Answer:
A. rose 60% from the cost of the market basket in the base year.
Explanation:
The base year of 1982-1984 represents a 100 value for the index, and anything above it, is an over 100 value.
A 60% rise in 12 years (1984 to 1996) represents an average inflation rate of 5% every year, a bit high, but still within a moderate range.
The formula to find the adjusted consumer price index is:
Adjusted CPI = (CPIn / CPIb) - 1
Where:
CPIn = consumer price index in selected year (in this case 1996)
CPIb = consumer price index in base year (in this case 1982-1984)
Answer:
B. Increase in demand
Explanation:
Provided that
2 months ago,
The number of shirts sold = 2,000
Price per shirt = $30
Last month
The number of shirts sold = 3,000
Price per shirt = $35
As we can see that the demand is increased from 2,000 shirts to 3,000 shirts due to which the company changes its price from $30 per shirt to $35 per shirt.
So, ultimately the demand is increased
Answer:
The correct answer is letter "B": controlling.
Explanation:
There are five (5) main managerial functions: <em>planning, organizing, controlling, directing, </em>and <em>staffing</em>. Planning involves setting goals and strategies. Organizing refers to allocating resources to maximize productivity. Controlling <em>involves monitoring and evaluating performance compared to a budget or the firm's expectations. </em>
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Leading implies driving employees to the achievement of goals. Finally, staffing requires hiring qualified personnel that contributes to the institution's objectives and removing those going against the firm's interests.
The above is an example of directing
Directing is one of the responsibilities of a management
accountant. It involves governing the operations of a company in a particular
direction. It is a process through which the manager guides the performance of
workers to achieve set goals.
