1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
slavikrds [6]
3 years ago
10

The price of a house in Year 1 was​ $50,000. If the Consumer Price Index is 101 for Year 1 and 202 for Year​ 2, the value of the

house in Year 2 is​ ________. A. ​$150,000 B. ​$55,000 C. ​$100,000 D. ​$75,00
Business
1 answer:
Varvara68 [4.7K]3 years ago
6 0

Answer: C - $100, 000

The value of the house in year 2 will be $100,000

Explanation:

Year 1

Price = $50,000

Consumer price index = 101

Year 2

Price = X (unknown)

Consumer price index = 202

The Ratio of price of the house in year 2 to year 1 is equal to the ratio of consumer price index in year 2 to year 1

Thus:

x / 50,000 =202 / 101

Cross multiply

101x = 50,000(202)

101x = 10,100,000

Divide both sides by 101

x = 10,100,000 / 101

x = $100,000

The price of the house in year 2

= $100,000

You might be interested in
ierney Company begins operations on April 1. Information from job cost sheets shows the following. Manufacturing Costs Assigned
hoa [83]

Answer and Explanation:

The computation of the ending balance of the work in process is shown below:

For April month

= $6,100 + $5,900

= $12,000

For May month

= $5,900 + $5,800 + $5,100 + $6,800

= $23,600

For June month

= $6,800 + $4,600

= $11,400

In this way the ending work in process is to be calculated for each month and the same is to be considered

3 0
4 years ago
The place and time period of the first few years of most people's lives have a great effect on the formation of values.
Goryan [66]

The value is formed by the the particular belief related to an idea or behaviour.

Explanation:

The values are the principles, standards or qualities of an individual or group of people hold. They are our own words, thoughts or actions. It is very important because they helps us to grow and develop. the decisions are made based on the values and beliefs.

The values comes from various sources such as family, workplace, educational institution, music, media, technology, culture and so on.

The most important common values are integrity, respect, excellence, responsibility. The values mainly focuses on the person's behaviour and attitude in all situations.

3 0
4 years ago
How many of u are from nepal​
Natalka [10]

Answer:

<h2>NOT FROM NEPAL BUT FROM INDIA .........</h2>

4 0
3 years ago
Read 2 more answers
g Dividends are best defined as: Group of answer choices cash or stock payments to either bondholders or shareholders. cash or s
AysviL [449]

Answer:

  • cash or stock payments to shareholders.

Explanation:

Dividends a payment declared by a company and given to its shareholders, These dividends can be issued as cash payments or as shares of stock.

The dividend is the reward that  each investor receives for investing in the company, it usually originates from the company's net profit.

3 0
4 years ago
Epic, Inc. recently lost a portion of its records. The following information was available from the accounting records.
Novay_Z [31]

Answer:  $55,600

Explanation:

Total Manufacturing Cost

= Direct Material + Direct Labor + Factory Overhead

Cost of Goods manufactured = Direct materials used + Work-in-Process Inventory, Beginning + Factory Overhead Applied + Direct Labor - Work-in-Process Inventory, Ending

Direct Materials = Cost of Goods manufactured - Work-in-Process Inventory, Beginning - Factory Overhead Applied - Direct Labor + Work-in-Process Inventory, Ending

= 57,100 - 10,500 - 11,500 - (1.4 * 11,500) + 9,000

= $28,000

Total manufacturing cost = 28,000 + ( 1.4 * 11,500) + 11,500

= $55,600

8 0
3 years ago
Other questions:
  • George has been selling 5,000 T-shirts per month for $8.50. When he increased the price to $9.50, he sold only 4,000 T-shirts. W
    11·1 answer
  • Gracies insurance premiums are $131 per month. This year she also paid a 500 deductible and 20% of 3200 for a minor accident. Ho
    12·1 answer
  • What is the formula for determining productivity?!
    13·1 answer
  • Renew Cosmetics, a large cosmetics corporation, wants to take over Organic Skin Care, a small, specialty store that that makes o
    9·1 answer
  • XYZ is an established business and has written a business plan in order to request additional funding from a local bank. Unlike
    9·1 answer
  • "A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% (market rate) on January 1, 2007. Interest is paid on June 30 and
    6·1 answer
  • ease answer the question below based on the closing spot and the July futures contract prices for euros for four consecutive day
    14·1 answer
  • 4. Which of the following is false?
    12·1 answer
  • PLZZZ HELP!!!
    12·1 answer
  • [Disappointing Boat Purchase] Ava went to purchase a new boat. She wanted a boat she could use in a nearby lake and also take to
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!