Answer:
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Answer:
To determine the current equivalent cost of a construction built in 1980 whose cost was $ 2.7 million, we must establish the relationship between the price index for that year, comparing it with that of the current year.
Taking into account that the average cost index for 1980 was 1941, and that said value is currently 3620, we can note that there was a significant increase in costs. Since 3620/1941 = 1.86, to determine the current cost of construction we must multiply its cost by 1.86.
So, since 2.7 x 1.86 = 5.022, we can establish that the equivalent cost at current prices of said building would have been $ 5,022,000.
Answer:
The answer is B. is designed to match revenues and expenses.
Explanation:
Accrual Accounting method records revenues and expenses when they are incurred, regardless of when cash is received or paid.
Answer:
highest-value; lowest-cost
Explanation:
Social surplus can be define as the rate, amount of value or utility(which are welfare) a society has gotten from goods and services consumption. It is not not like money or resource.
it is also referred as economic surplus. it is the summation of the sum of consumer surplus and producer surplus. The economic surplus is referred to as welfare package in full
According to the regulations in the united states, the correct way to write
$ 450.05 in words on check would be :
Four hundred fifty and 05/100
hope this helps
