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Alekssandra [29.7K]
3 years ago
13

A worker received $5 for a daily wage in 1930, which has the equivalent value of $63.24 today. if the cpi was 17 in 1930 what is

the value of the cpi today, rounded to the nearest whole number?
a. 134

b. 215

c. 1.3

d. 17
Business
1 answer:
Katyanochek1 [597]3 years ago
6 0
17 which should equal 215.01 I think- sorry if I’m wrong
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Which best describes the main role of the three major credit reporting agencies?.
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2 years ago
A process cost system would be used for all of the following products except computer chips. motion pictures. chemicals. soft dr
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5 0
1 year ago
Carter Corporation made sales of $ 825 million during 2018. Of this​ amount, Carter collected cash for $ 710 million. The​ compa
salantis [7]

Answer:

Part (a) The net income of carter is $115 million.

Part (b) The closing cash balance at the end of year is $360.

Explanation:

Part (a) Net Income Computation:

Sales                                     $825

Cost of goods sold             <u>(</u><u>$290</u><u>)</u>

Gross Profit                          $535

Other Expenses                  <u>(</u><u>$425</u><u>)</u>

Net income                          $115 Million

Part (b) The cash balance of  Carter is not dependent on non cash flows. So the cash transactions would be considered here for cash balance computation.

Opening Cash position               $290

Collection from Sales                  $710

Inventory Invoices paid              ($350)

For  Everything                           <u>($290)</u>

Closing Cash balance                 $360

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3 years ago
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