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Anika [276]
4 years ago
10

Suppose the price of a gallon of ice cream rises from $4 to $5, and the price of a can of coffee rises from $2 to $2.50. If the

CPI rises from 150 to 177, then people likely will buy a. less ice cream, less coffee b. less ice cream, more coffee c. more ice cream, more coffee d. more ice cream, less coffee
Business
1 answer:
ExtremeBDS [4]4 years ago
4 0

Answer:

a. less ice cream, less coffee

Explanation:

The percentage change in CPI is given by:

\%CPI = \frac{177-150}{150}=0.18

The percentage change in the prices of coffee and ice cream, respectively, are:

\%C = \frac{5-4}{4}=0.25\\\%I = \frac{2.50-2.00}{2.00}=0.25

Both coffee and ice cream had an increase in price above the CPI increase, which means that both goods are being sold above the equilibrium price and thus their demand is likely to fall.

People likely will buy less ice cream, less coffee

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Crops can be traded on the futures market before they are harvested. If a poor corn harvest is predicted, prices of corn futures
r-ruslan [8.4K]

Answer: From the comprehension , we can state the following two arguments:

<u><em>(a.) If a poor corn harvest is predicted, prices of corn futures rise.</em></u>

<u><em>(b.) If a bountiful corn harvest is predicted, prices of corn futures fall.</em></u>

Also, it has been predicted that much-needed rain for the corn-growing region will start tomorrow.

Now, if the following is true, then it weakens the above argument:<em><u> Agriculture experts announced today that a disease that has devastated some of the corn crop will spread widely before the end of the growing season.</u></em>

Since, it has already been predicted that it'll rain in requirements with the growth of the crop but if the crops are destroyed before the growing season , then there will be a decrease in cultivation and thus the prices will rise.

<u><em>Therefore, the correct option is (D)</em></u>

8 0
4 years ago
Flagg records adjusting entries at its December 31 year end. At December 31, employees had earned $8,800 of unpaid and unrecorde
Zepler [3.9K]

Answer:

Debt Salaries payable is $8800

Credit Salaries expense is $8800

Explanation:

given data

earn unpaid and unrecorded salaries = $8,800

paid = $22,000

to find out

journal entry to reverse the effect

solution

here journal entry to reverse the effect January 1 journal entry to reverse the effect of the December 31 salary expense accrual is as

particular                                  debt                               credit

Salaries payable                      $8800

Salaries expense                                                           $8800

as here unpaid salaries of December is paid in January

7 0
3 years ago
Viral marketing strategies have always been developed with the assumption that the company would communicate with potential cust
lara31 [8.8K]

Answer: False.

Explanation:

Viral marketing is a form of marketing where information about a product or brand is made to spread very quickly among a consumers within a short period of time, with the aim that the popularity of the product would increase sales. In viral marketing the company is not directly involved in communicating with their customers, but rather communication is done on their behalf.

4 0
3 years ago
In the first three years of operations, Lindsey Corporation reported net income(loss) of $(150,000), $100,000, and $250,000. At
Dmitriy789 [7]

Answer:

$80,000

Explanation:

The calculation of the total amount of dividend for three years is given below

= Net loss for first-year - net income for the second year + net income for the third year - ending retained earning balance

= -$150,000 + $100,000 + $250,000 - $120,000

= $200,000 - $120,000

= $80,000

And,

As we know,  

The ending balance of retained earning = Beginning balance of retained earnings + net income - cash dividend paid

So, we used the same formula to compute the dividend amount

3 0
3 years ago
every licensee must immediately notify the commissioner in writing of any change in his residence address, business address, or
andre [41]

It is the duty of every licensee to immediately notify the commissioner in writing of any change in his residence address, business address, or mailing address. Hence, the given statement is true.

<h3>What is an address?</h3>

The term "address" refers to the location of a venue where something or someone can be easily found. There are various kinds of addresses that are used by humans to locate or locate either themselves or anything else or a human.

Some of the instances of address are residence address, business address, meeting address, and many more. All legal documents that are held by a person are registered at the address that is given by them.

Thus, when any kind of change in the address occurs or happens, it is the duty of the document holder to inform the signed authority.

Learn more about address from here:

brainly.com/question/12327108

#SPJ4

The complete question has been attached in text form:

Every licensee must immediately notify the commissioner in writing of any change in his residence address, business address, or mailing address

False

True

3 0
1 year ago
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