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
antiseptic1488 [7]
3 years ago
9

In 1983, one could buy a model radio-controlled airplane for $11.50 each. Those same planes are available today and the price in

creased at exactly the rate of inflation. If the CPI today is 220.5 and in 1983 was 105, what is the price of the airplane today?
Business
1 answer:
wlad13 [49]3 years ago
6 0

Answer:

The price of the airplane today is $24.15

Explanation:

In this question, we proportionate the items

Since, for the 1983 year, the price is given and the CPI for today and in 1983 is also given.  

So, the price of the airplane would be  

= CPI today × (Price in 1983 ÷ CPI in 1983)

= $24.15

We divide the 1983 price with the 1983 CPI and then multiply the CPI to get the price for today.

You might be interested in
Describe strategies that companies can employ to help ensure that employees approach transfers and promotions, particularly when
zepelin [54]

Answer:

The description according to another circumstance is summarized throughout the subsection below.

Explanation:

Younger employee transactions including advancement throughout particular on the change to investment opportunities whenever employers have a comprehensive relocation as well as transition strategy in anything other than a manner however to employee retention.

<u>Almost all of the given opportunities to handle relocations or transitions:</u>

  • Modification of incentives as well as payouts.
  • Additional help in the sale or purchase of the property.
  • Starting to move your spending.

Share information sufficiently about everything from the intent of displacement so it appears to either the individual whereby he or she is of importance to either the mission.

4 0
3 years ago
Your firm is a U.K.-based importer of bicycles. You have placed an order with an italian firm for €1,000,000 worth of bicycles.
dolphi86 [110]

Answer:

A. €1,244,212.10

Explanation:

Contract Size Country U.S. $ equiv. Currency per U.S. $

£ 10,000 Britain (pound) $ 1.9600 £ 0.5102 interest APR

12 months forward $ 2.0000 £ 0.5000 rates

€ 10,000 Euro $ 1.5600 € 0.6410 i$ = 1 %

12 months forward $ 1.6000 € 0.6250 i€ = 2 %

SFr. 10,000 Swiss franc $ 0.9200 SFr. 1.0870 i£ = 3 %

12 months forward $ 1.0000 SFr. 1.0000 iSFr. = 4 %

4 0
3 years ago
In July 1, 2018, a two-year insurance premium on equipment in the amount of $672 was paid and debited in full to Prepaid Insuran
Helen [10]

Answer:

Income tax expense is $8,250. It is recorded by debiting Income tax expense by $8,250 and crediting Income tax payable by $8,250.

Explanation:

The income tax rate is 25%. Income tax is calculated on the taxable income after all other adjustments have been made.

Note that the question gives an income figure of $33,000. This is stated as the <em>income after the preceding adjustments but before income taxes.</em> Hence, this is the amount on which we calculate the income tax expense as follows.

Income tax expense = Taxable income x Income tax rate

                                  = $33,000 x 0.25

                                  = $8,250

The next requirement is to record the income tax expense in the journal. This income tax has not yet been paid by the company. Therefore, an income tax payable liability is created. The journal entry is as follows.

Debit: Income tax expense $8,250

Credit: Income tax payable $8,250

8 0
3 years ago
Ben and Leah are planning their 30-year wedding anniversary and are considering taking a 4-day trip to Alaska. How much will the
EastWind [94]

Answer:

D) $2,622

Explanation:

Daily costs

= ($8/meal x 3 meals/day x 2 people) + $45 + $190 + $25) = $308 daily costs

Total costs

= ($400 x 2) + 90 + 500 + (308 x 4 days)

Hence:

Total costs = 800 + 90 + 500 + 1,232

= $2,622

4 0
3 years ago
Read 2 more answers
A preferred stock from Hecla Mining Co. (HLPRB) pays $3.10 in annual dividends. If the required rate of return on the preferred
Varvara68 [4.7K]

Answer:

$41.89

Explanation:

The computation of the fair value of the stock is shown  below:

Fair Value of the stock = (Annual dividends) ÷ (Required rate of return - growth rate)

                                      = $3.10 ÷ 7.4%

                                      = $41.89

In order to compute the fair present value of the stock, we simply divided the annual dividend by the required rate of return so that the approximate value could come.

3 0
3 years ago
Read 2 more answers
Other questions:
  • Primo Corporation acquired 60 percent of Secondo Corporation’s voting common stock. On the date of acquisition, Primo had equipm
    12·1 answer
  • NAME ONE ORGANIZATION THAT CAN HELP A NEW ENTREPRENEUR WITH FUNDING AND SKILL DEVELOPMENT SOUTH AFRICA
    15·1 answer
  • Prior to the deal, three soft drink companies sold beverages on campus; now no other soft drink company is allowed to sell its p
    6·1 answer
  • Below is the listing of a bond issued by international business machines corporation (ibm). below the detail of the bond is the
    10·1 answer
  • Eleanor paid an annual premium of $2,000 in total coverage for her homeowner's insurance, including $250,000 in damage coverage
    15·1 answer
  • The money paid to stockholders from the corporation's profit is known as
    15·1 answer
  • If you are interested in pursuing a B.S.E. (Bachelor of Science in Engineering) degree, please write a 300-500 word essay descri
    9·1 answer
  • A. she was born on august? 4, 1950, and lived at 37 gesner street until she was sixteen.
    11·1 answer
  • McGuire Company acquired 100 percent of the voting common shares of Able Corporation by issuing bonds with a par value and fair
    15·1 answer
  • Which of the following would have a low likelihood of being organized as a profit center? A maintenance department that charges
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!