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1 year ago

If 51 percent of all goods in the consumer price index (cpi) became more expensive and 49 percent became cheaper?

1 answer:

3 0

If 51 percent of all goods in the Consumer Price Index (CPI) became more expensive and 49 percent became cheaper then inflation or deflation could occur.

Inflation refers to an increase in the overall price level where goods becoming expensive. By calculating changes in a measure called the Consumer Price Index (CPI), the official inflation rate is tracked. Thus, the CPI tracks changes in the cost of living over time.

The CPI is the most commonly referenced index in the U.S. The economy is experiencing deflation when the change in prices in one period is lower than the next. This reveals that the CPI index has declined.

Hence, depending upon the changes in the economy, inflation or deflation could occur.

To learn more about Consumer Price Index (CPI) here:

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Phil used his rental property for personal use for 7 days and rented it for 63 days. In most cases, what percentage of his expen

Nesterboy [21]

Answer: a. 10%

Explanation:

The total number of days the property was used:

= 7 + 63

= 70 days

He used the property for personal use for 7 days out of that:

= 7/70

= 10%

That 10% cannot be deducted as rental expenses because he used these for personal use.

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2 years ago

Most managers get very little uninterrupted time to work on their priority tasks.

Pavlova-9 [17]

True.

This is because managers are responsible for the overall performance of a branch and its personnel. Managers have people under their supervision and any problem that may arise in the course of a business day, they have to deal and solve in as little amount of time as possible.

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3 years ago

Read 2 more answers

Shout Magazine focuses its marketing efforts on reaching teen-aged girls interested in fashion and celebrity culture. The firm b

Lelechka [254]

Considering the situation described above, Shout utilizes the strategy of Concentrated Marketing.

Concentrated Marketing is a type of Marketing strategy whereby firms or companies direct all endeavors and resources to develop and market a product for a particular target group segment.

Thus, when Shout Magazine focuses its marketing efforts on reaching teenaged girls interested in fashion and celebrity culture, this is a form of Concentrated Marketing.

Concentrated Marketing is often referred to as Niche Marketing, and it is considered more effective in small businesses.

Hence, in this case, it is concluded that the correct answer is "Concentrated Marketing."

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2 years ago

Suppose the government imposes a 20-cent tax on the sellers of artificially-sweetened beverages. The tax would shift a. demand,

Sedbober [7]

Answer:

b. supply, raising the equilibrium price and lowering the equilibrium quantity in the market for artificially sweetened beverages.

Explanation:

In the case when the government impose the tax of 20% on sweetened beverages so here the price should be increased but at the same time the quantity is decreased as the supply curve shifted to the leftward where the demand curve is not impacted at all due to this things the price increased and the demand is decreased

Therefore the option b is correct

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2 years ago

Use the following information to answer the next two questions: Q14 and Q15. The Cavallas Co. had the following balances in sele

Annette [7]

Answer:

Debit bad debt with $4,000, and credit Accounts receivable also with $4,000.

Explanation:

New bad written off = Accounts receivable × 4% = $100,000 × 4% = $4,000

The journal entries will be as follows:

Details Dr ($) Cr ($)

Bad debt 4,000

Accounts receivable 4,000

Being a bad written off the accounts receivable

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2 years ago