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Zolol [24]
3 years ago
5

In an imaginary economy, consumers buy only sandwiches and magazines. The fixed basket consists of 20 sandwiches and 30 magazine

s. In 2006, a sandwich cost $4 and a magazine cost $2. In 2007, a sandwich cost $5. The base year is 2006. if the consumer price index in 2007 was 125, then how much did the magazine cost in 2007?
Business
1 answer:
rusak2 [61]3 years ago
5 0

Answer:

$2.5

Explanation:

Given:

Sandwich Cost in 2006 (P0) = $4

Magazine Cost in 2006 (p0) = $2

Sandwich Cost in 2007 (P1) = $5

Magazine Cost in 20067 (p1) = ?

Consumer Price Index in 2007 = 125

Computation:

Consumer Price Index = (Current year price / Base year Price)100

125= (p1 / $2) x 100

1.25 = p1 / $2

1.25 x $2 = p1

$2.50 = p1

$2.50 = Magazine Cost In 2007

Therefore, cost of magazine in 2007 is $2.50

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Ramon did not have health insurance in 2019, how does that affect his return? A. He must pay a $695 shared responsibility paymen
Sever21 [200]

Answer:

<em><u>The answer is</u></em>: <u>B. It has no effect on his Form 1040. The "Full-year health care coverage or exempt" box is eliminated from Form 1040 because the shared responsibility payment is reduced to zero for tax year 2019.</u>

Explanation:

<u>Health insurance coverage is no longer mandatory at the federal level, as of January 1, 2019,</u> so the shared responsibility payment is reduced to zero for the 2019 fiscal year.

So it has no effect on your 1040 form, because the entire year of health care coverage or the exempt box is removed from the 1040 form.

<em><u>The answer is</u></em>: <u>B. It has no effect on his Form 1040. The "Full-year health care coverage or exempt" box is eliminated from Form 1040 because the shared responsibility payment is reduced to zero for tax year 2019.</u>

4 0
3 years ago
According to the article by Brooks, successful entrepreneurs are most interested in
valentina_108 [34]
<span>personal fulfillment.</span>
8 0
3 years ago
Other things being equal, if households decide to increase the amount of currency they hold per dollar of bank deposits, the mon
Dmitry [639]

Answer:

Option (A) is correct.

Explanation:

Money multiplier refers to the reciprocal of required reserve ratio.

The formula for determining money multiplier is as follows:

= 1 ÷ Reserve requirement ratio

If the households are desired to hold more currency in hand then as result the there will be leakage in the form of households holding cash with themselves.

Hence, this will lead to decrease the money multiplier because of higher reserve requirement ratio for the banks.

7 0
3 years ago
A real estate broker is employed by a buyer, as an agent. When the broker finds a property the buyer might be interested in buyi
Viktor [21]

Answer:

Disclosure.

Explanation:

In this scenario, a real estate broker is employed by a buyer, as an agent. When the broker finds a property the buyer might be interested in buying, the broker is careful to find out as much as possible about the property's owners and why the property is on the market. The broker's efforts to keep the buyer informed of all facts that could affect a transaction is the duty of disclosure. A disclosure is a legally binding agreement between the buyer and seller of a property, wherein the seller highlights all the information or details they know about the property for the purpose of enlightening and informing the buyer. It contains informations such as legal encumbrance, structural flaw, size of property etc.

6 0
3 years ago
An automated car wash serves customers with the following serial process: pre-treat, wash, rinse, wax, hand dry. Each of these s
AveGali [126]

a) 12 customers per hour is the flow rate of the process.

b)  if the car wash has a demand of 15 cars per hour 60 percent   is the utilization of the machine that performs the wax process.

<h3><u>Explanation:</u></h3>

a) The bottle neck which is the process of washing has a capacity of  12 number of cars as its minimum capacity. The flow rate is considered as the minimum capacity of the bottleneck. Thus, flow rate of the process will be 12 customers per hour.  

b) The utilization capacity can be calculated by dividing  flow rate by  the capacity of the process step.

Here the demand is 15 cars per hour. The calculated flow rate is 12 cars per hour.  The difference is 3.

Thus the capacity of the machine which performs the wax process will be  1 / 3 × 60 = 20 cars per hour.

Thus the utilization of this machine is 12 / 20 = 60 percent.

Utilization is the flow rate divided by the capacity of the process step.

5 0
3 years ago
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