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The annual average CPI for 2016 was 240.5. If the CPI for 2010 was 218.1, then what was the inflation rate for the years 2010-20

aksik [14]

Answer: 9.31%

Explanation:

The Consumer Price Index (CPI) is able to check the price change per year by pricing a fixed basket of goods in different years. It can be used to calculate inflation with the formula;

Inflation rate = (CPI target year - CPI base year / CPI base year) *100

= $\frac{240.5-218.1}{218.1} * 100%$

=9.31%

8 0

2 years ago

Banks work to earn a profit by selling financial services Group of answer choices True or false?

insens350 [35]

Answer:

True

Explanation:

Financial services are the activities rendered by any financial institution such as the banks to their customers. Most of the services are done at a fee that makes the main source of revenue for banks. The revenue is spent to pay the overall expenses of the bank. If the expenses are lower than the revenue, a bank makes profit. If expenses exceed revenue, a bank makes loss which is not mostly the case. Therefore, it is true to say that banks work to earn a profit by selling financial services.

5 0

2 years ago

Garcon Inc. manufactures electronic products, with two operating divisions, Consumer and Commercial. Condensed divisional income

leonid [27]

Answer:

1.Since there is spare capacity in the consumer division, the acceptable transfer prices are variable cost per unit - market price per unit

i.e. $104-$150

The transfer price should be set in between the two. However, $150 is an appropriate price

2. Income will increase as follows:

Consumer Division = (115-104)*2880 = $31,680

Commercial Division = (150-115)*2880 = $100,800

Company = $132,480

3) check the attached file

4.Income will increase as follows:

Consumer Division = (126-104)*2880 = $63,360

Commercial Division = (150-126)*2880 = $69,120

Company = $132,480

Explanation:

check attached files for explanation well detailed.

7 0

2 years ago

Increased interest in cultural diversity can be attributed to all of the following except __________. A. personal travel B. adva

Ksju [112]

Answer:

C. natural selection

Explanation:

The increased interest in the diversity of the culture would be attached to the personal travel, communication advances, international trade but not with the natural selection as the cultural diversity would deals in different culture but the natural selection would not be considered of this part

So the option C is correct

5 0

2 years ago

Read 2 more answers

The total factory overhead for Bardot Marine Company is budgeted for the year at $600,000, divided into four activities:

Gnesinka [82]

Answer:

Bardot Marine Company

a. Activity rates for each activity:

Fabrication = $40.80/dlh

Assembly = $26.25/dlh

Setup = $222.86/dlh

Inspection = $51.92/dlh

b. The activity based factory overhead per unit for each product:

Speed Bass

Boats Boats

Factory Overhead per unit $927.25 $1472.70

Explanation:

a) Data and Calculations:

Activities Budgeted Speed Bass

Overheads Boats Boats Total Activity rates

Fabrication $204,000 2,000 dlh 3,000 dlh 5,000 dlh $40.80/dlh

Assembly $105,000 1,000 dlh 3,000 dlh 4,000 dlh $26.25/dlh

Setup $156,000 300 dlh 400 dlh 700 dlh $222.86/dlh

Inspection $135,000 1,100 dlh 1,500 dlh 2,600 dlh $51.92/dlh

Total costs $600,000

Units budgeted 250 250 500 units

Speed Bass

Boats Boats

Fabrication = $40.80/dlh $81,600 $122,400

Assembly = $26.25/dlh 26,250 78,750

Setup = $222.86/dlh 66,850 89,144

Inspection = $51.92/dlh 57,112 77,880

Total assigned costs $231,812 $368,174

Units budgeted 250 250

Overhead per unit $927.25 $1472.70

5 0

2 years ago