The price index was 136 in one year and 142 in the next year. what was the inflation rate between the two years?

Answers

Answer 1
Final answer:

The inflation rate is calculated by finding the difference between two price index values, dividing by the initial value, and multiplying by 100. In this case, the inflation rate between the two years was 4.41%.

Explanation:

The inflation rate is calculated by taking the difference between the two price index values, dividing that by the price index at the beginning period, and then multiplying by 100 to make it in percentage terms. So for this problem, the calculation would be:

Calculate the difference between the two price indexes: 142 - 136 = 6 Divide this difference by the first year's price index: 6 / 136 = 0.0441 Multiply by 100 to represent as a percentage: 0.0441 x 100 = 4.41%

So, the inflation rate between the two years was 4.41%.

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Answer 2

The inflation rate between the two years is approximately 4.41%, calculated as the change in the Consumer Price Index (CPI).

Inflation Rate = ((CPI in Year 2 - CPI in Year 1) / CPI in Year 1) x 100

In this case:

CPI in Year 1 = 136

CPI in Year 2 = 142

Now, plug these values into the formula:

Inflation Rate = ((142 - 136) / 136) x 100

Inflation Rate = (6 / 136) x 100

Inflation Rate ≈ 4.41%

So, the inflation rate between the two years is approximately 4.41%.

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Related Questions

The first book in the deuteronomistic history, dealing primarily with the manner in which the israelites entered the land of promise is

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The first book in the ............................................. the land of promise is JOSHUA.
The book of Joshua is the book of the bible which tells about the entrance of the children of Israel into the promise land after spending so many years in the wilderness. Joshua is the first book of what the scholars called Deuteronomistic history.

Natalia is a new employee in the sales department. her early results are so tremendous that the regional sales manager sent an email to the sales department praising natalia's work. to natalia, this could be a(n) ________ motivator.

Answers

This is an extrinsic motivator. Extrinsic motivators are motivators that come in the form of external factors such as money, praise, recognition, position and the like. In this situation, Natalia did a really good job so her boss is going to praise her in order to motivate her and make her feel good. The praise is the extrinsic motivator. 


Final answer:

In Natalia's case, the regional sales manager's praise is a positive reinforcement motivator, encouraging her to continue her excellent work performance. This type of motivation encourages the repetition of positive behavior.

Explanation:

In the context of a work environment, the praise received by Natalia from the regional sales manager would likely serve as a positive reinforcement motivator. This type of motivator is based on the premise that rewarding a behavior increases the likelihood of that behavior being repeated. In this case, the exemplary performance of Natalia yielded a positive response from her superior that she perceived as rewarding. This reinforces her good performance behavior and is likely to stimulate her to maintain or even improve her performance in the future. Positive reinforcements are powerful tools in both personal and professional environments as they foster motivation and hence boost productivity and morale.

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When a buyer, pursuant to a sale of goods contract, accepts nonconforming goods, the buyer's measure of damages is:?

Answers

difference at the time and place of the acceptance between the value of the accepted goods and the value of the goods as warranted. 



True!

The buyer's measure of damages is the difference at the time and place of the acceptance between the value of the accepted goods and the value of the goods as warranted.

What is sale of goods?

This is when ownership of goods are transferred from the seller, to the buyer in exchange for money.

Hence, the buyer's measure of damages is the difference at the time and place of the acceptance between the value of the accepted goods and the value of the goods as warranted.

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Dolly can count from 1 to 10 in order. this ability is due to the logical principle of conservation.

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The logical principle of conservation was introduced and defined by the psychologist Jean Piaget. It states that the logical thinking about numbers, area, volume, orientation develops in the concrete operational stage at ages 7–11.
So, the statement that Dolly's ability to count from 1 to 10 in order is due to the logical principle of conservation is true. 

Dolly can count 1-10 in order. This ability is due to the logical Principle of conservation which simply refers to the ability in which it is not present in children during their pre-operational stage of their development  ages 2-7, however it develops in the concrete operational stage at ages 7-11. 

What is the main reason for a conglomerate to want diversification?

Answers

A conglomerate wants diversification because when the market for one of their products is weak (as market winds change), they can rely on the strength of other parts of their business to drive profit margins until market winds change and the other product starts improving. They can also use the funds from strong areas of business to help drive innovation in their weak businesses, and hopefully turn things around.

World trade organization (wto) member countries account for approximately __________ percent of world trade.

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World trade organization member countries account for approximately 80-95% of world trade. Its three main functions are: -Forum for negotiation -Administration -Dispute Settlement To sum it up, World Trade Organization sets the rules, allows countries to talk, and has process for actually resolving problems.

Around 2009, real per-capita gdp in the united states is roughly:

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$47,575 is the real per-capita GDP in the United States, which means that the gross domestic product per capita was $47,575 in the year of 2009. This is considered the best way to measure a country's economic health.

The doritos' customer-created super bowl commercials are an example of _________.

Answers

Ans : The doritos' customer-created super bowl commercials are an examole of : Crowdsourcing Crowdsourcing is the process of getting work or funding, usually online, from a crowd of people. The word is a combination of the words 'crowd' and 'outsourcing'. The idea is to take work and outsource it to a crowd of workers. Crowdsourcing was coined in 2005 as a portmanteau of crowd and outsourcing.

Answer:advertisement for Doritos

Explanation:

Does reading the abstract of an article give you enough information about its contents?

Answers

It is true that reading the abstract of an article give you enough information about its contents. The abstract is the summary of the article that describes the content of the article, the scope, objective,methodology and findings, and finally conclusions. Abstracts are useful for initially evaluating a resource's usefulness.
Final answer:

The abstract provides a snapshot of an article's main points, but for complete comprehension and critical evaluation, further reading of the article is needed. Skimming other sections and considering annotated bibliographies can offer a more nuanced understanding of the work's credibility and relevance.

Explanation:

Reading the abstract of an article provides a concise overview of its main points, research findings, and relevance to your study. While abstracts are useful in helping you determine whether to pursue a full reading of the article, they do not encapsulate all the details and nuances present. Skimming further sections like the introduction, conclusion, and topic sentences can yield a broader understanding of the argument and the evidence provided. It is also important to read critically, assessing the logic, credibility, and potential biases of the paper, even if it agrees with your thesis. Detailed reading is necessary for a comprehensive understanding and should follow an initial review if the paper is deemed relevant.

To develop a mental outline for the work, you may also look at the table of contents and section headings. An annotated bibliography can complement abstracts by providing evaluations and critical assessments of the sources used in your research. In contrast to abstracts, which are purely descriptive, annotations offer insights into the source's credibility and usefulness, which can guide others in their research endeavors.

As of 2015, the largest portion of advertising agency revenue came from creating for ______.

Answers

This was for digital media. With items like cell phones and tablets being the main forms of communication and information in the current digital age, advertising for and through these products brings in much more money than traditional paper methods.
Final answer:

In 2015, advertising agency revenue was primarily generated from digital and mobile advertising, reflecting a change in consumer media consumption and the broader attention economy.

Explanation:

As of 2015, according to data from sources like eMarketer, the largest portion of advertising agency revenue came from the creation of digital and mobile advertisements. This shift in focus towards online platforms was due to the changing consumer behavior, where more people started accessing content through digital means like smartphones and tablets, bypassing traditional media such as television and print. The attention economy had shifted, with advertisers seeking to capture consumer attention through various online platforms that provided a more targeted and measurable approach compared to traditional media.

The rise of mobile advertising led to significant changes in the landscape of advertising, with estimates in 2014 indicating that mobile advertising would surpass other forms such as radio, magazines, and newspapers. This change reflects the evolution of how brands reach out to potential customers, with digital advertising offering a synergy across different platforms, ensuring that consumers receive the same message whether they are looking at a billboard, watching a game, or scrolling through social media.


6. The source document should be written in the
A. Date column. C. Doc. No. column.
B. Account Title column. D. Post. Ref. column.

Use the following information to answer questions 7–10.
The following activity for J. C. Breneman Management Services took place on June 1, 20—. Record these transactions on the journal form provided on the next page.
Received $3,290 in cash from the owner as an investment (receipt no. 1). Borrowed $900 cash from Inland Bank for business expenses (memo 1). Paid cash for supplies, $290 (check no. 1).
Paid cash for insurance, $1,000 (check no. 2).
Paid cash for equipment, $2,100 (memo 2).

The Books of Accounting
Journal
Page J1
DATE
ACCOUNT TITLE
Doc. No.
P.R.
DEBIT
CREDIT
7. The correct entry in the date column is for all the transactions is
A. June 1. C. Jan. 31.
B. Dec. 31. D. Dec. 1.
8. The entries for the debit account titles in the “Account Title” column are written
A. about one-half inch away from the left side. B. in pencil so they may be changed later.
C. at the far left side.
D. about one inch away from the left side.
9. The amounts that increase the Cash account are entered in
A. the Debit column.
B. the Credit column.
C. both Debit and Credit columns. D. either Debits or Credit columns.
The Books of Accounting
10. The totals of the entries in the Debit and Credit columns are
A. 12,345.00 in the Debit and 8,220.00 in the Credit columns. B. 7,580.00 in both the Debit and Credit columns.
C. 8,220.00 in the Debit and 6,290.00 in the Credit columns. D. 6,290 in both the Debit and Credit columns.

Answers

9 Letter C 8 c 7 d 6 a 8 b

Answer:

Explanation:

Question # 6

Answer: C

Doc. No. Column is used to refer to the source document. For example, a document number R1 can be used to indicates that the data is from Receipt No. 1.

Question # 7

Answer: A

As all the transactions were made on June 1, 20.

Question # 8

Answer: C

The debit entries are written on the left side (where the column starts). For visibility, the credit entries are indented more to the right to differentiate them easily.

Question # 9

Answer: A

A debit entry increases an asset or expense account, or decreases a liability or equity account. A credit entry is the opposite of the debit entry. As the amount in cash account increases our assets increases, so we write it in debit column.

Question # 10

Answer: B

Debit entries must equal credit entries for each row of a general journal. Hence, sum (7580) of total entries should be written in both columns.

Please select the word from the list that best fits the definition


Smoking contributes to air pollution.
a. Too narrow
b. Too broad
c. Just right

Answers

b. Too broad

While this maybe true. It's way too broad of a statement to conclude.

I believe the answer is: B. Too broad

As a general rule, a definition is considered as 'too broad' if the definition contain things that are not referents of the concept or does not necessarily explain why it's correlated with the concept. In the statement above, the writer of that statement did not include how or in what way smoking contributes to the air pollution.

"if gary is a binge drinker, it means that he can have at least ________ drinks in a row."

Answers

If he is a binge drinker he likely has at least 3 or more drinks in one setring or period of time. He will also typically drink like this multiple times in the same week.

An athlete's performance is more likely to improve when he's given a new uniform to wear than when he's given compliments for his performance by the coach.

Answers

This prompt is one I do not agree with. I would think, and probably bet money on, that an athlete's performance improving from performance compliments by his coach than his getting a new uniform. Verbal compliments that highlight strong aspects of one's performance is a bigger boost than a new set of clothes.
Final answer:

A new uniform can instill a greater sense of professionalism and pride in an athlete, potentially enhancing their performance, while compliments from a coach can boost morale and motivation. Both external factors such as uniform and internal factors like positive feedback have been demonstrated through substantial research to influence an athlete's performance.

Explanation:

The topic of whether an athlete's performance is more likely to improve when given a new uniform rather than through compliments for his performance by the coach involves variables that are largely psychological. It can be argued that both factors can potentially influence an athlete's performance, but in different ways.

For instance, a new uniform may enhance an athlete's self-confidence and personal pride, which can in turn improve their athletic performance. This is similar to the concept of 'enclothed cognition', where the clothes a person wears can influence their psychological processes. Outfitting athletes in new, high-quality uniforms could potentially make them feel more professional, thereby improving their performance.

On the other hand, positive feedback from a coach in the form of compliments can equally contribute to an athlete's improved performance because it can boost their morale and further motivate them to put in their best effort.

Substantial research in sports psychology suggests that a combination of external factors like a new uniform and internal factors like positive encouragement can significantly influence an athlete's performance.

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If your nominal income is​ $80,000 and your real income in base year prices is​ $71,500, what is the​ cpi?

Answers

The consumer price index would change in concert with the real value of the income that the consumer has. In this case, the nominal value is 80,000 with a real value of only 71,500. Taking these two values and dividing them gives a quotient of 1.118, which is rounded up to 1.12, multiplied by 100 to give a CPI of 112.

Della, the new ceo of sky advertising, has been with the firm for over 25 years. she was picked by the board to turn the 85-year-old agency around, because it had lost its edge in the internet age. to infuse new life and energy into the agency, della wants to bring back some old ideas that previously worked at sky. she plans on having managers and veteran employees instruct each other about the organization's values, beliefs, and expectations; telling stories about some of the company legendary ad campaigns; coming up with a slogan that summarizes sky's abilities in a simple and memorable phrase; and having quarterly ceremonies where creativity and innovation are rewarded. the things that della wants to do are all examples of

Answers

I would say Della's approach is all about participation and empowerment of employees by having employees instruct each other about the company's values, beliefs and expectations, tell stories about legendary ad campaigns, having a slogan, and having quarterly ceremonies where creativity and innovation are rewarded. She is obviously encouraging employees to share their knowledge and understanding of the advertising company in such a way as to make it a better company.
promoting inspiration and higher motivations through creating supportive, and creative environments for employees. Employees who are satisfied with their work, and feel valued, are more likely to be loyal, productive, and innovative with their ideas. Success depends on every employee feeling valued, and thus contributing their best efforts to the development of the company.

How could Jesus be able to continue His miracle ministry after He ascended into heaven to sit down at the right hand of God the Father?

Answers

remember, he lives inside of us. so he would speak to us from inside.
that is how he would be able to continue.

Jesus is able to continue his miracle ministry after He ascended into heaven as it is often considered as the holy being that his residence is in the people.

What is a miracle?

A miracle can be defined as a unique occurrence that demonstrates divine inspiration in worldly beings.

These are typically considered as a thing that was impossible to happen but happened in the time and are often considered a miracle. This is frequently treated as a blessing that god has given to the beings.

One can discover heavenly realities through miracles, which include the repercussions of sin or its remedy, the importance of trust, a scourge of defilement, as well as the rule of compassion.

Jesus is able to make a miracle as he is residing with the god of father and sees everyone and helps the one or those who are in need.

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The direct exchange of goods and services for other goods and services is known as

Answers

It is known as Barter

Final answer:

Bartering is the direct exchange of goods and services without money, which was used in ancient economies and required a double coincidence of wants. Today's economies mainly use money to facilitate trade, including international trade.

Explanation:

The direct exchange of goods and services for other goods and services without the utility of money is known as bartering. This ancient form of trade was necessary before the invention of money and relied on a double coincidence of wants, meaning both parties had to have what the other wanted at the same time. In modern capitalist societies, the inefficiencies of bartering are mitigated by the creation and use of money, which has taken many forms, including cowry shells, precious metals, and today's currency. Contemporary economies, though they still recognize bartering in small degrees, primarily rely on monetary transactions for domestic and international trade.

An increase in the price of orange juice from $2.39/half gallon to $2.45/half gallon is accompanied by a 2.5 percent decrease in sales

Answers

Final answer:

The question is related to the economic concepts of supply and demand, specifically price elasticity, demonstrated using the change in sales of orange juice following a price increase. In an inverse relationship, as price increases, the quantity demanded decreases. This principle also applies to the data provided.

Explanation:

The student's question pertains to the basic principles of supply and demand and price elasticity in Economics. The data presented shows the relation between the price of orange juice and the amount sold, demonstrating a key economic concept that as the price rises, the quantity demanded usually falls. This decrease in quantity demanded due to a rise in price is expressed as a percentage, which signifies the rate of decrease in demand. These changes represent the elasticity of the demand curve.

For instance, if the price of orange juice increased from $2.39/half gallon to $2.45/half gallon resulting in a 2.5% decrease in sales, the quantity demanded has decreased. The same principle is illustrated in the given dataset where as the price per gallon decreased from $2.20 to $1.00, the quantity demanded (in millions of gallons) increased from 720 to 500. Thus the relationship between price and demand is inverse.

Understanding the relationship between the price of a product and its sales volume is crucial for businesses as it helps in determining optimal pricing strategies to maximize profits.

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The change in orange juice price and sales highlights price elasticity of demand, calculated as -0.996, indicating unit elastic demand. A similar real-world example from The Wall Street Journal shows how a price drop can increase sales. Both instances illustrate the concept of price elasticity in economics.

An increase in the price of orange juice from $2.39/half gallon to $2.45/half gallon accompanied by a 2.5 percent decrease in sales illustrates the concept of price elasticity of demand.

To calculate the price elasticity of demand, we use the formula:

Price Elasticity of Demand (PED)

= (Percentage Change in Quantity Demanded) / (Percentage Change in Price)

First, let's find the percentage change in price:

Percentage Change in Price

= ((New Price - Old Price) / Old Price) * 100

Percentage Change in Price

= (($2.45 - $2.39) / $2.39) * 100 = 2.51%

Given that the percentage change in quantity demanded is -2.5%, the price elasticity of demand is:

PED = -2.5% / 2.51% = -0.996

This value is close to -1, indicating that the demand for orange juice is unit elastic, where the percentage change in quantity demanded is approximately equal to the percentage change in price.

Becca and bob own a car rental business. becca contributes 75 percent of the capital but does only 20 percent of the work, while bob contributes 25 percent of the capital but does 80 percent of the work. both decide on a 50/50 allocation of profits. in which types of business structures would this arrangement be possible?

Answers

This would only be available in limited liabilities and partnerships. S corporations must allocate profits in direct proportion to the shareholders interests, however LLC's and partnerships can allocate profits however they see fit.

According to this table, what will happen when the price of a pair of shoes rises from $100 to $125? a decrease in demand due to scarcity an increase in demand due to an increase in supply an increase in demand due to changing economic factors an increase in price due to an increase in demand

Answers

To answer this problem, we would need to have the table.

Anyway, let us dissect the given choices one by one.

 

a decrease in demand due to scarcity

- scarcity is lack of supply, there is no relationship between price and scarcity

 

an increase in demand due to an increase in supply

-no relationship with price

 

an increase in demand due to changing economic factors

-what are the factors?

 

an increase in price due to an increase in demand

-when the demand is high, suppliers tend to increase the price to gain more profit, so I think this is the answer

 

Answer:

an increase in price due to an increase in demand

 

________ uses buyers' perceptions of what a product is worth as the key to pricing.

Answers

the answer is Customer value-based pricing
Customer value-based pricing is a form of pricing that based on consumer's perceived value of a certain product/services rather than historical cost.
the productss that used this type of pricing usually a tertiary products such as jewelry or rare collectibles.

A valid contract does not exist if the contract is a promise of/to:

Answers

The three essential characteristics of any valid consideration are:
Legality, adequacy, and the possibility of performance

Based on this:
A valid contract does not exist if the contract is a promise of/to: perform any illegal act

Which type of bankruptcy requires the liquidation of most of the debtor's assets?

Answers

Chapter 7 bankruptcy is a type of bankruptcy that requires the liquidation of most of the debtor's assets. It is the most common of the bankruptcy were may debts are forgiven and a variety of assets are sold, Chapter 7 bankruptcy is favored by individuals. Under of this bankruptcy, the debtor's assets are sold off to pay the lenders.

Your car will weave back and forth but should respond normally to steering in which case?

Answers

My car would weave back and forth but still respond normally to steering if I was distracted driving. For example, weaving happens when the driver has been drinking or is looking at their cellular device. This can be quite dangerous and can cause wrecks.

Fedex gives its employees significant discretion in taking action to solve customer problems. this is referred to as

Answers

Fedex gives its employees significant discretion in taking action to solve customer problems. this is referred to as empowerment.  Employees is given more authority to solve problems. The empowerment gives customers the feeling that their concerns are being addressed and gives employees the feeling that their expertise matter. 

The rest-a-lot chair company manufacturers a standard recliner. during february, the firm's assembly department started production of 75,000 chairs. during the month, the firm completed 80,000 chairs, and transferred them to the finishing department. the firm ended the month with 10,000 chairs in ending inventory. there were 15,000 chairs in beginning inventory. all direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. the fifo method of process costing is used by rest-a-lot. beginning work in process was 30% complete as to conversion costs, while ending work in process was 80% complete as to conversion costs

Answers

Calculation of the Cost of Goods Transferred Out During February:

Units that were started during February were completed during February = 75,000 - 10,000 = 65,000

Equivalent units for conversion costs during February = (15,000 x 0.7) + 65,000 + 10,000 (0.8) = 83,500

The amount of direct materials cost assigned to ending work-in-process inventory at the end of February = $168,000/75,000 = $2.24 x 10,000 = $22,400

The Costs of Beginning Inventory ($24,000 + $35,000)$59,000

Direct Materials ($2.24 * 65,000)$145,600

Conversion Costs [$278,000/(10,500 + 8,000 + 65,000)] x 65,000$216,450

FG beginning inventory (15,000 x 0.7 x 3.33)$34,965

Total Costs of Goods$456,015

Therefore, the Total Cost of Goods Transferred Out During February is $456,015

Final answer:

The subject of this question is Business, specifically the topic of process costing in manufacturing. Rest-A-Lot Chair Company uses the FIFO method and the given information provides details about their production and inventory of recliner chairs.

Explanation:

The subject of this question is Business, specifically the topic of process costing in manufacturing.

In the given scenario, Rest-A-Lot Chair Company manufactures recliner chairs and uses the FIFO method of process costing. They started production with 75,000 chairs and completed 80,000 chairs during February. They transferred these chairs to the finishing department and ended the month with 10,000 chairs in the ending inventory. There were 15,000 chairs in the beginning inventory. The costs of direct materials are added at the beginning of the production cycle, while conversion costs are added uniformly throughout the production process. Additionally, the beginning work in process was 30% complete as to conversion costs, and the ending work in process was 80% complete as to conversion costs.

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Which organization requires a 90 day supply of oil (links to an external site.)links to an external site. (known as the strategic petroleum reserve or spr) be maintained for membership? (the acronym — three letter answer expected, all caps)?

Answers

The organization that requires a 90-day supply of oil is the International Energy Agency (IEA). Each country in the organization must stock an amount of petroleum equivalent to this amount because of the organization's obligations.

One framework for designing an effective message is the aida model. in the aida model​ __________.

Answers

The AIDA model is one of the most well-known and well-regarded strategies for marketing and consumer behavior. In the model, a number of steps are used from the point at which a consumer is aware of or interacts with a service or product, to the final consumption of the service or product such as the purchase or use. It stands for Attention, Interest, Desire and Action.
Final answer:

The AIDA model is used in marketing and advertising to design effective messages.

Explanation:

The AIDA model is commonly used in marketing and advertising to design an effective message. AIDA stands for Attention, Interest, Desire, and Action. In this model, the goal is to capture the audience's attention, generate interest in the message, create a desire for the product or service being promoted, and ultimately, motivate the audience to take action.

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According to michel foucault, organizations "efficiently distribute bodies" and activities through the use of

Answers

According to michel foucault, organizations "efficiently distribute bodies" and activities through the use of timetables.
Michel Foucault was a French philosopher, social theorist and historian of ideas and he held a chair with the title of "History of Systems of Thought,"  at the Collège de France.
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