All categories

3 years ago

Suppose that 1983 is the base year for the consumer price index (cpi) and in 2014 the cpi was 220. what does this "220" mean?

1 answer:

8 0

CPI refers to a weighted average of the price of a basket of essential goods and services over a period of time in comparison to the same period in the past (base period). The value of '220' means that prices of the goods/services in the aforementioned basket are 120% higher than they were during the base period (1983). The purpose of calculating this metric is to highlight the effect of inflation on the purchasing power of the people within that particular place. Examples of goods and services that are often included in this basket are food, housing transport and healthcare (based on the consumer habits of that particular place.

You might be interested in

Business intelligence is best defined as the use of information systems to ________. A. screen potential employees for minimum

Angelina_Jolie [31]

I think the answer is your mom simply

5 0

3 years ago

Consider the following transactions for Huskies Insurance Company:

PilotLPTM [1.2K]

Answer:

31-Dec

Dr Depreciation expense $7,000

Cr Accumulated Depreciation - Equipment $7,000

31-Dec

Dr Interest receivable $1,750

Cr Interest revenue $1,750

31-Dec

Dr Deferred Revenue $4,000

Cr Revenue or Service Revenue $4,000

Explanation:

Preparation of the necessary adjusting entry for Huskies Insurance at its year-end of December 31.

31-Dec

Dr Depreciation expense $7,000

Cr Accumulated Depreciation - Equipment $7,000

(Being to adjust 12 month depreciation)

31-Dec

Dr Interest receivable ($50,000 x 7% x 6/12) $1,750

Cr Interest revenue $1,750

(Being to adjust 6 month interest revenue accrued)

31-Dec

Dr Deferred Revenue ($16,000 x 3/12) $4,000

Cr Revenue or Service Revenue $4,000

(Being to record earned revenue for 3 months)

6 0

2 years ago

Shasta Fixture Company manufactures faucets in a small manufacturing facility. The faucets are made from brass. Manufacturing ha

k0ka [10]

Answer:

a. Determine the standard cost per unit for direct materials and direct labor.

standard direct labor rate = $20 x 30/60 minutes = $10 per faucet

standard direct materials rate = $1.80 x 2.5 lbs = $4.50 per faucet

b. Determine the direct materials price variance, direct materials quantity variance, and total direct materials cost variance.

direct materials price variance = (actual price x actual quantity) - (standard price x actual quantity) = ($1.95 x 13,000) - ($1.80 x 12,500) = $25,350 - $22,500 = $2,850 UNFAVORABLE

direct materials quantity variance = (standard price x actual quantity) -(standard price x standard quantity) = ($1.80 x 13,000) - ($1.80 x 12,500) = $23,400 - $22,500 = $900 UNFAVORABLE

total direct materials variance = direct materials price variance + direct materials quantity variance = $2,850 + $900 = $3,750 UNFAVORABLE

8 0

3 years ago

Investing in stocks and bonds is risky because it is possible to lose all or part of your principal.

Aneli [31]

It's true investing in stocks and bonds is risky because it is possible to lose all or part of your principal.

Investors are unlikely to demand the same returns on their stock investments year after year. Market yields can be expressed as the sum of government bond yields and market risk premiums.

Yes. If you sell bonds before their maturity date, you may incur a loss as the sale price may be lower than the purchase price. Also, if an investor purchases a bond and the company faces financial difficulties, the company may not be able to return all or part of the original investment to the bondholders.

Learn more about bonds at

brainly.com/question/25965295

#SPJ4

8 0

2 years ago

Sabemos que os problemas enfrentados pelas empresas podem ser vários e em várias circunstâncias. Por essa razão, as empresas são

dangina [55]

Answer: C. A tecnologia não pode deixar de fazer parte das atividades das empresas, no século XXI, sendo uma ferramenta que interliga a empresa ineira, em seus processos.

Explanation:

Today, technology is part of our lives in every aspect of our daily lives, that is why it is also and should be a fundamental aspect for companies. Business technology covers many areas and is present in every department of companies regardless of their category or function.

Therefore, for an organizational development plan to be well-founded, it must take into account the use of technology and technological updates.

I hope this information can help you.

6 0

3 years ago