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4 years ago

14

Suppose the consumer price index for one year was 120 and for the next year it was 132. what is the corresponding inflation rate

?

1 answer:

Bond [772]4 years ago

4 0

The corresponding inflation rate is 10%

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Your home insurance provides for replacement value for personal property losses. A microwave is stolen. It cost $300 two years a

goldfiish [28.3K]

Answer:

$400

Explanation:

Since your insurance policy provides for replacement value, then if your microwave is stolen, the insurance company must pay the cost of a new and similar microwave oven. Insurance is not about gaining or losing money, it's about returning the insured to its previous financial state before the incident happened.

In this case the insurance company has to pay a higher amount, but sometimes the replacement value might be lower, e.g. high tech products are usually very expensive in their introduction stage but then their prices start to decrease at the growth or maturity stages.

7 0

4 years ago

Support department cost allocation—comparisonBecker Tabletops has two support departments ( Janitorial and Cafeteria) and two pr

Helen [10]

Answer:

a. The most support department cost is allocated to assembly department

b. The most support department costs under the sequential method is allocated to cutting department

c. The most support department costs under the reciprocal services method is allocated to Cutting department .

Explanation:

a. Allocated costs to cutting department = $62000 + $126,750 = $188,750

Allocates costs to assembly department = $248,000 + $42,250 = $290,250

Conclusion: The most support department cost is allocated to assembly department

b. Allocated costs to cutting department = $31,000 + $243,000 = $274,000

Allocates costs to assembly department = $124,000 + $81,000 = $205,000

Allocates costs to cafeteria department = $155,000

Conclusion: The most support department costs under the sequential method is allocated to cutting department .

c. Allocated costs to cutting department = $38,200 + $216,000 = $254,200

Allocates costs to assembly department = $152,800 + $72,000 = $224,000

Conclusion: The most support department costs under the reciprocal services method is allocated to Cutting department .

3 0

3 years ago

A firm only has current assets and fixed assets. Its current assets are $100,000 and total assets are $300,000. The firm's sales

iris [78.8K]

Answer:

Firm's fixed asset turnover = 4.5

Explanation:

Given:

Current assets = $100,000

Total assets = $300,000

Firm's sales = $900,000

Find:

Firm's fixed asset turnover

Computation:

Fixed assets = Total assets - Current assets

Fixed assets = $300,000 - $100,000

Fixed assets = $200,000

Fixed asset turnover = Sales / Fixed asset

Firm's fixed asset turnover = $900,000 / $200,000

Firm's fixed asset turnover = 4.5

6 0

3 years ago

What happens when you make a purchase using a credit card?

harkovskaia [24]

It takes ur money out and away

4 0

4 years ago

Read 2 more answers

Which of the following statements is CORRECT?

Shtirlitz [24]

"D" is the CORRECT and the most appropriate option our of all the options

Explanation:

There are many type of unethical practices in the business.

1. Differentiation - The main motive of the ethics is to understand the difference between right and wrong as the executive can provide information to the stockholders but not anyone outside the firm.

2. Loyalty - It is important when the employee is linked with any organisation to keep all its secrets as it known as Business Ethics.

3. Representation - As the employee represent the business entity , its image is at stake with the employee. Henceforth no such deed should be done.

6 0

4 years ago