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Dennis_Churaev [7]
3 years ago
7

Suppose a basket of goods and services has been selected to calculate the CPI and 2012 has been selected as the base year. In 20

12, the basket’s cost was $50; in 2014, the basket’s cost was $51; and in 2016, the basket’s cost was $52. The value of the CPI in 2014 was:
a. 98.0.
b. 102.0
c. 104.0
d. 151.0
Business
1 answer:
Andrew [12]3 years ago
7 0

Answer:

b. $102

Explanation:

Data provided as per the question below:-

Cost of basket in 2014 = $51

Cost of the basket in base year = $50

The calculation of the value of the CPI is shown below:-

Value of the CPI = (Cost of a basket in 2014 ÷ Cost of a basket in the base year) × 100

($51 ÷ $50) × 100

= $102

Therefore for computing the value of CPI we simply applied the above formula.

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Explanation:

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On August 1, 2018, Deeva, Inc., sold equipment and accepted a six-month, 9%, $50,000 note receivable. Deeva's year-end is Decemb
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Answer:

$1,875

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Amount of note receivable = $50,000

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XYZ Corporation manufactures orange safety suits for road workers. The following information relates to the corporation's purcha
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Answer:

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The computation of the standard price per yard of material for its safety suits is shown below:

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7 0
3 years ago
Which of the items listed below are public services commonly found in societies?
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Ancient egyptian clothing is comprised almost completely out of one variety of fiber/textile. which one?
prisoha [69]

Ancient Egyptian clothing is comprised almost completely out of one variety of <u>textile</u>

  • Ancient Egyptians used linen-based clothes. Fabrics that are light and cool, like linen, are useful in hot climates like Egypt's. The flax plant's fibres were used by the Egyptians to make linen. The fibres were spun by workers into thread, which was subsequently weaved on looms into linen cloth.
<h3><u>What did Egyptians use as textiles?</u></h3>
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1 year ago
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