We can calculate the total inflation rate in an easily understandable manner. The total inflation rate is the total rate of change of the consumer price index (CPI) over a certain given period of time.
<h3>What is inflation?</h3>
A general increase in the prices of goods and services in an economy can be called Inflation. Whenever the general price level rises, each unit of currency purchases fewer goods and services; simultaneously, inflation accords to a reduction in the purchasing power of money.
The total inflation is calculated using this given formula:
((Target Year – Base Year) ÷ Base Year) x 100
Thus, the Total inflation rate refers to the total rate of change of the consumer price index (CPI) over a certain given period of time.
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True ................................
Answer:
Option B.
Explanation:
Qualitative Research refers to a primarily exploratory research which is used in gaining an understanding about underlying reasons, opinions, and motivations. It is used in providing insights into the problem or helps to develop ideas or hypotheses for potential quantitative research.
The analysis of qualitative research notes begins while the account of the data is being taken, usually on the field, and at the time of observation, interviewing, or both. This is done as the researcher identifies problems and issues that will likely help in understanding the situation.
An important step in the analytic process can be by simply reading the notes or transcripts.
Answer: <em><u> $56,000 is unadjusted revenue overstated in the combined income statement for year 2.</u></em>
Explanation:
Consolidated Cost of Goods Sold = $40,000,
However, Twill realizes $56,000 ($40,000 × 140%) for a total of $96,000 as the cost of goods sold.
Thus, $56,000[$96,000 – $40,000] should be eliminated from Cost of Goods Sold in the combined income statement for year 2.
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