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Lilit [14]
3 years ago
9

If a market basket was defined in 2014 and it cost $10,000 to purchase the items in that basket in 2014, while it cost $11,000 t

o purchase those identical goods in 2015, then the price index for 2015 is _________.
Business
1 answer:
Stells [14]3 years ago
5 0

Answer:

110

Explanation:

The computation of the price index is presented below:  

= (Cost of purchase those identical goods in 2015) ÷ (Cost to purchase the items in 2014) × 100

= ($11,000) ÷ ($10,000) × 100

= ($11,000) ÷ ($10,000) × 100

= 110

We simply applied the above formula so that the price index could come by considering the cost of 2014 and cost of 2015

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The shareholders' equity of Red Corporation includes $200,000 of $1 par common stock and $400,000 par of 6% cumulative preferred
mario62 [17]

Answer:

b. 22,000

Explanation:

The computation of amount of dividends common shareholders is shown below:-

Amount of annual preferred stock dividend that preferred stockholders are supposed to get.

= $400,000 par value × 6% = $24,000

          Total Cash         Paid to          Paid to       Dividends in Arrears at

           Dividend paid     Preferred      Common        Year end

2011         $40,000        $24,000        $16,000

2012         $20,000       $20,000                              $4,000

2013          $50,000      $28,000         $22,000

Total         $110,000      $72,000          $38,000

Amount of Dividend Common Shareholders will receive in 2013 = $ 22,000

This is because, out of $ 50,000 dividend declared, $ 28000 will be for preferred stockholders ($24000 annual + $4000 arrears)

7 0
3 years ago
A delivery company is considering adding another vehicle to its delivery fleet; each vehicle is rented for $100 per day. Assume
Alinara [238K]

Answer:

Marginal Revenue Product=150

Marginal Resource Cost= 100

Explanation:

Marginal revenue product (MRP) is the change in total revenue that results from a unit change of some type of variable input.

Marginal Revenue Product= Revenue Change

/Additional Input

Marginal resource cost (MRC) is the change in total cost that results from a unit change of some type of variable input.

Marginal Resource Cost= Cost Change

/Additional Input

In this situation we must calculate the change of revenues (MRP) and cost (MRC) when we add a new vehicle.  

We are increasing our delivery fleet in 1 unit

First calculate the change in total revenue

Total revenue= 1,500 packages * $0.10 in revenue=150

Marginal Revenue Product=$150/1=150

The Cost change is $100,

so Marginal Resource Cost= $100/1=100

3 0
3 years ago
Why should a person create a budget
kondor19780726 [428]

Answer:

To know what things they should buy and how much they should pay

Explanation:

7 0
3 years ago
Read 2 more answers
In a free-market economy, a product which entails a positive externality will be: overproduced underproduced produced at the opt
OLga [1]
It would be under-produced. <span />
3 0
3 years ago
Which statement below best answers the economic question How to produce?. . Marco's products sell at prices ranging between $2 a
BabaBlast [244]
The word "produce" involves the way the product is made and also the materials used. For this item, I would go with the third choice, "Marco uses locally harvested wood from a sustainable tree farm to make his products". This describes the materials used.
5 0
3 years ago
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