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3 years ago

Competition among more shoe sellers will _____ the price of shoes. increase decrease not change

Business

2 answers:

storchak [24]3 years ago

8 0

Decrease is correct answer.

Alborosie3 years ago

6 0

Competition among more shoe sellers will DECREASE the price of shoes.

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Government survey takers determine that typical family expenditures each month in the year designated as the base year are as fo

valentina_108 [34]

Answer:

CPI = NEW PRICE / OLD PRICE = 776 / 760 = 1.02

INFLATION = CPI / OLD PRICE x 100 = 1.02 / 760 x 100 = 0.13%

Explanation:

Government survey takers determine that typical family expenditures each month in the year designated as the base year are as follows:

• 25 pizzas, $10 each •

Apartment rent, $600 per month

• Gasoline and car maintenance, $100 per month

• Phone service (basic service plus 10 long-distance calls), $50 per month In the year following the base year,

the survey takers determine that pizzas have risen to $11 each, apartment rent is $610, gasoline and maintenance costs are $115, and phone service has dropped in price to $40.a. Find the CPI in the subsequent year and the rate of inflation between the base year and the subsequent year.

ITEM OLD PRICE NEW PRICE

pizzas, $10 $11

Apartment rent, $600 $610

Gasoline $100 $115

Phone service $50 $40

TOTAL. 760 776

CPI = NEW PRICE / OLD PRICE = 776 / 760 = 1.02

INFLATION = CPI / OLD PRICE x 100 = 1.02 / 760 x 100 = 0.13%

6 0

3 years ago

What part of a check is the least important

tatiyna

The memo line is the least important part.

3 0

3 years ago

Read 2 more answers

Astin Company has current assets of $82,530, total assets of $242,050, total net income of $58,240, current liabilities of $72,1

Firdavs [7]

Answer:

a. 1.14

Explanation:

The current ratio is a financial measure that shows how many times the current assets of an entity may be used (covers) the current obligations (liabilities) of the entity.

It is given as current assets divided by current liabilities.

Astin Company’s current ratio

= $82530/$72120

= 1.14

This means that the current assets will settle the current liabilities 1.14 times.

6 0

3 years ago

ABC had a net income of $8,000, $5,000, $12,000, and $10,000 over the first four years of the company's existence. If the averag

Nezavi [6.7K]

Answer:

B) $23,000.

Explanation:

ABC's accumulated net income (or retained earnings) over the past four years = $8,000 + $5,000 + $12,000 + $10,000 = $35,000

ABC's accumulated dividends paid over the past four years = $3,000 x 4 = $12,000

Since dividends are paid using money that proceeds from retained earnings, the balance of the retained earnings account = accumulated retained earnings - accumulated dividends = $35,000 - $12,000 = $23,000

4 0

3 years ago

During the year, direct labor costs of $30,000 were incurred, manufacturing overhead totaled $42,000, materials purchased we

andriy [413]

Answer:

Total Manufacturing Cost = $96,347

Explanation:

Total manufacturing cost include all the costs related directly to the production, and does not include any indirect costs, or cost of selling and administration.

Thus, for the information provided we have,

Since not provided assumed no opening and closing inventory.

Total manufacturing cost =

Direct Labor Cost $30,000

Add: Manufacturing Overhead $42,000

Add: Materials Purchased $27,000

Less: Indirect Material included = ($2,653)

Total Manufacturing Cost = $96,347

4 0

3 years ago