An event that could influence the change in supply and demand is a

Accounts receivable are shown as in the AR customer file.

Pani-rosa [81]

What’s the question because you are not asking a question

7 0

2 years ago

The Bureau of Labor Statistics has found that the base-year expenditures of the typical consumer break down as follows:

Shkiper50 [21]

Answer:

The CPI for the current year is 104.49

Explanation:

A) Expenditure breakdown of the base year:

You must check that they add 100%

Food and beverages: 17.8%

Housing: 42.8%

Apparel and upkeep: 6.3%

Transportation: 17.2%

Medical care: 5.7%

Entertainment: 4.4%

Other goods, and services: 5.8%

Total 100.0%

Total: 17.8 + 42.8 + 6.3 + 17.2 + 5.7 + 4.4 + 5.8 = 100

Thus, the CPI of the base year is 100.

B. Expenditure breakdown of the current year.

Calculate the changes by adding the percent of increase to each item tha has changed.

1. The prices of food and beverages have increased by 10 percent:

17.8% × 1.10 = 19.58%

2. The price of housing has increased by 5 percent:

42.8% × 1.05 = 44.94%

3. The price of medical care has increased by 10 percent:

5.7% × 1.10 = 6.27%

The other prices are unchanged.

Then, the new breakdown is:

Food and beverages: 19.58%

Housing: 44.94%

Apparel and upkeep: 6.3%

Transportation: 17.2%

Medical care: 6.27%

Entertainment: 4.4%

Other goods, and services: 5.8%

Total 104.49%

Of course the new total is not 100%.

19.58 + 44.94 + 6.3 + 17.2 + 6.27 + 4.4 + 5.8 = 104.49

That means that the price of the total basket of products has increased from 100 to 104.49.

Thus, the CPI of the current year is 104.49 ← answer

8 0

3 years ago

The following schedule shows the technology of production at Mahalo Macadamia Nut Farm for 2015: Workers Total Pounds of Macada

faltersainse [42]

Answer:

MRPL= $200 = wage rate when there are 5 workers

and MRPL = $1,200 = wage rate when there are 2 workers.

Explanation:

The computation of unionized is shown below:-

Marginal revenue product of labor = Marginal product × Price per unit

Workers Total Production Marginal Product MRPL

(per day)

a b b × $8

0 0

1 200 200 $1,600

2 350 150 $1,200

(350 - 200)

3 450 100 $800

(450 - 350)

4 500 50 $40

(500 - 450)

5 525 25 $200

(525 - 500)

6 510 -15 -$120

(510 - 525)

From the above table MRPL = $200 = wage rate when there are 5 workers

and MRPL = $1,200 = wage rate when there are 2 workers.

4 0

3 years ago

Under the double-entry system of accounting, a debit is always a negative entry.

mrs_skeptik [129]

It is a false statement that a debit is always a negative entry under the double-entry system of accounting,

<h3>What is the double-entry system?</h3>

In accounting, this refers to the system for recording transactions based on recording increases and decreases in accounts so that debits equal credits.

Hence, the double-entry system requires that each transaction must be recorded in at least two different accounts.