1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ket [755]
3 years ago
8

According to the Census Bureau, in October 2016, the average house price in the United States was $27,358. 8 years earlier, the

average price was $21,808. What was the annual increase in the price of the average house sold
Business
1 answer:
yarga [219]3 years ago
3 0

Answer:

Annual increase in price=3.3%

Explanation:

Using the cumulative average growth formula, we can compute the average annual increase as follows;

Average annual increase =( Recent price/Initial price)^1/(n-1)

Initial price =$27,358. 8

Recent price = $21,808

n=8

Average annual increase= (27,358. 8/21,808)^(1/(8-1))=3.3%

Annual increase in price

You might be interested in
Watson Company has the following data: work in process beginning 18,000; work in process ending 25,000: direct labor costs incur
sergij07 [2.7K]

Answer:

Direct materials= $4,000

Explanation:

Giving the following information:

work in process beginning 18,000

work in process ending 25,000

direct labor costs incurred 5,000

Cost of goods manufactured 9,000

factory overhead 7,000.

To calculate the direct material we need to use the formula for the cost of goods manufactured:

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

9,000= 18,000 + direct materials + 5,000 + 7,000 - 25,000

9,000= 5,000 + direct materials

4,000= direct materials

5 0
3 years ago
If advertising succeeds in enhancing brand loyalty among consumers, it tends to enhance the monopoly power of the seller..TrueFa
dusya [7]

Answer:

True

Explanation:

Advertising is a form of non price competition.

If advertising increases brand loyalty ,it increases the number of people that would choose to patronise a particular brand forsaking other brands.

This gives the producer that enjoys brand loyalty the leeway to increase price because they are confident that consumers would not switch to other brands.

I hope my answer helps you

5 0
3 years ago
What is not a task of a bank?
gladu [14]

they arent obligated to be real people.

4 0
3 years ago
Read 2 more answers
Carol has worked for Centrum Springs, Inc., for many years and has now been given the opportunity to advance in the company. Her
Sholpan [36]

The correct answer would be, Planning, Organizing, Leading and Controlling.

Refer to Centrum Springs, Inc. when Riley learns all that it takes to be a manager, he will be involved in Planning, Organizing, Leading and Controlling

Explanation:

A person who is being considered for the position of a manager, must be competent in these four functions of management. The four functions of management are:

  • Planning
  • Organizing
  • Leading and
  • Controlling

These four functions of management are interconnected and the other one starts after the completion of one function.

So when Riley learns all that it takes to be a manager, then he will be involved in these functions of management, where he will make plans for the growth and profitability of the organization, then he will organize according to those plan, then he will lead others to work towards the plan and finally he will have to do the controlling process to evaluate the outcomes of each implemented plan.

Learn more about functions of management at:

brainly.com/question/13542453

#LearnWithBrainly

5 0
3 years ago
Howard Cooper of Owens Corning Fiberglass talks to David Weekley, a homebuilder, to find out how much fiberglass insulation he i
Mars2501 [29]

A buildup approach is used by Howard to find out how much fiberglass insulation to use in building homes

<h3>What is a buildup approach?</h3>

This refers to the method of calculating an market's revenue potential by recognizing the number of probable purchasers in the market and ther purchaser's requirements as well.

Hence, this same approach is used by Howard to find out how much fiberglass insulation to use in building homes.

Read more about buildup approach

<em>brainly.com/question/14167677</em>

#SPJ1

7 0
2 years ago
Other questions:
  • Pharoah Corporation provides its officers with bonuses based on net income. For 2017, the bonuses total $384,900 and are paid on
    6·1 answer
  • Mars inc., an automaker, hires a popular celebrity, emma hunt, as the spokesperson for its "keep the world green" campaign, an i
    15·1 answer
  • Fitzgerald Company wrote checks totaling $34,160 during October and $37,300 during November. $32,480 of these checks cleared the
    15·1 answer
  • The two key financial markets areSelect one:a. primary market and secondary market.b. primary market and money market.c. money m
    12·1 answer
  • Current assets: Cash and cash equivalents $ 346 $ 265 Current investments 5 443 Net receivables 594 186 Inventory 10,592 8,409 O
    9·1 answer
  • The Broadmoor Hotel in Colorado Springs, Colorado, maintains its five-star rating by focusing on five service characteristics: r
    6·2 answers
  • A movie star was paid $1 million in 1960 to do a movie. The CPI was 29.3 in 1960 and the CPI in 2014 was 240. Approximately how
    12·1 answer
  • Home &amp; More is considering a project with cash flows of −$368,000, $133,500, −$35,600, $244,700, and $258,000 for Years 0 to
    14·1 answer
  • Paid rent of Rs.25000 by cheque. make journal entry ​
    14·1 answer
  • The illustration above was likely created in support of A. increasing immigration quotas from southern Europe. B. allowing busin
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!