Which of the following statements highlights the difference between the cpi (consumer price index) and the gdp deflator?
(a)-the cpi measures the average prices of retail goods and services, whereas the gdp deflator measures the average prices of wholesale goods.
(b)-the cpi measures the average prices of all final goods and services purchased by consumers, whereas the gdp deflator measures the average prices of all inputs used in the economy.
(c)-the cpi measures the average prices of goods and services consumed by typical consumers, whereas the gdp deflator measures the average prices of all goods and services in the economy.
(d)-the cpi measures the average prices of inputs in the production process, whereas the gdp deflator measures the average prices of goods and services purchased by consumers.

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

Jennifer purchased a house in a brand new development in the outskirts of town. when her house was built, the nearest fire department was nearly 20 miles away. as her neighborhood developed, the density of the community called for a new fire department 1.5 miles away. what effect will the new fire station have on her homeowners insurance premium? a. a new fire department will be more demanding on local taxes. her annual premium will go up. b. the location of a fire department has no bearing on the value of her house. her annual premium will stay the same. c. the new fire department will reduce the risk of financial loss in her home. her annual premium should decrease. d. with a fire department so close (less than 5 miles), financial risk on jennifer’s home practically disappears. she will not need to pay insurance anymore.

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance