(Solution) Although women hold slightly more than half of US managerial positions, they hold far fewer of the top executive positions.

Although women hold slightly more than half of US managerial positions, they hold far fewer of the top executive positions. To counteract this imbalance, some colleges are offering executive education courses for women only. Participants, such as Johson & Johnson, praise these programs for helping women network and gain confidence. What do you think of these programs? Are they ethical? Would you feel differently if they were held for men only? Why? Support your opinion with concrete examples from your own and outside research. Document your answer using APA format. https://www.coursehero.com/tutors-problems/Business/8481998 8481998 Time value of money Your friend, lives in Greece and planning on moving to Germany, owns a perpetuity that promises to pay €1,000 at the end of each year, forever. You received an e-mail from her and she offered to sell you all of the payments to be received after the 25th year for a price of €1,000. At an interest rate of 10%, should you pay the €1,000 today to receive payment numbers 26 and onwards? Briefly explain https://www.coursehero.com/tutors-problems/Business/8482002 8482002 Felix Jones, a recent engineering graduate, expects a starting salary of $ 65,000 per year. His future employer has averaged 5% per year in salary increases for the last several years. If inflation is estimated to be 4% per year for the next 3 years, how much, in year-1 dollars, will Felix be earnings each year? What is the inflation rate in Felix's salary? https://www.coursehero.com/tutors-problems/Business/8482006 8482006 From the data in table 14-1 in the attach , calculate the average annual inflation rate of first class postage as measured by the LCI for the following years . a) End of 1970 to end of 1979 b) End of 1980 to end of 1989 c) End of 1990 to End of 1999 d) End of 1999 to end of 2009 https://www.coursehero.com/tutors-problems/Business/8482008 8482008 received balance with cheque for loan 8000 to get from jack.discount 160.on the same date, 10000 deposit into bank. i want to ask,please this transaction prepare in three column cash book. https://www.coursehero.com/tutors-problems/Business/8482010 8482010 Waters, Inc. acquired 10% of Denton Corporation on Jan. 1, 2012 for $210,000 although Denton’s book value on that date was $1,700,000. Denton held land that was undervalued by $100,000 on it’s accounting records. During 2012, Denton earned a net income of $240,000 while paying cash dividends of $90,000. On January 1, 2013, Waters purchased an additional 30 percent of Denton for $600,000. Denton’s land is still undervalued on that date, but then by $120,000. Any additional excess cost was attributable to a trademark with a 10 year life for the first purchase and a 9-year life for the second. The initial 10% investment had been maintained at cost because fair values were not readily available. The equity method will now be applied. During 2013 Denton reported income of $300,000 and distributed dividends of $110,000. Prepare all of the 2013 journal entries for Waters. https://www.coursehero.com/tutors-problems/Business/8482012 8482012 . You have accumulated $5,000 in credit card debt. Your credit card rate is 9.5% APR and you are charged interest every month on the unpaid balance on your account. If you pay $500 a month and incur no new debt, how long will it take you to pay off your credit card balance?1. You have accumulated $4,400 in credit card debt. Your credit card rate is 8.5% APR and you are charged interest every month on the unpaid balance on your account. How much interest must you pay every month, assuming the balance remains unchanged? 2. You have accumulated $5,000 in credit card debt. Your credit card rate is 9.5% APR and you are charged interest every month on the unpaid balance on your account. If you pay $500 a month and incur no new debt, how long will it take you to pay off your credit card balance? 3. What is the future value of an ordinary annuity yielding 6.00% APR that pays semiannual payments of $500 for 1.5 years? 4. You are considering financing a new car which cost $48,999 with an amortized loan. Your bank offers a nominal rate of 7.200% for a 6 year loan with monthly payments. How much will each payment be? 5. Today you deposit $2000 in a bank account that pays 3.6% APR compounded weekly . How much money would you have in that account 21 months from now. Do not assume there are 4 weeks per month. There are 52 weeks per year. 6. You are tasked with estimating the fair market value of a security that promises uneven future payments. The table below shows the quarterly payment schedule (each cash flow occurs at the end of the quarter ). You consider 7.2% APR to be the appropriate opportunity cost. What is the theoretical value of this security? 1 HW 2 7. You are considering leasing a car for 3 years. The lease requires monthly payments of $448.00. Somewhere on the lease paperwork you notice a statement to the affect that you will be charged an APR of 4.800%. (Hint: this is an Annuity Due) What is the value of the lease? 8. Fly By Night Trucking Company is financing a new truck with an amortized loan of $50,000 to be repaid in 11 semi-annual installments of $5,776.92, paid at the end of each six months. What type of annuity is this?________________. What is the annual cost of debt for this loan? 9. Today you deposit $90,000 of your company's money in an investment account that pays 7.97% APR compounded weekly. How much money would you have in that account 11 months from now? Do not assume there are 4 weeks per month. There are 52 weeks per year. 10. Today is 1 January and you plan to start investing in a stock mutual fund that pays quarterly dividends. The fund’s value has grown at an average rate of 9.42% APR for the past 3 years. Today you deposited $1,500 into this account and will continue to deposit that amount at the beginning of every 3 months thereafter. What type of annuity is this? _________________. How much money would you have in this account after 5 1/2 years? https://www.coursehero.com/tutors-problems/Business/8482014 8482014 From the data in table below , calculate the average annual inflation rate of first class postage as measured by the LCI for the following years . a) End of 1970 to end of 1979 b) End of 1980 to end of 1989 c) End of 1990 to End of 1999 d) End of 1999 to end of 2009 Table: Year,n Cost of First Class Mail LCI Annual Increase for n 1970 $0.06 100 1971 $0.08 133 33.33% 1972 $0.08 133 0.00% 1973 $0.08 133 0.00% 1974 $0.10 166 25.00% 1975 $0.13 216 30.00% 1976 $0.13 216 0.00% 1977 $0.13 216 0.00% 1978 $0.15 250 15.74% 1979 $0.15 250 0.00% 1980 $0.15 250 0.00% 1981 $0.20 333 33.33% 1982 $0.20 333 0.00% 1983 $0.20 333 0.00% 1984 $0.20 333 0.00% 1985 $0.22 367 10.00% 1986 $0.22 367 0.00% 1987 $0.22 367 0.00% 1988 $0.25 417 13.64% 1989 $0.25 417 0.00% 1990 $0.25 417 0.00% 1991 $0.29 483 16.00% 1992 $0.29 483 0.00% 1993 $0.29 483 0.00% 1994 $0.32 483 0.00% 1995 $0.32 533 10.34% 1996 $0.32 533 0.00% 1997 $0.32 533 0.00% 1998 $0.33 550 3.13% 1999 $0.33 550 0.00% 2000 $0.33 550 0.00% 2001 $0.34 567 3.03% 2002 $0.37 617 8.82% 2003 $0.37 617 0.00% 2004 $0.37 617 0.00% 2005 $0.37 617 0.00% 2006 $0.39 650 5.41% 2007 $0.41 683 5.13% 2008 $0.42 700 2.44% 2009 $0.42 700 0.00% 2010 $0.44 733 4.76% https://www.coursehero.com/tutors-problems/Business/8482018 8482018 1. 3.1 (Points: 1) Technical skills grow in importance as one moves up the managerial hierarchy. TrueFalse Save Answer 2. 3.2 (Points: 1) Human skills are important at all levels of management. TrueFalse Save Answer 3. 3.3 (Points: 1) Mumford's research studied military personnel rather than business and organizational leaders. TrueFalse Save Answer 4. 3.4 (Points: 1) The skills approach suggests that many individuals have the potential for leadership. TrueFalse Save Answer 5. 3.5 (Points: 1) Social judgment is an individual attribute in Mumford's skills model. TrueFalse Save Answer 6. 3.6 (Points: 1) Crystallized cognitive ability is linked to biology, not to experience. TrueFalse Save Answer 7. 3.7 (Points: 1) Career experiences help shape and develop leaders’ competencies. TrueFalse Save Answer 8. 3.8 (Points: 1) Environmental influences are factors in a situation that lie outside the leader's competencies,characteristics and experiences. TrueFalse Save Answer 9. 3.9 (Points: 1) The skills approach has not been widely used in applied leadership training settings. TrueFalse Save Answer 10. 3.10 (Points: 1) The skills approach is a leader-centered model in which the emphasis is on developing leadership skills. TrueFalse Save Answer https://www.coursehero.com/tutors-problems/Business/8482022 8482022 According to conflict theorists, the persistence of social class inequality can be linked to the educational institutions in the United States. Although education is asserted to be a social equalizer, many argue that the educational system is a mechanism of social reproduction that maintains social inequality rather than ensuring equality of opportunity. In this discussion, you will read Chapter Four of the text, Introduction to Sociology, and review the articles, Foundations of Educational Inequality and the Ordering Regime chapter from the book, The Shame of the Nation. Answer the following questions: •What factors influence the quality of education that an individual receives? •How is social class reproduced through the educational system? •How is this continuing educational inequality impacting other social institutions? https://www.coursehero.com/tutors-problems/Business/8482024 8482024 Modern Suits Rental has been in business for four years. Because the company has recently had a cash flow problem, management wonders whether there is a problem with receivables or inventories. Here are selected figures from the company’s financial statements (in thousands): 2011 2010 2009 2008 Net sales 2011-$288.0 2010-$224.0 2009-$192.0 2008-$160.0 Cost of goods sold 2011-180.0 2010-144.0 2009-120.0 2008-96.0 Accounts receivable (net) 2011-48.0 2010-40.0 2009-32.0 2008-24.0 Merchandise inventory 2011-56.0 2010-44.0 2009-32.0 2008-20.0 Accounts payable 2011-26.0 2010-20.0 2009-16.0 2008-10.0 Compute the receivable turnover, inventory turnover, and payables turnover for each of the four years, and comment on the results relative to the cash flow prob- lem that the firm has been experiencing. Merchandise inventory was $22,000, accounts receivable were $22,000, and accounts payable were $8,000 in 2007. (Round computations to one decimal place.) I have all of the answers except the receivable turnover and inventory turnover for the 4 years. I have attached the document that I have completed so far.Year Receivable Turnover Inventory Turnover Payables Turnover Net Sales / Avg Accts Receivable COGS / Avg Inventory COGS +/- Chng in Inv / Avg Accts Payable 2008: $160 = 7.0 times $160 = 4.6 times $160 $96 - $2 = 10.4 times ( $24 + $22 ) / 2 ( $20 + $22 ) / 2 ( $10 + $8 ) / 2 2009: $160 = 6.9 times $160 = 4.6 times $160 $120 + $12 = 10.2 times ( $32 + $24 ) / 2 ( $32 + $20 ) / 2 ( $16 + $10 ) / 2 2010: $160 = 6.2 times $160 = 3.8 times $160 $144 + $12 = 8.7 times ( $40 + $32 ) / 2 ( $44 + $32 ) / 2 ( $20 + $16 ) / 2 2011: $160 = 6.5 times $160 = 3.6 times $160 $180 + $12 = 8.3 times ( $48 + $40 ) / 2 ( $56 + $44 ) / 2 ( $26 + $20 ) / 2 Clearly Modern Suits Rental is carrying too much inventory for its level of business. The inventory turnover ratio has declined from 4.6 times to 3.6 times, which means the company has been investing increasing amounts of cash in inventory. The company can improve its cash flow by reducing inventory. Also, payables turnover decreased, which means the company is paying its bil s in less time. Management should investigate obtaining bet er terms from suppliers. The receivable turnover, on the other hand, has remained relatively constant over the four years. Though it might be improved, it has not worsened significantly. https://www.coursehero.com/tutors-problems/Business/8482028 8482028 V. Eastman Kodak filed for a bankruptcy in January 2012. Using our analytical framework of nine areas of interest introduced in class explain the main causes of the company’s misfortunes https://www.coursehero.com/tutors-problems/Business/8482032 8482032 #2) see attachment please https://www.coursehero.com/tutors-problems/Business/8482048 8482048 you have been hired to organize and manage the 2014 gubernational campaign for jane 'bitzi' . grand daughter of governor in 1954 in texas.she was born and raised in w tx.divorvce d with 2 grown daughter she started her own software company in Dallas 1993.Based on geography, economy political culture of tx, advise her on how to run her campaign. https://www.coursehero.com/tutors-problems/Business/8482052 8482052 in which two situations should you uses structure english? https://www.coursehero.com/tutors-problems/Business/8482060 8482060 What is the acceleration of a 56 kg block of cement when pulled sideways with a net force of 526 N? https://www.coursehero.com/tutors-problems/Business/8482062 8482062 A company is considering two mutually exclusive expansion plans. Plan A requires a $41 million expenditure on a large-scale integrated plant that would provide expected cash flows of $6.55 million per year for 20 years. Plan B requires a $13 million expenditure to build a somewhat less efficient, more labor-intensive plant with an expected cash flow of $2.91 million per year for 20 years. The firm's WACC is 11%. Calculate each project's NPV. Round your answers to two decimal places. Enter your answers in millions. For example, an answer of $10,550,000 should be entered as 10.55. Plan A $ million Plan B $ million Calculate each project's IRR. Round your answer to two decimal places. Plan A % Plan B % Graph the NPV profiles for Plan A and Plan B and approximate the crossover rate to the nearest percent. % Calculate the crossover rate where the two projects' NPVs are equal. Round your answer to the nearest hundredth. % https://www.coursehero.com/tutors-problems/Business/8482068 8482068 Provide one example each of a workforce scheduling, a blending, and a logistics linear optimization problem not discussed in the Render et al (2011). What is being optimized in each of your examples and why? https://www.coursehero.com/tutors-problems/Business/8482070 8482070 Capstone Project Ideas for MBA, I need project ideas? I NEED some ideas with details on how to proceed with the ideas that is going to be provided ? Thank you. A capstone project is a large project that is meant to be the final piece of an graduate degree. It will usually require a great deal of research and effort, and is supervised by a professor or teacher. https://www.coursehero.com/tutors-problems/Business/8482072 8482072 Project K costs $60,728.66, its expected cash inflows are $13,000 per year for 9 years, and its WACC is 11%. What is the project's IRR? Round your answer to two decimal places. https://www.coursehero.com/tutors-problems/Business/8482074 8482074 Write a summary of a paper outline...Robin Hood. It should include introduction, current performance, future outlook, improvement strategies, conclusion and recommendation and appendix. It should be a page and half. https://www.coursehero.com/tutors-problems/Business/8482082 8482082 I am presently retired but I will discuss one of my previous employments. I worked for Holland America Cruise line in Alaska commonly known as Gray Line of Alaska. The company’s mission statement was “through excellence we create once-in-a-lifetime experiences every time.” The company provided tour packages that highlighted the many attractions of Southeast Alaska. One of the most popular shore excursions is Saxman Native Village located on Revillagigado Island, the location of the Tlingit Indian Tribe who are the original settlers of Southeast Alaska. First you view a short video that introduces you to the culture and history of Saxman. Secondly, the tourists are enlightened by the true culture of the Tlingit Indians through native dancing and carving of Totem Poles. Many of the brochures of Alaska state that Saxman Native Village has one of the largest gatherings of totems in the world. The major concern was to achieve its mission while creating the greatest demand for the Holland American’s Cruise Line tours and excursions. The desired goal was for tourist to prefer Holland America Cruise Line over its competitors Princes, Carnival, and Celebrity Cruise Line for their vacation excursions. The survey research approach was used to find out what their customers desired, liked and disliked. This was accomplished by passing out small brief survey cards to the clients (tourist) after the tours while the experience was still fresh in their minds. The customer feedback allowed the company to enhance its programs for improved customer satisfaction. Once the data obtained from the survey was compiled then analyze the company knew rather they should increase training, eliminate tours or dismiss some personnel. Because we consistently stayed busy and remained the tours of choice, we felt that we were using the optimal marketing action had been taken to achieve the mission. Understand that at that time computer generated requests were not used by the organization, and we were in a more rural area of Alaska where reception was not the best. https://www.coursehero.com/tutors-problems/Business/8482084 8482084 midterm exam for MG371 https://www.coursehero.com/tutors-problems/Business/8482086 8482086 A financial advisor claims that a particular stock earned a total return of 10% last year. During the year the stock price rose from $30 to $32.50. What dividend did the stock pay? https://www.coursehero.com/tutors-problems/Business/8482088 8482088 I need answer all questionsCase Study Wk #3: A Free Lunch? Zippy Quick, in his bright suit and straw hat, walked briskly into the large building complex to see the superintendent (Super) about her heating, ventilating, and air conditioning (HVAC) equipment. Zippy said “How’d you like to hear my scheme for you to make money from nothing and then end up with some new equipment that you can effectively use?” Well, the Super was interested but suspicious. “What do you mean, I have to put up no money and end up with new equipment I can keep?” “Correct, I’d have the specialists come in here and do the installation and startup of the equipment. You pay nothing, AND, you’d be making money in a year.” “Where’s the catch?” exclaimed the Super. “NONE, no catch” said Zippy, “Just sign a three-year contract to split 50/50 any savings the equipment generates on the use of your HVAC equipment plus pay for a service contract for the equipment’s maintenance. We will take out the loan for the equipment and installation and pay off the loan with our share of the savings. After three years the equipment is yours. You’ll only be giving us some of the money you are paying the power company for electricity. The service contract for the equipment is $15,000 per year, but think of your peace of mind!” The Super is suspicious of Zippy, but he seems to know HVAC equipment. The deal he is offering seems to be risk free if she gets a clause in the contract that gets the equipment removed at no cost after the first year if she is not seeing cash flow in excess of $15,000 to cover the maintenance contract. Based on her own research in response to Zippy’s claims and some questions she asks him, she finds the following details to use in trying to evaluate Zippy’s offer: • The combined horsepower (HP) for the fans and blowers in the HVAC system total 400 HP. The system currently runs at capacity 100% of the time. • Most systems are overdesigned. A 10% reduction from maximum speeds is possible without impacting performance if fixed speed motors and controls were originally used to drive the blowers. This system was designed that way. • Zippy claims that with his equipment (variable speed drives and controls for the motors) the system will run at 20% of capacity at least 45% of the time. For example, on nights, weekends, and holidays, there is little need for heating and cooling. • While not part of Zippy’s pitch, running the fans and blowers at less than capacity will extend their life from about 7 years to 10 years, which is also the life for Zippy’s system. • Electricity is currently costing $.12 per kilowatt hour. • All the fans in the HVAC system are centrifugal—thus the effective HP is a cube of the speed (see Figure 17-1). This implies at 90% speed, the required HP is 0.9 3 times the required horsepower at 100% of capacity. Note that at 20% speed, the required HP is actually 10 HP rather than the 3.2 HP predicted by 0.2 3 times 400 HP. • One horsepower requires 748 watts. https://www.coursehero.com/tutors-problems/Business/8482090 8482090 John and Mary each buy a new house for $400,000. Mary pays cash. John borrows the full $400,000 from the bank and pays interest at the market interest rate of 4 percent. Is it correct to say that the cost to Mary of living in her house is less than the cost to John? Why or why not? https://www.coursehero.com/tutors-problems/Business/8482092 8482092 What are morals? Why are personal morals important to the auditor? What impact do the moral values of an audit client have on the performance of the audit? Why does the AICPA have a Code of Professional Conduct? Do the perceived moral and ethical values, or lack thereof, of auditors have an influence on the demand for an independent audit performed by a CPA firm? https://www.coursehero.com/tutors-problems/Business/8482094 8482094 The Xcelerator roller coaster at Knott’s Berry Farm starts at rest and accelerates along a horizontal straight track which is 94.3 meters long. It attains its maximum speed in 1.75 seconds and continues at that speed until it reaches the end of the horizontal section of track after a total time (from the start) of 3.53 s. Find the maximum speed of the roller coaster and its rate of acceleration for the first part of its motion. https://www.coursehero.com/tutors-problems/Business/8482096 8482096 SDJ, Inc., has net working capital of $1,818, current liabilities of $5,769, and inventory of $1,235. What is the current ratio? https://www.coursehero.com/tutors-problems/Business/8482098 8482098 Select the name of an international, publically-traded company which will be the basis of your research paper. https://www.coursehero.com/tutors-problems/Business/8482100 8482100 What's the difference and correlation between weakly stationary and stationary increment? how to verify a process is gaussian process mathematically https://www.coursehero.com/tutors-problems/Business/8482106 8482106 1. What elements in the life and work of Simone Weil, Martin Luther King, Mother Teresa, and some of the characters portrayed in the movies Dr. Ambrosio mentions speak to you most effectively about the qualities of the secular saint? 2. How does Simone Weil's view of justice demonstrate a rooting in Greek philosophy? Can you find a similar rootedness in the articulations of the idea of justice in the lives and work of Martin Luther King and Mother Teresa? https://www.coursehero.com/tutors-problems/Business/8482108 8482108 Q1. A motor transport company has 50 similar buses. The management suspects that its control of these vehicles is inadequate. What suggestions could you make for investigating vehicle use, and tightening managerial control over the company? Q2. The income distribution of a sample of 50 MTN subscribers in the Lagos area is as follows: Income Number of (N’000s) Subscribers 20 – 30 20 31 – 41 15 42 – 52 10 53 – 63 5 (a) Compute the arithmetic mean of the subscribers’ incomes (b) Compute the modal and median incomes Q3. The construction costs (N’000s) and selling prices (N’000s) of new houses in the Coal City were as follows in 1988: Cost/House Selling Price Number of Houses 30 – 40 45 – 55 181 41 – 51 56 – 66 326 52 – 62 67 – 77 300 63 – 73 78 – 88 175 (a) Find the median cost of houses at Coal City in 1988 (b) Find the modal selling price of houses at Coal City in 1988 Q4. A distribution of data about the sales reps’ salaries per month is found to have an arithmetic mean of N60,000, with standard deviation of N15,000 and a coefficient of skewness of 0.92. Explain what these terms mean in describing the distribution of the sales reps’ salaries. Q5. A marketing research analyst collects data for a random sample of 100 customers out of the 400 who purchased a particular “coupon special”. The 100 customers spent an average of N25 in the store with a standard deviation of N6. The marketing manager had claimed that the average purchase by those responding to the coupon offer would be at least N20. Can this claim be rejected at a 1 percent level of significance? Q6. A sample survey of users of public libraries was conducted to investigate the reading habits of men and women. The results are as follows: Type of Literature Preferred Fiction Non Fiction Total Men 132 102 234 Women 168 98 266 TOTAL 300 200 500 Test at 5 percent level to see if there is any evidence that women show greater preference for fiction than men. Q7. A firm has tendered for two independent contracts. It estimates that it has probability 0.4 of obtaining contract A, and probability 0.1 of obtaining contract B. Find the probability that the firm: (a) Obtains both contracts (b) Obtains neither of the contracts (c) Obtains exactly one contract. Q8. A and B are two intersecting sets, and a, b, ab, and x represent the usual symbols for the number of elements contained in the four defined areas of the associated Venn Diagram. Find the values of ab and a if: n(A) = 28; a + b = 36; x = 48. The number of elements in the universal set is 96.

 

Q9. A firm keeps account for 28 customers. 12 of these are defined as new customers and 14 are locally based. If just 3 new customers live locally, how many established customers do not live locally?

 

 

Q10. A haulage contractor has two loads to deliver to separate customers. He has 4 trailers of which 2 are new. If the trailers are randomly chosen for any particular delivery:

 

(a) In how many ways can the trailers be allocated the deliveries?

 

(b) In how many ways can the trailers be allocated the deliveries such that exactly one new trailer is used?

 

(c) What is the probability that exactly one new trailer is used?

 

 

Q11. The data given below represent the annual gross revenue (N’millions) obtained by a telephone company over the periods 1987 – 1996:

 

 

Year Gross Revenue (N’million)

 

1987 13.0

 

1988 14.1

 

1989 15.7

 

1990 17.0

 

1991 18.4

 

1992 20.9

 

1993 23.5

 

1994 26.2

 

1995 29.0

 

1996 32.8

 

 

(a) Plot the data on a graph paper

 

(b) Fit a least-squares trend line to the data and plot the line on your graph

 

(c) What are your trend forecasts for the years 1999, 2001, 200, and 2006?

 

 

Q12. The following data present the gross income of a given category of family compared with the Retail Price Index over a seven year period:

 

 

Year: 1998 1999 2000 2003 2004 2005 2006

 

Family

 

Income

 

(N’000s): 10000 12105 12809 13600 13911 14001 14500

 

Retail

 

Price

 

Index: 134.8 157.1 182.0 197.1 223.5 263.7 295.0

 

 

(a) Compute the indices of real gross income (1998 = 100)

 

(b) Compute the indices of real gross income using the Retail Price Index as indicator.

 

 

Q13. A survey of household expenditures shows the following changes over the same week in each of three years for an average family:

 

 

Item Unit Quantity Price

 

Purchased (N)

 

 

Year 1 Year 2 Year 3 Year 1 Year 2 Year 3

 

Sugar kg 4kg 6kg 2kg 120 128 150

 

Bread Loaf 4 10 15 100 120 180

 

Tea kg 0.5 1.2 3.0 60 65 90

 

Milk Pint 25 30 25 68 72 100

 

Butter kg 2 5 8 200 205 260

 

 

(a) Using year 1 as the base period, compute index numbers for years 2 and 3, using the Laspeyres method.

 

(b) State and explain whether a survey based on these items represents a reasonable assessment of changes in the cost of food over the three years.

 

 

 

*********** * THE END************

 

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