Answer:
Jennifer earned more than her mother
Explanation:
Consumer Price Index (CPI) measures changes in the weighted average prices of a basket of consumer goods and services. It is calculated by taking price changes for each item in the basket of goods and services and then calculating the average. CPI can be used to index the effect of inflation in the real value of wages, salaries, and pensions; to regulate prices; and to deflate monetary magnitudes.
Given:
- Jennifer earns $55000 at her first job today.
- Jennifer mom used to make $15,000 at her first job in 1975.
- Today CPI is 231
- CPI in 1975 was 82
($15000/82) × 231 = $42256
($55000/231) × 82 = $19524
Jennifer earned more than her mother
Answer:
A laptop computer that you want to purchase was originally priced at $1225. You will receive a 20% student discount, and the sales tax rate is 8%. How much money will you pay for the laptop?
$1058.4
Explanation:
20/100 x 1225= 245 discount
1225-245= 980 original student price
price plus sales tax = 8/100= 0.08 x 980= 78.4
78.4 + 980= $1058.4
Answer:
136.11
Explanation:
Consumer price index = price of basket current year/ price of basket base year x 100
For 2015( 3units pork x $20 + 4 units corn x $12) = $108
For 2016( 3units pork x $25 + 4 units corn x $18) = $147
CPI = $147/$108 x 100
= 136.11
Answer:
The correct answer to the following question will be "The Wealth of the Nations".
Explanation:
- Adam Smith, a writer wrote a book recognized as Wealth of Nations to spread the values of entrepreneurship as well as international enterprise during the year 1776.
- He believed that the United States would unquestionably foster a more stable and successful as well as continuing to grow financial status for anyone who could do it adequately.
So that the above would be the right answer.
Answer:
List is as follows:
(a) Accounts payable - B
(b) Inventory - B
(c) Interest revenue
- I
(d) Long-term debt
- B
(e) Net cash used for financing activities - C
(f) Salary expense
- I
(g) Cash h. Dividends - B, C
(h) Dividends
- R, C
(i) Increase or decrease in cash - C
(j) Net income - I, R, C
(k) Net cash provided by operating activities - C
(l) Retained earnings - R, B
(m) Sales revenue -I
(n) Common stock - B