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Charra [1.4K]
3 years ago
7

The market used to calculate the CPI is 3 units of pork and 4 unit of corn. In 2005, pork cost $20 per pound and corn cost $12 p

er ear. In 2006, pork cost $25 per pound and corn cost $18 per ear. What is the inflation rate for 2006 if the base year is 2005?
Business
1 answer:
Ede4ka [16]3 years ago
7 0

Answer:

<em>The answer will be 136.11 </em>

Explanation:

Because since the cost of the basket in 2005 is = (3x20) + (4 x 12) = 108; And the cost of basket in 2006 is = (3x25) + (4 x 18) = 147

To calculate the CPI,

  • <em>Put a sampling of product prices from a previous year. </em>
  • <em>Then, put the current prices of the same items together. </em>
  • <em>Divide the current total prices by the old prices and then subtract the sum by 100.</em>

The Consumer Price Index (CPI) for 2006 = <em>(147/108) x 100 = 136.11</em>

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The Industrial Revolution is well known in history. During the Industrial Revolution in the 18th and 19th century, managers who could make minor improvements in management tactics were noteworthy because;

  • They produced goods and services due to high increases in production quantity and quality.

<h3>What is the role of management in the Industrial Revolution?</h3>

The Industrial Revolution is known to result in the advent of better and faster technology that helps firms to carry out task more efficiently.

It also help management to greatly increase their output.so as to meet demand of the people and increased production.

Learn more about Industrial Revolution from

brainly.com/question/13323062

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2 years ago
Many socialist nations in Europe are forced to use the "value-added" tax concept to raise money that is desperately needed to su
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Answer:

paid by consumers

Explanation:

Value added tax is a small sum of money that is added on top of the price of a service. For example, I go to a grocery to buy Washing powder which costs me lets say 10 bucks. I will have to pay VAT on the 10 bucks. the vat is a small percent added on the price so here, assuming the VAT is 10%, I will have to pay 10% of 10 bucks PLUS the original 10 bucks so in total it will be 11 bucks.

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3 years ago
Stefani Company has gathered the following information about its product. Direct materials: Each unit of product contains 4.50 p
vodomira [7]

Answer:

The right solution is "$78.55".

Explanation:

The given values are:

Material cost,

= $5 per pound

Average freight costs,

= $0.25 per pound

Downtime average,

= 0.40 hours per unit

According to the question,

The direct material cost per unit will be:

=  ((4.5+0.5)\times 5\times 0.98)+(0.25\times (4.5+0.5))

=  (5\times 5\times 0.98)+(0.25\times 5)

=  24.5+1.25

=  25.75 ($)

The direct labor will be:

=  ((2.0+0.4)\times 12)+(3\times (2.0+0.4))

=  28.8+7.2

=  36 ($)

Manufacturing overhead will be:

=  (2.0+0.4)\times 7

=  2.4\times 7

=  16.8 ($)

hence,

The standard cost per unit will be:

=  Direct \ material+Direct \ labor+Manufacturing \ overhead

=  25.75+36+16.8

=  78.55 ($)

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3 years ago
IDPSs can help the organization protect its assets when its networks and systems are exposed to ____________________ vulnerabili
zhannawk [14.2K]

Answer:

The correct answer is Known vulnerabilities.

Explanation:

An intrusion prevention system (or by its acronym in English IPS) is a software that exercises access control in a computer network to protect computer systems from attacks and abuses. Intrusion prevention technology is considered by some to be an extension of intrusion detection systems (IDS), but in reality it is another type of access control, closer to firewall technologies.

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3 years ago
Correctly complete the following statement. We may be more likely to consider using qualitative forecasting techniques when Sele
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Answer:

b

Explanation:

There are two types of forecasting method

1. Qualitative forecasting

2. Quantitative forecasting

Qualitative forecasting can be described as when subjective judgement or non quantifiable information in forecasting.

<em>When is qualitative forecasting suitable ?</em>

  1. It is used when historical data in unavailable.
  2. this method is suitable when it is predicted that future result would depart from what historical data may suggest

<em>Advantages of Qualitative forecasting </em>

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<em>Disadvantage of Qualitative forecasting </em>

It is subjective.

Quantitative forecasting can be described as forecasting using historical data

3 0
3 years ago
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