Johnson Wholesale Company manufactures a variety of products. The prices and quantities produced for April 2010 and April 2019 are: Product Small motor (each) Scrubbing compound (gallon) Nails (pound) 2010 Price $23.44 Value index 2.66 0.13 2019 Price $28.23 3.95 0.92 2010 Quantity Produced 1,590 86,476 9,082 2019 Quantity Produced 4,287 62,855 22,472 %media:2excel.ext% Click here for the Excel Data File Using April 2010 as the base period, find the value index of goods produced for April 2019. (Round your answer to 2 decimal places.)

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
Publisher:Lynn Marecek
Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.58TI: What is the total effect on the economy of a government tax rebate of $500 to each household in...
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Johnson Wholesale Company manufactures a variety of products. The prices and quantities produced for April 2010 and April 2019
are:
Product
Small motor (each)
Scrubbing compound (gallon)
Nails (pound)
2010
Price
$ 23.44
2.66
0.13
Value index
2019
Price
$28.23
3.95
0.92
2010
Quantity
Produced
1,590
86,476
9,082
2019
Quantity
Produced
4,287
62,855
22,472
%media:2excel.ext% Click here for the Excel Data File
Using April 2010 as the base period, find the value index of goods produced for April 2019. (Round your answer to 2 decimal places.)
Transcribed Image Text:Johnson Wholesale Company manufactures a variety of products. The prices and quantities produced for April 2010 and April 2019 are: Product Small motor (each) Scrubbing compound (gallon) Nails (pound) 2010 Price $ 23.44 2.66 0.13 Value index 2019 Price $28.23 3.95 0.92 2010 Quantity Produced 1,590 86,476 9,082 2019 Quantity Produced 4,287 62,855 22,472 %media:2excel.ext% Click here for the Excel Data File Using April 2010 as the base period, find the value index of goods produced for April 2019. (Round your answer to 2 decimal places.)
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