1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nata [24]
3 years ago
14

Four years ago, a popular sandwich company used to sell 12-inch roast beef subs for only $5.49, but the same product now sells a

t $6.99. Assuming inflation has been constant those four years, and that the entire cost increase is attributed to inflation, what was the inflation rate
Business
1 answer:
Ainat [17]3 years ago
6 0

Answer:

6.22%

Explanation:

Price of sandwich four years ago, Present value = $5.49

Price of sandwich, Future value = $6.99

It is given that the inflation has been assumed to be constant over these four years.

Inflation rate refers to the rate at which prices of the good increases from the previous level. In a simple language, if there is a rise in the price of the goods then this economy is experiencing a inflation.

Inflation rate:

=(\frac{Future\ value}{Present\ value}) ^{\frac{1}{n} } -1

=(\frac{6.99}{5.49}) ^{\frac{1}{4} } -1

= 1.0622487 - 1

= 0.0622487 or 6.22%

Therefore, the inflation rate is 6.22%

You might be interested in
Which of the following employees has the largest gross pay? a. Employee A: Total employee benefits $1,500 Total job benefits $49
Fiesta28 [93]

Answer:

<h2>Employee D has the largest gross pay among all the four employees.</h2>

Explanation:

Gross pay is normally calculated by taking the sum or aggregation of the basic salary or direct job related benefits and any additional employee benefits obtained by the employee from the company.

Therefore,for employee A,total gross pay=(49,800+1500)=51,300 dollars

For employee B,total gross pay=(51,200+1050)=52,250 dollars

For employee C,total gross pay=(51,900+1000)=52,900 dollars

For employee D,total gross pay=(52,300+3000)=55,300 dollars

Therefore,based on the above calculations of gross pay of all the employees,employee D has the highest or largest gross pay which is $55,300.

4 0
3 years ago
Read 2 more answers
Studies show that OSHA employees fail to properly inspect and regulate many workplaces, primarily because they do not have _____
Viefleur [7K]

Answer:

Studies show that OSHA employees fail to properly inspect and regulate many workplaces, primarily because they do not have __________.

sufficient resources.

Explanation:

OSHA means Occupational Safety and Health Act.  The law was passed in 1970 to protect workers rights to safe working environments and to promote good health of workers.  OSHA employees are expected to properly inspect and regulate all workplaces.  But lack of resources (human, material, and financial) have hindered the attainment of the objectives of the law.  The OSHA employees have also faced challenges from employers who would rather not comply with workplace safety regulations.

5 0
3 years ago
Marigold Inc. reported total assets of $2391000 and net income of $318000 for the current year. Marigold determined that invento
Artist 52 [7]

Answer:

Total Assets = $2391000

Net Income = $318000

Explanation:

The corrected amount for total assets and net income for the year :

Total Assets = $2391000

Net Income = $318000

7 0
3 years ago
Assume that you have the following decision-making options: (1) make the decision on your own with available information, (2) co
raketka [301]

Answer:

(2) consult others before making a decision.

Before I make a recommendation, I will consult my team members.  Individually, some may have new ideas and modifications which we can incorporate into the project to even beat the competition and cause management to continue supporting the project.

Explanation:

Even though our competitor's "product appears to utilize radical new design principles that expand the functionality of the product," we can still modify our product.  This will not only incorporate the features of our competitor's product, but also further introduce new features that will emanate from the challenge from competition.

This is where the SCRUM framework becomes important.  This framework for project management emphasizes teamwork, accountability, and iterative progress toward a well-defined goal, while allowing for tweaks.

Developing this project based on this framework must have made it possible for us to receive the report from the marketing department in the first place.  The principles of Scrum are Openness, Respect, Courage, Commitment, and Focus.  So, the best we can do will be to prioritize, come up with new improvement ideas, and convince top management not to cancel the project.

3 0
3 years ago
West Company estimates that overhead costs for the next year will be $3,800,000 for indirect labor and $970,000 for factory util
nalin [4]

Answer: $45 per machine hour

Explanation:

Company uses machine hours as its overhead allocation base and there were 106,000 machine hours planned.

The overheads are $3,800,000 for indirect labor and $970,000 for factory utilities.

The rate will therefore be;

= Total Overhead / Machine hours

= (3,800,000 + 970,000) / 106,000

= $45 per machine hour

3 0
3 years ago
Other questions:
  • Analysis of an income statement, balance sheet, and additional information from the accounting records of Gadgets, Inc., reveals
    5·1 answer
  • Where should essential oils be placed for use in tandem with steam treatments?
    5·1 answer
  • Quince products is a small company in southern california that makes jams and preserves. recently, a sales rep from one of the c
    7·1 answer
  • Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricat
    14·1 answer
  • Please help<br> For what do governments use tax revenues?
    11·1 answer
  • What term describes the execution of business transactions in a paperless environment, primarily through the Internet
    5·1 answer
  • Assume an organization's cost of capital is 10% and Division X has operating income of $3 million and uses $20 million of capita
    8·1 answer
  • If you expect the euro to depreciate, it would be appropriate to ____ for speculative purposes. Question 7 options: sell a euro
    13·1 answer
  • Mary Delany, owner of Delany Salsas, is curious to know whether the new packaging for her line of salsas is being noticed by sup
    7·1 answer
  • Journalize the entry for Hot Rod Service using the following data from the payroll register: Regular earnings $16,370 Overtime e
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!