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
Johnson Company has current year accounts payable of $25,000 and cost of goods sold of $100,000. Compute Johnson Company’s days’
natita [175]

Answer:

the days payable outstanding is 91.25 days

Explanation:

The computation of the days payable outstanding is  shown below:

Days' payable outstanding is

= (Accounts Payable ÷  Cost of goods sold) × total number of days in a year

= ($25,000 ÷ $100,00) × 365 days

= 91.25 days

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Hence, the days payable outstanding is 91.25 days

7 0
2 years ago
The foreign exchange market:
zheka24 [161]

Hello! Your answer would be C. Facilitated the buying and selling of foreign currencies. I just learned about it.

4 0
3 years ago
Read 2 more answers
Grainger Company is a major automotive parts manufacturer operating in six countries. It has no restrictions on stock sales and
alisha [4.7K]

Answer:

The correct word for the blank space is: public.

Explanation:

A public corporation has sold stock through an<em> Initial Public Offering </em>(IPO) to the public and that stock is currently traded on a <em>public stock exchange</em> or the <em>Over-The-Counter</em> (OTC) market. The ability to sell public shares is very important to these businesses as it provides them with a source of capital for investment.

5 0
3 years ago
Todd’s parents are going to visit him, and he wants to take them out for dinner to an upscale restaurant. He is not sure about w
Marizza181 [45]

Answer:

d. Expertise

Explanation:

Based on the information provided within the question it can be said that the characteristic that Todd most likely considered was his boss' expertise. This term refers to the expert skill or knowledge that an individual may have in a specific field or area. Since Todd's boss often patronizes upscale restaurants Todd believes that he has a lot more knowledge than most on that topic.

3 0
3 years ago
Bogart Company is considering two alternatives. Alternative A will have revenues of $160,000 and costs of $100,000. Alternative
ioda

Answer and Explanation:

The computation of the increase or decrease in the net income when Alternative B should be selected rather Alternative A is given below:

<u>Particulars                Alternative A            Alternative B</u>

Revenue                   $160,000                 $180,000

Less cost                 -$100,000                 $125,000

Net income                 $60,000                $55,000

If we choose alternative B so there would be decrease in the net income by $5,000

8 0
3 years ago
Other questions:
  • Jones company lends Alabater Inc. $85,000 on August 6, 2018. This loan was memorialized with a signed note receivable with a rep
    8·1 answer
  • The other day, you had to remember some items for an important exam. you are sure you studied them and knew them before you ente
    8·1 answer
  • 1) ________ refers to the means by which firms attempt to inform, persuade, and remind consumers—directly or indirectly—about th
    9·1 answer
  • Pluralistic ignorance efffect. How to apply in business administration? Give example
    15·1 answer
  • ​elena is a regular customer at cuppo' coffee. she is the first customer to enter the coffee shop every morning and spends $10 f
    9·1 answer
  • Which of the following government actions would increase the supply of cars in the United States?a. the establishment of an exci
    10·1 answer
  • Clothing retailer Lululemon often has displays in their front window that try to raise awareness on specific issues such as the
    14·1 answer
  • By means of the internet search for an employment test that may be used in companies for selection purposes give the name of at
    14·1 answer
  • Can yall answer this fast ,if yall do will give yall the brainliest
    8·1 answer
  • A monopolistically competitive firm is one:
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!