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Nata [24]
2 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]2 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%

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Ethan's Eggroll House, a calendar year corporation, purchased a new computer and printer in January for $1,500. In February, the
eduard

Answer: The answer is D $300 computer, $240 oven

Explanation:

According to IRS tables on the calculation of depreciation on computer and oven, it is estimated that an asset such as computer will have a depreciation useful life of 5 years

Therefore since computer cost and printer = $1,500, useful life = 5 year

Cost ÷ useful life

= 1,500 ÷ 5

= $300

For oven since the cost =$1,200, useful life = 5years

Cost ÷ useful life

= 1,200 ÷ 5

= $240

6 0
3 years ago
Larsen Corporation reported $200,000 in revenues in its 2021 financial statements, of which $66,000 will not be included in the
Anastaziya [24]

Answer:

$16,500

Explanation:

The computation of the deferred income tax liability for the year 2021 is shown below:

= Amount not included in tax return × enacted tax rate for 2022 year

= $66,000 × 25%

= $16,500

Simply we multiplied the amount not included with the enacted tax rate for 2022 year so that the correct amount could come

And, we ignored the other information given in the question

5 0
3 years ago
You are considering a car loan with a stated APR of 5.42​% based on monthly compounding. What is the effective annual rate of th
Anon25 [30]

Answer:

The effective annual rate is 5.57%

Explanation:

The interest rate that is actually earned or paid on investment or loan including the compounding effect over a given period of time. It is also known as rate.

Effective interest rate = [ ( 1 + r/m )^m ] - 1

Effective interest rate = [ ( 1 + 5.42%/12 )^12 ] - 1

Effective interest rate = [ ( 1 + 0.0542/12 )^12 ] - 1

Effective interest rate = 0.055567 x 100

Effective interest rate = 5.5667% = 5.57%

6 0
3 years ago
Tim, who works for Peachtree Realty, referred a buyer to a broker who works for Pinetop Realty. The referring agent is to receiv
IrinaK [193]

Answer:

$1,312.50

Explanation:

Calculation for How much was the referring agent paid

First step is to find the buyer agent amount by using the buyer's agent percentage to multiply the buyer purchased amount of the home

Using this formula

Buyer agent amount =Buyer's agent percentage× Home purchased amount

Let plug in the formula

Buyer agent amount=1.5%×$350,000

Buyer agent amount=$5,250

The last step is to find How much was the referring agent paid

Using this formula

Amount referring agent paid =Buyer agent amount× Percentage of buyer side commission

Let plug in the formula

Amount referring agent paid=$5,250×25%

Amount referring agent paid=$1,312.50

Therefore the amount that the referring agent paid will be $1,312.50

5 0
2 years ago
The objective of a firm using open innovation is to:
BabaBlast [244]

Answer:

The correct answer is letter "B": to reach out beyond its familiar research partners and to access R&D carried out globally.

Explanation:

Open innovation is an approach most companies are taking nowadays because of the need for adapting the goods or services they offer to the rapidly changing world we live in where product life cycles are every time shorter. Open innovation allows firms to obtain help from other domestic or international entities contributing to the development of new items or the modification of existing ones to meet consumers' needs.

3 0
2 years ago
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