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3 years ago

A consumer price index of 160 in 1996 with a base year of 1982-1984 would mean that the cost of the market basket

Business

1 answer:

Ann [662]3 years ago

7 0

Answer:

A. rose 60% from the cost of the market basket in the base year.

Explanation:

The base year of 1982-1984 represents a 100 value for the index, and anything above it, is an over 100 value.

A 60% rise in 12 years (1984 to 1996) represents an average inflation rate of 5% every year, a bit high, but still within a moderate range.

The formula to find the adjusted consumer price index is:

Adjusted CPI = (CPIn / CPIb) - 1

Where:

CPIn = consumer price index in selected year (in this case 1996)

CPIb = consumer price index in base year (in this case 1982-1984)

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If an organization ensures that a chain of command or hierarchy is well established, which characteristic of an effective bureau

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I believe the correct answer is Hierarchical Authority

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3 years ago

Read 2 more answers

Approximately 85% of the customers at hanson's furniture store purchase furniture using store credit. the store's average collec

aev [14]

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3 years ago

Before it was publicly known that IBM was going to take over Lotus Development, an IBM secretary told her husband, who told two

aalyn [17]

Answer:

Insider Trading

Explanation:

These people were insider trading because they were using non public material information to trade stocks and make profit. The information was confidential thus it was non public and the information could change the price of the stock that is why it was material and these people used this information to trade the stock thus they were all insider trading.

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3 years ago

During the year,Liptom Company made an entry to write off a $4,000 uncollectible account. Before this entry was made, the balanc

Andru [333]

Answer:

$55,500

Explanation:

The computation of the net realizable value after the write off entry is show below:

The credit balance in allowance with terms to bad debts is

= $4,500 - $4,000

= $500

Now the net realizable value is

= ($60,000 - $4,000) - ($4,500 - $4,000)

= $56,000 - $500

= $55,500

Hence, the same is to be considered

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3 years ago

Consider the following: Lumber Revenues, $120,000; Hardware Revenues, $90,000; Cost of Sales, $130,000; All other costs and expe

lord [1]

Answer:

19.05%

Explanation:

Data provided in the question:

Lumber Revenues = $120,000

Hardware Revenues = $90,000

Cost of Sales = $130,000

All other costs and expenses = $35,000

Investment Income = $8,000

Income Tax Expense = $13,000

Net Income = $40,000

Now,

The net profit margin = [( Net income) ÷ (Total revenue ) ] × 100%

The net profit margin = [ $40,000 ÷ ( $120,000 + $90,000 ) ] × 100%

The net profit margin = [ $40,000 ÷ $210,000 ] × 100%

The net profit margin = 0.1905 × 100%

The net profit margin = 19.05%

5 0

3 years ago