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Ludmilka [50]
3 years ago
5

Suppose that you were born in 1995. Also, suppose that your mother received a $100 baby shower gift at your birth. How much woul

d it cost to buy a similar amount of goods and services in 2015 given that the CPI was 152.4 in 1995 and 237.0 in 2015?
Business
1 answer:
valkas [14]3 years ago
4 0

Answer:

$155.5

Explanation:

The Consumer price index indicates how prices change through time of a determined basket of goods and services. Inflation is calculated by the percentage change of this index in two periods of time. In this case, we must calculate the percentage change:

1995: 152.4

2015: 237.0

(237-152.4/152.4)*100= 0.555*100=55.5%

The inflation rate for this period is 55.5%. To buy a similar amount of goods and services in 2015 we have to pay an 55.5% extra, which means we have to pay $155.5

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Smythe Co. makes furniture. The following data are taken from its production plans for the year.
Pepsi [2]

Answer:

ii

Explanation:

Number of pounds remain same whether the expected production id 207,000 or 21,000 units. Direct labor hours vary with expected units of production. So, assignement based on direct labor hours is better for assigning costs to eact product

5 0
3 years ago
What is one of the advantages of buying an existing business?
leonid [27]
You don't have to pay for construction and people are already aware of the business's existence.
4 0
3 years ago
A city borrows $800,000 in January because it does not receive property taxes until May. It borrows on a tax anticipation note,
Oduvanchick [21]

Answer:

Liability

Explanation:

The city classify the proceeds from the note as a Liability if it were to prepare governmental-type fund financial statements on March 31.

Liabilities:

These are the debts which company has to pay. If company has liabilities it means company has to pay to some other entity/supplier or someone for its debts. It includes loans,account payable and many other accounts in financial statement.

In our case company has borrowed $800,000 in January and will repay in May after taxes are collected. If city has to prepare the financial statement before May then this $800,000 will be the liability in the statement.

4 0
4 years ago
Riverside Motors is expected to pay an annual dividend next year of $3.10 a share. Dividends are expected to increase by 1.85 pe
Vilka [71]

Answer: $23.57

Explanation:

We are going to use growth dividend discount model to solve the question where Do = Div/r - g

where Po = stock price

Div = Estimated dividend for following period

r = required rae of return

g = growth rate

Po = 3.10/0.15 - 0.0185

= $23.57

7 0
3 years ago
Which type of career involves conducting autopsies on a daily basis and what degree (highest degree) is required to get that job
Ratling [72]
The answers to the question above are a Forensic Pathologist and a Coroner, and the highest degree to achieve those career is a Ph.D. A forensic pathologist works to determine the cause of someone's death. A coroner works to certify and to confirm someone's death under a jurisdiction. Both perform the autopsy in their job description.
3 0
3 years ago
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