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suter [353]
3 years ago
7

The 2012 box office receipts for the movie The Avengers were $1,515.8 million. By way of comparison, the 1977 receipts for Star

Wars were $798.0 million. If the Consumer Price Index was 60.6 in 1977 and 229.6 in 2012, which of the following is true?
a. The real receipts of The Avengers were almost four times greater than those for Star Wars.
b. The real receipts of Star Wars were nearly two times greater than those for The Avengers.
c. The real receipts of The Avengers were one-third of those for Star Wars.
d. The real receipts of Star Wars were about 33 percent greater than those for The Avengers.
Business
1 answer:
nalin [4]3 years ago
7 0

Answer: b. The real receipts of Star Wars were nearly two times greater than those for The Avengers.

Explanation:

Real reciept = (Dollar amount) ×( Ending-period CPI) ÷ (Beginning-period CPI)

Here, Receipt for Avengers in 2012 = $1,515.8 million

Receipt for Star wars in 1977 = $798.0 million

CPI in 2012 = 229.6

CPI in 1977 = 606

Now, Real receipt of Star wars in 2012 = $((798.0) × (229.6) ÷ 60.6)

=$ 3023.45 ≈ Twice  of receipt for Avengers in 2012.

<em>[Twice of receipt for Avengers in 2012 = $3031.6]</em>

<em />

Hence, the correct statement is b."The real receipts of Star Wars were nearly two times greater than those for The Avengers."

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Younie Corporation has two divisions: the South Division and the West Division. The corporation's net operating income is $95,40
zalisa [80]

Answer:

$122,500

Explanation:

Calculation for the amount of the common fixed expense not traceable to the individual divisions

First step is to calculate Total segment margin

Total segment margin = $43,600 + $174,300

Total segment margin= $217,900

Now let calculate the Common fixed expense

Common fixed expense = $217,900-$95,400

Common fixed expense $122,500

Therefore the amount of the common fixed expense not traceable to the individual divisions is $122,500

8 0
2 years ago
Alpha Industries is considering a project with an initial cost of $9.7 million. The project will produce cash inflows of $1.67 m
vovikov84 [41]

Answer:

$660,000

Explanation:

WACC = [wD * kD * (1 - t)] + [wE * kE]

WACC = [(0.77 / 1.77)*6.12%* (1 - 0.40)] + [(1 / 1.77)*11.61%]

WACC = 1.60% + 6.56%

WACC = 8.16%

Present value of annuity = Annuity*[1-(1+interest rate)^-time period]/rate

Present value of annuity = $1.67*[1-(1.08156745763)^-9]/0.0816

Present value of annuity = $1.67*6.206374532

Present value of annuity = $10.36 million

NPV = Present value of inflows - Present value of outflows

NPV = $10.36 million - $9.7 million

NPV = $660,000

5 0
2 years ago
What is pure competition?
liubo4ka [24]
It is the third one
5 0
3 years ago
Read 2 more answers
Carlisle Company has been cited and must invest in equipment to reduce stack emissions or face EPA fines of $18,500 per year. An
Ahat [919]

Answer:

equivalent annual cost: 19,784.81

The investment is not economically justified as it is cheaper to pay the fines than invest in the equipment to avoid them.

Explanation:

We calcualte the PMT of a 75,000 dollars equipment at 10%

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 75,000

time 5

rate 0.1

75000 \div \frac{1-(1+0.1)^{-5} }{0.1} = C\\

C                 $ 19,784.811

EPA fines:    <u>   </u><u>$ 18,500.00  </u>

differential:          (1, 284.81)

3 0
3 years ago
Flint Company signed a long-term noncancelable purchase commitment with a major supplier to purchase raw materials in 2018 at a
Salsk061 [2.6K]

Answer:

JOURNAL ENTRY :

Unrealized holding loss on purchase commitment - - - - - $48,700 Dr.

Estimated liability on purchase commitment ($990,700 - $942,000) - - - - 48,700 Cr.

Explanation:

Given the following :

Agreed purchase price of raw materials in 2018 = $990,700

Market value of raw material at 31, December 2018 = $942,000

JOURNAL ENTRY :

Unrealized holding loss on purchase commitment - - - - - $48,700 Dr.

Estimated liability on purchase commitment ($990,700 - $942,000) - - - - 48,700 Cr.

7 0
3 years ago
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