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bearhunter [10]
3 years ago
14

Assume the market basket for the consumer price index has two​ products, bread and​ milk, with the following values in 2013 and

2018 for price and​ quantity: Base Year​ (2013) 2018 Product Quantity Price Price Milk 50 ​$1.20 ​$1.50 Bread 100 1.00 1.10 The Consumer Price Index for 2018 equals
a. 118
b. 116
c. 86
d. 85
e. none of the above
Business
1 answer:
Gnesinka [82]3 years ago
3 0

Answer:

b. 116

Explanation:

The calculation of Consumer Price Index is shown below:-

CPI = ((Base year basket quantities × current year price) ÷ (Base year basket quantities × Base year prices)) × 100

= ((50 × $1.50) + (100 × $1.10)) ÷ ((50 × $1.20) + (100 × $1.00)) × 100

= (185 ÷ 160) × 100

= 115.6

0r 116

So, for computing the consumer price index for 2018 we simply applied the above formula.

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Speech uses tone groups, and a tone group can convey only one idea. Writing uses sentences, and a sentence can contain several ideas. A fundamental difference between casual speech and writing is that speech is spontaneous whereas writing is planned. Repetition is usually found in speech.

Explanation:

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Describe the advantage of increased global trade and competition on the u.S. Economy
Alinara [238K]

Answer:

The United States can specialise in producing goods and services which capitalise on its competitive advantages.

Explanation:

Increased global trade opens the United States (U.S) to international markets. This allows businesses in the U.S  to scale their operations so as to meet world demand. In doing so, these businesses may experience lower costs per unit due to increasing production capacity. This growth in operations could lead to increased competition from foreign businesses seeking to enter or operating in the U.S economy. Owing to this, higher levels of innovation and efficiency at firm level would be instituted so as to offer competitive prices.

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What components does a business exclude from<br> Operating surplus
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A business excludes money paid as salaries or wages to employees from operating surplus.

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A car dealer acquires a used car for $12,000, with terms FOB shipping point. Compute total inventory costs assigned to the used
bagirrra123 [75]

Answer:  

<h2>$13,070 </h2>

Explanation:  

The Cost of inventory = all cost of purchase; including costs of conversion and transfer.

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Transportation-in       $100

Shipping insurance    $170

Car import duties      $800

Total Cost              $13,070

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In enterprise systems, supply chain management is tied to the conversion of ______ to finished product
Sveta_85 [38]

In enterprise systems, supply chain management is tied to the conversion of raw materials to finished product.

<h3>What are raw materials?</h3>

This are materials that are used in production process to manufacture a product.

Raw materials are often transformed to finished product that is purchased by consumers.

Supply chain monitor the activity of converting raw material to finished product.

Therefore, In enterprise systems, supply chain management is tied to the conversion of raw materials to finished product.

Learn more on supply chain below,

brainly.com/question/13297496

#SPJ12

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