Determine whether or not this statement makes sense and explain: "Gas prices jumped by 1% in January and 1% in February, so the increase in gas prices over the two months was 2%."

The average price of a gallon of gas in 2015 dropped $0.94 (28 percent) from $3.34 in 2014 (to $2.40 in 2015). Let’s see whether these changes are reflected in the income statement of Insignia Corporation for the year ended December 31, 2015 (amounts in billions).   2015 2014 Revenues   $ 245     $ 258   Cost of Purchased Crude Oil and Products     125       131   Other Operating Costs     61       55   Income before Income Tax Expense     59       72   Income Tax Expense     28       35   Net Income   $ 31     $ 37      Required: Compute the gross profit percentage for each year. Assuming that the change from 2014 to 2015 is the beginning of a sustained trend, is Insignia likely to earn more or less gross profit from each dollar of sales in 2016? Compute the net profit margin for each year. Given your calculations here and in requirement 1, explain whether Insignia did a better or worse job of controlling expenses other than the costs of crude oil and products in…

With an assumption that the volatility of Waste Management (WM) is 1.86% per day, corresponding to ______ per week, ______ per month, and ______ per year.   A.   4.16%  /  8.52%  / 35.54%   B.   4.16%  /  8.52%  /  29.53%   C.   4.16%  /  10.19%  /  35.54%   D.   4.92%  /  10.19%  /  29.53%

During the Post-WWII “Baby Boom” from 1946-1970, US GDP grew by an annualized _____ per year; in annualized percentage terms this is most likely the largest 25-year period of economic growth ever. (a) 2.3% (b) 3.2% (c) 6.7% (d) 7.6% (e) 9.2%