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2 years ago

True or false :Equifax experian and transunion are legally obligated to provide identical information

Business

2 answers:

mina [271]2 years ago

6 0

True; Equifax, Experian, and TransUnion are legally obligated to provide identical information.

LekaFEV [45]2 years ago

5 0

Answer:

false

Explanation:

:Equifax experian and transunion are legally obligated to provide identical information

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Suppose that in 1994 the total output in a single-good economy was 10,000 buckets of chicken. Also suppose that in 1994 each buc

maxonik [38]

Answer:

a. The GDP price index for 1994, using 2015 as the base year is 62.5.

b. Percentage rise the price level between 1994 and 2015 is 60.0%.

c. We have:

Real GDP in 1994 = $160,000

Real GDP in 2015 = $352,000

Explanation:

Note: The requirements of this question is not complete. The complete requirements of the question are presented before answering the question as follows:

a. What is the GDP price index for 1994, using 2015 as the base year

b. By what percentage did the price level, as measured by this index, rise between 1994 and 2015?

c. What were the amounts of real GDP in 1994 and 2015?

Explanation of the answers is now given as follows:

a. What is the GDP price index for 1994, using 2015 as the base year

GDP price index for 1994 = (Price of a bucket of chicken in 1994 / Price of a bucket of chicken in 2015) * 100 = ($10 / $16) * 100 = 62.5

b. By what percentage did the price level, as measured by this index, rise between 1994 and 2015?

Percentage rise the price level between 1994 and 2015 = ((100 - GDP price index for 1994, using 2015 as the base year) / GDP price index for 1994, using 2015 as the base year) * 100 = ((100 - 62.5) / 62.5) * 100 = 60.0%

c. What were the amounts of real GDP in 1994 and 2015?

Since 2015 is being used as the base year, we have:

Real GDP in 1994 = Number of buckets of chicken produced in 1984 * Price per bucket of chicken in 2015 = 10,000 * $16 = $160,000

Real GDP in 2015 = Number of buckets of chicken produced in 2015 * Price per bucket of chicken in 2015 = 22,000 * $16 = $352,000

4 0

3 years ago

Accumulating capitala. requires that society sacrifice consumption goods in the present.b. allows society to consume more in the

Leokris [45]

Answer: A

Explanation: capital accumulation is increasing the capital structure of a society in form of profitable investments. means the gathering of objects of value; the increase in wealth; or the creation of wealth. And this can be enhance by motivating the public to sacrifice some consumer goods for some industrial good or asset.

6 0

3 years ago

Read 2 more answers

At May 1, 2022, Nash's Trading Post, LLC had beginning inventory consisting of 220 units with a unit cost of $5. During May, the

Brums [2.3K]

Answer:

Nash's Trading Post's gross profit for the month of May is $6,105.

Explanation:

To determine the gross profit of Nash's Trading Post, the total cost of inventory sold must be subtracted from the value of sales made, with which said result will indicate the gross profit obtained.

At the beginning of May, the company had an inventory of 220 units with a cost of $ 5, that is, a total cost of $ 1,100 (220 x 5). Then, 440 units are added to $ 5, adding a cost of $ 2,200, and 670 units to $ 6, with which a cost of $ 4,020 is added.

Thus, the total inventory for the month is 1,330 units, at a cost of $ 7,320, which gives an average cost of $ 5.5 per unit (7,320 / 1,330).

Now, having sold 1,110 units at $ 11, the cost of the units sold must be subtracted from the value of sales, calculating them at the average cost of $ 5.5.

So, the value of sales is $ 12,210 (1,110 x 11), while the cost of units sold is $ 6,105 (1,110 x 5.5). Therefore, the gross profit of the company during the month of May is $ 12,210 - 6,105, that is, the gross profit of the company was $ 6,105.

5 0

3 years ago

Angie’s Bake Shop makes birthday chocolate chip cookies that cost $3 each. Angie expects that 12% of the cookies will crack and

mestny [16]

Answer:

Price per cookie $5.5

Explanation:

The cost per cookies inclusive of wastage

$3× 100/(100-12)

=$3.409

Total cost for 150 units

= 150× 43.409

= $511.36

Total sales value for 150 units

= $511.36 + (60% × 511.36)

= $818.1818

Selling price per unit

=$818.18/150 units

= $5.5

4 0

3 years ago

Mary makes monthly deposits of $450 at the end of each month over 25 consecutive years to support her retirement. If the account

Arte-miy333 [17]

Answer:

d. $394,767

Explanation:

For computing the amount of deposit at the end we need to apply the future value formula i.e to be shown in the attachment

Given that,

Present value = $0

Rate of interest = 7.5% ÷ 12 months = 0.625%

NPER = 25 years × 12 months = 300 months

PMT = $450

The formula is shown below:

= -FV(Rate;NPER;PMT;PV;type)

So, after applying the above formula, the future value is $394,767

8 0

3 years ago