Government survey takers determine that typical family expenditures each month in the year designated as the base year are as follows:
• 25 pizzas, $10 each
• apartment rent, $600 per month
• gasoline and car maintenance, $100 per month
• phone service (basic service plus 10 long-distance calls), $50 per month
in the year following the base year, the survey takers determine that pizzas have risen to $11 each, apartment rent is $610, gasoline and maintenance costs are $115, and phone service has dropped in price to $40.
instructions: enter your responses by rounding the cpi to three decimal places and the rate of inflation to one decimal place. a. find the cpi in the subsequent year and the rate of inflation between the base year and the subsequent year.
cpi: .
rate of inflation: %.
b. the family’s nominal income rose by 5 percent between the base year and the subsequent year. are they worse off or better off in terms of what their income is able to buy?
the family is (click to select)still in the same positionbetter offworse off.

Acompany set up a petty cash fund with $800. the disbursements are as follows: office supplies $300 shipping $50 postage $30 delivery expense $350 to create the fund, which account should be credited? a. postage b. cash at bank c. supplies d. petty cash

What should a food worker use to retrieve ice from an ice machine?

Fred smithers, a recent college graduate decided to open his own portable juice bar, smithers smoothies, to wheel around newport beach. you, a trusted friend of fred, are a business major that has also recently graduated and agreed to handle the books for a while to get some practical experience and have a favor that you can ask of fred in the future. given the following five transactions concerning the new venture, prepare the necessary journal entries for the transactions, post the journal entries to appropriate t accounts and prepare a trial balance as of the end of the month in order to answer to the necessary may 2: fred invests $12,000 of his own money to start the new company. this money was obtained from a part-time job working at a legal firm while he was in school. may 3: fred spent $5,100 cash to purchase a refrigerated trailer that he can pull behind his car and set up at the beach. under your advice, fred agrees to place the new asset under an account called "equipment." may 6: fred bought $640 of supplies on account from the flav-o-rite confectioners company. because they will last longer than a single accounting period fred agrees to record them as, "supplies" as per your suggestion. may 13: fred sat on the beach for six hours without a single sale and was feeling very down. right before he left, however, a plumber escorting his family reunion along the beach stopped by his stand and bought $800 worth of smoothies for the entire family. under your advice, fred agrees to call this cash revenue, "sales." may 15: excited about his new venture, fred withdraws $350 from the company to take his girlfriend out to dinner. what would be the balance in the cash account at the end of the period following the posting of all the transactions?