Suppose that in the base period a college student buys 20 gallons of gasoline at $2 per gallon, 2 cds for $13 each, and 4 movie tickets for $7 each. in the next month, the price of gasoline is $2.25 per gallon, cds cost $12.50 each, and the price of a movie ticket is $7.50.(scenario: price index) the price index for the second month is:

(a) 94
(b) 106.4
(c) 100
(d) 101.1

He taylor company sells music systems. each music system costs the company $100 and will be sold to the public for $250. in year one, the company sells 100 gift cards to customers for $250 each ($25,000 in total). these cards are valid for just one year, and company officials expect them to all be redeemed. in year two, only 96 of the cards are returned. what amount of net income does the company report for year two in connection with these cards? a. $15,000b. $15,400c. $15,500d. $15,800

For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. complete parts (a) through (c) below. x (cash prize, $) p(x) grand prizegrand prize 0.000000008860.00000000886 200,000 0.000000390.00000039 10,000 0.0000016950.000001695 100 0.0001582930.000158293 7 0.0039114060.003911406 4 0.0080465690.008046569 3 0.012865710.01286571 0 0.975015928140.97501592814 (a) if the grand prize is $13 comma 000 comma 00013,000,000, find and interpret the expected cash prize. if a ticket costs $1, what is your expected profit from one ticket? the expected cash prize is $nothing.

Personal financial planning is the process of creating and achieving financial goals? true or false