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
tigry1 [53]
2 years ago
8

In early 2018, selected automobiles had an average cost of $20,000. The average cost of those same motor vehicles is now $24,000

. What was the rate of increase for this item over this time period
Business
1 answer:
VMariaS [17]2 years ago
5 0

Answer:

20%

Explanation:

Calculation for What was the rate of increase for this item over this time period

Using this formula

Rate of increase= (Ending avarage cost − Beginning avarage cost )/ Beginning avarage cost

Let plug in the formula

Rate of increase= ($24,000 − $20,000) / $20,000

Rate of increase= $4,000/$20,000

Rate of increase= 0.2*100

Rate of increase= 20%

Therefore the rate of increase for this item over this time period is 20%

You might be interested in
A producer is someone who _____________. A. Makes a commodity available for sA producer is someone who _____________. A. Makes a
Mekhanik [1.2K]
A producer is someone who m<span>akes a commodity available for sale or exchange.</span>
5 0
2 years ago
In January, Hometown Ice Cream Shoppe reported the following balances in their income statement accounts. Based on this informat
Gekata [30.6K]

Answer:

A) Debit of $1,445

Explanation:

Closing entries refers to the balance statements that are entered at the end of an accounting period in order to transfer the temporary account balances into permanent accounts. Based on the balances listed in the question it can be said that the closing entry to retained earnings will be Debit of $1,445. This refers to money going out of the account and can be calculated by adding all the revenue to the account and subtracting the expenses leaving $ - 1,445 thus being debit.

7 0
3 years ago
Which agency is responsible for approving states' special education plans and releasing idea funds accordingly?
tatiyna
The Office of Special Education and Rehabilitative Services is the agency responsible for approving a state's special education plan and releasing the IDEA funds accordingly.  These offices also help schools understand the services and responsibilities. These services help with those who have a learning disability or need specialized attention/help in school. 
7 0
3 years ago
What do you think is meant by the phrase "both alien and non-alien"?
serious [3.7K]
I believe it meant both alien immigrants and non-alien immigrants? Is this the correct context, immigration? Or, does it mean extra-terrestrial life? I would need to see context to know for sure, but I believe it is referencing immigration. 
4 0
3 years ago
Identify the three uses of money and give an example of each.
Ierofanga [76]
Medium of exchange - you can buy stuff with it store of value - you can save it up and buy stuff with it later measure of value - you can say that your parent's how was worth $200K before the crisi.
3 0
3 years ago
Other questions:
  • A leader with strong position power who is​ relationship-oriented will be most effective when​ leader-member relations are​ ____
    8·1 answer
  • When the market price of a good is above its equilibrium value, and all other determinants are unchanged?
    10·1 answer
  • The Web 2.0 revolution has changed the way businesses communicate with consumers and within their own organizations. Podcasts, w
    13·1 answer
  • In the context of prototyping during the design phase of the systems development life cycle (sdlc), a _____ shows users how a pa
    9·1 answer
  • 1.
    5·2 answers
  • A government budget deficit affects the supply of loanable funds, rather than the demand for loanable funds, because a. in our m
    12·1 answer
  • A ____ consist of the actions a person is expected to perform in a group.
    9·1 answer
  • Freeman Co. acquired another business and paid (among other amounts) $64,800 for its goodwill in 2018. On December 31, 2020, the
    9·1 answer
  • Consider a capacity constrained process producing a high profit margin product. What will the impacts on revenue and profits be
    5·1 answer
  • Multiple Choice Question Tresses, Inc., which has a December 31 year end, lent $1,000 on December 1 to an employee at 6% due in
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!