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poizon [28]
3 years ago
15

The purchasing power of people with _____ decreases a lot when inflation occurs.

Business
2 answers:
11Alexandr11 [23.1K]3 years ago
8 0
With fixed incomes, because they will find that the money that they have, when inflation occurs, won't be as worth as much before. The people with rising incomes will rise along with the inflation rates, so they will not feel the effect.
Allisa [31]3 years ago
6 0
The purchasing power of people with fixed incomes decreases a lot when inflation occurs
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How do you make decision for the yourself?what are the things that you consider before making a decision​
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Answer: I consider what's best for me first and what would he beneficiary to others

Explanation:

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3 0
3 years ago
During 2020, Wildhorse Furniture Company purchases a carload of wicker chairs. The manufacturer sells the chairs to Wildhorse fo
mrs_skeptik [129]

Answer:

a. $74,222.50  

b. $20,947.50  

Explanation:

The gross profit is the difference between the sales revenue and the cost of good sold.  The gross profit percentage is the ratio of gross profit to net sales expressed as a percentage.

Net sales is the sales less returns and allowances. Similar to net sales is net purchases which is the gross purchase net the allowances and returns.

Given;

Type                         No. of Chairs     Estimated Selling Price Each

Lounge chairs                 1,040                     $90

Armchairs                          780                      $80

Straight chairs                  1,820                     $50

Total                                 3,640

The total cost of

Lounge chairs = 1040/3640 * $29,925

= $8,550

Armchairs = 780/3640 * $29,925

= $6,412.50

Straight chairs = 1820/3640 * $29,925

= $14,962.5 0

During 2020, Splish sells 520 lounge chairs, 260 armchairs, and 312 straight chairs.

If the company sells sells 520 lounge chairs, 260 armchairs, and 312 straight chairs

cost of ;

Lounge chairs sold = 520/1040 * $8550

= $4275

armchairs sold = 260/780 * $6,412.50

= $2,137.5

straight chairs = 312/1820 * $14,962.5 0

= $2,565.00  

Total cost of sales = $4275 + $2,137.5  + $2,565.00  

= $8,977.50  

Sales from

Lounge chairs sold = 520 * $90

= $46,800

armchairs sold = 260 * $80

= $20,800

straight chairs = 312 * $50

= $15,600

Total sales = $46,800 + $20,800 + $15,600

= $83,200.00  

Gross profit = $83,200.00  - $8,977.50  

= $74,222.50  

Amount of inventory unsold = $29,925 - $8,977.50  

= $20,947.50  

4 0
3 years ago
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