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
tatuchka [14]
3 years ago
12

A building was constructed in August 1999 for $2,340,000. The cost index at that time was 192.3. The current cost index is 302.1

. What is the indicated cost new of the building today
Business
1 answer:
Mekhanik [1.2K]3 years ago
4 0

Answer:

$3,676,100

Explanation:

in base year dollars, the building costed $2,340,000 / 1.923 = $1,216,849

if today's cost index is 3.021, then it should cost $1,216,849 x 3.021 = $3,676,100 to build the same building.

The cost index is used to adjust inflation, since costs tend to increase a little every year, you need some type of index to compare costs over different periods of time.

You might be interested in
Industries sales budget shows quarterly sales for the next year as​ follows: Quarter 1dash17 comma 000​; Quarter 2dash15 comma 0
Angelina_Jolie [31]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Quarter 1: 17,000​;

Quarter 2: 15,000​;

Quarter 3: 19,000​;

Quarter 4: 21,000.

Company policy is to have a target​ finished-goods inventory at the end of each quarter equal to 25 % of the next​ quarter's sales.

2nd Q production:

Sales= 15,000

Ending inventory= 0.25*19,000= 4,750

Beginning inventory= (15,000*0.25)= (3,750)

Total= 16,000 units

8 0
3 years ago
Smiling Elephant, Inc., has an issue of preferred stock outstanding that pays a $6.40 dividend every year, in perpetuity. If thi
Alina [70]

Answer:

7.92%

Explanation:

7 0
3 years ago
An investment should be undertaken A) if the present value of the expected income stream associated with the investment is great
Alona [7]

Answer:

A) if the present value of the expected income stream associated with the investment is greater than the full cost of the investment project.

Explanation:

It is when the present value of the expected income stream associated with the investment is greater than the full cost of the investment project that the project is profitable. Most investments are undertaken with the aim of making profits.

The net present value can be used to determine if the present value of the expected income stream associated with the investment would be greater than the full cost of the investment project.

3 0
3 years ago
The lower of cost or market basis of valuing inventories is an example of
Mkey [24]

Answer:

C. conservatism

Explanation:

The lower of cost or market basis of valuing inventories is an example of conservatism. This term refers to trying to anticipate possible future losses, instead of gains and making certain decisions in order to limit those losses. Which some decisions may include lowering costs and/or prices in order to sell more and cover those potential losses.

4 0
3 years ago
When an electronics company sells its global positioning systems to a car manufacturer, it is engaged in ________ marketing.
viktelen [127]

Answer:

It is called a Business to Business or B2B Marketing

Explanation:

B2B or Business to Business Marketing simply occurs when a business organisation decides to going into transaction with an other business organisation. The two businesses can be within the same locality or not. A criteria is that a B2B marketing involves a commercial transactions which would be to the benefit of both parties.

The <u>opposite of B2B is B2C (Business to Consumer) marketing, this is the commonly known type of marketing where a consumer/individual</u> patronizes the products of a manufacturer or business organisation.

B2B will usually occur when a company needs certain products or materials to complete its own finished goods and this can be purchased from another organisation that has been adjudged to be a producer of same.

It could also occur, when a business is required to take on the services of another business for instance in audit cases.

In the case of the question, the global positioning system is a finished product of the electronics company required by the car manufacturer to complete his own finished product (the car). Hence, the B2B marketing.

5 0
3 years ago
Other questions:
  • A random experiment with three outcomes has been repeated 50 times, and it was learned that E1 occurred 20 times, E2 occurred 13
    10·1 answer
  • Despite the communication difficulty and barriers with companies from different cultures, many organizations are seeking opportu
    13·1 answer
  • How much are ball pythons worth
    6·1 answer
  • Flagg records adjusting entries at its December 31 year-end. At December 31, employees had earned $12,000 of unpaid and unrecord
    11·1 answer
  • Shawn is a regional sales manager of a popular fortnightly magazine. He sets targets for and reviews the performances of the sal
    11·1 answer
  • Magellan is adding a project to the company portfolio and has the following​ information: the expected market return is 11.6​%,
    12·1 answer
  • Compute the total annualized inventory holding and ordering costs when the cost per order (S) is $75, the annual demand (D) is 1
    8·1 answer
  • Secondary data consist of ________. A) data that is unreliable and unsuitable for the purpose of making marketing decisions B) i
    7·1 answer
  • If a monopsonist offers a wage of $6, he finds that 1,200 people are willing to work for him. This means that the:
    5·1 answer
  • Exporting, licensing and joint ventures with a host-country firm are examples of ______ for serving global markets
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!