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aliya0001 [1]
2 years ago
6

or each of the following items, indicate to which major group of the CPI the item belongs: a. Tuition payments to your universit

y: b. A new desk for your dorm room or apartment: c. An airline ticket to Florida to be used during spring break: d. A 12-pack of beer to be used during spring break: e. Tickets to a local concert: f. A late night visit to the emergency room:
Business
1 answer:
sergiy2304 [10]2 years ago
5 0

Answer:

a. education; b. housing; c. transportation; d. food and beverages; e. recreation; f. medical care

Explanation:

CPI or consumer price index represents the costs of basket of goods and services across the country on monthly basis and includes the following categories:

  1. housing
  2. apparel
  3. transportation
  4. education and communication
  5. other goods and services
  6. recreation
  7. medical care
  8. food and beverages

a. Education

b. housing

c. transportation

d. food and beverages

e. recreation

f. medical care

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Foster, Inc., purchased a truck by paying $5,000 and borrowing the remaining $30,000 required to complete the transaction. Ident
Sedaia [141]

Answer:

Foster Inc.'s assets will decrease by a net amount of $30,000.

The Company's liabilities will increase by $30,000.

Explanation:

The price of the assert is $5,000 + $30,000 = $35,000

this means that the company's fixed assets will increase by $35,000, but since cash is decreasing by $5,000, the net change will be only $30,000

the amount of the loan = $30,000

this means that the company's liabilities will increase by $30,000

5 0
2 years ago
After suffering a debilitating injury, Ahmad (47) retired on disability after teaching high-school math for several years. He ha
VMariaS [17]

Answer:

Ahmad must report his disability payments as income.

Explanation:

Disability payments are taxable only if the insurance premium was paid by Ahmad's employer (which happened in this case). If Ahmad had paid the premium himself, then the disability premiums would not be considered income. If the premiums had been paid by both Ahmad and his employer, then only the proportion paid by Ahmad's employer would have been taxed.

4 0
2 years ago
Tara is responsible for the strategic planning retail planning process in her organization. She has identified the strategic opp
Stells [14]

Answer:

A. Evaluate strategic opportunities.

Explanation:

In strategic retail planning the steps begin with definition of business mission, conduct situation analysis, identify strategic opportunities, and the next stage is to evaluate the strategic opportunities.

In the evaluation stage we look at how feasible a strategic opportunity is. A choice is made between different alternatives to come up with the best choice for the business.

6 0
2 years ago
Sydney wins a prize. She has a choice of receiving a payment of $160,000 immediately or of receiving a deferred perpetuity with
Mamont248 [21]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

She has a choice of receiving a payment of $160,000 immediately or of receiving deferred perpetuity with $10,000 annual payments, the first payment occurring in exactly four years.

A) i= 5%

First, we need to determine the value of the perpetuity four years from now.

Perpetuity= 10,000/0.05= 200,000

Now, we can calculate the present value:

PV= 200,000/(1.05^4)= $164,540.50

B) i= 6%

Perpetuity= 10,000/0.06= $166,666.67

PV= $166,666.67/1.06^4= $132,015.61

C) She should consider her necessities of cash and the value of the products she can purchase now.

5 0
3 years ago
True or False:If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is an inferior good.
hodyreva [135]
False. 

If the price of a product goes up by 10% and the quantity demanded goes up by 20% the product is a GIFFEN GOOD. 

An inferior good is a good that decreases in demand if income increases. These are the goods that people opt not to buy when their purchasing power increases.
5 0
3 years ago
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