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Alinara [238K]
3 years ago
12

Which of the following statements is correct?a. In order to calculate the inflation rate for the year 2011, we need to know the

values of the consumer price index for the years 2009, 2010, and 2011.b. Changes in the consumer price index are often thought to be useful in predicting changes in the producer price index.c. Despite its name, the "consumer price index" really measures the overall cost of the goods and services bought by consumers, business firms, and units of government.d. If the prices of all goods and services changed proportionately over time, then the consumer price index would reflect no substitution bias.
Business
1 answer:
Degger [83]3 years ago
5 0

Answer:

D. If the prices of all goods and services changed proportionately over time, then the consumer price index would reflect no substitution bias.

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Mountain High Ice Cream Company transferred $65,000 of accounts receivable to the Prudential Bank. The transfer was made with re
Liono4ka [1.6K]

Answer:

Dr Cash 56,550

Dr Receivable from factor 5,500

Dr Loss on sale of receivables 6,450

    Cr Accounts receivables 65,000

    Cr Recourse liability 3,500

Explanation:

cash = ($65,000 x 90%) - factoring fees = $58,500 - $1,950 = $56,550

factoring fees = $65,000 x 3% = $1,950

loss on sale of receivables (includes factoring fees) = (accounts receivables + recourse liability) - (cash + receivable from factor) =  ($65,000 + $3,500) - ($56,550 + $5,500) = $68,500 - $62,050 = $6,450

3 0
3 years ago
The standard factory overhead rate is $7.50 per machine hour ($6.20 for variable factory overhead and $1.30 for fixed factory ov
lesantik [10]

Answer:

$26,000 adverse variance

Explanation:

Fixed Overheads Volume Variance = Budgeted Overheads at Actual Output - Budgeted Fixed Overheads

                                                             = $1.30 x 60,000 hours - $1.30 x 80,000

                                                             = $78,000 - $104,000

                                                             = $26,000 adverse variance

The fixed factory overhead volume variance is $26,000 adverse variance

7 0
3 years ago
John Joos is the owner and operator of Way to Go LLC, a motivational consulting business. At the end of its accounting period, D
ivolga24 [154]

Answer:

a) December 31, 2013 Owner's equity = 508,000

b) December 31, 2014 Owner's equity = 420,000

Explanation:

Accounting Equation Formula: Owner's Equity = Assets - Liabilities  

A) Way to Go LLC December 31, 2013

Owner's Equity = Assets – Liabilities

Owner's Equity = 669,000 – 161,000

Owner's Equity = 508,000

B) Way to Go LLC  December 31, 2014

Owner's Equity = Assets – Liabilities

Owner's Equity = (669,000-127,000) – (161,000-39,000)

Owner's Equity = 420,000

6 0
3 years ago
Cindy invests $10000 in an account that pays an annual rate of 3.96%, compounding semi-annually. approximately how much does she
stiks02 [169]

Annual Compound Formula is:

A = P( 1 + r/n) ^nt

Where:

A is the future value of the investment

P is the principal investment

r is the annual interest rate

<span>n is the number of  interest compounded per year</span>

t is the number of years the money is invested


So for the given problem:

P = $10,000

r = 0.0396

n = 2 since it is semi-annual

t = 2 years

 

Solution:

A = P( 1 + r/n) ^nt

A = $10,000 ( 1 + 0.0396/2) ^ (2)(2)

A = $10000 (1.00815834432633616)

A = $10,815.83 is the amount after two years

6 0
3 years ago
Martin is offered an investment where for $6000 today, he will receive $6180 in one year. He decides to borrow $6000 from the ba
Effectus [21]

Answer:

maximum interest rate = 3%

so correct option is A) 3%

Explanation:

given data

investment = $6000

receive = $6180

borrow = $6000

to find out

maximum interest rate bank needs to offer on the loan

solution

we consider here maximum interest rate bank needs to offer is = r

so value of investment will be express here as

value of investment = amount to be borrowed × ( 1 + r )    ................1

put here value we get rate r

6180 = 6000 × ( 1 + r )

solve it we get

rate = 0.03

maximum interest rate = 3%

so correct option is A) 3%

3 0
3 years ago
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