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3 years ago

If prices have increased according to the Consumer Price Index (CPI), what has occurred in the economy?

Business

1 answer:

ololo11 [35]3 years ago

8 0

Answer:

The correct answer is that it has occurred that the economy has suffered from inflation.

Explanation:

To begin with, the concept of inflation is known in the economic sciences for refering to the situation where the prices of every good and service in general in the economy have risen up and it is due to the fact that now the acquisition power of the currency has lost value and therefore that every good is now more expensive than before stating that the purchasing power per unit of the money has suffered a reduction. Moreover, a very common intrument to actually measure the inflation is the very well known Consumer Price Index whose major purpose is to accomplish that task.

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The following cost data pertain to the operations of Rademaker Department Stores, Inc., for the month of March. Corporate headqu

TEA [102]

Answer:

The answer is c. $40,700.

Explanation:

The direct costs of the Cosmetics Department are all the costs which are incurred for the operations & revenue generating activities of the Cosmetics Department only; which may be incurred at the Department itself or at other Department(s)/Store(s) which the purposes are for serving the Cosmestic Department.

Thus, these costs include the following cost items:

Cosmetics Department sales commissions--Northridge Store + Cosmetics Department cost of sales--Northridge Store + Cosmetics Department manager's salary = $5,160 + $31,300 + $4,240 = $40,700.

So, the answer is c. $40,700

3 0

4 years ago

If the Potinsky household spends $37 comma 300 annually on all living expenses and long-term debt, calculate the amount recomm

Finger [1]

Answer:

$9,249 for three months, $18,498 for six months.

Explanation:

Experts recommend that an emergency fund should include 3 to 6 months of cash to provide for living expenses.

The Potinsky household spends $37,000 annually, therefore, it spends $3,083 monthly ($37,000 / 12).

For a three-month emergency fund = $3,083 x 3

= $9,249

For a six-month emergency fund = $3,083 x 6

= $18,498

8 0

4 years ago

For many years, Zapro Company manufactured a single product called a mono-relay. Then three years ago. the company automated a p

stellarik [79]

The mono-relay was the only product that Zapro Company produced for a long time. The firm then automated a section of its facility three years ago, and at the same time, it launched a second product called a bi-relay, which has gained popularity.

The bi-relay is a more complicated product that requires substantial machining in the automated part of the plant and one hour of direct labor work per unit to produce. The mono-relay simply needs a few hours of direct labor time and a little bit of machining each unit. At the moment, direct labor hours are used to assign manufacturing overhead costs to products. The business's new bi relay is becoming increasingly popular, but earnings have been rapidly dropping.

Manufacturing indirect cost per direct labor hours = Estimated manufacturing indirect costs / Estimated direct labor hours

Manufacturing indirect cost per direct labor hours = $1,000,000 / [(30,000*0.50)+(10,000*1)]

Manufacturing indirect cost per direct labor hours = $1,000,000 / (15,000+10,000)

Manufacturing indirect cost per direct labor hours = $1,000,000 / 25,000 = $40 per direct labor hour

Manufacturing indirect costs allocated to Mono-Relay = 15,000 * $40 = $600,000

Manufacturing indirect costs allocated to Bi-Relay = 10,000 * $40 = $400,000

Mono-Relay Bi-Relay

Sales $1,650,000 (30,000*$55) $1,000,000 (10,000*$100)

Less: Costs:

Direct materials 1,050,000 (30,000*$35) 480,000 (10,000*$48)

Direct labor 180,000 (30,000*$6) 120,000 (10,000*$12)

Manufacturing indirect costs 600,000 400,000

Total costs 1,830,000 1,000,000

Profit (loss) ($180,000) $0

Learn more about Manufacturing cost brainly.com/question/17111259

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4 0

2 years ago

If i have a website that sells running shoes, i should map the keyword phrase "asics gel kayano 20" to

Tanzania [10]

The answer to this question is A product page

7 0

4 years ago

Journalize Closing Entries Using the information from the Adjusted Trial Balance, journalize the closing entries for the end of

guajiro [1.7K]

Answer:

Smart Touch Learning

Closing Journal Entries:

Debit Service Revenue $50,000

Credit Income Summary $50,000

To close service revenue to income summary.

Debit Income Summary $12,400

Credit Depreciation Expense $6,500

Credit Interest Expense $300

Credit Rent Expense $4,600

Credit Salaries Expense $1,000

To close expenses to the income summary.

Debit Income Summary $37,600

Credit Retained Earnings $37,600

To close income summary to retained earnings.

Debit Retained Earnings $37,600

Credit Dividends $33,700

To close dividends to retained earnings.

Explanation:

a) Data and Analysis:

SMART TOUCH LEARNING

Adjusted Trial Balance

December 31, 2016

Accounts and Explanation Debit Credit

Account Title Balance Debit Credit

Cash 19,800

Accounts Receivable 10,900

Office Supplies 200

Prepaid Rent 13,200

Furniture 23,100

Accumulated Depreciation 7,900

Accounts Payable 2,600

Salaries Payable 600

Interest Payable 200

Unearned Revenue 5,000

Notes Payable 12,000

Common stock 35,000

Dividends 33,700

Service Revenue 50,000

Depreciation Expense 6,500

Interest Expense 300

Rent Expense 4,600

Salaries Expense 1,000

Total 113,300 113,300

Analysis of Closing Entries:

Service Revenue $50,000 Income Summary $50,000

Income Summary $6,500 Depreciation Expense $6,500

Income Summary $300 Interest Expense $300

Income Summary $4,600 Rent Expense $4,600

Income Summary $1,000 Salaries Expense $1,000

Income Summary $37,600 Retained Earnings $37,600

Retained Earnings $37,600 Dividends $33,700

5 0

3 years ago