Hello, Can you assist with the below? 3. Determining the Average Price Increase. In 1998, selected...
Hello,
Can you assist with the below?
3. Determining the Average Price Increase. In 1998, selected automobiles had an average cost of $12,000. The average cost of those same motor vehicles 10 years later is $16,000. What was the rate of increase for these items between the two time periods?
Homework Answers
Average cost of automobile (1998) = $ 12000 (Original Number)
Average cost of automobile (2008) = $ 16000 (New Number)
Increase = (New number - Original Number)
= $16000-$12000
= $ 4000
Rate of increase = increase/ original number * 100
= $4000/ $12000*100
= 33.33%
*note: time value of money is ignored
Add Answer to:
Hello,
Can you assist with the below?
3. Determining the
Average Price Increase. In 1998, selected...
1. Personal Finance a. In early 2015, selected automobiles had an average cost of $20,000. The...
1. Personal Finance a. In early 2015, selected automobiles had an average cost of $20,000. The average cost of those same motor vehicles is now (today) $24,000. What was the (%) rate of increase for this item between the two time periods? b. Define the four classes of assets
Problem 1-2 (LO1.1) In 2005, selected automobiles had an average cost of $15,500. The average cost...
Problem 1-2 (LO1.1) In 2005, selected automobiles had an average cost of $15,500. The average cost of those same automobiles is now $17,205 What was the rate of increase for these automobiles between the two time periods? (Round your answer to the nearest whole percent.) Rate of increase
Hello, I am requesting assistance for the following question. Can you please provide an explanation for...
Hello,
I am requesting assistance for the following question. Can you
please provide an explanation for the correct answer? Thank
you.
At December 31, 2020, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows: Accumulated Depreciation and Amortization Category Land Buildings Equipment Automobiles and trucks Leasehold improvements Land improvements Plant Asset $ 168,000 1,150,000 775,000 165,000 202,000 321,900 310,500 93,325 101,000 Depreciation methods and useful lives: Buildings—150% declining balance, 25 years. Equipment—Straight line; 10 years....
3. The Consumer Price Index (CPI) represents the average price of goods that households consume. Many...
3. The Consumer Price Index (CPI) represents the average price of goods that households consume. Many thousands of goods are included in such an index. Here consumers are repre- sented as buying only food (pizza) and gas as their basket of goods. Below is a representation of the kind of data the Bureau of Economic Analysis (BEA) collects to construct a consumer price index. In the base year, 2008, both the prices of goods purchased and the quantity of goods...
1l. If a monopolistically competitive firm is incurring losses, then at the profit-max a price is above the average total cost curve. b. price is below the average total cost curve c. price is equal...
1l. If a monopolistically competitive firm is incurring losses, then at the profit-max a price is above the average total cost curve. b. price is below the average total cost curve c. price is equal to marginal revenue. d. price is less than marginal revenue. e. average total cost equals marginal cost. Both competitive and monopolistically competitive firms a. can maximize profit by raising price. b. cannot control or set their own price c. can maximize profit by producing to...
plz solve step by step and clearly show which formula you used Q1 The Consumer Price...
plz
solve step by step and clearly show which formula you used
Q1 The Consumer Price Index is a measure of the average price of goods that a typical household consumes. To calculate the CPI, a basket of 700 goods and services that reflects the U.K. Society's buying habits is used to construct the index. Assume that U.K. Consumers buy only meat and movie tickets as their basket of goods and services. Below is a representation of the kind of...
1. You own a small storefront retail business and are interested in determining the average amount...
1. You own a small storefront retail business and are interested in determining the average amount of money a typical customer spends per visit to your store. You take a random sample over the course of a month for 8 customers and find that the average dollar amount spent per transaction per customer is $106.745 with a standard deviation of $13.7164. Create a 95% confidence interval for the true average spent on all customers per transaction. Question 1 options: 1)...
Items (5 items) (Drag and drop into the appropriate area below) wealth redistribution costs people incur...
Items (5 items) (Drag and drop into the appropriate area below) wealth redistribution costs people incur to avoid holding cash when there is inflation money illusion costs of changing decreased tax collection with inflation Categories Problems with inflation Not a problem < 0209 > O OF 9 QUESTIONS COMPLETED Different categories of expenditures are weighted differently in the consumer price index. Rank these items in from the highest share to the lowest share. Pieces of the CPI Items (6 items)...
Hello, If anyone can help me I will grestly appreciate it! I will also give a...
Hello, If anyone can help me I will grestly appreciate it! I will
also give a thumbs up!
Autotech Manufacturing is engaged in the production of replacement parts for automobiles. One plant specializes in the production of two parts: Part 127 and Part 234. Part 127 produces the highest volume of activity, and for many years it was the only part produced by the plant. Five years ago, Part 234 was added. Part 234 was more difficult to manufacture and...
44. Calculate the issue price of a $1,000,000, 10%, 10-year bond that pays interest semiannually, assuming the market rate is 8%. Use the time value factors below to help you complete your answer...
44. Calculate the issue price of a $1,000,000, 10%, 10-year bond that pays interest semiannually, assuming the market rate is 8%. Use the time value factors below to help you complete your answer (you may have a small rounding error): Periods Rate 4gi S2S 825 10% Present Value of $1 0.67556 0.61391 0.46319 0.38554 0.45639 0.37689 0.21455 0.14864 10 20 8.11090 7.72173 6.71008 6.14457 3.59033 12.46221 9.81815 8.51356 Present Value of Annuity 10 20 a. $1,137,862 b. $1,135,907 c. $1,000,000...
Problem 1-2 (LO1.1) In 2005, selected automobiles had an average cost of $15,500. The average cost of those same automobiles is now $17,205 What was the rate of increase for these automobiles between the two time periods? (Round your answer to the nearest whole percent.) Rate of increase
Hello,
I am requesting assistance for the following question. Can you
please provide an explanation for the correct answer? Thank
you.
At December 31, 2020, Cord Company's plant asset and accumulated depreciation and amortization accounts had balances as follows: Accumulated Depreciation and Amortization Category Land Buildings Equipment Automobiles and trucks Leasehold improvements Land improvements Plant Asset $ 168,000 1,150,000 775,000 165,000 202,000 321,900 310,500 93,325 101,000 Depreciation methods and useful lives: Buildings—150% declining balance, 25 years. Equipment—Straight line; 10 years....
1l. If a monopolistically competitive firm is incurring losses, then at the profit-max a price is above the average total cost curve. b. price is below the average total cost curve c. price is equal to marginal revenue. d. price is less than marginal revenue. e. average total cost equals marginal cost. Both competitive and monopolistically competitive firms a. can maximize profit by raising price. b. cannot control or set their own price c. can maximize profit by producing to...
plz
solve step by step and clearly show which formula you used
Q1 The Consumer Price Index is a measure of the average price of goods that a typical household consumes. To calculate the CPI, a basket of 700 goods and services that reflects the U.K. Society's buying habits is used to construct the index. Assume that U.K. Consumers buy only meat and movie tickets as their basket of goods and services. Below is a representation of the kind of...
Items (5 items) (Drag and drop into the appropriate area below) wealth redistribution costs people incur to avoid holding cash when there is inflation money illusion costs of changing decreased tax collection with inflation Categories Problems with inflation Not a problem < 0209 > O OF 9 QUESTIONS COMPLETED Different categories of expenditures are weighted differently in the consumer price index. Rank these items in from the highest share to the lowest share. Pieces of the CPI Items (6 items)...
Hello, If anyone can help me I will grestly appreciate it! I will
also give a thumbs up!
Autotech Manufacturing is engaged in the production of replacement parts for automobiles. One plant specializes in the production of two parts: Part 127 and Part 234. Part 127 produces the highest volume of activity, and for many years it was the only part produced by the plant. Five years ago, Part 234 was added. Part 234 was more difficult to manufacture and...
44. Calculate the issue price of a $1,000,000, 10%, 10-year bond that pays interest semiannually, assuming the market rate is 8%. Use the time value factors below to help you complete your answer (you may have a small rounding error): Periods Rate 4gi S2S 825 10% Present Value of $1 0.67556 0.61391 0.46319 0.38554 0.45639 0.37689 0.21455 0.14864 10 20 8.11090 7.72173 6.71008 6.14457 3.59033 12.46221 9.81815 8.51356 Present Value of Annuity 10 20 a. $1,137,862 b. $1,135,907 c. $1,000,000...
Most questions answered within 3 hours.
-
The free energy change for the following reaction at 25 °C, when
[Sn2+] = 1.17 M...
asked 1 hour ago -
An MNE is this kind of industry when competition in one country
is essentially independent of...
asked 2 hours ago -
. For this set of questions, determine what
proportion of a normal distribution is located betweeneach...
asked 3 hours ago -
A college student is employed as a door-to-door newspaper
salesman. Historical data suggests that the student...
asked 4 hours ago -
MATLAB HW 11 problem using Switch Case and Input commands
Write a script file that calculates...
asked 3 hours ago -
Considering gravitational time dilation, calculate the time that
passes in Earth’s surface while 1 hour passes...
asked 4 hours ago -
Minitab Problem: Take the Lake Hume June rainfall data and find
use the processes outlined in...
asked 5 hours ago -
X Company is trying to decide whether to continue using old
equipment to make Product A...
asked 5 hours ago -
IN PYTHON ONLY !! Program 2: Re-work
program #5 (WeeklyHours) from the previous assignment such that...
asked 6 hours ago -
The average length of time between arrivals at a turnpike
toll-booth is 26 seconds. What is...
asked 7 hours ago -
(a) A piston at 6.1 atm contains a gas that occupies a volume of
3.5 L....
asked 8 hours ago -
Please answer true or false. Words
cannot be changed or added in to make it true...
asked 8 hours ago