1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tanzania [10]
3 years ago
8

Suppose a basket of goods and services has been selected to calculate the consumer price index (CPI) and 2002 has been chosen as

the base year. In 2002, the basket’s cost was $76.00; in 2004, the basket’s cost was $79.50; and in 2006, the basket’s cost was $85.00. The value of the CPI was:a.no more than 90 in 2001.b.100 in 2002.c.at least 118 in 2007.d.108 in 2004.e.120 in 2006.
Business
1 answer:
Rudiy273 years ago
4 0

Answer:

b.100 in 2002

Explanation:

This question can be solved without any calculations. When calculating consumer price index, the CPI for the year chosen as base is always 100. In this case, 2002 was chosen as the base year and, therefore, the CPI was 100 in 2002. Since that is one of the alternatives, no further steps are required and the answer is alternative b.

You might be interested in
Suppose that when Sue’s disposable income is $10,000, she spends $8,000, and when her disposable income is $20,000, she spends $
soldier1979 [14.2K]

Answer:

The correct answer is: 2,000; 0.4

Explanation:

We can write the initial consumption function as,

C = a + bY

8,000 = a + 10,000b

a = 8,000 - 10,000b

The new consumption function is,

14,000 = a + 20,000b

Putting value of a in this function

14,000 = 8,000 - 10,000b + 20,000b

14,000 - 8,000 = 10,000b

b  = \frac{6,000}{10,000}

b = 0.6

Putting the value of b in the initial function,

8,000 = a + 10,000 \times0.6

a = 8,000 - 6,000

a = $2,000

The marginal propensity to consume or b is 0.6.

The marginal propensity to save will be

= 1 - 0.6

= 0.4

7 0
3 years ago
Assume an investor thinks the stock market is about to undergo a sharp retreat. under these conditions, the investor’s best cour
Svetach [21]

Assume an investor thinks the stock market is about to undergo a sharp retreat. under these conditions, the investor’s best course of action would be to interest rate future.

Buyers and sellers can trade equity shares of public firms in stock exchanges. Due to their ability to democratize access to investor trading and capital exchange, stock markets are essential elements of a free-market economy. Prices are discovered and traded in stock markets in an efficient manner.

Shares of publicly traded corporations are traded in stock market. In an initial public offering (IPO), corporations sell shares to the general public on the primary market in order to raise money.

Learn more about stock market here

brainly.com/question/18124452

#SPJ4

3 0
1 year ago
On January 1, Year 2, Kincaid Company's Accounts Receivable and the Allowance for Doubtful Accounts carried balances of $76,000
trapecia [35]

Answer:

The effect the entry to recognize the uncollectible accounts expense for Year 2 will have on the elements of the financial statements are that it will reduce Accounts Receivable to $15,560 and the Allowance for Doubtful Accounts to $1,900 at the end of Year 2.

Explanation:

Credit sales estimated to be uncollectable = Credit sales * Estimated percentage uncollectable = $215,000 * 1% = $2,150

Ending account receivable = Beginning accounts receivable + Credit sales - Cash collected - Receivales written off as uncollectable - Credit sales estimated to be uncollectable = $76,000 + $215,000 - $271,100 - $2,100 - $2,150 = $15,560

Ending Allowance for Doubtful Accounts = Beginning Allowance for Doubtful Accounts - Allowance for Doubtful Accounts - Receivales written off as uncollectable = $4,000 - $2,100 = $1,900

Therefore, the effect the entry to recognize the uncollectible accounts expense for Year 2 will have on the elements of the financial statements are that it will reduce Accounts Receivable to $15,560 and the Allowance for Doubtful Accounts to $1,900 at the end of Year 2.

8 0
2 years ago
Our last four periods had sales, from oldest to most recent, of 100, 200, 130, and 300. what is the three-period ma
masya89 [10]
<span>Sales during the last four periods are in the order from older to recent as 100, 200, 130, and 300. Moving average is a successive average calculated from the successive segments. So the third month moving average MA3 = (200 + 130 + 300) / 3 = 630 / 3 = 210 So the answer is 210.</span>
6 0
2 years ago
Copperhead Trust has the following classes of​ stock: LOADING...​(Click the icon to view the​ data.) Read the requirementsLOADIN
sergeinik [125]

Answer:

Find attached complete question:

common stock dividends is $38,960

preferred stock dividends is $5,040

Explanation:

Going by the complete question,preferred stock dividends is computed thus:

preferred stock dividends=number of shares*par value*dividend rate

number of shares is 7000 (issued and outstanding)

par value of share is $12

dividend rate is 6%

preferred stock dividend=7000*$12*6%=$5040

The preferred stockholders would receive $5040 dividends while the remainder of dividends goes to common stockholders as shown below

Total dividends                              $44,000

preferred stock dividends             ($5040)

common stock dividends              $38,960

Download xlsx
6 0
2 years ago
Other questions:
  • Mirembe is interested in receiving income to help save money for her grandson's college education. She is considering investing
    5·1 answer
  • In one or two sentences, describe how the first-come, first-served distribution method works.
    10·2 answers
  • How much interest will Dorothy earn on $200 deposited in an account that pays 5 3/4% interest annually if she leaves the money i
    6·1 answer
  • Examine transnet in terms of the characteristics of a monopoly
    14·1 answer
  • HELP PLSSS
    14·1 answer
  • Are people’s needs limited?
    5·2 answers
  • What is the action called that unreasonably restricts competition and functions against the public interest?
    11·1 answer
  • Artifacts reflecting values of an organization include Select one: a. Mission statements b. An office layout that includes open
    9·1 answer
  • To what extent is debt cancelled in a personal bankruptcy taxable as cancellation-of-debt income
    12·1 answer
  • please hurry!! Which of the following is a common behavior for an active listener? Look at your notes to make sure they are accu
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!