Business, 18.11.2019 20:31 shadowsnake

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing one cup of coffee, one donut, and one newspaper. in year one, the basket costs $10.00.

in year two, the price of the same basket is $9.00. from year one to year two, there is 1) (a) inflation (b) deflation at an annual rate of 2) (a)-10.00% (b) -1.11% (c) 1.00% (d) 11.11% .

in year one, $80.00 will buy 3) (a) .11 (b) .13 (c) 4.44 (d) 8 (e) 8.89 baskets, and in year two, $80.00 will buy 4) (a) .11 (b) .13 (c) 4.44 (d) 8 (e) 8.89 baskets.

this example illustrates that, as the price level falls, the value of money 5) (a) rises (b) falls (c) remains the same .

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 22:00

Exercise 2-12 cost behavior; high-low method [lo2-3, lo2-4] speedy parcel service operates a fleet of delivery trucks in a large metropolitan area. a careful study by the company’s cost analyst has determined that if a truck is driven 120,000 miles during a year, the average operating cost is 11.6 cents per mile. if a truck is driven only 80,000 miles during a year, the average operating cost increases to 13.6 cents per mile. required: 1.& 2. using the high-low method, estimate the variable and fixed cost elements of the annual cost of truck operation. (round the "variable cost per mile" to 3 decimal places.)

Answers: 3

Answer

Business, 22.06.2019 22:50

For 2016, gourmet kitchen products reported $22 million of sales and $19 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 36%. what was the firm’s economic value added (eva), that is, how much value did management add to stockholders’ wealth during 2016?

Answers: 1

Answer

Business, 23.06.2019 00:00

Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?

Answers: 3

Answer

Business, 23.06.2019 02:20

Which one of the following is not a typical current liability? a. interest payable b. current maturities of long-term debt c. salaries payable d. mortgages payable

Answers: 3

Answer

You know the right answer?

Suppose the price level reflects the number of dollars needed to buy a basket of goods containing on...

Questions