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
PtichkaEL [24]
3 years ago
5

Suppose a basket of goods and services has been selected to calculate the consumer price index (CPI) and 2002 has been selected

as the base year. In 2002, the basket's cost was $600; in 2004, the basket's cost was $650; and in 2006, the basket's cost was $700. The value of the CPI in 2004 was:___________
a. 92.3.
b. 106.3.
c. 108.3.
d. 152.0.
e. more than 155.0.
Business
1 answer:
olchik [2.2K]3 years ago
5 0

Answer:

c. 108.3

Explanation:

Calculation to determine what The value of the CPI in 2004 was:

Using this formula

Consumer Price Index (CPI) 2004 = (2004 Basket cost / Base year basket cost) x 100

Let plug in the formula

Consumer Price Index (CPI) 2004 = (650 / 600) x 100

Consumer Price Index (CPI) 2004 = 108.3

Therefore The value of the CPI in 2004 was:108.3

You might be interested in
Which of the following is deductible as interest on Schedule A? a.Interest on a loan for a 90-foot yacht (a qualified residence)
vodomira [7]

Answer:

Correct option is A.

<u>Interest on a loan for a 90-foot yacht (a qualified residence) with a kitchen, 3 baths and 5 bedrooms</u>

Explanation:

Assesses are permitted a conclusion for unmistakable intrigue paid or collected during the expense year. Sum and sort of derivation is reliant intentionally for which cash is obtained. Enthusiasm on credit for lease, business and eminence exercises is deducted for balanced gross pay. Enthusiasm on credit if there should be an occurrence of individual utilise like speculation intrigue, qualified home intrigue, contract intrigue prepayment punishments, intrigue identified with aloof action. Enthusiasm on credit used for buying resources producing charge excluded salary isn't deductible.

 

Following interest is not deductible as an itemised deduction:

1. Credit investigation fees

2. Service charges

3. Premium on convertible bonds

4. Interest paid to carry single premium life insurance  

5 0
3 years ago
Amazon, the largest online retailer, has experimented with physical stores and recently bought Whole Foods. Whole Foods has almo
denpristay [2]

Answer:

to survive today, organizations need to be present in both the online and physical markets

Explanation:

So far Amazon has dominated the online space when it comes to buying products and services. But the scenario in the question makes it clear that having only one channel open to customers (online) is not sufficient.

It is necessary to diversify by having physical stores in addition to online stores.

Some consumers for example will want to examine what they are buying before paying, others will not have the patience to wait for delivery of goods. So the physical store will serve these segments of customer's.

5 0
3 years ago
On November 7, 2017, Mura Company borrows $160,000 cash by signing a 90-day, 8% note payable with a face value of $160,000. (Use
sergeinik [125]

Answer:

interst expense 1,920 debit

     interest payable      1,920 credit

--to record year-end adjustment--

interest expense     1,280 debit

interest payable      1,920 debit

note payable       160,000 debit

     cash                               163,200 credit

--to record the honor of the note--

Explanation:

principal x rate x time = interest

principal 160,000

rate 8% annual

days from November 7th to December 31th: 54 days

160,000 x 0.08 x 54/360 = <em>1,920 interest expense</em>

at maturity:

160,000 x 0.08 x 90/360 = 3,200

3,200 total interest less 1,920 accrued interest = 1,280

8 0
3 years ago
Robin has moved to a new town during her sophomore year in high school. In order to find a new group of friends, she joins the s
ira [324]

Answer:

Letter d is correct. <u>Coping behavior.</u>

Explanation:

The most suitable alternative to the question is the letter d.

Coping behavior can be defined as behavioral and cognitive efforts that an individual exerts to manage some issues that can be internal or external. This type of behavior is used when it is necessary to deal with great changes.

Therefore coping behavior is a process that an individual finds to manage stressful situations that can cause some type of anxiety.

6 0
3 years ago
Read 2 more answers
Match each region of Virginia to its main source of income,
Svetach [21]

Answer:

Piedmont   ⇒ government jobs. The northern part of Virginia is loaded with federal government workers and federal agencies. Even though the Piedmont region is much larger, its main source of income comes from government jobs mainly located at the northern part (near Washington D.C.)

Appalachian Plateau  ⇒ coal mining. Coal is one of Virginia's most valuable natural resources and it is mined in the Appalachian Plateau region (west of the state).

Blue Ridge Mountain  ⇒ farming. The major economic activities in the Blue Ridge Mountain region of Virginia include farming, livestock, lumber and tourism.  

Coastal Plain  ⇒ tourism. The main sources of income include tourism, shipbuilding and military contractors.

Explanation:

Principal economic activities there include livestock raising, farming, tobacco growing, and lumber production. Commercial apple orchards are found in Virginia, Maryland, and Pennsylvania. The Blue Ridge is a major East Coast recreation area noted for its resorts and scenery. The Appalachian Trail winds atop the range.

5 0
2 years ago
Read 2 more answers
Other questions:
  • The following events occurred for Favata Company: a. Received $13,000 cash from owners and issued stock to them. b. Borrowed $10
    13·1 answer
  • A company estimates that an average-risk project has a WACC of 10 percent, a below-average-risk project has a WACC of 8 percent,
    11·1 answer
  • The terms of trade must be higher (graphically to the right) of a nation's own production __________________
    11·1 answer
  • Fred, a department manager, is attending the monthly budget planning meeting, where all the department managers report on their
    5·1 answer
  • What is leadership management
    15·1 answer
  • When the cost method is used to account for an investment, the carrying value of the investment is affected by a.the earnings an
    14·1 answer
  • In placing a tire order with Goodyear, River City Industrial Supply finds that the truck tires it is ordering have increased $37
    5·2 answers
  • Miranda Company borrowed $125,000 cash on September 1, 2019, and signed a one-year 5%, interest-bearing note payable. Assume no
    11·1 answer
  • On which of the following levels are databases not used?
    6·1 answer
  • Azure inc. , an information technology company, uses a quartile strategy and positions itself in the third quartile to develop i
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!