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2 years ago

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

Business

1 answer:

r-ruslan [8.4K]2 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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ivanzaharov [21]

Answer: False

Explanation:

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3 years ago

Which of the following is an advantage of the interacting group decision-making method? a.Interaction among people can spark new

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Answer:

The correct answer is letter "A": Interaction among people can spark new ideas.

Explanation:

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3 years ago

Joplin Industries Inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable J-Sports logo.

motikmotik

Answer:

a. Joplin Industries Inc.

Absorption Costing Income Statement

For the Month Ended June 30

Sales $81,000,000

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b. Joplin Industries Inc.

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Sales $81,000,000

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Manufacturing Margin $40,500,000

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3 years ago

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Elina [12.6K]

Answer:

Your answer is going to be c.

Explanation:

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3 years ago

Capital markets can be divided into four main categories: private equity, public equity, private debt, and public debt. An examp

scoray [572]

Answer:

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3 years ago