Answer:
CPI in 2020 =142.7
CPI in 2019 = 100
Inflation rate = 42.7%
Explanation:
Inflation is the increase in the general price level. Inflation erodes the value of money.
Consumer Price Index(CPI ): This is the weighted average price of a basket of goods and services consumed by a typical consumer. It is used to measure the rate of inflation.
The increase in the CPI is taken to be the rate of inflation. For example, the CPI rose to 1.09 from 1.00, this implies an inflation rate of 9% within the time period in focus.
The CPI =
The price of a basket of goods in a current year ÷ Divided by the price of a basket of goods in a base year
The consumer price
Value of basket of goods in 2019 = (1000× $2) + (100× $50) + ( 500× $0.10)= 7050
Value of basket of goods in 2020= (1000× $2.50) + (100× $75) + ( 500× $$0.12)=10,060
CPI in 2020 = 10,060/7050× 100 =142.7
CPI in 2019 = 100
CPI in 2020 =142.7
CPI in 2019 = 100
The inflation rate =(142.7/100-1 ) × 100 = 42.7%
Note , we assume the CPI for 2019 is 100, since we were not provided with data to compute the price of a basket of good in 2018
CPI in 2020 =142.7
CPI in 2019 = 100
Inflation rate = 42.7%
Answer:
The Marketing Concept
Explanation:
Marketing concept is a marketing style in which the realization of the organization goals is directly related to knowing the needs and wants of the target markets and delivering the desired satisfactions better than competitors.
The organization utilizes market data to develop a strategy that is able to maintain a balance between satisfying the customer's need and achieving its own goals.
Answer:
At the end of the period, account receivable balance shall be $20,000
Explanation:
Account receivable is an account to register credit sale. It is an asset account and is increased with a debit entry.
In this example, opening balance is $12,000.
Credit sale for the month $30,000
less collections received $22,000
Closing Balance : $20,000
Answer:
<u>(B) </u>the ratio of sales revenue of the firm to the total sales revenue of all firms in the industry, including the firm itself.
Explanation:
market share refers to :
(B) the ratio of sales revenue of the firm to the total sales revenue of all firms in the industry, including the firm itself.
Answer: It's really confusing. its just mid.
Explanation:
