Answer:
- 2017 Price Index is 100
- 2018 Price Index is 111
Explanation:
The Price Index for any given Base year is always 100. 2017 is staed to be the base year so it's price index is 100.
2018
The Student Price Index can be calculated using the formula;
SPI = 
= 
* 100
= 
= 111.21
= 111
The answer would be 7152. maybe hope it helps
Answer:
The journals entry to record depreciation on the equipment for 2016 will be:
Debit Depreciation expense $14,000
Credit Accumulated depreciation $14,000
<em>(To record depreciation expense for Year 2016)</em>
Explanation:
Under straight-line method, depreciation expense is (cost - residual value) / Estimated useful life = ($150,000 - $10,000) / 10 years = $14,000 yearly depreciation expense. This applies to Years 2015 and 2016.
The change in the estimate in Year 2017 will not affect the depreciation expense for 2016 based on the previous parameters,
Answer:
40%
Explanation:
The index of openness measures how much a country is exposed to international trade. It is calculated by this formula:
Index of Openness= (Exports(X)+Imports (M))/GDP
Index of Openness= (2 billion+2 billion )/10 billion
Index of Openness= 0,4*100=40%
