A certain manufacturing company has the following data on quantities shipped and unit costs for each of its four products.Mean Shipping CostBase-Periodper Unit ($)ProductsQuantities (Year 1)Year 1Year 5A2,00010.5015.90B5,00016.2531.00C7,00012.2017.40D2,50020.0035.50Use the price data to compute a Paasche index for the shipping cost if year 5 quantities are 4,000, 3,000, 7,000, and 3,000 for products A, B, C, and D, respectively. (Round your answer to the nearest integer.)15=

The problem asks for the computation of the Paasche Price Index (I5) using the provided data on…

Answered: A certain manufacturing company has the…

College Algebra (MindTap Course List)

12th Edition

ISBN:9781305652231

Author:R. David Gustafson, Jeff Hughes

Publisher:R. David Gustafson, Jeff Hughes

Chapter4: Polynomial And Rational Functions

Section4.6: Rational Functions

Problem 11SC: Find the mean hourly cost when the cell phone described above is used for 240 minutes.

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Find the mean hourly cost when the cell phone described above is used for 240 minutes.
The Consumer Price Index provides a means of determining the purchasing power of the U.S. dollar from one year to the next. To use the Consumer Price Index to predict a price in a particular year, we can set up a proportion and compare it with a known price in another year as follows:(price in year A)/(index in year A)=(price in year B)/(index in year B)In 1986 the Consumer Price Index was 109.6 and in 2010 it was 218.1. Find the amount that would be charged in 2010 for the use of the same amount of electricity that cost $110 in 1986. Give your answer to the nearest dollar.
The table below gives detail of price and consumption of 5 commodities for 1995 and 1997. Using an appropriate formula arrive at an index number for 1997 prices with 1995 as base. Consumption saiue 1995 ($) Commodity Rice Wheat Price per unit 1995 ($) Price per unit 1997 ($) 40 800 400 760 1,100 48 25 27 oil 95 105 120 100 Fish 110 Milk 80 480
The marketing manager of "ABC Tapes" wants to assess the competitiveness of the company's product in the market. Table 1 represents the prices and quantities of blank cassette tapes sold in January 2016 and January 2020. TABLE 1 2016 2020 Length of tapes Price Quantity Price Quantity 30 minutes R 4.00 32 R 5.60 40 60 minutes R 4 30 150 R 6.15 190 90 minutes R 4.60 100 R 7.40 130 Using 2016 as base and calculate for 2020 the following: Determine the Laspeyres price index: a) 149.492 Ob) 149.367 Oc) 66.949 d) 66.893
In calculating cost of living index number, the weights used were : Food 8 18, Rent 2, Clothing 32, Fuel and Light 1 and Miscellaneous 2. Calculate the index number in the case of data where the percentage increases in the prices of the various items in 2017 over prices of 2016 were 40, 75, 60, 35, and 80 respectively.
Mazars is an integral player in auditing, accounting, tax and advisory services in South Africa. A seasonal analysis was done on their sales for the period between 2009 and 2014 and the Median Seasonal Index's and the Adjusted Seasonal index's was calculated for each quarter as reflected below. Median seasonal Index Adjusted seasonal index Quarter 1 79.5660 79.0886 Quarter 2 85.3333 84.8213 Quarter 3 135.9855 135.1696 Quarter 4 101.5385 100.9293 Total 400.00 Each adjusted seasonal index measures the magnitude of seasonal influence on the actual values of the time series for a given period within the year. Interpret the seasonal analysis results for Quarter 1
John Kittle, an independent insurance agent, uses a five-year moving average to forecast the number of claims made in a single year for one of the large insurance companies he sells for. He has just discovered that a clerk in his employ incorrectly entered the number of claims made four years ago as 1,400 when it should have been 1,200.a. What adjustment should Mr. Kittle make in next year’s forecast to take into account the corrected value of the number of claims four years ago?b. Suppose that Mr. Kittle used simple exponential smoothing with a = .2instead of moving averages to determine his forecast. What adjustment is now required in next year’s forecast? (Note that you do not need to know the value of the forecast for next year in order to solve this problem.)
Consider the price of three items for years 2017 and 2019.SUGAR(KG) CALCULATOR DEODORANT 20072019Price Quantity Price Quantity14.00 60.00 800 200 18.00 85.00 900 50025.00 300 40.00 600 3.1 The using 2015 as base year calculate:3.1.1 The Laspeyres price and quantity indices.3.1.2 The Paasche price and quantity indices.(8)(8) 3.2 Interpret the Paasche indices calculated in question 3.1.2 above. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
The following tables consists of Prices and Consumption for three types of energy products in Australia from 2011 to 2021 Year 2011 2021 Year 2011 2021 Solar 7 4 Prices ($) Solar 15 17 Natural Gas 26 34 Consumption (Qty) Natural Gas 4 6 Wind 9 6 Wind 12 18 i. Using 2021 as the current year, calculate the Paasche aggregate price index. Show your calculations. ii. Interpret the Paasche price index.
Which of the following is not a good interpretation of a seasonal index of 1.26 for fall quarter sales? O a. Fall quarter sales are 26 perbent higher than the annual average. O b. Fall quarter sales represents 1.26 times the annual average. O c. Fall quarter sales represents an increase of 26 percent over last year's annual average. O d. Fall quarter sales average 126 percent of annual sales.
The following table gives information on the Consumer Price Index (Base = 2016-17) and the monthly salary of Miss Safaludin, an employee at Panthar Car company in Kuala Lumpur. Determine Miss Safaludin's “real” monthly salary for 2019.
Price information for selected foods for 2010 and 2018 is given in the table. Price Quantity Item 2010 2018 2010 2018 Cabbage (pound) $ 0.06 $ 0.05 2,000 1,500 Carrots (bunch) 0.10 0.12 200 200 Peas (quart) 0.20 0.18 400 500 Endive (bunch) 0.15 0.15 100 200 Compute a simple price index for each of the four items. Use 2010 as the base period. (Round your answers to 2 decimal places.)

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