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3 years ago

The consumer price index (CPI) is used to compute inflation.

Business

2 answers:

Thepotemich [5.8K]3 years ago

8 0

Answer:

True

Explanation:

The CPI results from the variation of prices in a market basket compared between 2 years and the inflation is the measure of the change in CPI in a series of time.

Eva8 [605]3 years ago

4 0

Answer:

true

Explanation:

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In its most recent financial statements, Del-Castillo Inc. reported $55 million of net income and $840 million of retained earni

Mashcka [7]

Answer:

Difference in retained earnings

= $840,000,000- $825,000,000

= $15,000,000

Dividend paid = Net income - Difference in retained earnings

Dividend paid = $55,000,000 - $15,000,000

Dividend paid = $40,000,000

Explanation:

In this case, there is need to determine the difference in retained earnings, which equal retained earnings at the end minus retained earnings at the beginning.

Dividend paid is calculated as net income minus difference in retained earnings.

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3 years ago

If sales are $540,000, expenses are $440,000 and dividends are $50,000, what is the balance of income Summary prior to closing?

alexandr402 [8]

Answer:

d. It will have a credit balance of $100,000.

Explanation:

In the income statement, the total revenues and the total expenses are recorded.

If the total revenues are more than the total expenditure then the company earns net income

And, If the total revenues are less than the total expenditure then the company have a net loss

This net income or net loss would reflect in the statement of the retained earning account.

So, the balance of income summary equals to

= Sales - expenses

= $540,000 - $440,000

= $100,000

The dividend should be deducted from the retained earning account. Hence, it will not be consider here

7 0

3 years ago

Online retailers lose approximately 25% of their customers every year. Unfortunately, due to the highly competitive camping gear

suter [353]

Answer:

CLV = [(GC * r) / (1 + i - r)] - AC]

Explanation:

CLV is the customer lifetime value which is the calculation of net profit during the tenure of relationship with the clients and customers.

The formula for CLV calculation is :

CLV = [(GC * r) / (1 + i - r)] - AC]

Where,

GC is annual gross contribution,

r is retention rate of customers

i is discount rate

AC is Acquisition cost

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3 years ago

Adjusting Entries Journalize the adjusting entry needed at December 31 for each situation. Record debits first, then credits. Ch

vladimir2022 [97]

Answer:

Date Accounts Titles Debit Credit

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Salaries payable $2,300

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(Furniture )

Accumulated depreciation $200

(Furniture)

Dec-31 Insurance expense $450

Prepaid Insurance $450

Dec-31 Supplies expense $80

Supplies $80

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3 years ago

What device is required to connect to the internet

ollegr [7]

Usually the router whether internal or external is the device you are asking about

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3 years ago

Read 2 more answers