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2 years ago

Use the following information to work Problems 8 and 9.

Business

1 answer:

IRISSAK [1]2 years ago

8 0

Answer:

Change in CPI = 0.092%

Explanation:

As we know that ,

CPI - Consumer price index

As given,

CPI is fell down by 0.1%

the weight on energy prices in the CPI is 8%

If energy is not changed means energy is constant , then

Change in CPI = 0.1% - (0.1%)(8%)

= 0.001 - (0.001)(0.08)

= 0.001 - (0.00008)

= 0.00092

= 0.092%

⇒Change in CPI = 0.092%

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Selected financial information for Feemster Company for 2012 follows. Sales $ 2,000,000 Cost of goods sold 1,400,000 Merchandise

olganol [36]

Answer:

The merchandise inventory turnover during 2012 is 8 times.

Explanation:

The following information is given:

Sales - $ 2,000,000

Cost of goods sold - $1,400,000

Merchandise inventory Beginning of year - $ 155,000

Merchandise inventory End of year - $ 195,000

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Merchandise Inventory Turnover = COGS ÷ Average inventory

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