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3 years ago

The table below pertains to a small agricultural economy where the typical consumer's basket

Business

1 answer:

r-ruslan [8.4K]3 years ago

7 0

Answer:

125

Explanation:

Given the table:

Year

Price of Apples

Price of Oranges

2017

$2.0 per pound (Apples)

$2.00 per pound (Oranges)

2018

$1.5 per pound (Apples)

$3.00 per pound (Oranges

Consumer price index is obtained using the formular :

CPI = (Cost of market basket In current period / Cost of market basket in base period) * 100

Current period (2018):

Cost of 10 pounds of apple and 20 pounds of oranges :

($1.5 * 10) + ($3 * 20) = $15 + $60 = $75

Base year (2017)

Cost of 10 pounds of apple and 20 pounds of oranges :

($2 * 10) + ($2 * 20) = $20 + $40 = $60

Hence,

CPI = ($75 / $60) * 100

CPI = 1.25 * 100

CPI = 125

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is a retail chain specializing in salon-quality hair-care products. During the year, had sales of . The company began the year

dem82 [27]

Answer:

.................................................Big Fuzzy Spider.................................................

.....................................Income Statement for the year.....................................

Sales............................................................................................ $39,150,000

Cost of Goods sold:

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Add: Purchases...................................................$23,350,000

Less: Closing Inventory....................................<u> $4,445,000</u>

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6 0

3 years ago

A progressive tax system is one in which higher-income people pay ____ than lower-income people.

PilotLPTM [1.2K]

More.

The idea is that the more money you earn, the larger percentage you can afford to pay out of that income to support roads, schools, etc.

3 0

3 years ago

Garage Magic, Inc., contracts for the sale of a certain number of garage door openers to Home & Yard Hardware stores. Ian bu

aksik [14]

Answer:

A) Ian's discovery of an injury caused by the opener

Explanation:

The statute of limitations for product liability sets the maximum time that the buyer has to present a legal claim against a manufacturer from the date that an injury happened. In this case, the statute of limitations is set at four years, so that means that Ian has four years after he (or someone else) suffered an injury when they were suing the garage opener.

8 0

3 years ago

Max bought a ticket to the championship baseball game for $170. Someone approaches him outside the stadium and offers him $365 f

Zinaida [17]

Answer:

<h2>The answer in this instance, would be option a. or $365.</h2>

Explanation:

In this case, the original price of the baseball game ticket is $170 as paid by Max to buy the ticket and someone offered $365 to sell his ticket to that person.
Note that Max is basically giving up or sacrificing the opportunity of earning $365 as he decides to attend the game and not sell his ticket.
Therefore,in this case, the opportunity cost of attending the game by personally purchasing the ticket to Max would be $365 as he is foregoing the opportunity to earn additional $365 by refusing to sell his ticket and go to the game instead.

7 0

3 years ago

wariber [46]

Answer: Individual account in the name of Person A with a Third Party Trading Authorization granted to Person B

Explanation:

An account that has two or more signatory is known as a joint account. When this account is opened, both parties or all signatory to the account will have to either be physically present or would provide details about about themselves to be used for opening of the account. The account is then opened and all signatory to the account can access and be informed about every detail about the account as there is no preference of one person over the other.

7 0

4 years ago