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salantis [7]
3 years ago
8

Freddie's Market offers customers tissues, canned goods, napkins, and various detergents in basic packaging with no identified b

rand. These goods are popular with the more cost-conscious shoppers because they are significantly less expensive than nationally known brand names. These types of goods are examples of generic goods.True/False
Business
1 answer:
Irina-Kira [14]3 years ago
3 0

Answer:

True

Explanation:

Generic goods are the products which are named by their product type. The store have many generic goods with lower prices than nationally known brand names. Freddie's Market is also offering its customers generic goods like tissues , napkin and various detergents with no specific brand name. These goods will be less expensive than the brand labelled goods.

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The Bureau of Labor Statistics has found that the base-year expenditures of the typical consumer break down as follows:
Shkiper50 [21]

Answer:

  • <em><u>The CPI for the current year is    104.49   </u></em>

<em><u /></em>

Explanation:

A) Expenditure breakdown of the base year:

You must check that they add 100%

  • Food and beverages:               17.8%
  • Housing:                                   42.8%
  • Apparel and upkeep:                 6.3%
  • Transportation:                          17.2%
  • Medical care:                               5.7%
  • Entertainment:                              4.4%
  • Other goods, and services:       5.8%
  • Total                                          100.0%

Total: 17.8 + 42.8 + 6.3 + 17.2 + 5.7 + 4.4 + 5.8 = 100

Thus, the CPI of the base year is 100.

<u>B. Expenditure breakdown of the current year.</u>

Calculate the changes by adding the percent of increase to each item tha has changed.

1. <u>The prices of food and beverages have increased by 10 percent</u>:

  • 17.8% × 1.10 = 19.58%

2.<u> The price of housing has increased by 5 percent</u>:

  • 42.8% × 1.05 = 44.94%

3. <u>The price of medical care has increased by 10 percent</u>:

  • 5.7% × 1.10 = 6.27%

The other prices are unchanged.

Then, the new breakdown is:

  • Food and beverages:               19.58%
  • Housing:                                   44.94%
  • Apparel and upkeep:                 6.3%
  • Transportation:                          17.2%
  • Medical care:                              6.27%
  • Entertainment:                              4.4%
  • Other goods, and services:        5.8%
  • Total                                           104.49%

Of course the new total is not 100%.

  • 19.58 + 44.94 + 6.3 + 17.2 + 6.27 + 4.4 + 5.8 = 104.49

That means that the price of the total basket of products has increased from 100 to 104.49.

Thus, <u>the CPI of the current year is 104.49 ← answer</u>

8 0
3 years ago
Advantage of written communication
Vika [28.1K]

Explanation:

Advantages of Written Communication:

It is suitable for long distance communication and repetitive standing orders. ...

It creates permanent record of evidence. ...

It gives the receiver sufficient time to think, act and react.

It can be used as legal document.

It can be sent to many persons at a time.

3 0
3 years ago
2. An A firm has sales of $10 million, variable costs of $4 million, fixed expenses of $1.5 million, interest costs of $2 millio
tankabanditka [31]

Answer:

A) DOL = 1.33 times; DFL = 1.80 times; and DCL = 2.4 times

B) Next years expected Earnings before interest and tax = $5.5 million; and Net years expected net income = $2.45 million

C) Next years expected Earnings before interest and tax = $2.5 million; and Net years expected net income = $0.35 million

Explanation:

Note: This platform did allow the explanation to be saved here as it was claiming it contains swearwords. Please, see the attached pdf file for the full answer and explanation.

Download pdf
6 0
2 years ago
Soda and pizza are complements because they are often enjoyed together. When the price of soda rises, what happens to the supply
almond37 [142]

Explanation:

In the case of the complements goods, if the price of the soda rises, the demand would be decreased and the supply would rises. Since the soda and pizza are complementary goods so the impact of one good would be the same for another good also

Moreover, we also know that the price and the demand has an inverse relationship but the price and the supply has a direct relationship

6 0
3 years ago
The interest earned on policy dividends is
Mazyrski [523]
The amount in interest is specified in the policy and compounds annually
8 0
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