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Answer:
Explanation:
Date. Description/Account. Debit. Credit.
1/1/2020. Unearned Compensation. $69,000
Paid - in Capital in Excess of Par. $69,000
Common stock. $10,000
12/31/2020 Compensation Expense. $23,000
Unearned Compensation. $23,000
The gdp deflector for this year is calculated
Answer:
Tuiton real cost incrased by 640%
Explanation:
We divide the nominal cost of each year by the CPI index to get the real cost on each year (adjusted by inflation)
250 / 0.48 = 520,8333
8,000 / 2.40 = 3.333,33
The real price of tuiton increase from 520.83 to 3,333.33 which stnad for a percentage increase of:
3,333.33 / 520.83 = 6,4 = 640%