A) credit union is a group of people who agree to save their money together and to make loans to each other at a relatively low rate of interest.
Answer:
2014 CPI= 101.5
2013 CPI= 100.8333333
2014 Inflation Rate= 0.66%
Explanation:
Consumer Price Index (CPI):
The index is calculated by taking the price of the basket in one year and dividing it by the price of the basket in another year. This ratio is then multiplied by 100.
Basket Price:
is the sum of the product of the quantitys and prices of the goods thata compose the basket for any given year.
Inflation Rate:
CPI (x+1) - CPI (x)
_____________
CPI (x)
Answer:
$1,500
Explanation:
The computation of the firm operating income is shown below:
= Sales - operating cost other than depreciation - depreciation expenses
= $9,000 - $6,000 - $1,500
= $1,500
We simply deduct the operating cost and the depreciation expenses from the sales revenue amount to find out the earnings before income and taxes (EBIT) or firm operating income
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