Imagine you buy five burgers, two books, and a pair of jeans each period. In period 1,
burgers are $5, books are $12, and jeans are $30. In period 2, burgers are $6, books are
$14, and jeans are $28. What is the CPI based on your consumption?

Answers

Answer 1

Answer:

To find the answer, we use the Consumer Price Index (CPI) formula:

CPI = ( Cost of Market Basket in a Given Year / Cost of Market Basket in Base Year ) * 100

In this case, we will assume that the base year is period 1, and the given year is obviously period two.

Now, we simply plug the amounts into the formula:

CPI = ( 6 + 14 + 28 / 5 + 12 + 30 ) * 100

CPI = ( 48 / 47 ) * 100

CPI = 102.13

In other words, the inflation rate for this CPI was 2.13%


Related Questions


Lily wants to build a business. She has very little capital. She does, however, have a partner with which she could run a business. Lily wants to be able to avoid being held personally liable for any problems the business has. Which of the following would lead Lily to choose a sole proprietorship organization for her business?

A. Little Capital
B. Avoidance of personal liability
C. Possession of a partner
D. None of the above

Answers

It’s A.little capital

As an advertising manager of a company, you have been asked to write a proposal stating why the company should advertise and it's benefits to the company

Answers

Answer: Advertising helps expand the market of the company to have more people to know about the product

Explanation:

Proposal for advertising; My firm, xyz cooperation would love to handle the publicizing aspect of your product while you go ahead your business. We have been into these business for about 20years, so we understand the challenges that comes with the business and how they are tackled. We are creative and emerging with our services, as we offer them with reasonable and affordable prices, do read through our profile as we look forward working with you

Benefits;

1) We expand your market when we advertise for you

2) We brand your firm with a new look and make consumers get attracted

3) We offer a discount of 15% for new firms and subsequently 5% for consistent customers.

Has two products. financial data for both the products​ follow: le cadre la bougie units sold ​2,200 units 600 units sales price per unit ​$500 ​$1,200 variable manufacturing cost per unit 320 750 sales commission​ (% of​ sales) ​7% ​4% verge has two sales representativeslong dash rosemary wilson and maria blanco. each representative sold a total of​ 1,400 units during the month of march. rosemary had a sales mix of​ 60% le cadre and​ 40% la bougie. maria had a sales mix of​ 80% le cadre and​ 20% la bougie. based on the above​ information, calculate​ rosemary's total contribution to company profits.

Answers

Answer:$346,920

Explanation:

                            Le Cadre          La Bougie

Units sold               2200                  600

Unit price                  500                 1200

Sale revenue        1,100,000          720,000

variable cost           320                    750

sales Commission     7%                     4%

Rosemary sales       840                     560

Maria                         1120                    280

Rosemary sales =(840*500) + (560*1200)

                        420,000 +672,000=                         1,092,000

Cost of goods sold =(320*840) + (750*560)

                                 268,800+420,000                     (688,800)

Sales commission (7%*420000)+(4%*672,000)

                                 29,400+26,888                             (56,280)

   Profit                                                                          346,920

Board of directors of 'Fairdeal limited' has formulated a policy for human resources development. According to this policy, certain standards will have to be taken in consideration prior to the appointment of persons in the company. Some of the main standards are: existin employees of the company should be motivated,selection should be riskless and should not need any induction. Identify the source of employment adopted by Fairdeal Ltd.

Answers

Answer:

Internal employment source

Explanation:

When a company chooses from among its existing employees to fill up open job position it sourcing internally, however if it recruits from outside the organisation it is an external employment source.

Therefore, the policy decision of the Board of directors of 'Fairdeal limited' adopted the internal employment sourcing.

Construction of new homes decreases. This will cause the demand curve to shift ___________ for complimentary goods used to build the homes such as timber.

Answers

Answer:

to the left

Explanation:

When the construction of new homes decreases, the demand curve for complimentary goods used to build homes shift to the left as a result of a decrease in their demands.

The demand curve is a graph that shows the demand for a product in relation to the price of the product at a specific point in time. When the demand for a product increases, the curve shifts to the right, and when it decreases, the curve shifts to the left.

Complementary goods are goods that are required in conjunction with other goods or services. For example, timbers are required for buildings, hence, they timbers serve as complementary goods to buildings.

When the construction of new homes decreases, it means there will be less demands for timbers and as such, the demand curve will shift to the left.

Taxes are often ovved on?
initial investments,
the current value of investments.
the real value of investments,
investment returns.

Answers

Answer:

Investment returns

Explanation:

Tax is a compulsory levy imposed by the government on an individual, firms etc for the provision of infrastructure.

Generally speaking, taxes are paid as soon as money is earned. While some taxes are due for payment when investments are sold at a profit, others like dividend , mutual funds are due when distribution is paid on the investment.

The ratio of gain or losses on an investment is referred to as investment returns. The returns could be higher which means profit hence must be taxed. It could also be the other way round,i.e lower returns . In such situation, loss is incurred on the investment and it is not taxed same way as having profit on the investment.

D. investment returns.

can someone please answer these

Answers

Answer: They will be losing money because there company borrowed 25,000$ and lost about 7-8%

Explanation:

For 2019, Gourmet Kitchen Products reported $22.5 million of sales and $17 million of operating costs (including depreciation). The company has $15 million of total invested capital. Its after-tax cost of capital is 10% and its federal-plus-state income tax rate was 25%. What was the firm's economic value added (EVA), that is, how much value did management add to stockholders' wealth during 2019? Write out your answer completely. For example, 25 million should be entered as 25,000,000. Round your answer to the nearest dollar, if necessary.

Answers

Answer: $2,625,000

Explanation:

From the question, we are told that

Gourmet Kitchen Products reported $22.5 million of sales and $17 million of operating costs which included depreciation and that the company has $15 million of total invested capital. We were also given the after-tax cost of capital as 10% and the federal-plus-state income tax rate as 25%.

The economic value added will be the difference between the net operating profit after taxes and the invested capital which will then be multiplied by the cost of capital. This can be written as:

= ($22,500,000 - $17,000,000) × (1 - 25%) - ($15,000,000 × 10%]

= ($5,500,000 × 0.75) - ($1,500,000)

= $4,125,000 - $1,500,000

= $2,625,000

The firm's firm's economic value added (EVA) will be $2,625,000

What are three critical questions that entrepreneurs need to ask themselves while starting a business? Which location would be the most advantageous for my business? What business structure would best suit my business? Which recruitment agency should I use for hiring workers? How many paid leaves can I give my employees in a year? What is the total cost of ownership of my capital purchases?

Answers

Answer:

1.) Which location would be the most advantageous for my business.

2.) What business structure would best suit my business?

3.) What is the total cost of ownership of my capital purchases

Explanation:

Location: Siting a business location is widely regarded as one of the most critical decision one has to make when starting a business. A locaction which is accessible and also harbors the business choice of consumer.

2.) Business Structure : Careful planning, perusal and adoption of a model for one's business is a very essential decision to be at the beginning of a startup. Entrepreneurs may need to decide if embarking on a business alone or partnering with an already existing company or partner will reap the most benefit.

3.) Cost of ownership of capital purchase:

Capital purchases are very essential in starting a business. It incorporates building, facilities and essential equipment needed to run the business. Estimating the cost is very important while preparing for begin a start-up.

The three critical questions that entrepreneurs need to ask themselves while starting a business is as follows:

1.) Which location would be the most advantageous for my business.

2.) What business structure would best suit my business?

3.) What is the total cost of ownership of my capital purchases

The explanation is as follows:

Location: Siting a business location is widely regarded as one of the most critical decision one has to make when starting a business. Business Structure : Careful planning of a model for one's business is a very essential decision to be at the beginning of a startup. Cost of ownership of capital purchase: Capital purchases are very essential in starting a business. It incorporates building, facilities and essential equipment needed to run the business.

learn more: https://brainly.com/question/2514933?referrer=searchResults

Laura’s husband died in a car accident. When she turns 67, she will receive her husband’s __1___. Her children will also receive the same until they ___2___ .
1. 401k account
social security benefits
certificate of deposit
2. gradute from high school
retire
become employed
this is on plato
i will give brainliest

Answers

Answer:

1. social security benefit

2.retire

WILL MARK BRAINLIEST
Does my signature have to be my name? Example, Instead of using my first and last name, i use 'lettuce'.

Please put how or where u got ur information.

(this is for a class discussion)

Answers

Yes you use your first name and that will be your whole answer for lettuce

We are interest rate compounded annually beginning balance 1000 annual interest rate 8% what will your ending balance be after one year

Answers

Answer:

1080

Explanation:

Compound interest involves the reinvesting of interest.

The formula for compound interest is given by:

[tex]A=P(1+\frac{r}{n} )^{nt}[/tex]

Where P is the principal (i.e the beginning balance),

r is the rate,

n is the number of times it is compounded,

t is the number of years

A is the ending balance.

Given that P = 1000, r = 8% = 0.08, t =1 years and it is compounded annually (i.e n = 1).

Substituting values into the formula and calculating gives:

[tex]A=P(1+\frac{r}{n} )^{nt}\\A=1000(1+\frac{0.08}{1} )^{1*1}\\A= 1000(1+0.08)=1000(1.08)\\A=1080[/tex]

Other Questions
5.Lana pays a semiannual premium of $300 for automobile insurance, a monthly premium of $100 for health insurance, and an annual premium of $700 for life insurance. Find her monthly expense. 2 PointsA card game is being played and the 5 of spades, 9 of spades, and 9 of heartsare drawn from a single deck. In order to win, the next card the player drawsfrom the deck must be higher than the highest card already drawn. What isthe probability that the next card the player draws is a winning card? (An aceis considered to have a value of 1 and jacks, queens, and kings have a valueof 10.) Hint: A deck has 52 cards, 4 suits, and each suit has A, 2,3,4,5,6,7,8,9,10,J,Q,K,A. 25%B. 24%C. 32.6%D. 8% Please Help!!! DUE NOW! Which of the following best describes the subject matter of the Realism period? a. unvarnished truth b. the working class c. subjects that were previously not considered worthy of portrayal in art d. all of the above Please select the best answer from the choices provided A B C D A hornet circles around a pop can at increasing speed while flying in a path with a 12-cm diameter. We can conclude that the hornet's wings must push on the air with force components that are Group of answer choices down and backwards. down, backwards, and outwards. down and inwards. down and outwards. straight down. World religions:Traditional Chinese funerals take placeQuestion 2 options:A) at a mortuary business.B) in a temple.C) all of these choices.D) in the home and the cemetery. Rosalia went on a long bike ride. The table shows how long she biked and the distance shetraveled. Determine whether the relationship between hours biked and miles traveled isproportional.-91O The relationship is not proportional.O The relationship is proportional. Help! Best Answer = brainiest! The decay of a radioactive material is monitored using a Geiger counter. At the start, the count rate is 2000 decays/minute. Four hours later the decay rate is 500 counts/min. What is the half-life of the material? 11. List and describe three factors that may affect body temperature. who can solve ? 9y < -3 Triangle A C D is shown. Point B is near the center of the triangle. Angle A C D is bisected by line segment C B. Lines are drawn from point B to points A and D to form 3 triangles within the larger triangle. Angle C B D is 125 degrees. The length of line segment A C is 52 centimeters and the length of line segment B D is 29 centimeters. If Line segment C B. bisects ACD, what additional information could be used to prove ABC DBC using SAS? Select three options. mABC = 125 and AB DB ACD is isosceles with base AD ABD is isosceles with base AD CD = 52 cm AB = 29 cm The center is consideirng signing up for an online game-rental service rather than buying the games. The table shows equipment cost and monthly fees for two services. Equipment cost mouthy cost Net games 99$ 8$ Equipment cost mouthy feeanytime games 19$ 19$1. Write and solve an inequality that represents the number of months the center could rent games from NetGames with its $175. Explain the solution in terms of the problem.2. Write and solve an inequality to represent the number of months the center could rent games from Anytime Games. Explain the solution in terms of the problem.3. Use your answers from 1 and 2 to justify which service the community center should purchase. ASAP Mario was given the following enlargement. Side A corresponds to a side with length 24 centimeters. A side with length 6 centimeters corresponds with a side with length 12 centimeters. Figures not drawn to scale. What is the length of side A, in centimeters? 12 15 24 33 Luis is installing some 12 gage wire. How much resistance will there be throughout a distance of 400 feet This statement provides support for the *A.elimination of laissez-faire capitalismB.formation of government based on a social contractC.continuation of absolute monarchyD.rejection of the natural rights philosophyWhat problem does John Locke identify in this passage? *A.In a state of nature, man is unsafe and insecureB.Lack of liberty in a direct democracyC.Lack of employmentD.Concentration of power by an absolute monarch The volume of this prism rearrange to make x the subject a= 4x/t -p 2. Which of the following is not a trace element inthe human body?a. iodineb. zincc. irond. calcium Which of the following shows how the number 7 can be rewritten with the difference of squares identity? (16-9)=(4+3)(4-3) (18-11)=(9+6)(9-5) (25-4)=(5+2)(5-2) (16-9)=-1(4+3)(4-3) (64-1)=(8+1)(8-1)