The consumer price index (cpi) is a measure of the change in the cost of goods over time. if 1982 is used as the base year of comparison in some country (cpiequals100 in 1982), then the cpi of 205.6 in 2006 would indicate that an item that cost $ 1.00 in 1982 would cost $ 2.06 in 2006 in this country. it is known that the cpi in this country has been increasing at an approximately linear rate for the past 30 years. a. use this information to determine a linear function for this data, letting x be the years since 1982. b. based on your function, what was the cpi in 2000? compare this estimate to the actual cpi of 181.3 for this country. c. how is the annual cpi changing?

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z

Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)