Refer to the information provided in Table 7.5 below to answer the question(s)that follow.Table 7.5Units Purchased 2013Blueberries 8Pineapples5Cheese35.8; 5.8Refer to Table 7.5. If 2015 is the base year, the inflation rate between 2014 and 2015is%, and the inflation rate between 2015 and 2016 is%.9.4; 11.26.2; 16.1Price per Unitin201420152016$2.00 $2.00$2.10 $2.40$3.00$2.00 $2.50 $2.50$2.50 $3.00 $3.50 $4.004.0; 4.9

Prices tends to increase over the time due to which there is decrease in purchasing power of money…

Refer to the information provided in Table 7.5 below to ans that follow. Table 7.5 Price per Unit in 2014 Units Purchased 2013 $2.00 $2.00 $2.00 $2.50 $2.50 $3.00 $3.50 Blueberries 8 Pineapples Cheese 853 2015 2016 $2.10 $2.40 $2.50 $3.00 $4.00

Refer to the information provided in Table 7.5 below to ans that follow. Table 7.5 Price per Unit in 2014 Units Purchased 2013 $2.00 $2.00 $2.00 $2.50 $2.50 $3.00 $3.50 Blueberries 8 Pineapples Cheese 853 2015 2016 $2.10 $2.40 $2.50 $3.00 $4.00

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Chamiching makes hacksaw blades. Inventory values are determined using the first in, first out (FIFO) method. Production and sales data for the first three years appear below. Hacksaw blades Sold Produced Yr 1 18,000 22,000 Yr 2 25,000 23,000 Yr 3 37,000 35,000 Sales price Full cost Yr 1 $10.00 $6.00 Yr 2 $11.00 $6.60 Yr 3 $12.00 $7.60 In the first year, variable costs accounted for half of the full costs. Total fixed production costs increased each subsequent year by 20%, as a result of step-fixed costs and a general inflationary price increase. For Chamiching, which of the following is true? Variable costing income (VCI) exceeds full costing income (FCI) every year VCI exceeds FCI in Yrs 1 and 2 only VCI exceeds FCI in Yrs 2 and 3 only VCI never exceeds FCI
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