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
Elena-2011 [213]
3 years ago
5

As reported by the Bureau of Labor Statistics, the CPI for Airfare in 2263 was 586.1 (using a base year of 1914 = 100). The CPI

for Airfare in 2264 was 605.7. Based on this data, what was the inflation rate of airfare from 2263 to 2264?
Business
1 answer:
navik [9.2K]3 years ago
3 0

Answer: 3.34%

Explanation:

Firstly, we have to calculate the difference in CPI from the year 2263 to 2264 which will be:

= 605.7 - 586.1

= 19.6

Then, the inflation rate will be:

= Difference in CPI / Base CPI × 100

= 19.6/586.1 × 100

= 3.34%

The inflation rate is 3.34%.

You might be interested in
investment is made at r percent compounded annually, at the end of n years it will have grown to A = P(1 + r)n . An investment m
bixtya [17]

Answer:

$1,500

Explanation:

Given the compounding formula A = P(1+r)^{n}

And given an investment (P), made at 16% compounded annually (r), and an ending amount of $1,740 (A) at the end of the year (n = 1 year), the original amount invested (P) can be computed as follows.

1,740 = P(1+0.16)^{1}

1,740 = P * 1.16

= P = 1,740/1.16 = 1,500.

Therefore, the original investment was $1,500.

3 0
3 years ago
I was doing good until this question
IrinaVladis [17]

i believe it is all but 2

7 0
2 years ago
A good change control process will include:
harkovskaia [24]

Answer: A. All of these

Explanation: Change Control is the process companies uses to document, identify and authorize changes to an environment or process. It assists in reducing the chances of unauthorized modifications, disruptions and errors in the system/process and therefore follows a specific pattern towards its implementation. This would include: Change request identification, assessment, analysis, approval or rejection, and finally implementation. All these from start to finish is usually documented in the change request log.

8 0
2 years ago
Nike Inc is one of the world leading atheletic shoes manufacturer. The following activities occurs during the recent year: Purch
Ksenya-84 [330]

Explanation:

The journal entries are shown below:

1. Building A/c Dr $176

  Equipment A/c Dr $270

               To Cash A/c $408

                To Note payable A/c $38

(Being the building and the equipment is purchased for cash and note payable)

2. Cash A/c Dr $345

        To Common stock $240 (120 shares × $2)

        To Additional paid in capital A/c - Common stock A/c $105

(Being the common stock is issued for cash)

3. Retained earnings A/c Dr $145

            To Dividend payable A/c $145

(Being the dividend is declared)

4. Short - term investment A/c Dr $7,616

            To Cash A/c $7,616

(Being the short term investment is purchased for cash)

5. No journal entry is required

6. Cash A/c Dr $4,413

           To Short - term investment A/c $4,413

(Being the short-term investment is purchased)

8 0
2 years ago
Edmentum/Plato users help!!! Worth 50pts<br> &lt; Image Attached &gt;
Morgarella [4.7K]

Answer:

A credit card

Explanation:

3 0
2 years ago
Other questions:
  • The typical starting point of any firm's marketing mix is the:____________
    13·1 answer
  • As the difference among computer manufacturers in the areas of price and performance narrows, support for green computing is eme
    9·1 answer
  • Like a good economist, you calculated the opportunity cost of getting your college degree. suppose that at your university, you
    8·2 answers
  • 20. The consumer price index was 120 in 2013 and 126 in 2014. The nominal interest rate during this period was 8 percent. What w
    11·1 answer
  • Troy received a gift of 100 shares of stock from his grandmother on July 1 of the current year. Troy's grandmother had owned the
    13·1 answer
  • A constant-cost industry is one in which_______
    9·1 answer
  • Liam manages his father's construction company. He is usually very lenient with his employees. He allows his employees to work f
    9·1 answer
  • Discuss Five types of visual aids?​
    12·1 answer
  • When your superior offers you a raise if you will perform additional work beyond the requirements of your job, he/she is exercis
    10·1 answer
  • Which form of feasibility incorporates both physical and mental integration of the design work system during job completion
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!