Answer:
c. It shows the purchasing history of citizens by year.
Explanation:
CPI stands for Consumer Price Index. A census in CPI will provide the data about the changes in average price of customers goods and services that's bought by the households in a country.
A government can know the purchasing history of average citizens by examining the changes in these prices. (If the price increases, it usually indicates that more customers purchases that particular product.)
Answer:
The assets of the business must have increased by $49,000.
Explanation:
Every time when a change in any type of account occur it should satisfy the accounting equation as follow:
Asset = Equity + Liabilities
So, the same situation is
Change in Asset = Change in Equity + Change in Liabilities
Change in Asset = -$34,000 + $83,000
Change in Asset = $49,000
So, the net change in the assets will be $49,000. This value is the net of change in the assets section resulting the change due to Equity and liability transaction.
Answer:
$14,400 is the correct answer.
Explanation:
Answer:
1. An Australian company buys steel from a US Firm
Account: Current Account
Direction of Flow: Payment to foreigners
2. The federal reserve buys $252 billion worth euros
Account: Financial Account
Direction of Flow: Payment to foreigner
3. Profit earned by a US based mining company operating in Mexico
Account: Current account
Direction of Flow: Payment from foreigners
4. An English company buy a US confectionary manufacturer
Account: Financial Account
Direction of Flow: Payment from Foreigners
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