Answer:
The price of the 1975 golf ball in 2005 is $0.55
Explanation:
In this question, we are asked to calculate the price of a golf ball in the year 2005 which was bought in the year 1975.
Before we begin to answer, we have been seeing CPI, what could this mean?
The term CPI stands for consumer price index. It refers simply to the change in price of a particular goods or services over a specific period of time.
Now, we mathematically propose a solution to the problem as follows;
We identify the following;
CPI in 1975 = 52.3
CPI in 2005 = 191.3
We now calculate the CPI change between the years. This can be done by dividing the CPI in the year 1975 by the CPI in the year 2005. Mathematically;
CPI change between years = CPI IN 1975/ CPI in 2005
= 52.3/191.3
= 0.273
Now, we proceed to calculate the price of the 1975 ball in 2005.
Mathematically;
A 1975 golf ball’s cost in 2005 = CPI change * price of golf ball in 2005
= 0.273 * 2
= $0.55
Answer:
$266,760
Explanation:
According to the problem, calculation of the given data are as follows,
Purchase value = $3,600,000
Depreciation for 1st year = 33.33%
Depreciation for 2nd year = 44.85%
Depreciation for 3rd year = 14.81%
So, Book value = Purchase value × ( 1 - depreciation of all years)
By putting the value we get,
Book Value = $3,600,000 × ( 1 - 33.33% - 44.45% - 14.81% )
= $266,760
Answer:
Under absorption costing ,net operating income = $63625
Explanation:
<u> Cost per unit:</u>
Variable cost per unit = 675 per unit (a)
Fixed cost per unit = Fixed overhead cost /uits produced = 63000/350
= 180 per unit (b)
Total cost per unit = (a)+(b)= 675+180= 855 per unit
Hayek Bikes
Income statment
( Absorption costing)
$
Sales (225 * 1625) = 365625
less: <u>Cost of goods sold:</u>
(225 * 855) = <u>(192375)</u>
Gross profit 173250
Less: variable selling and administraive expense 14625
Fixed selling and admintrative expense <u>95000 </u>
=(<u>109625</u>)
Net operating income 63625
Answer:
confirmation bias
Explanation:
Confirmation bias is the tendency to search for, interpret, favor, and recall information in a way that confirms or strengthens one's prior personal beliefs or hypotheses. It is a type of cognitive bias.
Answer:
The correct answer is letter "B": limits on interest rates charged by credit card companies.
Explanation:
A Price Ceiling is a maximum amount a seller can charge for a product or service. A regulating authority -usually the local government- enforces price ceilings and they are typically set to protect low-income consumers for being priced-out of markets of essential goods and services.
Apartments provide a common example. Some cities provide price ceilings on what the landlords can charge for rent. A price ceiling in credit card interest rates would all into this category as well.