Answer:
The most viable answer is Option A.
Because CPI deals with changes in price level of average market basket of consumer goods purchased by households.
B. 400$...
I actually got 3.999 so I rounded is that acceptable??
Answer:
A. Matched Samples
Explanation:
Matched samples is a situation whereby participants are paired, sharing every other characteristics except the one under investigation. The idea behind this is to have more control over unwanted variables. In this case, the study is measuring two production methods and in order to control the unwanted variable and leave only the characteristic or variable under investigation which is the production method, the two method is carried out by the same workers each.
Answer:
As a percentage of sales, Caterpillar’s gross profit decreased during 2016.
Explanation:
Gross profit is the net of Sales amount and cost of goods sold for the year. Gross profit is the profit earned from the activities of the business before incorporation of operating expenses.
2016 2015
Sales $38,537 $47,011
Less: Cost of goods sold <u>$28,309</u> <u>$33,546</u>
Gross Profit <u>$10,228</u> <u>$13,465</u>
GP as percentage of sale 26.54% 28.64%
Working
GP 2016 = ( $10,228 / $38,537 ) x 100 = 26.54%
GP 2015 = ( $13,165 / $47,011 ) x 100 = 28.64%
