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hichkok12 [17]
3 years ago
12

The Consumer Price Index A. is the ratio of the average price of a typical basket of goods to the cost of producing those goods

B. compares the cost of the typical basket of goods consumed in period 1 to the cost of a basket of goods typically consumed in period 2 C. measures the average of the prices paid by urban consumers for a fixed basket of goods and services D. measures the increase in the prices of the goods included in GDP
Business
1 answer:
zepelin [54]3 years ago
8 0

Answer:

compares the cost in the current period to the cost in a reference base period of a basket of goods typically consumed in the base period.

Explanation:

The consumer price index refers to the price change with related to the goods and services consumed by the consumer or purchased i.e foods, medicine, clothing, etc

Moreover, it also determines the changes in the price level as compare to the base year

And, there is a negative relationship between the price level and the money value.

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Mickey is a 12-year-old dialysis patient. Three times a week for the entire year he and his mother, Sue, drive 20 miles one way
gavmur [86]

Answer:

The right approach will be "$ 1123.2".

Explanation:

The number of miles to be used will be:

= 40 \ miles \ round \ trip\times  3 \ trips \ per \ week\times 52 weeks

= 6240 \ miles

Now,

The item deduction will be:

= Number \ of \ used \ miles\times 18 \ cents \ per \ mile

= 6240\times 1123.2

= 1123.2 ($)

4 0
3 years ago
Beginning inventory, January 1 1,450 $ 50 Transactions during the year: a. Purchase, January 30 2,150 62 b. Sale, March 14 ($100
atroni [7]

Answer:

cost of goods sold is $197,800

ending inventory is $55,000

Explanation:

LIFO System is an Inventory Management Method that sells the Recent Inventory Acquired First followed by older Inventory.

<u><em>Cost of Goods Sold</em></u>

March 14 = (1,380×$62) = $85,560

August 31 = (1,130×$80) =  $90,400

                 =  (70×$62)    =   $ 4,340

                 = (350×$50)   =  $ 17,500

Total                                =  $197,800

<em><u>Closing Inventory</u></em>

(1,100×$50) = $55,000

6 0
4 years ago
By manipulating the money_____, the Federal reserve can change _____ rates, thus encouraging or dicouraging additional investmen
Vadim26 [7]

Answer:

Supply, interest

Explanation:

The money supply can be regarded as supply of all the currency as well as other liquid instruments in the economy of a particular country.

Money supply can be manipulated by central bank by influencing interest rates, as well as printing money. The federal reserve can also engage in open market operations which is the selling/buying security or bond of government. It should be noted that By manipulating the money supply the Federal reserve can change interest rates, thus encouraging or dicouraging additional investment.

7 0
3 years ago
Which of the following statements about investing is TRUE?
Bad White [126]

Answer:

3. Investing is riskier than putting money in a savings accounts.

Explanation:

Investing involves putting money in profits generating ventures. It is risky because the money invested may be lost should the venture make losses instead of profits. Investments activities include buying of shares and other marketable securities or starting and operating a business. Should the business or investment do well, the returns or profits can be attractive.

Saving is putting money aside for future consumption. Saving may be done through savings accounts that as safe and secure. Money saved is risk-free. The possibility of losing it is very minimal. Because money saved is kept safe, it does not generate much income for the owner.

3 0
3 years ago
Your company wants to hire a third-party vendor to handle all of the customer service calls because they are a well-known leader
Fantom [35]

Answer:

The correct answer is the option A: Include the following in your presentation.

Explanation:

First of all, if as a manager you look forward to convince your employer to not hire a third-party that carries your area then the most effective recommendation would be to include the majority of info that is neccesary in a statement that proves the value that you have in the area and that there is no need of increasing the costs by involving another party. That is why, that by identifying the fallacious in the learning team, selecting five points that support your decision, descrbing how your logical reasoning counteracts the fallacious and summarizing why your seleceted business decision would be more effective would increase the fact of convincing the employer.

7 0
3 years ago
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