Business, 02.11.2019 03:31 jnelso5437

It is the year 2060, and you are talking (or perhaps telepathically communicating) with your grandchildren. "grandparental unit" they say, "is it true that when you were in college, a gallon of gasoline cost $2.00? " "grandchildren" you reply, "you know it is true, because by this point you have already directly downloaded the complete history of gasoline prices for the past 100 years into your cyberbrain. still, you should not be fooled by this price, because it is nominal, not real." "say what? gasoline today costs $15 per gallon. that is clearly very expensive compared to gasoline when you were in college. your cyberbrain is clearly an old, inferior model." you angrily reply "turn your sassback unit down by 20%, grandchildren. your parental units would not be happy to hear you talk to me that way. besides, you must keep in mind that the consumer price index was 240 when i was in college. now it is 2400. this means that if i were to convert the 2016 price of $2.00 into year 2060 dollars, it would " what will you tell your grandchildren? you have the following facts: cpi in 2016 was 240. cpi in 2060 is 2400. the price of gasoline in 2016 is $2.00 per gallon. the price of gasoline in 2060 is $15 per gallon. how many dollars would you need in 2060 to buy what $2.00 would buy in 2016?

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 19:30

What preforms the best over the long term? a) bonds b) mutual funds c) stocks d) certificate of deposit

Answers: 2

Answer

Business, 22.06.2019 00:00

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the divisionâ€™s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chanceâ€™s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

Answers: 2

Answer

Business, 22.06.2019 11:50

The basic difference between macroeconomics and microeconomics is that: a. microeconomics looks at the forest (aggregate markets) while macroeconomics looks at the trees (individual markets). b. macroeconomics is concerned with groups of individuals while microeconomics is concerned with single countries. c. microeconomics is concerned with the trees (individual markets) while macroeconomics is concerned with the forest (aggregate markets). d. macroeconomics is concerned with generalization while microeconomics is concerned with specialization.

Answers: 3

Answer

Business, 22.06.2019 20:10

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)

Answers: 1

Answer

You know the right answer?

It is the year 2060, and you are talking (or perhaps telepathically communicating) with your grandch...

Questions