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%
- Other goods, and services: 5.8%
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>:
2.<u> The price of housing has increased by 5 percent</u>:
3. <u>The price of medical care has increased by 10 percent</u>:
The other prices are unchanged.
Then, the new breakdown is:
- Food and beverages: 19.58%
- Other goods, and services: 5.8%
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>
Explanation:
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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:
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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
The amount in interest is specified in the policy and compounds annually