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Gwar [14]
3 years ago
6

PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!

Business
1 answer:
nataly862011 [7]3 years ago
3 0

Answer:

D

Explanation:

So, lets go over what inflation and purchasing power mean.

Inflation is the increase in money of something.

Purchasing power is a persons ability of pruchasing something.

Now, heres an example. A 300 dollar apple phone was quickly being purchased, and apple infalted the price to 600 dollars. Since people can only afford to purchase so much, some might not be able to afford this. This means not as many people can purchase it.

Since the price was raised, this measn the inflaction was increased.

Since the amount of people that could afford the apple phone shrunk, the purchasing power decreased.

So basically, to summarize this:

As the infaltion of an item is increased, the purchasing power is decreased, for less people can afford the higher price.

Answer:

<u>D - As the rate of inflation increases, purchasing power decreases.</u>

Hope this helps!

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Note: See the attached excel file for the calculations of Rental Returns (x), Car Wash Costs (y), xy, and x^2.

Since Σ = Total of or summation of, we can therefore obtain the following from the attached excel file:

Σx = 34,854

Σy = 157,317

Σxy = 462,541,971

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a. calculation of variable cost per rental return

To calculate the variable cost per rental return, the following formula is used:

Variable cost per rental return = (NΣxy − ΣxΣy) /((NΣx²) − (Σx)²) ……………… (1)

Substituting the relevant values into equation (1), we have:

Variable cost per rental return = ((12 * 462,541,971) - (34,854 * 157,317)) / (((12 * 102,623,516) - 34,854^2)

Variable cost per rental return = 4.03917240317595

Rounding to 2 decimal places as required, we have:

Variable cost per rental return = $4.04

Therefore, the variable cost per rental return is $4.04.

b. Calculation of monthly fixed cost Incurred to wash cars

To calculate the monthly fixed cost Incurred to wash cars, the following formula is used:

Fixed Cost per month =  {Σy - (Variable cost per rental return * Σx) / N ....... (2)

Substituting the relevant values into equation (2), we have:

Fixed Cost per month = (157,317 - (4.04 * 34,854)) / 12

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Rounding to the nearest whole dollar amount as required, we have:

Fixed Cost per month = $1,376

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Shmenson Company uses the periodic inventory system. Sales for 2020 were $470,000 while operating expenses were $175,000. Beginn
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Answer:

The net income  for 2020 was $90,000

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Less Cost of Sales

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Net Income                                                                    $90,000

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