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
seropon [69]
2 years ago
14

In 1969, Malcolm bought a Pontiac Firebird for $2,500. If the price index was 36.7 in 1969 and the price index was 235 in 2013,

then what is the price of the Firebird in 2013 dollars?
a. $4,609.57
b. $4,957.5
c. $13,508.17
d. $16,008.17
Business
1 answer:
Ilya [14]2 years ago
6 0

Answer:

Option (d) $16,008.17

Explanation:

Data provided in the question:

The price of the Firebird in 1969 = $2,500

Price index in 1969 = 36.7

Price index in 2013 = 235

Now,

The price of the Firebird in 2013 dollars will be

= [ Price index in 2013 ÷ Price index in 1969 ] × The price of the Firebird in 1969

= [ 235 ÷ 36.7 ] × $2,500

= 6.40327 × $2,500

= $16,008.17

Hence,

Option (d) $16,008.17

You might be interested in
At any given hotel, one of the largest departments is housekeeping.
KengaRu [80]

Answer:

True

Explanation:

3 0
2 years ago
Read 2 more answers
The income statement and selected balance sheet information for Direct Products Company for the year ended December 31 are prese
tamaranim1 [39]

Answer:

The answer is attached;

Explanation:

Download xlsx
5 0
2 years ago
Sarah's dog had purebred puppies that she decided to sell on www.puppyfind.com. She ships them using an airline. If a puppy dies
klemol [59]
I think it might be the first option
7 0
2 years ago
an accounting association established a code of ethics for all members. the most likely primary purpose for establishing the cod
GrogVix [38]
The main purpose of a code of ethics is to establish basic principles in order to preserve the integrity of the business and its workers.
8 0
1 year ago
Manning Company uses a joint process to produce Products W, X, Y, and Z. Each product may be sold at its split-off point or proc
kogti [31]

Answer:

Y and X

Explanation:      

Product  Additional   Additional Costs   Difference   Decision                    Revenues                                                        

W            40000            60000               -20000        Sell Now    

X            8000                4000                4000        Process On    

Y           100000                32000        68000   Process On    

Z           4000                    20000       -16000          Sell Now

8 0
3 years ago
Other questions:
  • Consumer surplus
    14·1 answer
  • The Microsoft/Nokia alliance that had hundreds of pages to specify each partner's responsibilities would be closest to the _____
    5·1 answer
  • In order for team members to communicate effectively, they need the discipline to _______.
    11·2 answers
  • Market size and growth rates in different countries can be influenced positively or negatively by A. population sizes, income le
    6·1 answer
  • When you choose to live with a roommate on a collage campus, you can live there for free. True or False?
    12·1 answer
  • A certain politician has a brilliant idea. he will increase his popularity and assure reelection by giving away cash to everybod
    6·1 answer
  • Pablo management has ten part-time employees, each of whom earns $145 per day. they are normally paid on fridays for work comple
    15·1 answer
  • Ladiator Apparel is the market leader in the sportswear industry. Though most of its resources are common to those of its compet
    9·1 answer
  • The composition of the Fingroup Fund portfolio is as follows: Stock Shares Price A 320,000 $ 40 B 420,000 45 C 520,000 10 D 720,
    7·1 answer
  • for a monopolist: a. price equals average total cost. b. price is above marginal revenue. c. marginal revenue equals zero. d. ma
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!