1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
andriy [413]
4 years ago
5

The base year in the consumer price index (CPI) is:_________.

Business
1 answer:
astra-53 [7]4 years ago
6 0

Answer:

C. a year chosen as a reference for prices in all other years.

Explanation:

Base year in the consumer price index (CPI) is a year chosen as a reference for prices in all other years.

Consumer Price Index (CPI) is a measure that is used to determine the weighted average of prices of a quantity of consumer goods and services.

Changes in the consumer price index helps to determine price changes associated with the cost of living. The consumer price index is one of the most frequently used statistics for identifying periods of inflation or deflation in an economy.

The formula used to calculate consumer price index for a product

= cost of purchasing the product in the given year ÷ cost of purchasing the product in the base year ×100

The base year or period refers to reference point in time iseda for comparison with other years or periods. It is used to measure financial and economic data.

period is a point in time used as a reference point for comparison with other periods. It is generally used as a benchmark for measuring financial or economic data.

You might be interested in
A market maker faces the following demand and supply for widgets. Eleven buyers are willing to buy at the following prices: $15,
beks73 [17]

Answer:

maximum profit ($30 in total) is obtained by selling 5 units

Explanation:

  1. if the market maker buys and sells one unit, his/her profit = $15 - $5 = $10
  2. if the market maker buys and sells two units, his/her profit = $10 + ($14 - $6) = $18
  3. if the market maker buys and sells three units, his/her profit = $18 + ($13 - $7) = $24
  4. if the market maker buys and sells four units, his/her profit = $24 + ($12 - $8) = $28
  5. if the market maker buys and sells five unit, his/her profit = $28 + ($11 - $9) = $30

the maximum profit per unit is obtained by selling only 1 unit, but the total maximum profit is obtained by selling 5 units.

3 0
3 years ago
A company is contemplating investing in a new piece of manufacturing machinery. the amount to be invested is $210,000. the prese
Phoenix [80]
I don't see a statement but if the investment was $210,000 and the future cash flows was $225,000 the net revenue would be 225,000-210,000 = 15000 and 15000/210,000=7.1%  so the company's desired rate of return would not be met.
3 0
4 years ago
Which of the following groups contribute to meeting a community’s societal needs? -community volunteers -public service employee
Sliva [168]
The following groups that contribute to meeting a community’s societal needs would be all of the above
6 0
3 years ago
A stationery company plans to launch a new type of indelible ink pen. Advertising for the new product will be heavy and will cos
stich3 [128]

Answer:

The advertising spend would reduce income taxes by $2.8 million

Explanation:

The advertising expense since it is allowable expense from profits made in the year would reduce income taxes next year by  $2.8 million ($8 million *35%)

This means that because of its tax deductibility,it would make a business sense to incur the advertising cost of $8 million coupled with the fact the it has the potential to increase sales revenue over and above the current level of $280 million

3 0
4 years ago
Fill in the blank question. A product has a selling price of $10 per unit, variable expenses of $6 per unit and total fixed cost
Trava [24]

The net operating income is $5,000.

<h3>What is the net operating income?</h3>

The net operating income is total revenue less direct and indirect expenses.

The net operating income = total revenue - variable expenses - fixed costs.

Total revenue is price per unit multiplied by the total quantity sold. The variable expense cost per unit multiplied by the total quantity sold.

(10,000 x $10) - (10,000 x $6) - $35,000

100,000 - 60,0000 - 35,000 = $5,000

To learn more about fixed cost, please check: brainly.com/question/25879561

6 0
2 years ago
Other questions:
  • Cable Company reported bond interest expense of $40,000 for the current year. During the year, the balance in the premium on bon
    8·1 answer
  • Marine Midland Bank sent market researchers door-to-door in the neighborhoods surrounding its branch banks. Each researcher want
    14·1 answer
  • The __________ of the procure-to-pay cycle is ordering; the most common way the ordering step begins is through the release of a
    7·1 answer
  • Activity rates from Quattrone Corporation's activity-based costing system are listed below. The company uses the activity rates
    12·1 answer
  • By providing training in the responsible service of alcoholic beverages to servers and bartenders a business owner will A. Serve
    14·1 answer
  • Which of the following is the best example of a marginal change? Select one: a. After graduating college, Audrey's income increa
    5·1 answer
  • ________ refers to the apprehension among minority group members that they might confirm to existing cultural stereotypes. a. Pe
    8·1 answer
  • Find the following values. Compounding/discounting occurs annually. Do not round intermediate calculations. Round your answers t
    8·1 answer
  • Why target market trade is executed
    6·2 answers
  • In a market economy, prices are set using a cost/benefit analysis
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!