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Oliga [24]
2 years ago
15

Assume that the current price of a market basket of goods is $2,500 and the base year price of the same market basket is $2,000.

The current price index is
A. 2500.
B. 125.
C. 200.
D. 250.
Business
1 answer:
ioda2 years ago
3 0

Answer:

The correct answer is B.

Explanation:

Giving the following information:

The current price of a market basket of goods is $2,500 and the base year price of the same market basket is $2,000.

To calculate the price index we need to make a simple division:

Price index= P1/P0

PI= 2,500/2,000= 1.25*100= 125%

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Diano4ka-milaya [45]

Answer:

Cash account balance $5,680

- bank service fees ($47)

- NSF check ($190)

+ customer's note receivable $560

<u>+ interest earned $66                    </u>

adjusted cash account balance $6,069

Dr Bank fees expense 47

    Cr Cash 47

Dr Accounts receivable 190

    Cr Cash 190

Dr Cash 560

    Cr Notes receivable 560

Dr Cash 66

    Cr Interest revenue 66

7 0
3 years ago
In accounting, currency, coins, checks, money orders, and funds on deposit in a bank are recorded in?
Dafna1 [17]

In accounting, currency, coins, checks, money orders, and funds on deposit in a bank are recorded in cash.

<h3>What is cash in a bank in accounting?</h3>
  • Cash in Bank refers to the current balance in checking or savings accounts or other accounts of a similar nature held in the name of the company or business requesting the certificate. Do not include amounts from personal bank accounts or retirement accounts.
  • Every month, the bank will normally send the account holder an official bank statement that lists all of the transactions that occurred on the account that month. Account information can be found on bank statements, including account numbers and a thorough list of deposits and withdrawals.
  • There are three different forms of accounting transactions based on the exchange of money: cash transactions, non-cash transactions, and credit transactions.

In accounting, currency, coins, checks, money orders, and funds on deposit in a bank are recorded in cash.

To learn more about bank accounts, refer to:

brainly.com/question/24179665

#SPJ4

8 0
1 year ago
​the progressive insurance ad campaign knows that the average person in the target market is exposed to the message 13 times in
Sindrei [870]
This measures frequency, as it states that number of times the target gets to see the message
8 0
3 years ago
The CFO of company ABC wants to give every employee a 3% raise, but would like a report to confirm if this is possible. Write an
katrin [286]

Answer:

For such a report , the sql query required would be:

SELECT emp_id, curr_salary, curr_salary*1.03 AS inc_salary FROM Employee;

Explanation:

For such a report , the sql query required would be:

SELECT emp_id, curr_salary, curr_salary*1.03 AS inc_salary FROM Employee;

In the above  sql query  employee id is emp_id , curr_salary is the current salary column.  "curr_salary*1.03" is been made because an increment of 3% means salary + salary*3% , that is , salary*1.03.

4 0
3 years ago
Sheffield Corp. is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were
valentina_108 [34]

Answer:

$8,495,833

Explanation:

<u>Calculation of weighted-average accumulated expenditures</u>

Date     Payments    Funds used        Annualized               Amount

Mar 1    $6450000       10/12             $6450000*10/12       $5,375,000

Jun 1    $5350000        7/12              $5350000*7/12         $3,120,833

Dec 31  $8250000       0/12              $$8250000*0/12      <u>$0                </u>

Weighted Average Expenditures                                        <u>$8,495,833</u>

6 0
2 years ago
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