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77julia77 [94]
3 years ago
13

The price tag on a tennis ball in 1975 read $0.10, and the price tag on a tennis ball in 2005 read $1.00. The CPI in 1975 was 52

.3, and the CPI in 2005 was 191.3. Refer to Scenario 24-1. In 1975 dollars, a 1975 tennis ball cost $0.10 and a 2005 tennis ball cost a. $0.27, so tennis balls were cheaper in 1975. b. $0.27, so tennis balls were cheaper in 2005. c. $3.66, so tennis balls were cheaper in 1975. d. $3.66, so tennis balls were cheaper in 2005
Business
1 answer:
tankabanditka [31]3 years ago
7 0

Answer:

Option (a) is correct.

Explanation:

Given that,

In 1975:

Nominal price = $0.10

CPI = 52.3

In 2005:

Nominal price = $1.00

CPI = 191.3

1975 is the base year

Real price in 2005;

= Nominal price in 2005 × (CPI in 1975 ÷ CPI in 2005)

= $1.00 × (52.3 ÷ 191.3)

= $0.273

Therefore, the real price of tennis ball in 2005 is $0.27 in terms of 1975.

The real price of tennis ball in 1975 is $0.10 because the base year is 1975 itself.

When we are comparing the real prices of the years 2005 and 1975, we conclude that tennis ball is cheaper in 1975 as compared to 2005.

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Brilliant_brown [7]

Answer:

Marilyn take a good decision.

Explanation:

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4 0
3 years ago
When using the allowance method for accounting for bad debts, accounts receivable is reported on the balance sheet at the expect
Minchanka [31]

Answer:

Have no effect on net realizable value

Explanation:

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4 0
3 years ago
Oucation 6 of 25
Vladimir79 [104]

Answer:

A. How are goods and services to be distributed?

Explanation:

After the manufacturing of the goods, the process of distribution proceeds. In this process, the goods and services produced are distributed from the producers to the consumers. Transportation, packaging, storage, and advertising are some of the processes that lie between the production and distribution of the products.

According to the given options, the basic question to be asked related to the distribution of the produced goods is option A. All the other three questions belongs to the production stage.

4 0
2 years ago
career cluster consisting of six pathways: management; business financial management and accounting; human resources; business a
Nata [24]

The six career tracks that make up the business management and administration career cluster are general management, business information management, human resources management, operations management, accounting, and administrative support.

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5 0
2 years ago
Antonio and Barbara are partners who share income in the ratio of 1:2 and have capital balances of $40,000 and $70,000 at the ti
NikAS [45]

Answer: c. $20,000

Explanation:

The Loss on Realization is monies accrued after assets have been sold off at less than their original value and in Calculating it, the following formula is used,

Loss on realization = Total Capital Balances after payment of liabilities minus - balance

Slotting in the figures therefore we have,

Loss on realization = $40,000 + $70,000 - $80,000

= $30,000 was the total loss on Realization

Seeing as Antonio and Barbara are partners who share income in the ratio of 1:2 we allocate to Barbara as follows,

Barbara = $30,000 * 2/(1+2)

= $20,000

Therefore option C is correct.

6 0
3 years ago
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