation:

Balance 25,497

Service Charge -11

Collection in firm behalf 7,000

NSF -805

accounting mistake -10

Adjusted Balance 31,671

Balance 26,808

Outstanding Check -3,269

Deposit in transit 8,132

Adjusted Balance 31,671

The goal of the reconciliation is to make up for the unknow information for each party. The bank and the firm We are goin to make jounral entries for all the infoamrition which is unknow to the firm until the bank statement is received.

8 0

3 years ago

DEF Ltd is a global leader in the manufacture, integration and support of networking and telecommunications systems. The company

Serjik [45]

Some of the challenges of this company include lack of control over financial reporting in all branches, and inaccurate data to make decisions for next years.

DEF Ltd's main problem is the inaccuracy regarding the recognition of revenue and other inconsistencies in financial reporting. This problem includes:

Inaccuracies related to revenue and deferred revenue.
Lack of documentation of some transactions.

Moreover, these problems are intended to be solved through a review process and training seminars. These two ideas are useful for the problem; however, the company might face some challenges and problems such as:

Lack of control in all branches: DEF Ltd seems to be a big company with multiple branches around the world. This makes it difficult for the company to control all financial records even if employees are educated about the process through seminars.
Inaccurate data for next periods: Considering there are lots of inconsistencies and some of the reports are incomplete, it is likely even after the review process the company does not have complete information about the previous transactions or revenues. This can affect future projections and decisions.

Note: This question is incomplete; here is the missing part:

Using the disclosures above as a starting point, brainstorm about the challenges regarding internal controls and that a company may face in doing business internationally?

Learn more in: brainly.com/question/10916805

5 0

2 years ago