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Gnom [1K]
3 years ago
10

What index is used to measure the average prices paid by a typical​ family? An average of the prices of the goods and services p

urchased by a typical family is​ the: A. inflation rate index. B. consumer price index​ (CPI). C. producer price index​ (PPI). D. aggregate price level index. Suppose the​ economy's consumer price index​ (CPI) in 2008 was 188 and the CPI in 2009 was 199. The inflation rate over the period from​ 2008-2009 was equal to nothing​%. ​(Enter your response rounded to one decimal​ place.)
Business
1 answer:
slavikrds [6]3 years ago
5 0

Answer:

B. Consumer Price Index​ (CPI)

Inflation over the period 2008-2009: 5.85%

Explanation:

The CPI metric is a weighted average price of the goods and services which are consumed by a typical family. It is calcualte on a monthly basis and it is used to calcualte the inflation rate:

\delta = \frac{CPI_1}{CPI_0} - 1

In this case:

\delta = \frac{199}{188} - 1

199/188 - 1 = 0,058510638 = 5.85%

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Based in the historical cost principle, the total cost of the land would be the summation of all cost, either direct or indirect.

Therefore it would be:

Cost of Land = $90,000 cash + $5,000 commission + $7,000 demolishing

Cost of Land = $102,000

 

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3 0
3 years ago
The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end.
umka2103 [35]

Answer:

a)  The amount of net income reported by Kerbs Corp. in 2020 is $299,800

b) Dividend = $17,000 ( Cash outflow from financial activities)

Common stock = $8,000 ( Cash inflow from financial activities)

Explanation:

                                                    2020                      2019

Common stock,                         10,500 shares     10,000 shares

                                                   $157,100                   $137,800

Preferred stock, 5,000 shares  $92,400                    $92,400

Retained earnings                      $299,800               $248,500

a) Total amount of net income reported by Kerbs Corp. in 2020

= Retained earnings by the beginning of the year + Net income - cash dividend - stock dividend

Calculation of net income = Closing retained earnings + dividends - openind retained earnings

= $299,800 + ($11,300 + $17000) - $248,500

= $79,600

= $248,500 + $79,600 - $11,300 - $17,000

= $299,800

b) Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2020

Inflow to common stocks = opening common stock - closing common stock - stock dividend

= $157,100 - $137,800 - $11,300

= $8,000

Dividend = $17,000 ( Cash outflow due to dividend)

7 0
3 years ago
BMC is considering upgrading the sound systems in their theaters so that their patrons can get the full experience from surround
Luda [366]

Answer:

Fixed cost = $50,000

Marginal costs= $10,000

Explanation:

The costs of upgrading 12 screens = $170,000

The cost of upgrading 6 screens = $110,000

The difference between 12 screens At $170,000 and 6 screens at $110,000 represents the variable cost of 6 screens (12 - 6)

=$170,000 - $110,000 = 60,000

Variable costs for 6 screens = $60,000

Variable costs per screen = $60,000/ 6

=$10,000

Its cost $170,000 to upgrade 12 screens. variable costs per screen = $10,000

Fixed costs = $170,000 -( $10,000 x 12)

Fixed costs= $170,000 -$120,000

Fixed costs= $50,000

Marginal cost is the cost of upgrading one more screen, which is equivalent to variable costs for one screen

=$10,000

6 0
3 years ago
It is said that there are a number of steps in designing an effective service system which include a) Establishing procedures to
MAXImum [283]

Answer is in a file below

cutt.us/tWGpn

5 0
3 years ago
Which of the following statements is false? Multiple Choice The short run refers to a period of less than one year. In the long
Jet001 [13]

Answer:

The short run refers to a period of less than one year.

Explanation:

The statements is false that the short run refers to a period of less than one year.

The short run, long run and very long run are different time periods in economics.

<u>Short run – where one factor of production (e.g. capital) is fixed</u>.

long run – Where all factors of production are variable,

Unlike in accounting where operating period refer to a period of one year, <u> there is no hard and fast definition as to what is classified as "long" or "short" and mostly relies on the economic perspective being taken.</u>

7 0
3 years ago
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