Use the data in Table 1.11 to determine the 1991 cost in 2008 dollars of mailing a
Question:
Use the data in Table 1.11 to determine the 1991 cost in 2008 dollars of mailing a first-class letter. Is this value higher or lower than the actual $0.42 cost of mailing a letter in 2008?
Transcribed Image Text:
Date Introduced First-Class Postage Rates ($) CPI (2008-100) 7/1/1885 11/3/1917 0.02 4.3 0.03 6.0 7/1/1919 0.02 8.2 7/6/1932 0.03 6.4 8/1/1958 0.04 13.6 1/7/1963 0.05 14.4 1/7/1968 0.06 16.4 5/16/1971 0.08 19.0 3/2/1974 0.10 23.2 12/31/1975 0.13 25.3 5/29/1978 0.15 30.7 3/22/1981 0.18 42.8 11/1/1981 0.20 42.8 2/17/1985 0.22 50.7 4/3/1988 0.25 55.7 2/3/1991 0.29 64.3 1/1/1995 0.32 71.7 1/10/1999 0.33 78.4 1/7/2001 0.34 83.3 6/30/2002 0.37 84.7 1/8/2006 0.39 94.9 5/14/2007 0.41 97.1 5/12/2008 0.42 100.0
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
Answer Explanation To determine the 1991 cost in 2008 dollars of mailing a firstclass letter we need ...View the full answer
Answered By
FREDRICK MUSYOKI
Professional Qualities:
Solution-oriented.
Self-motivated.
Excellent problem-solving and critical thinking skills.
Good organization, time management and prioritization.
Efficient troubleshooting abilities.
Tutoring Qualities:
I appreciate students as individuals.
I am used to tailoring resources for individual needs.
I can integrate IT into student's lessons.
I am good at explaining concepts.
I am able to help students progress.
I have a wide curriculum knowledge.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Essential Statistics Regression And Econometrics
ISBN: 9780123822215
1st Edition
Authors: Gary Smith
Question Posted:
Students also viewed these Business questions
-
Ann Carter, Chief Financial Officer of Consolidated Electric Company (Con El), must make a recommendation to Con Els board of directors regarding the firms dividend policy. Con El owns two...
-
Use the data in Table 1.11 to determine the 1971 cost in 2008 dollars of mailing a first-class letter. Is this value higher or lower than the actual $0.42 cost of mailing a letter in 2008? Date...
-
Question: Old MathJax webview Old MathJax webview i need ans of these question but the source is alot Old MathJax webviewOld MathJax webview i need ans of these question but the source is alot these...
-
In an organization that has high employee satisfaction, ______. Multiple choice question. customer interactions are forced and scarce employee turnover is high more positive interactions take place...
-
Nexen Inc. reported the following selected information for the last five years (in millions, except earnings per share): Instructions (a) Calculate Nexen's return on common shareholders' equity (for...
-
Use the following information to answer question. An investor recorded the performance of stock mutual funds during the last 3 years. He classified the stock mutual funds into three categories,...
-
Suppose it is 3:00, and you decide to check your email every 5 hours. What time will it be when you check your email the ninth time?
-
The records of Ellens Boutique report the following data for the month of April. Instructions Compute the ending inventory by the conventional retail inventorymethod. $99,000 Purchases (at cost)...
-
6. Property tax levies are assessed. Total billing for this tax is $775,000. On this date, the assessment is a legally enforceable claim according to the laws of the state. All money to be received...
-
Use the data in Table 1.11 to determine the percentage increase in the CPI between 2007 and 2008. Date Introduced First-Class Postage Rates ($) CPI (2008-100) 7/1/1885 11/3/1917 0.02 4.3 0.03 6.0...
-
Critically evaluate this economic commentary: When it comes to measuring inflation, the average consumer can do a far better job than the economics experts. Over the years I have been using a system...
-
Why is a reverse takeover often immediately followed by a name change of the legal parent corporation?
-
For the series s= n=1 -3n 2e 2 find the minimum N such that the error of the partial sum RN 0.000001 S - SN = Round decimal answers up to nearest whole number. N =
-
On December 28, 2020, Kerr Company purchased goods costing P500,000.The terms were F.O.B. destination.Some of the costs incurred in connection with the sale and delivery of the goods were as follows:...
-
Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one batch are as follows: Direct materials $63,000 Direct labor...
-
4. Assuming ABC allocated overhead more accurately, which products were incorrectly priced using the traditional costing method? What difficulties might result from incorrectly budgeted products?...
-
Would manufacturing supplies, poster and banners and packing and packaging be considered other direct costs?
-
Complete the following table by indicating for (a) through (g) whether the proper answer is debit orcredit. Normal Balance Account Increase Decrease Purchases Purchases Discounts Purchases Returns...
-
PC Contractors, Inc., was an excavating business in Kansas City, Missouri. Union Bank made loans to PC, subject to a perfected security interest in its equipment and other assets, including...
-
Cougar Corporation owns 1,000 shares of Western Corporation common stock, which it purchased on March 8, 2011, for $12,000. On October 3, 2017, Cougar purchases an additional 300 shares for $3,000....
-
During the current year, Troy sells land to Berry Corporation for $165,000. Troy purchased the land for investment in 2002 for $170,000. Berry Corporation is owned as follows: Owner Percentage...
-
PIB Partnership is owned 20% by Sara, 40% by Steve, and 40% by Thann. Burnham, Inc. is owned 70% by PIB Partnership, 10% by Ralph, 10% by Thann, and 10% by Sara. Ralph and Thann are brothers. All...
-
Evaluate the implication of depreciation and its impact on reducing taxes and increasing cash flow for a firm. Chapter 2 of the book must be referenced: Block, S. B., Hirt, G. A., & Danielson, B. R....
-
Select a major ethical issue on Service Firms and Investment Bankscovered in your Chapter 4readings and discuss all of the relevant aspects including but not limed to regulations, laws, common...
-
Week 4 Discussion 1010 unread replies.1010 replies. Our chapter reading this week is an overview of quantitative research. It introduces new terminology and concepts, important for understanding the...
Study smarter with the SolutionInn App