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
Makovka662 [10]
3 years ago
7

The price of a gallon of gasoline was $0.35 in 1972 when the CPI equaled 0.418. The price of a gallon of gasoline was $2.25 in 2

005 when the CPI equaled 1.68. The real price of a gallon of gasoline between 1972 and 2005:
Business
1 answer:
lana66690 [7]3 years ago
3 0

Answer:

increased

Explanation:

Data provided in the question:

Price of a gallon of gasoline in 1972 = $0.35

CPI in 1972 = 0.418

Price of a gallon of gasoline in 2005 = $2.25

CPI in 2005 = 1.68

Now,

Real cost in 1972 = [ Nominal cost in 1972 ] ÷ [ CPI in 1972 ]

= $0.35 ÷ 0.418

= $0.837

Real cost in 2005 = [ Nominal cost in 2005 ] ÷ [ CPI in 2005 ]

= $2.25 ÷ 1.68

= $1.34

Hence,

The price of gallon of gasoline increased between 1972 and 2005

You might be interested in
Express the elements in pointwise which are required in employment notice​
lions [1.4K]

It's too short. Write at least 20 characters to explain it well.

6 0
3 years ago
A company has sales of $375,000 and its net income is 54,250. its gross profit is $157,500. its cost of goods sold equals: a 7.6
Galina-37 [17]

Answer:

$217,500

Explanation:

We know that the

Cost of goods sold = Sales revenue - gross profit

                                = $375,000 - $157,500

                                = $217,500

To compute the cost of goods sold we deduct the gross profit from the sales revenue so that the cost of goods sold can come.

And, the net income would be ignored

This is the answer but the same is not provided in the given options

6 0
3 years ago
e lottery winner who is going to invest in utility bonds and a savings account using the following data: Assume that her total w
tensa zangetsu [6.8K]

Answer:

How much should she allocate to each investme?

420000 in Bonds and

280000 in Saving Account

Explanation:

x*0.03 = y*0.02

Assuming she has to invest everything

x+y = 700,000

x = 700,000-y

Plug that in to the above

(700000-y)*0.03 = y*0.02

21000 - 0.03y = 0.02y

21000 = 0.05y

y = 420000

x = 700,000-y

x = 700,000-420000= 280000

420000 in Bonds and

280000 in Saving Account

Income saving=280000*2%=5600

Utility bonds=420000*3%= 12600

3 0
3 years ago
The management of Dewitz Corporation is considering a project that would require an initial investment of $65,000. No other cash
son4ous [18]

Answer:

It is 1.12 (B)

Explanation:

Profitability Index= PV of  Future cash flow/Initial Investment

                            = $72,800/$65,000

                            =1.12

The index is a useful tool for ranking investment projects and making decision most especially when there is limited capital availbal  and all the viable projects cannot be executed. It showed the value created per unit of investment.

Hence, the higher the profitability index, the more attractive the investment is.

4 0
3 years ago
Which of the following deals with cost-benefit analysis?
lana66690 [7]
It is B. and now i have to type more to get this answer posted
8 0
3 years ago
Read 2 more answers
Other questions:
  • Jim holds a commercial lease. Last year his rent went up 4% based on a 4% increase in the wholesale price index. What type of le
    9·1 answer
  • To properly address a business envelope, you should use A. boldface type for the ZIP code. B. a flush-right margin. C. all capit
    9·1 answer
  • The auditor should perform tests of controls when the auditor's assessment of the risks of material misstatement includes an exp
    14·1 answer
  • London Ceramics makes custom ceramic tiles. During March, the company started and finished Job #266. Job #266 consists of 2,500
    14·1 answer
  • Each day, Tasty Tortilla Company incurs total costs of $8,000 to process flour into tortillas. The company can then sell the tor
    5·1 answer
  • Suppose that you were born in 1999. Also, suppose that your mother received a $100 baby shower gift at your birth. How much woul
    9·1 answer
  • If yal bold drop ya body count
    14·2 answers
  • What is the difference between a total and a subtotal?
    6·1 answer
  • President Ronald Reagan
    8·1 answer
  • Suppose that annual income from a rental property is expected to start at ​$1,100 per year and decrease at a uniform amount of ​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!