Answer:
Both statements I and III are correct.
Explanation:
<u>1.Construct a zero investment portfolio that will yield a sure profit
</u>
<u>
</u>
<u>3.Make simultaneous trades in two markets without any net investments</u>
 
        
             
        
        
        
Answer:
$3,918
Explanation:
Calculation the cost of inventory as of June 30
Purchases [$4,100+1000]	$5100
(Less): Returns	($1100)
(Less): Discount [4100 x 2%]	($82)
Cost of inventory	$3,918
Therefore the cost of inventory as of June 30 will be $3,918
 
        
             
        
        
        
Answer:
The consumer price index is used to measure the quantity of goods and services that the economy is producing.
Explanation:
CPI  or consumer price index is a measure of changes in the average prices of a basket of products and services in a given time. The selected goods and services are a fair representation of consumption expenditure in the economy. Economists use the CPI as a Macroeconomic indicator of inflation.
As a measure of inflation, the CPI statistics communicate increases or decreases in the prices of goods and services in the economy. It forms a basis for policy decisions by the government that aid in the prevention of reduced purchasing power of the dollar.  CPI is all about changes in prices and nothing to do with the production of goods and services. 
 
        
             
        
        
        
I think the correct answer would be false. The automobile will remain the primary source of transportation. As we can see today, almost all of the people use automobile to go to different places. As we see in the road, different vehicles are present. Also, the automobile industry, recently, is a booming industry. We have different models, colors, brands and specifications of the vehicles. I think the use of automobiles as the primary source of transportation would still go for many years as it is the most convenient and comfortable transportation as compared to others like bicycle, train and motorcycle.
        
             
        
        
        
Answer:
$198,000 and $0
Explanation:
The calculation is shown below:
The Cost of the land is 
= Purchase price +  Real estate commissions + Legal fees + Expenses of clearing the land + Expenses to remove old building
= $178,000 + $15,300 + $1,100 + $2,300 + $1,300
= $198,000
As the property is buy for the building site so here no cost will be recognized and allocated to the new building cost
hence, it would be zero