from 1960 to 1970, the consumer price index (CPI) increased from 29.6 to 38.8 if a dozen tangerines cost 0.31 in 1960 and the price of tangerines increase at the same rate as the CPI from 1960 to 1970, approximately how much did a dozen tangerines cost in 1970

Answers

Answer 1

Answer: $0.41

Explanation:

A consumer price index measures the average price changes of goods that are bought by people in an economy. It shows the level of inflation in an economy.

To calculate the cost of a dozen tangerines in 1970we have to know the percentage increase in price index from 1960 to 1970 and this will be:

= [(38.8 – 29.6) / 29.6] × 100%

= (9.2 / 29.6) × 100%

= 31.08%

Let's represent the price of a dozen tangerines in 1970 by X and solve. This will be:

31.08 = (X - 0.31) × 100 / 0.31

Cross multiply

(31.08 × 0.31) = 100X - 31

9.6348 = 100X - 31

100X = 9.6348 + 31

100X = 40.6348

X = 40.6348 / 100

X = 0.46348

X = 0.41

Therefore, the cost of a dozen tangerines in 1970 is $0.41


Related Questions

Rumba Dance Hall has offered to buy from Muy Bueno Bakery 100 of its chocolate cakes for $26 each. No variable selling costs would need to be paid, but special packaging of $140 will have to be added. Normally, Muy Bueno sells its cakes at $36 each. Its costs per cake are materials, $11; direct labor, $8; variable factory overhead, $2; fixed factory overhead, $3; and variable selling costs, $3. How much differential profit or loss will Muy Bueno make if it accepts this offer

Answers

Answer:

differential profit = $360

Explanation:

total variable production costs:

materials $11 x 100 = $1,100

direct labor $8 x 100 = $800

variable overhead $2 x 100 = $200

total = $2,100

+

special packaging $140

= total costs $2,240

differential profit = $2,600 - $2,240 = $360

Accounts receivable are money that is owed a company for products that have been sold on credit.

a - True
b - False

Answers

Answer:

a - true

Explanation:

what is the answer please

Answer: True

Explanation: I did the test


Why principle of indemnity not applies in life insurance?​

Answers

The indemnity principle means that the policy payout should restore the insured to the same financial position in which he was before the loss happened. Since the value of human life cannot be ascertained, the principle of indemnity does not apply as it is not possible to quantify the loss. WRITE IN YOUR OWN WORDS

Explanation:

The principle of indemnity is not applicable to life insurance because the insurer may pay any amount but the insured cannot be brought back to the same state. Also, the loss of a life is not measurable and no money can indemnify the loss of a life.

He is sincere change into Negative plssss​

Answers

He is not sincere.

This is the negative form of the sentence.

Which of the following is a true statement?
A
If your credit score is high, you won't have to repay money you owe.

B
You can access your credit report for free once every month.

C
A landlord can access your credit report to decide if you are financially responsible.

D
Your credit score can never increase, only decrease.

Answers

Answer:

c good luck with the answer

Which of the following could be considered collateral for a loan? (Select all that apply.)
A. buildings
B. inventory
C. machinery
D. wages

Answers

Option B: inventory

Collateral is simply an asset, such as a car or home, that a borrower offers up as a way to qualify for a particular loan. collateral can make a lender more comfortable extending the loan since it protects their financial stake if the borrower ultimately fails to repay the loan in full.

The biggest risk of a pawn loan is that you can lose your assets if you don't repay the loan. it's especially dangerous if you back your loan with a very valuable asset like your home. It requires you to have valuable assets.

many banks and credit unions offer savings accounts, certificates of deposit (CD) funds, or secured personal loans, which are personal loans secured by your car. for this reason, these loans are sometimes referred to as mortgages. often there is no limit to these types of credits.

Learn more about collateral for a loan here https://brainly.com/question/1397667

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Predict Consequences When the economy is
expanding, which of the following is a business
MOST likely to do?
A. close its international branches
B. lay off employees
C. invest in new equipment
D. cancel new product development

Answers

I believe it’s C. Invest in née equipment

The correct option is C.

When the economy is expanding, the business invests in new equipment.

What happens during an expansion in the economy?

Expansion, in economics, is an upward trend in the business cycle, characterized by an increase in production and employment, which in turn causes an increase in the incomes and spending of households and businesses.

Learn more about expansion in the economy here

https://brainly.com/question/13733834

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Clarity the similarities and differences
between plough and tractor.​

Answers

Answer:

Explanation:

1. Plough is a local technology whereas Tractor is a modern technology.

2. Plough requires human energy whereas Tractor does not require much human energy.

3. Plough doesn’t affect the environment whereas Tractor affects the environment.

4. Lever technology is used in Plough whereas Rolling technology is used in Tractor.

5. Plough requires or consumes more time whereas Tractor consumes less time.

Hope this helped!!!

i will give brainlest!!!

name 5 things that being a doctor requires

Answers

In general, doctor requirements include completing a 4-year undergraduate degree program, spending 4 years in medical school, and then completing 3-7 years of residency training before becoming eligible for medical licensing

Select the correct answer.

Knight is the head of a country that plans to join the eurozone. Which of these can he expect if he decides to join?

A.
exchange rate variations
B.
improved ability to handle bad debt situations
C.
attraction for investors from outside the EU
D.
variations in pricing of goods and services

Answers

Answer:

Explanation:

variations in pricing of goods and services

Gemma and Li are both managers at Yang Accounting, a large accounting firm. Each has a very different management style. Gemma is very outgoing and constantly checking on her subordinates to see if there is any way she can help them to complete their projects. She also brings in fresh flowers for the lunchroom weekly and always remembers everyone's birthday. Li is much more introverted and communicates with his subordinates mainly through email, and he has his subordinates submit daily reports on their progress toward the weekly goals he has assigned them.
A. transformational leader
B. path-goal leader
C. task-oriented leader
D. servant leader
E. people-oriented leader

Answers

Answer:

Gemma is a people oriented leader whereas Li is a task oriented leader.

Explanation:

Gemma is good with people and the Human resources. He shows empathy towards each employee of the company by helping them and being there with them when they have any doubts or clarifications in the projects.

Li is professional. spends time to himself and cares more about the outcome of their employees work.

A no-frills account often has no fees.
A. True
B. False

Answers

False.

Explanation:

in addition to the service charges applicable to the no frills account was substantially lower than that of the regular savings accounts as a result the zero balance requirement that most banks offered,the account became commonly known as ZERO BALANCE ACCOUNT.

What advantage is there for a company to offer products at prices below actual market value? Multiple choice question. It maximizes profits for the company under any market conditions. It keeps the level of production low so the company will not be overwhelmed with orders. It circumvents the experience curve effect. Customers are more likely to try the product because they are not risking as much money.

Answers

Answer: Customers are more likely to try the product because they are not risking as much money.

Explanation:

Many market have competition, despite customers want the best for their money, they still want the best various prices especially that which is a bit lower, so they know they are not spending much but also getting the best. Some organization would want to sail their market either when entering the market or when they are experiencing a low sales, they now consider reducing the price of their items, in this case, customers would consider them because they are not spending much money

Question 2 (1 point)
Who benefits from a low interest rate? (Select the best answer.)

The investor
The borrower
The lender
The credit card company

Answers

Answer: The borrower

Explanation:

Answer: The borrower

Explanation:

Giving brainliest to the best answer :)​

Answers

Answer:

the supply curve shifts to the left

Explanation:

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You're the production manager for a company that manufactures clothing, and you oversee activities in a wide range of departments from cutting and stitching to warehousing and shipping. Maintaining a steady flow of goods through production is essential, so if you could employ any supply chain management system to make your job easier, which of the following would you choose? Group of answer choices RFID, a tool that requires placing a tiny tracking chip on all materials ERP, an integrated software that consolidates sequencing and scheduling data from all units Logistical cost control, a method of evaluating how to add value for your customers through logistical changes Value chain management, a means of managing the complete sequence of suppliers and activities that contribute to the creation and delivery of goods

Answers

Answer: ERP, an integrated software that consolidates sequencing and scheduling data from all units

Explanation:

With regards to the information given, the supply chain management system to be employed in order to make the job easier is the Enterprise Resource Planning (ERP).

The Enterprise Resource Planning us the software that is used in the planning and managing of every supply chain, financial, manufacturing, and every other organizational process.

Therefore, the ERP is vital as it'll help in the consolidation, the sequencing and the scheduling data from all units

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