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KonstantinChe [14]
3 years ago
12

The cpi is a measure of the overall cost of the goods and services bought by __________. a a typical consumer, and the cpi is co

mputed and reported by the department of the treasury. b typical business firms, and the cpi is computed and reported by the department of the treasury. c a typical consumer, and the cpi is computed and reported by the bureau of labor statistics. d typical consumers and typical business firms, and the cpi is computed reported by the bureau of labor statistics.
Business
1 answer:
REY [17]3 years ago
7 0
<span>The CPI is a measure of the overall cost of the goods and services bought by a typical consumer, and the CPI is computed and reported by the Bureau of Labor Statistics. The CPI stands for Consumer Price Index. The consumer price index will measure the weighted average pricing of what a basket of goods or services is priced at. They then calculate and average these prices to see what the price will change to overtime and how consumers will react to the market change in price. </span>
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Which strategy is an example of how companies may upgrade themselves to meet changing customer preferences?
never [62]

The best example of how companies are upgrading themselves to meet changing customer preferences is personified in option (C) making online shopping services available.

Since customers nowadays prefer to shop online more often than not, many companies are now providing online marketplaces in combination with their traditional brick and mortar stores. Some companies do not even have a pop up store – they purely do their transactions online.

8 0
3 years ago
In March 2021, the Phillips Tool Company signed two purchase commitments. The first commitment requires Phillips to purchase inv
xeze [42]

Answer:

Journal entries

Date               Account title and explanation    PR. No.    Debit ($)    Credit ($)

June 15,2021        Purchases                                             $85,500

                             Loss on purchase commitment           $15,000

                             Cash                                                                        $100,000

                       (To record the payment for the loss on

                         purchase commitment)

June 30,2021  Estimated loss on purchase

                        commitment                                                $10,600

                           Estimated liability on purchase

                        commitment                                                                   $10,600

                       (To record the loss on purchase commitment)

Aug 30,2021        Purchases                                             $120,500

                             Loss on purchase commitment           $19,900

                            Estimated liability on purchase

                             commitment                                           $10,600

                           Cash                                                                           $151,000

                       (To record the payment for the loss on purchase commitment)

Explanation:

For June 15,  Loss on purchase commitment = Signed value of inventory - Market value of inventory = $100,000 - $85,500 = $14,500

For June 30, Loss on purchase commitment = Signed value of inventory - Market value of inventory = $151,000 - $140,400 = $10,600

For Aug 30, Loss on purchase commitment = Market price of inventory at June 30 - Market value of inventory at August 30 = $140,400 - $120,500 = $19,900

4 0
3 years ago
Thompson company updates its inventory records perpetually. the company's records showed a beginning inventory of $600, cost of
Vinil7 [7]
The total inventory can be calculated by adding the initial or beginning inventory which is equal to $600 and the cost of goods sold, $1,400. That is,
     
    T = $600 + $1,400 
    T = $2,000

Then, we subtract the ending inventory of $800 from the calculated value.

    S = $2,000 - $800
    S = $1,200

Hence, the answer to this item is the first choice. 
7 0
3 years ago
The sales budget must be prepared before any other component of the operating budget.
charle [14.2K]
I would have to say it is false 
4 0
3 years ago
Frozen Ice-cream Corporation (FICC) has the following items for the month of December 2020. Please use this information to answe
Anna35 [415]

Question Completion:

Unearned revenue is assumed to be $1,500 and not $2,000.

Answer:

Frozen Ice-cream Corporation (FICC)

Income Statement for the month of December 2020:

Revenue - Ice-cream sales                  $180,000

Salaries expense          $160,000

Rent expense                 $12,000

Utilities expense              $6,000          178,000

Income before tax                                  $2,000

Income tax (25%)                                         500

Net Income                                             $1,500

Retained earnings (December 1, 2018)    $17,000

Net income                                                  $1,500

Dividends                                                    $1,000

Retained earnings (December 31, 2018) $17,500

FICC's total revenue is $180,000.

Explanation:

a) Data and Calculations:

Trial Balance

Account Titles                      Debit     Credit

Cash                                     $9,000

Accounts receivable            $4,500

Ice-cream inventory            $8,500

Prepaid Insurance               $3,000

Equipment                        $95,000  

Accounts payable                                  $40,000

Unearned revenue                                   $1,500

Note payable (payable in 5 years)       $60,000

Common stock                                           $500

Retained earnings (December 1, 2018) $17,000

Revenue - Ice-cream sales                  $180,000

Salaries expense          $160,000

Rent expense                 $12,000

Utilities expense              $6,000

Dividends                          $1,000

Totals                          $299,000      $299,000

Income tax rate 25%

7 0
3 years ago
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