CPI (Consumer Price Index) is a measure of changes in prices paid by consumers for goods and services. It is used to estimate the changes in prices.
Therefore;
Change in prices = (CPI in current year - CPI in base year)/CPI in base year
Substituting for the values given in the current problem
Changes in prices = (108-100)/100 = 8/100 = 0.08 or 8%.
This shows that prices increased by 8% in the current year compared to the base year.
Answer and Explanation:
1. Petty cash Dr, 150
To Cash account $150
(Being establishment of the fund is recorded)
For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets
2. Office supplies $35
Entertainment expense Dr, $110
To Cash account (balancing figure) $140
To Cash short and over $5 ($150 - $35 - $110)
Here we debited the office supplies and entertainment expense as it increased the expenses and we credited the cash account as it decreased the current assets
3. Petty cash account $150 ($300 - $150)
To Cash account $150
(Being the increase in balance is recorded)
For recording this we debited the petty cash as it increased the current assets and credited the cash as it decreased the value of current assets
Payments is the correct word for the blank
Sales = 509,600
Costs = 448,150
Gross profit = Sales - Costs
Gross profit = 509600-448150 = 61,450
Depreciation expense = 36,100
EBIT = Gross profit - Depreciation
EBIT = 61,450 - 36,100 = 25,350
Interest = 12,400
EBT = EBIT - Interest expense = 25,350 -12,400 = 12,950
Net income = EBT*(1-tax rate)
Net Income = 12,950*(1-0.28) = 9,324
Net Income = $9,324
Answer:
Unprofessional employees are below or contrary to the standards expected in a particular profession.
An unprofessional employees.
The Dress of unprofessional employee is not always smart, and he will always blame others for the mistake, he or she doesn't take to correction.
They have bad manners and play pranks and gossip during work period.
They have poor communication skills and he or she may be stealing from the company
All this are unprofessional employee
