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Mariana [72]
4 years ago
6

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. click or tap the numbers or use your keyboard to type. if you're not sure, just take a guess. 0123456789.
Business
1 answer:
barxatty [35]4 years ago
4 0
The base price, which in this case is taken to be the price from last year. Adding up the prices,
       T = $24 + $12 = $36

This year, the total cost, C, is,
      C = $30 + $15 = $45

The consumer price index is calculated through the equation,

     Price Index = (Current Price / Base Period Price) x 100
 
Substituting,
    
    Price Index = ($45 / $36) x 100 = 125

<em>ANSWER: 125</em>
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Kent Manufacturing produces a product that sells for $50.00 and has variable costs of $24.00 per unit. Fixed costs are $260,000.
ziro4ka [17]

Answer:

$29.50

Explanation:

The computation of the contribution margin per unit is shown below:

Contribution margin per unit = Selling price per unit - Variable cost per unit

where,

Selling price per unit is $50

And, the variable cost per unit = $24 - $3.5 = $20.5

Now put these values to the above formula  

So, the value would equal to

= $50 - $20.5

= $29.50 per unit

8 0
3 years ago
If X has a life insurance policy that is no longer wanted or needed and is considering selling their policy, how much might X re
4vir4ik [10]

More than $200,000 but less than $1,000,000

Explanation:

A Life Insurance is close to a realistic payout because it's more than a money redemption interest which is less than the death benefit from offering an established live insurance policy to a third party.

A life insurance premium return means that you will get the money you pay as premiums given back, non-taxable when you have completed the life insurance policy and are still alive. You will get $6,000 back if you pay 50 dollars a month for ten years.

6 0
4 years ago
One of the lottery tickets that you can purchase at a local store has these payoff probabilities. Payoff ($) 0 200 500 Probabili
WARRIOR [948]

Answer:

Pay-off  Probability EV   Payoff - Mean   (Pay-off - Mean)2.P

$                                $

0              0.50         0           -190                     18,050

200          0.20       40             10                      20

500          0.30       150           210                     13,230

                    Mean  190                      Variance 31,300

Standard deviation = √ Variance

Standard deviation = √ 31,300

Standard deviation = 176.92

Explanation:

In this case, we need to determine the mean, which is the product of pay-off and probability. Then, we will deduct the mean from the pay off. raise the difference between the pay-off and mean to power 2 and multiply by probability. This gives the variance of the pay-off. The square root of the variance of the pay-off gives the standard deviation of the pay-off.

7 0
3 years ago
Which statement describes an hourly wage job? a. Each paycheck is the exact same regardless of number of hours worked. b. Each p
natita [175]

Answer:

The correct answer is c. If an employer wants the employee to work more hours in a week, the result is a larger paycheck.

Explanation:

The salaried worker gives his workforce to another person, who pays him a salary in exchange. It can be said that an employee is an employee of a company or entity, unlike independent or autonomous workers.

Being a salaried worker means having to respect a series of rules and face duties such as meeting the established schedules, respecting their peers and superiors, performing the tasks they have been assigned.

6 0
3 years ago
Read 2 more answers
Fabrication, Inc, makes steel forms that are substandard. Geo Manufacturing Company has never bought or used a Fabrication form,
jok3333 [9.3K]

Answer:

C) standing to sue

Explanation:

standing to sue -

In terms of law , it is the requirement where a person brings a suit to be the proper party to request the adjudication of an issue .

This test is put when a party had a personal stake during the outcome of a controversy presented .  

Hence from the data of the question , the correct answer for the statement given is , C) standing to sue

3 0
3 years ago
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