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MrMuchimi
3 years ago
7

The mid-1990s saw a rise in the use of mobile phones in the general population. The technology continued to improve in the early

2000s and in the mid-2000s smartphones revolutionized the way people communicated. The technology has changed very rapidly and improved the lives of consumers. With these rapid changes, what would you suspect has happened to the CPI calculation?a. The CPI has overstated the cost of living because of income bias.b. The CPI has understated the cost of living because of quality improvement bias.c. The CPI has overstated the cost of living because of quality improvement bias.
Business
1 answer:
Ber [7]3 years ago
6 0

Answer:

the cpi has understated the cost of living because of quality improvement bias

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elena55 [62]

A popular football player at a college who is able to influence the buying decisions of fans would best be described as a <u>opinion leader influence</u>.

Opinion leaders tends to influence the purchase decisions of consumers. Thus, such consumers will view the opinion leader as having a strong degree of knowledge in regards to the product category.

Opinion Leaders are knowledgeable in their field. As, they are respected and trusted by their followers. Their views carry weight and significance. Thus, through this they influence the buying decisions of their fans.

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2 years ago
Journalize the following transactions of Trapper Jon’s Productions. Assume 360 days in a year.
Sindrei [870]

Answer:

Explanation:

To record note received

On June 23.                                      Debit                          Credit

Notes Receivable                           $48,000                      

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interest revenue = $48,000 x 8%x 90/360

To record dishonored note

On September 21st                        Debit                              Credit

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Interest Revenue                                                                   $960                                                                        

Interest Revenue  $48,960 x 10%x 30/360 = $408

Journal to record Cash Received        

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Accounts Receivable for Radon Express Co             $48,960

Interest                                                                               $408  

                       

4 0
3 years ago
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Answer:

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8 0
3 years ago
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2 years ago
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cestrela7 [59]

Answer:

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Thus, from the above we can conclude that all of the mentioned costs are variable costs as direct labor , bottles and water will all increase as the level of production will increase.

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