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worty [1.4K]
2 years ago
7

In 1972, one could buy a bag of chips, a pound of hamburger, a package of buns, and a small bag of charcoal for about $2.50. If

the same goods today cost $6.00, then which pair of CPIs would make the cost in today's dollars the same for both years?a. 65 in 1972 and 156 today
b. 90 in 1972 and 145.8 today
c. 75 in 1972 and 160 today
d. 60 in 1972 and 150 today
Business
1 answer:
Rainbow [258]2 years ago
5 0

Answer:

a. 65 in 1972 and 156 today

Explanation:

The relationship between CPI should be the same as the prices:

price today / price 1972 = CPI today / CPI 1972

          6      /       2.50      = 2.4

Now we divide the given CPI and look for the correct answer:

<em>a) 156/65 = 2.4</em>

b) 145.8 / 90 = 1.62

c) 160/75 = 2.1333333

d) 150/60 = 2.5

the first option matches the relationship between prices thus, is the correct one.

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110 mm

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Marcus is a self-employed marketing consultant. He is good at helping his clients with their marketing challenges; however, he i
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Explanation:

Based on this information regarding Marcus' situation, the best advice would be for him to outsource the accounting function to another firm. This is something that many individuals/companies do and will allow Marcus to focus all of his time and energy on what he is best at (which is helping his clients with their marketing challenges.) while at the same time making sure that the accounting tasks such as billing the clients are done quickly and correctly.

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3 years ago
Assume the following data concerning a purchase of merchandise by Icon Co. on April 2:
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The purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.

<h3>What is the purchase amount to be recorded?</h3>

The purchase amount that should be recorded on the date of purchase is the amount of the transaction.  This does not take into account the return and discount which happened later.

This implies that Icon Co. will reduce the purchase amount on April 4 when half of the goods were returned with a contra entry.  And discount will be based on the balance of $2,000 instead of $4,000.

<h3>Data and Calculations:</h3>

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Thus, the purchase amount that Icon Co. would record on April 2 would be: <u>c. $4,000</u>.

Learn more about recording credit purchases at brainly.com/question/5651500

6 0
1 year ago
AB When considering two mutually exclusive projects, the firm should always select the project whose internal rate of return is
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Answer:

False

Explanation:

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3 0
3 years ago
Read 2 more answers
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