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
kvv77 [185]
3 years ago
14

Last year you paid $24 for a round of golf and $12 to rent a golf cart. This year it cost you $30 to golf and $15 to rent a cart

. Based on this simple basket of goods, calculate a price index for this year using last year as the base year.
Business
1 answer:
Fantom [35]3 years ago
8 0

Answer:

Price index = 125

Explanation:

Given:

Last year paid $24 for a round of golf and $12 to rent a golf cart.

This year it cost you $30 to golf and $15 to rent a cart.

Question asked:

Based on this simple basket of goods, calculate a price index for this year using last year as the base year.

Solution:

Total cost of last year = For a round of golf + Rent of a golf cart

                                    =  $24 + $12 = $36

Total cost of this year =  $30 + $15 = $45

Now, we will find price index for this year by using last year as the base year.

<u>As we know:</u>

Consume\ Price\ Index =\frac{Current\ Period\ Price\ of\ the\ Basket}{Base\ Period\ Price\ of\ the\ Basket} \times100

                                     =\frac{45}{36} \times100=\frac{4500}{36} =125

Thus, price index for this year using last year as the base year is 125

You might be interested in
Fremont Enterprises has an expected return of 18 % and Laurelhurst News has an expected return of 21 %. If you put 43 % of your
Umnica [9.8K]

Answer: 19.29%

Explanation:

From the question, Fremont Enterprises has an expected return of 18% and 57% of the portfolio is put in​ Fremont. The portfolio return of Fremont will be the expected return multiplied by the weight. This will be:

= 18% × 57%

= 18 × 0.57

= 10.26%

We are also told that Laurelhurst News has an expected return of 21% and that 43% of the portfolio is put in​ Laurelhurst News. The portfolio return here will be the expected return multiplied by the weight. This will be:

= 21% × 43%

= 21% × 0.43

= 9.03%

The the expected return of the portfolio will now be:

= 10.26% + 9.03%

= 19.29%

4 0
4 years ago
Bobbi and Stuart are partners. The partnership capital of Bobbi is $35,300 and that of Stuart is $77,700. Bobbi sells his intere
SCORPION-xisa [38]

Answer:

The correct answer is:

John's capital account for $35,300 (c.)

Explanation:

In the admission of a new partner, the purchase of ownership from an existing partner to a new partner is entirely a personal transaction between the existing partner and the new partner, and the extent of partner bonus (the interest sold on the original partnership amount) is acquired by the exiting partner, but this bonus is not reflected in the partnership agreement, hence the amount credited into the new partner's account is the same as that owned previously by the exiting partner, irrespective of how much the partnership ownership was sold for.

Hence, since Bobbi's partnership capital was $35,300, John's account would be credited with the same amount even if the ownership was sold for $55,900, as the bonus goes to Bobbi.

7 0
3 years ago
Yield management pricing is ______. Multiple choice question. setting a price a few cents or a few dollars below an even number
charle [14.2K]

Answer:

a complex approach that continually matches demand and supply to customize the price for a service.

Explanation:

Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.

In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.

One of the importance associated with the pricing of products is that, it improves the image of a business firm.

Yield management pricing is a complex approach that continually matches demand and supply to customize the price for a service. It is commonly used by businesses that are typically involved in tourism, hospitality, and airline services.

8 0
3 years ago
  Early Head Start is an example of        A. private preschool.   B. biological effect.   C. a nurturing environment.   D. priv
mars1129 [50]
<span>Early Head Start is an example of
</span><span>C. a nurturing environment
It is a program offered to low-income families to provide them with family support and child development services. For a low-income family to be qualified, it has to have a pregnant woman or a family with children up to 3 years old.</span>
3 0
3 years ago
You are at a wedding and are unexpectedly asked to give a toast to the bride and groom. What would you do?
frez [133]

Answer:

I would say go for it

Explanation:

6 0
3 years ago
Other questions:
  • On December 27, 2019, the directors of Partridge Corporation, an accrual basis calendar year taxpayer, authorized a cash contrib
    10·1 answer
  • "the idea that the more any given resource is applied to production, the lower the marginal gain in output, until a point is rea
    8·1 answer
  • Calculate the EOQ size for the following case. What is the EOQ size and the number of orders placed per year? For your answer, r
    6·1 answer
  • Which of the following practices should be discouraged during the problem-solving process?
    6·2 answers
  • Market efficiency Financial theorists have identified two different types of efficiency in financial markets. The first, informa
    11·1 answer
  • When a​ firm's longminus−run average cost curve is horizontal for a range of​ output, then in that range production displays?
    12·1 answer
  • Five years ago, Tom loaned his son John $20,000 to start a business. A note was executed with an interest rate of 8%, which is t
    14·1 answer
  • Explain what a trade war is
    11·1 answer
  • On January 1, 2021, Legion Company sold $260,000 of 8% ten-year bonds. Interest is payable semiannually on June 30 and December
    12·1 answer
  • Do you ideally want to have a high credit score or low?.
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!