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worty [1.4K]
3 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]3 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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Komok [63]

Software runs a computer and allows people to use the computer to perform specific tasks, such as creating letters, preparing budgets, managing inventory and customer databases.

<h3>What enables users to perform specific tasks on a computer?</h3>

Application software, also known as an application or an app, is computer software designed to help the user to perform specific tasks.

Examples include enterprise software, accounting software, office suites, graphics software and media players.

Many application programs deal principally with documents.

Software is a set of instructions, data or programs used to operate computers and execute specific tasks.

It is the opposite of hardware, which describes the physical aspects of a computer.

Software is a generic term used to refer to applications, scripts and programs that run on a device.

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6 0
2 years ago
Identify which basic principle of accounting is best described in each item below.
adelina 88 [10]

Answer:

The Matching Principle

Explanation:

The Matching Principle of accounting holds that revenues should be matched with expenses. Hence the name.

This is to say, that revenues should only be recognized when the associated expenses with those revenues have been spent.

For example, in numeral a), we can see that Norfolk Southern Corporation recieved cash in advance, but it only recognized revenue once it had performed the services associated with that cash collection.

4 0
3 years ago
Assume you are to receive a 30-year annuity with annual payments of $2,000. The first payment will be received at the end of Yea
max2010maxim [7]

Answer:

Total FV= $678.615.02

Explanation:

<u>First, we need to calculate the value of the annuity at the end of the last payment:</u>

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {2,000*[(1.06^30) - 1]} / 0.06

FV= $158,116.37

<u>Now, the total future value after 25 years:</u>

FV= PV*(1 + i)^n

FV= 158,116.37*(1.06^25)

FV= $678.615.02

6 0
2 years ago
An example of an ________ ________ is where Sylvania provides lightbulbs that, one might assume, are safe to use and will last f
Juliette [100K]

Answer:

Implied warranty.

Explanation:

Implied warranty is when there are presumed assurance of the performance of a product due to the circumstances of the sale. For example when one purchases a television the assumption is that the television will work. This is the implied warranty when making a purchase.

In this instance Sylvania sells light bulbs and the buyer assumes that the bulbs are safe to use, and will last for a good period of time before they fail.

A violation of implied warranty for example is if one buysa product and it does not work at all. The customer can return the item for replacement.

7 0
3 years ago
When the market interest rate rises above the coupon rate for a particular quality of bond, the "current yield": will be below t
meriva

Answer: will be above the coupon rate

Explanation:

The Coupon rate is a fixed rate that a bond issuer pays to it's bond holders. The <em>Current Yield</em> however is calculated by dividing the Coupon payment by the Price of the bond.

When Market interest rises above the Coupon Rate, the price of the bond decreases in the market and vice versa.

Because the price of the bond is now less and it is the divisor of the Coupon rate to get the Yield, it will give a higher percentage which will be more than the Coupon rate.

4 0
3 years ago
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