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max2010maxim [7]
3 years ago
10

The table below contains data for the country of batterland, which produces only waffles and pancakes. the base year is 2013 . p

rices and quantities year price of waffles quantity of waffles price of pancakes quantity of pancakes 2010 $2.00 80 $1.00 100 2011 $2.00 100 $2.00 120 2012 $2.00 120 $3.00 150 2013 $4.00 150 $3.00 200 refer to table 23-6. this country's inflation rate from 2010 to 2011 was
Business
1 answer:
ArbitrLikvidat [17]3 years ago
5 0

Firstly, you should calculate the prices of your market basket, which basically means multiply all the goods with their prices and then add them together in their respective years. This would give you $260, $440, $690 and $1200 in the years 2010 to 2013 respectively. (follow along by noting everything down)

We see that the base year is 2013, therefore if we want to calculate the inflation rate from 2010 to 2011, we have to calculate their price indices. We do this by dividing the maket basket of our chosen years by the market basket of the base year, therefore the price index of 2010 is $260/$1200, giving us 21.6. The price index of 2011 would be $440/$1200, giving us 36.6. To calculate the inflation rate, you find the difference between your two price indices and divide it by the former year, which would be 36.6 - 21.6 / 21.6 x 100, giving us the inflation rate of 69.2%.

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Answer:

The correct answer is $23,663

Explanation:

Spreadsheet is attached with the calculus.  

Depreciation expense is the difference between the cost of the asset and the residual value, divided by the useful life of the asset.

Depreciation expense=(original cost-residual cost) /useful life

In this case,  conditions change at third year.  First, we must calculate the depreciation expense with the first situation. The first 2 years , we are going to decrease the asset value  with this depreciation expense.

Situation 1  Depreciation expense 14375

At third year ,  we must recalculate the depreciation expense.  The final value of second years is the  new "original value".

Situation 2

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Residual Value  2600

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Depreciation expense= (97250 - 2600 )/4

Depreciation expense= 23,663

Download xlsx
4 0
3 years ago
Explain why employers are considered buyers of skills and employees sellers of skills in the labour market.
raketka [301]
The employers look for potential employees that they think would be a good fit and have good qualities.
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All of the following statements about decision style are true EXCEPTA) autocratic styles are authority-based.B) decision styles
notka56 [123]

Answer:

B. decision styles are consistent among top managers

Explanation:

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In heuristic style, the strategies help managers to take clear cut decisions in a prompt manner. In such a form, decisions are arrived at quickly.

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Hence it is evident from above points that decision styles are not consistent among top managers.

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The law of increasing opportunity costs is reflected in a production possibilities curve that is: A. an upsloping straight line.
AnnyKZ [126]

The law of increasing opportunity costs is reflected in a production possibilities curve that is concave to the origin.

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Answer:

different time horizon

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