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mylen [45]
2 years ago
9

To determine the consumer price index (CPI), _____. a. only the current market basket at current prices needs to be known. b. th

e values of the base-year market basket at current and base-year prices need to be known. c. the values of the current market basket at current and base-year prices need to be known. d. only the current market basket at base-year prices needs to be known. e. the values of the current market basket at current prices and the base-year market basket at base-year prices need to be known.
Business
1 answer:
Maru [420]2 years ago
7 0

Answer:

e. The values of the current market basket at current prices and the base-year market basket at base-year prices need to be known

Explanation:

The formula of Consumer Price Index (CPI) is: Current year price of basket consisting of many goods / Base year price of basket consisting of many goods.

The result obtained from the above formula is multiplied by 100 to get final answer in percentage form. So, Option E is the correct option.

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<h3>Answer: Neither. They will use International Law. </h3>

Explanation:

When companies from different countries get  into a contract, it is quite desirable that they stipulate which country's laws that they will abide by should the need arise.

However, if this is not done, there is still a method of enforcing. When not specifically listed, contract between companies from different countries falls under a branch of Private International law which is International Contract Law which is synonymous with International Sales law.

This law falls under the jurisdiction of the United Nations Convention on Contracts for the International Sale of Goods (CISG) which came into effect in January 1988.

Both France and the United States of America have ratified the law and so Cowboy Hats is free to take legal action within this framework if they so please.

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3 years ago
Max worked 48 hours last week. What is his gross pay for the week if his regular hourly pay is 13.50
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The correct answer is $648
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A company had inventory on November 1 of 5 units at a cost of $20 each. On November 2, they purchased 10 units at $22 each. On N
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Answer: A $304

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On November 1, total value of inventory = $20 × 5 =$100

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On November 6, total value of inventory = $320 +($25×6) = $470

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6 0
3 years ago
Someone who does not have an aptitude or ability in a career area is at disadvantage if they select a career in that
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Someone who does not have an aptitude or ability in a career area is at a disadvantage if they select a career in that field. ... When working on developing an ability, it is important to get feedback to know how you are doing. True. Jobs that require you to use your aptitudes are typically unrewarding

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Colby Corporation has provided the following information Operating revenues from customers were $199,700. ·Operating expenses fo
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Answer:

d. $46,800

Explanation:

Operating revenues   $199,700

Less:

Operating expenses  <u> $111,000</u>

Operating Profit           $88,700

Less:

Interest expense         $9,200

Income tax expense   <u>$36,000</u>

Net Income                 $43,500

Add:                

Gain from sale           <u> $3,300  </u>

Total Net Income        <u>$46,800</u>

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