Answer: 2016 CPI is 110
Explanation:
Given the following :
Base year = 2012
Cost of basket in 2012 = $50
Cost of basket in 2014 = $52
Coat of basket in 2016 = $55
The Consumer Price Index (CPI) is calculated using the formula :
CPI = (weighted cost item in current period / weighted cost of item in base period) × 100
Base period / year = 2012
Current period = 2016
Therefore, 2016 CPI equals;
($55 / $50) × 100
= 110
The number of hours worked for which I will the receive the payment is 7 hours.
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<u>Explanation:</u>
Considering the working hour is from 7:30 am to 8:30 pm
Initial work hours = 7:30 to 11:30am
number of hours = 4
If I start working at 5:30 pm and work till 8:30 pm then the number of hours would be 3
Thus,
total number of hours worked = 4 + 3
= 7
Therefore, number of hours worked for which I will the receive the payment is 7 hours.
Answer:
the expected return on the portfolio is 14.77%
Explanation:
The computation of the expected return on the portfolio is shown below:
The expected return is
= ($1,600 ÷ $4,300) × 11% + ($2,700 ÷ $4,300) × 17%
= 14.767 %
= 14.77%
The $4,300 comes from
= $1,600 + $2,700
= $4,300
hence, the expected return on the portfolio is 14.77%
The same is considered
Answer: Partnership
Explanation: In simple words, partnership refers to an agreement between two or more independent parties to join their forces for achieving a common business goal with the ultimate objective of earning profit.
In the given case, Dan and Emily were sole proprietors and now they are joining their forces also the case states their new entity will not be a separate entity and both of the owners will be having unlimited debt.
Hence from the above we can conclude that this is a partnership business.
