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NNADVOKAT [17]
3 years ago
11

Price indexes can be used to compare prices across different periods. Suppose that a year of tuition for college at public insti

tutions averaged a cost of ​$1 comma 834 in 1989 and that the CPI index was 117 in 1989. If the CPI index was 229 in​ 2009, then the cost of tuition in​ 2009, as the result of​ inflation, would equal ​$ nothing. ​(Enter your response rounded to the nearest whole​ number.)
Business
1 answer:
DerKrebs [107]3 years ago
8 0

Answer:

According to consumer price index a tuiton of 1,834 in 1989 is worth: $3,591.58 in 2009

Explanation:

To convert a past price into future we do as follow:

\frac{CPI_{2009}}{CPI_{1989}}

229/117 = 1.9572649

Then, we multiply the past amount by this multiplier to get the value in todays dollars:

1,835 x 1.9572649 = 3,591.581 = 3,591.58

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Answer:

$2.25

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3 years ago
Vertical space can be utilized to gain more storage space?<br> True or False
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Each of the following items must be considered in preparing a statement of cash flows. Indicate where each item is to be reporte
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Answer:

(a) Operating activity

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Explanation:

Basically there are three types of activities:

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2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.  

So,

(a) Increase in accounts receivable come under the operating activities, and this is to be in a negative amount

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) A price change would have the largest income effect on a A) magazine. B) tablet computer. C) piece of clothing. D) car.
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Answer:

d

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