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4 years ago

Suppose in year 1 the CPI is 90, in year 2 the CPI is 100, and in year 3 the CPI is 110. Then, inflation is

Business

1 answer:

omeli [17]4 years ago

7 0

Answer: E) Both answers B and D are correct.

Explanation:

Inflation using the Consumer Price Index is calculated by;

= (CPI in current year - CPI in previous year) / CPI in previous year

Year 2 Inflation = (100 - 90) / 90

= 11%

Year 3 Inflation = (110 - 100) / 100

= 10%

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Scarcity, opportunity cost, and marginal analysis Kyoko is training for a triathlon, a timed race that combines swimming, biking

alekssr [168]

Answer:

Explanation:

Trade off can be expressed in terms of opportunity cost.

Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.

Kyoko has limited time so she has to choose between three activities. If she chooses one sport, she would not be able to partake in the other activities. So, she is trading off biking or running for swimming.

Trade off occurs because resources are limited and wants are unlimited.

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3 years ago

Which technique should you use to promote your business when responding to a customer’s inquiry? Use “we” language to promote re

KonstantinChe [14]

Answer: Option C Satisfy the inquiry and take the opportunity to introduce another product as well.

Explanation:

The first important thing in customer inquiry is that it has to be attended as soon as possible. It is a way to enhance the business and make the customer buy more when their doubts are clarified.

The other products of the business can be promoted along with the answers to the inquiry. This is the opportunity for the business to directly contact the customer so it has to be made use of. While another product is introduced the customer would be willing to know or buy the other product also.

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3 years ago

Refer to the following trial balance. Debit Credit Cash $19,000 Accounts Receivable 40,000 Merchandise Inventory 62,000

Kryger [21]

Answer:

The answer is B.

Explanation:

Gross profit is the difference between a company's net sales or total revenue and cost of sales or cost of goods sales.

Sales revenue is $433,000

Cost of Goods Sold is $240,000

Remember that Gross profit is Sales revenue - cost of goods sold.

Sales revenue----------------------------$433,000

Minus: Cost of Goods Sold----------$240,000

Gross profit--------------------------------$193,000

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3 years ago

A company is trying to decide whether to sell partially completed goods in their current state or incur additional costs to fini

Ghella [55]

Answer:

b-the costs incurred to process the units to this point

Explanation:

Since in the question it is given that the company want to decide whether to sell partially completed goods or should incurred extra cost in order to finished the goods and sells them as a completed unit

So there should be the decision regarding selling price for the units that are completed, the selling price for the units that are partially completed and the cost i.e to be incurred for finishing the units

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3 years ago

James Company began the month of October with inventory of $19,000. The following inventory transactions occurred during the mon

Juli2301 [7.4K]

Answer:

1. Entries using periodic inventory system

October 12

Purchases $28,000 (debit)

Trade Payable$28,000 (credit)

Freight Charges $540 (debit)

Cash $540 (credit)

October 31

Trade Payable $28,000 (debit)

Cash $28,000 (credit)

October 31

Trade Receivable $28,800 (debit)

Revenue $28,800 (credit)

October 31

Inventory $28,100 (debit)

Cost of Goods Sold $28,100 (credit)

2. Entries using periodic inventory system

October 12

Merchandise $28,000 (debit)

Trade Payable$28,000 (credit)

Freight Charges $540 (debit)

Cash $540 (credit)

October 31

Trade Payable $28,000 (debit)

Cash $28,000 (credit)

October 31

Trade Receivable $28,800 (debit)

Revenue $28,800 (credit)

Cost of Sales $18,600 (debit)

Merchandise $18,600 (credit)

October 31

Merchandise $28,100 (debit)

Cost of Goods Sold $28,100 (credit)

Explanation:

1. Entries using periodic inventory system

With periodic system, inventory valuation is done at end of a specific period.

2. Entries using periodic inventory system

Perpetual system is the method of recalculating the value of goods held after each transaction

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3 years ago