Given the anticipated rate of inflation (i) of 2.13% and the real rate of interest (R) of 3.1%, find the nominal rate
of interest (r).
What will be an ideal response?
r = R + i + Ri
r = .031 + .0213 + (.031 )(.0213 )
r = .0523 + .0006603
r = .05296 = 5.3%
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An airline runs a 6-month promotional program where all baggage fees are waived. It is using a cost-based pricing strategy
Indicate whether the statement is true or false
The difference between total actual cost incurred and total standard cost applied is referred to as _________________________
Fill in the blank(s) with correct word
The unlawful practice of operating ‘closed shops’ relates to which of the following:
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Blake Company purchased two identical inventory items. The item purchased first cost $29.00, and the item purchased second cost $30.00. Blake sold one of the items for $54.00. Which of the following statements is true?
A. Cost of goods sold will be higher if Blake uses the FIFO rather than the weighted-average inventory cost flow method. B. Ending inventory will be lower if Blake uses the weighted-average rather than the FIFO inventory cost flow method. C. Gross margin will be higher if Blake uses LIFO rather than the FIFO inventory cost flow method. D. The dollar amount assigned to ending inventory will be the same no matter which inventory cost flow method is used.