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PolarNik [594]
3 years ago
7

(50 pts) Which of the following statements concerning price indexes is not accurate?

Business
2 answers:
Lilit [14]3 years ago
6 0

Answer:

Price indexes define the cost of goods in the entire economy at a given point in time.

Explanation:

Price indexes actually measure relative price changes, consisting of a series of numbers arranged so that a comparison between the two values for any two periods or places will show the average change in prices between periods or the average difference in prices between places.

Mademuasel [1]3 years ago
4 0

<em>Price indexes define the cost of goods in the entire economy at a given point in time.</em>

<em />

A price index is a scale used to measure changes in the levels of prices. This is a percentage scale that can be either based on prices of a single good or an entire market basket. This is only a small-scale index, not representative of an entire economy.

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A company has an opening stock of 6,000 units of output. The production planned for the current period is 24,000 units and expec
Orlov [11]

Answer:

Explanation:

                                                Last year           Current year

Selling Price                      10                         10

Varaible Price                5                         6

Contribution Margin               5                               4

Break even is the point where total cost is equal to total revenue mean no profit and loss.

company earns the contribution margin after covering the variable cost, now only fix cost remains for break even.

Break Even using FIFO method :  first In first out system

Fix Cost                                                                            =     86000

contribution from opening units(6000*5)                            =     30000

Remaining Fix cost that should be Covered from

current year products                                                            =     56000

 

Units to be sold for break-even ( 56000/4)   = 14000

so we have break even units   6000+14000 = 20000

Fix cost                              = -86000

Opening 6000*5              = 30000

Current   14000*4             = 56000

Profit                                   = 0

Break Even using LIFO method : Last in first out

Fix Cost                                                                            =     86000

Break even =  Fix Cost / Contribution margin

Break even =  86000/4 =21500

current production is 24000 which is higher than break even units so we can cover the fix cost from current year production because company is using lifo method. we do not need opening units for the break even.

4 0
3 years ago
Most international business messages tend to be written in an informal, conversational manner. should be written following gener
Virty [35]

Answer:

should conform to the conventions of the receiver's country

Explanation:

The more an international business adapts its operations to the specific culture of the countries where it operates, the more likely it is that it will succeed, since customers are very sensitive to their own culture, and lacking this understanding can result in ineffective communication, and less sales.

For this reason, interantional business messages should conform to the conventions of the receiver's country: like this, people in the receiver country will not only understand the message clearly, but will also feel identified with it, raising their level of trust in the company.

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</span><span>Both these options reflect you as a person willing to develop in a chosen sphere so that you can stand as a suitable worker. A will to develop and finding new contacts is the best way for an employee to succeed. 


</span>
3 0
3 years ago
Read 2 more answers
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tamaranim1 [39]

Answer:

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Explanation:

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