For each scenario, determine which bias is preventing a price index constructed 15 years ago from measuring the true cost of living. a. A typical family owns more cell phones and fewer landline telephones than it did a decade ago. The average price of a cell phone plan is lower than that of a residential line. The bias represented in this scenario is . b. Very few households had high-speed internet connections 15 years ago. Now most households have it, and the average price has fallen each year. The bias represented in this scenario is . c. Over the last 15 years, personal computers have gotten faster and acquired many new features that enable users to perform many more tasks. The bias represented in this scenario is
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Business, 22.06.2019 02:20
Archangel manufacturing calculated a predetermined overhead allocation rate at the beginning of the year based on a percentage of direct labor costs. the production details for the year are given below. calculate the manufacturing overhead allocation rate for the year based on the above data. (round your final answer to two decimal places.) a) 42.42% b) 257.14% c) 235.71% d) 1, 206.90% archangel production details.
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Business, 22.06.2019 10:30
How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.
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Business, 22.06.2019 15:20
On january 2, 2018, bering co. disposes of a machine costing $34,100 with accumulated depreciation of $18,369. prepare the entries to record the disposal under each of the following separate assumptions. exercise 8-24a part 2 2. the machine is traded in for a newer machine having a $50,600 cash price. a $16,238 trade-in allowance is received, and the balance is paid in cash. assume the asset exchange has commercial substance.
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For each scenario, determine which bias is preventing a price index constructed 15 years ago from me...
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