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2 years ago

The Consumer Price Index (CPI) is best used to determine

Business

2 answers:

nlexa [21]2 years ago

8 0

The answer is "B) the rate of inflation".

Inflation alludes to a general increment in the Consumer Price Index (CPI), which is a weighted normal of costs for various products. The arrangement of products that make up the record relies upon which are viewed as illustrative of a typical utilization crate. Therefore, contingent upon the nation and the utilization propensities for most of the populace, the file will include diverse merchandise. A few merchandise may record a drop in costs, though others may build, along these lines the general estimation of the CPI will rely upon the heaviness of every one of the products as for the entire bin. Yearly expansion, alludes to the percent change of the CPI contrasted with that same month of the earlier year.

oksano4ka [1.4K]2 years ago

5 0

Option (B) is correct.

The consumer price index is best used to determine the rate of inflation.

Further Explanation:

Consumer Price Index: Consumer Price Index is a measurement that analyzes the price of various goods and services basket over the years to conclude the change in the price of the goods and services over the years.

CPI is used for determining inflation. All the identical goods and services are divided into baskets, and then the weighted average price of the basket is compared to the prior year’s weighted average price. It measures the change in the price. Inflation is the increase in the price of goods over the years. The comparison of the prices of several years would be helpful for determining the inflation rate for the current year.

Thus, the Consumer Price Index (CPI) is the best used for determining the rate of inflation.

Justification for the correct and incorrect option:

The Dow Jones Index: This is an incorrect option.

The Dow Jones Index is a stock market index. It deals with the value of the listed stocks.

The rate of inflation: This is the correct option.

Consumer Price Index is used for determining the change in the price of the goods and service over the period.

The unemployment rate: This is an incorrect option.

The unemployment rate is the rate of unemployed citizens in an economy.

Currency exchange rates: This is the incorrect option.

The currency exchange rate is the rate at which two currencies are exchanged with each other.

Learn more:

1. Learn more about the demand and supply

brainly.com/question/8794304

2. Learn more about the size of the economic pie

brainly.com/question/6156396

3. Learn more about the economy of Iceland

brainly.com/question/3640343

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Inflation

Keywords: CPI, Consumer Price Index, determine, Dow Jones Index, rate of inflation, unemployment rate, currency exchange rates, goods and services, bucket, change in price, prior year, previous year, current year.

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The correct answer is letter "A": Modified rebuy.

Explanation:

A modified rebuy is a purchase usually made within a supply chain where a supplier has bought some goods initially but for the next purchase, the supplier requests changes in the purchase -whereas price, product specifications or terms- to better match the supplier's demands.

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3 years ago

Trial Balance September 30, 2022

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Answer:

T- accounts:

Cash

Date Account Title Debit Credit

Oct. 1 Balance $23,640

Oct. 5 Accounts receivable 1,310

Oct. 15 Salaries $1,110

Oct. 17 Service Revenue 580

Oct. 20 Accounts Payable 1,830

Oct. 29 Dividend 250

Oct. 31 Utilities 420

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Date Account Title Debit Credit

Oct. 1 Balance $7,040

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Supplies

Date Account Title Debit Credit

Oct. 1 Balance $4,270

Equipment

Date Account Title Debit Credit

Oct. 1 Balance $10,170

Accounts Payable

Date Account Title Debit Credit

Oct. 1 Balance $9,240

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Unearned Service Revenue

Date Account Title Debit Credit

Oct. 1 Balance $3,270

Common Stock

Date Account Title Debit Credit

Oct. 1 Balance $19,440

Retained Earnings

Date Account Title Debit Credit

Oct. 1 Balance $13,170

Service Revenue

Date Account Title Debit Credit

Oct. 10 Accounts receivable $5,410

Oct. 17 Cash 580

Salaries Expense

Date Account Title Debit Credit

Oct. 15 Cash $1,110

Dividend

Date Account Title Debit Credit

Oct. 30 Cash $250

Utilities Expense

Date Account Title Debit Credit

Oct. 30 Cash $420

Explanation:

a) Data and Calculations:

Trial Balance September 30, 2022

Account Title Debit Credit

Cash $23,640

Accounts Receivable 7,040

Supplies 4,270

Equipment 10,170

Accounts Payable $9,240

Unearned Service Revenue 3,270

Common Stock 19,440

Retained Earnings 13,170

$45,120 $45,120

b) Journal Entries:

Oct. 5:

Debit Cash $1,310

Credit Accounts Receivable $1,310

To record cash receipts from customers.

Oct. 10:

Debit Accounts Receivable $5,410

Credit Service Revenue $5,410

To record service revenue.

Oct. 15:

Debit Salaries Expense $1,110

Credit Cash Account $1,110

To record payment of salaries.

Oct. 17:

Debit Cash Account $580

Credit Service Revenue $580

To record performance of services for cash.

Oct. 20:

Debit Accounts Payable $1,830

Credit Cash Account $1,830

To record the payment of cash on account

Oct. 29:

Debit Dividend $250

Credit Cash Account $250

To record the payment of cash dividend.

Oct. 31:

Debit Utilities $420

Credit Cash Account $420

To record the payment for Utilities.

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3 years ago

Direct materials and direct labor of a company total $8300000. If manufacturing overhead is $4150000, what is direct labor cost

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Answer:

The direct labor cost cannot be ascertained from the information given in the question

Explanation:

Direct materials+Direct labor cost= $8300000

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Since such a hint is missing,we can simply guess, costs incurred cannot be shared out on a basis that has no relationship with reality,hence, the correct answer is that the direct labor cost cannot be determined based on details provided.

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3 years ago

The project represented by this resource load chart has a maximum limit of 6 units of resource activity in any day. The first ac

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Complete Question:

The project represented by this resource load chart (see attached) has a maximum limit of 6 units of resource activity in any day. The first activities that are strong candidates for shifting are:

A) Activity A

B) Activities B and C

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D) Activity E and F

Answer:

The first activities that are strong candidates for shifting are:

C) Activities D and E

Explanation:

Activities D and E have a total time of 5 days altogether based on the attached resource load chart. They have the least time and can be shifted to accommodate other activities before they can be tackled sequentially.

A resource load chart displays the total amount of resources required as a function of time in any given project. It is the best method for establishing the existence of some resource conflicts across project activities, especially when compared to Gantt Charts, Network Diagrams, and Pareto Diagrams.

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3 years ago

1. Which of the following events would make it more likely that a company would call its outstanding callable bonds? a. The comp

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The answer is letter C

Explanation:

Market interest rates decline sharply.

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3 years ago