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Alik [6]
3 years ago
13

The consumer price index (CPI) for a given year is the amount of money in that year that has the same purchasing power as $100 i

n 1983. At the start of 2015, the CPI was 234.1 Write a formula for the CPI as a function of t years after 2015, assuming that the CPI increases by 2.3% every year.
Business
1 answer:
mr Goodwill [35]3 years ago
5 0

Answer:

CPI (n) = 234.1 x 1.023ⁿ

Explanation:

Let P be an exponential function of n (time) with a base a:

Consumer price index = P₀ x aⁿ

where

P₀ is the CPI when n = 0, P₀ = 234.1

a = 1 + r (rate of increase) = 1 + 2.3% = 1 + 0.023 = 1.023

the CPI will increase as n increases

CPI (n) = P₀ x aⁿ = 234.1 x 1.023ⁿ

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Emotion-focused.

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Jeremy operates a business as a sole proprietorship. The proprietorship uses the cash method of accounting. He decides to incorp
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Answer:

$13,000

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have a basis of​ $20,000  and an FMV of​ $40,000

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since  that will reduce the  basis by amount of the note payable.

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8 0
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the creation of a home market is not only necessary to procure for our agriculture a just reward of its labors, but it is indisp
Ahat [919]

The United States should increase the domestic manufacturing to promote prosperity.

<h3>What is manufacturing?</h3>

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7 0
10 months ago
Consider the Northern California territory of Nova generates a sales revenue of $320,000 with four salespeople. The territory ac
antoniya [11.8K]

Answer: e)5% and $80,000

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$320,000 was generated by the salespeople in this territory.

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Territory comprises of = 10% * 64,000,000 = $6,400,000

Their market share is therefore;

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8 0
3 years ago
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