CPI (Consumer Price Index) is a measure of changes in prices paid by consumers for goods and services. It is used to estimate the changes in prices.
Therefore;
Change in prices = (CPI in current year - CPI in base year)/CPI in base year
Substituting for the values given in the current problem
Changes in prices = (108-100)/100 = 8/100 = 0.08 or 8%.
This shows that prices increased by 8% in the current year compared to the base year.
Answer:
Correct option is (c)
Explanation:
An accountant will record only those cost in the financial statements that have incurred on account of carrying out the business.
In this case, option (a) and (b) are opportunity cost of carrying out shoe shine business. These are the income that John could have earned if he did not start shoe-shine business.
Cost of shoe polish is an operating expense incurred to run his shoe-shine business. So this cost will be included by the accountant in the financial statements.
Answer:
A. Opinion Leaders
Explanation:
Opinion leaders are individuals whose opinions and thoughts towards a product or service has a big influence on the position of others concerning where they stand about the product. They are influencers because they are able to influence people by their opinions. The leader is able to change and determine other people behavior according to their own preferences. In this case, the manager hopes that the actors wearing the prototype can have a positive impact by being opinion leaders and influencing other people to buy the product.
Answer:
earned by selling goods or services to customers.
Explanation:
Revenues are earned by selling goods or services to customers.
This ultimately implies that, revenues are typically the income that are being generated from the provision of goods and services to meet the needs or wants of customers, as well as discounts and deductions for returned products.
<em>Generally, revenues forms the first line item reported on the income statement or is the beginning of an income statement</em>.
