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ahrayia [7]
3 years ago
5

The consumer price index (CPI) is used to compute inflation.

Business
2 answers:
Murljashka [212]3 years ago
4 0

Answer:

true

Explanation:

mestny [16]3 years ago
3 0

ANSWER: The correct answer is True. Consumer price Index computes inflation or market basket of consumers.

Explanation: It measures the price changes in the goods or services basket for consumers which represents the consumption expenditure in the economy. It is calculated on various  categories or  sub- categories like,urban or rural. It measures the inflation rate and scans the percentage change of the  index over a period of time. It measures increase in the price of households basket.

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The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) includes controls related to th
Lina20 [59]

Answer:

A. Compliance with applicable laws and regulations.

Explanation:

The definition of internal control developed by the Committee of Sponsoring Organizations (COSO) includes controls related to the reliability of internal and external reporting, the effectiveness and efficiency of operations, and Compliance with applicable laws and regulations.

7 0
3 years ago
Suppose an industry has 100 firms, each with a supply curve P = 50 + 10Q . Furthermore, suppose the market demand curve is given
elena-14-01-66 [18.8K]

Answer: See explanation

Explanation:

The industry supply curve will be the supply curve given multiplied by the total number of firms. This will be:

P = 50 + 0.1Q

Check: since Q = 100

P = 50 + 10/100Q

P = 50 + 0.1Q

To get the Equilibrium price and quantity, we've to equate the market demand curve and supply. This will be:

Market demand = P = 200 - 0.9Q

Market Supply = P = 50 + 0.1Q

Therefore,

200 - 0.9Q = 50 + 0.1Q

200 - 50 = 0.1Q + 0.9Q

150 = Q

Equilibrium quantity = 150 units

Since P = 50 + 0.1Q

P = 50 + 0.1(150)

P = 50 + 15

P = 65

Equilibrium price is 65.

The units of output that will be produced by a firm operating in this market with a marginal cost function, MC = 130Q will be 2.

8 0
3 years ago
A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per un
harina [27]

Answer:

Cost of goods sold= $133

Explanation:

Giving the following information:

A company uses a periodic inventory system. On August 1, the company had 6 items of beginning inventory with a cost of $7 per unit. On August 3, the company purchased 16 units at $14 per unit. Then, on August 5, the company sold 12 units. The 12 units sold consisted of 7 units from the August 3rd purchase and 5 units from the August 1st beginning inventory.

Cost of goods sold= 7*14 + 5*7= $133

7 0
3 years ago
conservationists tend to believe that resources should be saved because they are important for a strong economic system.
Nata [24]

Conservationists tend to believe that resources should be saved because they are important for a strong economic system and <u>used by all living things</u>

<h3>Who is a Conservationist?</h3>
  • The conservation movement also referred to as nature conservation, is a political, environmental, and social movement that works to manage and safeguard natural resources, including animal, plant, and fungal species as well as their habitat, for the benefit of present and future generations.
  • Environmental conservationists strive to leave the environment in better shape than when they found it.
  • Data-based conservation aims to increase the efficacy of conservation activities by utilizing credible scientific evidence.
  • To preserve natural resources including fisheries, wildlife management, water, soil, conservation, and sustainable forestry, the early conservation movement developed out of necessity.
  • The modern conservation movement now includes biodiversity preservation in addition to the early movement's focus on the sustainable use of natural resources and the protection of wilderness regions.

To learn more about Conservationists with the given link

brainly.com/question/28299995

#SPJ4

4 0
1 year ago
A government collects $70 billion quarterly in tax revenue. Each year it allocates $15 billion to the justice system and $29 bil
Anton [14]

Answer:

84.29%

Explanation:

Quarterly tax revenue collected = $70 billion

Thus,

annual tax revenue collected = $70 billion × 4

= $280 billion

Total amount allocated = $15 billion + $29 billion

= $44 billion

Therefore,

Percentage of annual tax revenue allocated

= [ $44 billion ÷ $280 billion ] × 100%

= 15.71%

Hence,

Percentage of its total annual tax revenue is left for allocation to the remaining categories of government spending

= 100% - 15.71%

= 84.29%

4 0
3 years ago
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