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4 years ago

Which of the problems in the construction of the CPI might be illustrated by each of the following situations? Explain.

1 answer:

6 0

I think CPI or Consumer Price Index is best explained with letter C.

c. increased personal computer purchases in response to a decline in their price.
The changes in the market can affect the product's CPI.

I hope this answered your question.

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If firms in a competitive industry begin to earn profit in the short run, new firms will enter. This will shift the industry a.

xxTIMURxx [149]

Answer:

c. supply curve to the right, meaning market price will fall.

Explanation:

If firms in a competitive market start to make a large profit, more firms will enter that market because they will also want a share of it. As more firms enter the market, total quantity supplied will increase, shifting the supply curve to the right and lowering the equilibrium price.

3 0

4 years ago

A group of 4 children and 7 adults are going to the zoo. Child tickets cost $4, and adult tickets cost $8. How much will the zoo

Musya8 [376]

Answer:

The answer is $72

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4 years ago

Read 2 more answers

A maple sugar manufacturer wants to estimate the average trunk diameter of sugar maples trees in a large forest. there are too m

In-s [12.5K]

I would say this is an example of a sample that is in part controlled ie 10m x 10m size samples and random ie by which plots to use for the sample. The goal is to obtain a representative sample so as long as the random samples are spaced fairly regularly throughout the area in question, then it should be reasonably representative.

3 0

4 years ago

Stephanie is 60 years old and is in the 30% tax bracket. Fifteen years ago, she established a Roth IRA that now has a balance of

Vika [28.1K]

Answer:

b. not have to pay taxes on her withdrawal

Explanation:

Options are "a. pay $6,000 in taxes b. not have to pay taxes on her withdrawal, c. have to pay payroll taxes. d. have to pay a 10% penalty on her withdrawal."

For the year 2020, if the age of the person making the withdrawal is more than 59 1/2 years and the balance in Roth IRA account is kept for more than 5 years then, the funds in such account can be withdrew without any taxes and penalties and that too without any conditional requirements.

6 0

3 years ago

Carrier Lennox Trane York Sales $ 150,000 $ 550,000 $ 38,700 $ 255,700 Sales discounts 5,000 17,500 600 4,800 Sales returns and

kvv77 [185]

Answer:

The Net sales of Carrier, Lennox, Trane, York is $125,000, $526,500, $33,000 , and $250,000 respectively

The gross profit of Carrier, Lennox, Trane, York is $45,250, $196,911, $8,547, and $123,500 respectively

The gross margin ratio of Carrier, Lennox, Trane, York is 36.2%, 37.4%, 37.4%, and 49.4% respectively.

Explanation:

The computation of the net sales is shown below:

= Sales - sales discounts - sales returns and allowances

For Carrier, the net sales would be

= $150,000 - $5,000 - $20,000

= $125,000

For Lennox, the net sales would be

= $550,000 - $17,500 - $6,000

= $526,500

For Trane, the net sales would be

= $38,700 - $600 - $5,100

= $33,000

For York, the net sales would be

= $255,700 - $4,800 - $900

= $250,000

The computation of the gross profit is shown below:

= Net sales - cost of goods sold

For Carrier, the gross profit would be

= $125,000 - $79,750

= $45,250

For Lennox, the gross profit would be

= $526,500 - $329,589

= $196,911

For Trane, the gross profit would be

= $33,000 - $24,453

= $8,547

For York, the gross profit would be

= $250,000 - $126,500

= $123,500

The computation of the gross margin is shown below:

= (Gross margin ÷ net sales) × 100

For Carrier, the gross margin ratio would be

= ($45,250 ÷ $125,000) × 100

= 36.2%

For Lennox, the gross margin ratio would be

= ($196,911 ÷ $526,500) × 100

= 37.4%

For Trane, the gross margin ratio would be

= ($8,547 ÷ $33,000) × 100

= 25.9%

For York, the gross margin ratio would be

= ($123,500 ÷ $250,000) × 100

= 49.4%

7 0

4 years ago