All categories

3 years ago

What measures the change in prices of a basket of goods and services in a given year?

Business

2 answers:

Bogdan [553]3 years ago

8 0

Its D or inflation.

Ive took the test and tried all the answers

Strike441 [17]3 years ago

3 0

The average change over time in the prices paid by urban consumers for a market basket goods and services of consumer is measured by the consumer price index. A general increase in the cost of goods and services which also measures the change in prices of a basket of goods and services in a given year is inflation.

You might be interested in

Using the income statement method for accounting for uncollectible accounts, a company estimates that 2.5% of credit sales will

Digiron [165]

Answer:

the adjustment for estimated uncollectible accounts will require

b. Debit to Bad Debt Expense for $10,000.

Explanation:

There are two primary methods for estimating bad-debt expense. The first is an income-statement approach that measures bad debt as a percentage of sales.

Accout receivable at the end_ 80000

Credit sales_______________400000

Estimate________________ 2,50%

Debit bas debt expense______10000

7 0

3 years ago

Product-oriented layout is characterized by high demand for the same or similar products. Another name for this layout is

dexar [7]

Answer:

Repetitive layout

Explanation:

In simple words, Product-oriented layouts can be understood as the model that is grouped around items with equivalent high low commodities or families. Consumer demand is strong enough to warrant the high investment in specialized equipment in such a design. The commodity is standardized or entering a life cycle period that justifies investments in advanced equipment.

3 0

3 years ago

The following information is for MTC Harry Company:

neonofarm [45]

Answer:

Results are below.

Explanation:

First, we need to calculate the total manufacturing costs:

total manufacturing costs= Raw materials used in production as direct materials + Direct labor costs + (Manufacturing overhead (actual) - Under-applied manufacturing overhead)

total manufacturing costs= 95,000 + 100,000 + (250,000 - 25,000)

total manufacturing costs= $420,000

Now, the cost of goods manufactured:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

cost of goods manufactured= 130,000 + 420,000 - 145,000

cost of goods manufactured= $405,000

Finally, the cost of goods sold:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 65,000 + 405,000 - 80,000

COGS= $390,000

3 0

2 years ago

Assume that you and your best friend each have $1,000 to invest. You invest your money in a fund that pays 10% per year compound

marishachu [46]

Answer:

correct answer is c. You both have the same amount of money

Explanation:

given data

invest = $1000

pay compound interest = 10%

pay simple interest = 10%

time = 1 year

solution

we get here difference in the total amount that is your friend money - your money .................1

so difference in the total amount = invest × $(1+rate)^{time}$ - [ invest + ( invest × rate × time) ] ......................2

put here value

difference in the total amount = $1000 × $(1+0.10)^{1}$ - [$1000 + ( 1000 × 10% × 1) ]

difference in the total amount = 0

so correct answer is c. You both have the same amount of money

7 0

3 years ago

Fleming Company has the following cumulative taxable temporary differences: 12/31/18 12/31/17 $1,600,000 $2,250,000 The tax rate

jeyben [28]

Answer:

Pretax financial income is $3,350,000.00

Explanation:

Fleming's pretax financial income is the taxable income for 2018 plus the increase in cumulative taxable temporary difference in 2018.

Taxable income is $4,000,000

Difference in cumulative taxable difference=$1,600,000-$2,250,000

=-$650,000

pretax financial income=$4,000,000+(-$650,000)

=$4,000,000-$650,000

=$ 3,350,000.00

The pretax financial income for year 2018 is $3,350,000.00

7 0

3 years ago