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Alla [95]
3 years ago
5

Fill out the following tables to practice calculating the CPI for different base years (_____/5)

Business
1 answer:
Temka [501]3 years ago
4 0

Answer:

CPI for 2007 where base year is 2006 is 100%

CPI for 2008 where base year is 2007 is 25%

CPI for 2009 where base year is 2008 is -20%

CPI for 2010 where base year is 2009 is 212.5%

CPI for 2011 where base year is 2010 is 60%

Explanation:

The CPI (consumer price index) for different years is calculated by this formula:

CPI= (Current price in X year/base price in X year)

CPI for 2007 if 2006 is the base year. = $40/$20

                                                              =2x100 then we multiply by 100 to get the percentage as the baseline for the CPI .

                                                                =200% - 100%= 100% we then subtract 100% to get how much change over time has happened and in this case CPI is 100% that meanse there was a 100%inflation rate in prices.

CPI for 2008 if 2007 is the base year = $50/$40 we substitute the prices respective to the base year 2007 using the above mentioned formula to calculate CPI.

                                                                  = 1.25 x 100 then we multiply by 100 to get the percentage as the baseline for the CPI for year 2008.

                                                                   =125% -100% = 25% this means that CPI is 25% which there was an inflation rate of 25% between year 2007 and 2008.

CPI for 2009 if 2008 was the base year= $40/$50 we again substitute the prices using the above mentioned formula to calculate CPI where 2008 is now the base year.

                                                                    =0.8x100 to get the percentage we multiply by 100%

                                                                    = 80% - 100%= -20% this means that CPI has decreased by 25% between 2008 and 2009 there was deflation in prices.

CPI for 2010 if 2009 is the base year = $125/$40 we substitute to the above formula where 2009 is the base year.

                                                                 =3.125x 100 we then multiply by 100 to get the percentage of CPI.

                                                                   =312.5%- 100%=212.5% which means there was inflation of 212.5% in prices on the CPI.

CPI for 2011 if 2010 is the base year = $200/$125

                                                                 =1.6x 100

                                                                 =160%-100%

                                                            CPI= 60%  

This means in the economy there was an inflation of 60%.

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aniked [119]

Answer:

small; standardized; little or no

Explanation:

A perfect competition is when there are many firms in an industry selling standardised or identical goods and services. It is characterised by many buyers and sellers . Sellers have small market share because of the large number of sellers in the market. Prices are usually set by market forces. Sellers cannot influence the price their products sell for , therefore, they are price takers.

There is little or no need for advertising as all firms sell identical goods.

I hope my answer helps you.

7 0
3 years ago
An investor was looking at a sixteen-unit apartment building. Four of the units rented for $600, four for $750, four for $725, a
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Answer:

$1,545,000

Explanation:

The formula to compute the cost of the building equal to

Rate of return = (Rental income - expenses) ÷ (cost of building )

where,

Rate of return = 8%

Rental income equals to

= ($600 × 4 units + $750 ×  4 units + $725 × 4 units + $800 × 4 units) ×  12 months

= $138,000

Total expense

= $1,200 ×  12 month

= $14,400

Now the cost of building would be

8% = ($138,000 - $14,400) ÷ (cost of building )

8% = $123,600

So, the cost of building equal to $1,545,000

6 0
3 years ago
Briefly explain the differences between functional, matrix, and project organizations. Describe how each structure affects the m
denis-greek [22]

Answer

The classic function organisation, is a pecking order where every worker has one clearsuperior. Staff individuals are gathered by specialities, for example, generation, promoting, building, and accountingat the top level. Specialties might be additionally subdivided into centered useful units, for example, mechanical and electrical designing. Every department as an utilitarian association will do its venture work autonomously of different offices

Matrix organisation, mirror a mix of practical and projectized characteristics. Matrix organisation can be named feeble, adjusted, or solid relying upon the overall degree of intensity and impact among utilitarian and undertaking chiefs. Powerless framework associations keep up huge numbers of the qualities of a practical association, and the job of the venture director is even more an organizer or expediter.A venture expediter fills in as staff collaborator and correspondences facilitator. The expediter can't settle on or implement choices. Task facilitators have capacity to settle on certain choices, have some position, and report to a more elevated level supervisor. Solid framework associations have a large number of the attributes of the projectized association, and have full-time venture supervisors with extensive position and full-time venture regulatory staff. While the reasonable framework association perceives the requirement for a task supervisor, it doesn't give the venture administrator the full authority over the undertaking and venture financing.

In a projectized organisation, colleagues are regularly colocated. The greater part of the association's resources are engaged with venture work, and undertaking directors have a lot of freedom and authority. Virtualcollaboration strategies are regularly used to achieve the advantages of colocated groups. Projectized organizations often have authoritative units called divisions, however they can either report legitimately to the task director or provide bolster administrations to the different undertakings

How they affect the management

In a functional organisation, extends that exist inside a solitary useful division produce no specific authoritative issues, yet extends that cut across utilitarian divisions can be testing. Why? Tasks that stretch out across practical divisions are requesting to oversee on the grounds that the undertaking director has no direct utilitarian position and should get ceaseless collaboration and backing from useful supervisors of different divisions so as to meet venture goals. This can get confusing.

Since the matrix structure offers position to both venture administrators(project manager) and utilitarian directors(functional manager) the result is to give an increasingly consistent division of work and at last to construct a more grounded group culture. In any case, the potential for struggle between useful supervisors and task administrators still exists on the grounds that there is still asset strife. Everybody who is on a task group still has two supervisors – their practical director and their venture administrator.

In a projectised organisation authority is incorporated. Since ventures are expelled from useful divisions the lines of correspondence are abbreviated. Both these elements upgrade the capacity to settle on quick choices. Undertaking groups build up a solid feeling of character which thusly makes a significant level of responsibility from colleagues. Because of their contribution in successive ventures of a comparable sort projectised associations can create and keep up a long haul assortment of experience and aptitudes in explicit regions.

Obviously projectised organisation make it simpler to run ventures on the grounds that the whole structure is set up for that reason. However, on the off chance that you are dealing with a task inside other hierarchical structures, at that point perceiving and understanding the effects will raise your attention to the potential undertaking the board entanglements, so you can be proactive about settling them. Correspondence, compromise and group building will be vital to your prosperity.

8 0
3 years ago
_____ is a delivery model for software in which you pay for software on a pay-per-use basis instead of buying the software outri
zhuklara [117]

Answer:

b. SaaS

Explanation:

The full form of SaaS is software as a service. It is a software which is to be paid by per user rather than buying the outright of the software. It is a subscription based where the user must have to pay the subscription fees on a monthly or yearly basis. When the subscription tenure is expired the user must have to pay the charges again to take the service

Therefore the option b is correct

3 0
2 years ago
On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $14,000. Jarden prepares a sche
ahrayia [7]

Answer and Explanation:

a. The required balance of allowance for doubtful debts is shown below:

Particulars       Account receivable  %             Estimated uncollectible

Not yet due    $860,000                1.20%        $10,320

1 to 30 days    $344,000                1.95%        $6,708

31 to 60 days  $68,800                  6.45%       $4,438

61 to 90 days  $34,400                  32.50%    $11,180

Over 90 days $13,760                    67.00%    $9,219

Estimated balance                                           $41,865

b. The adjusting entry is

Bad debt expense Dr ($41,865 - $14,000) $27,865

         To Allowance for doubtful debts $27,865

(being the bad debt expense is recorded)

For recording this we debited the bad debt expense as it increased the expenses and credited the allowance for doubtful debts as it decreased the assets

8 0
3 years ago
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