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m_a_m_a [10]
3 years ago
7

The CPI for this year is calculated by dividing thevalue of all goods and services produced in the economy this year using this

year’s prices by thevalue of all goods and services produced in the economy this year using the base year’s prices and multiplying by 100. However, the GDP deflator reflects only the prices of all goods and servicesbought by consumers .
Business
1 answer:
mars1129 [50]3 years ago
6 0

Answer:

False

Explanation:

The consumer price index (CPI) is calculated by using a basket of goods, not all the goods and services produced in the year.

The CPI formula = (current price of CPI basket / base period's price of CPI basket) × 100

When we compare current CPI with last year's CPI we can calculate the inflation rate for the year.

The GDP deflator is also used to calculate the inflation rate. The main difference with the CPI is that the CPI might include foreign goods while the GDP deflator doesn't include foreign goods. Usually the deflator and the CPI are the same, but theoretically they could be different, but in general practice they are not.

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If actual overhead is greater than applied manufacturing overhead, then manufacturing overhead is: Select one:
raketka [301]

Answer:

a. under applied.

Explanation:

For computing, whether it is under applied or over applied first, we have to compute the predetermined overhead rate. The formula is shown below:

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours)

Now we have to find the applied overhead which equal to

= Actual direct labor-hours × predetermined overhead rate

So, the ending overhead equals to

= Actual manufacturing overhead - applied overhead

= under-applied  

If actual overhead is more than the applied overhead

3 0
3 years ago
Which two key considerations should be made to make sure the performance of the report is not degraded due to large data volume?
fgiga [73]

B. A number of joins used in report query.

C. A number of records returned by report query.

Explanation:

A report on the results of something is a survey. These are generated annually by government bodies that have to prove that the money was spent correctly and accurately, funded by public money.

Such reports should include metrics of success that assess the organization's accomplishments and its services. The statistics that, for instance, show the number of arrests, number of convictions by category of crime and the increase in crime rates for a police department.

5 0
3 years ago
Clear Co.’s trial balance has the following selected accounts: Cash (includes $10,000 in bond-sinking fund for long-term bond pa
Tasya [4]

Answer:

Explanation:

The computation of the amount that is reported as a total current assets is presented below:

                                                    Clear Co's

Current assets

Cash                                                  $40,000   ($50,000 - $10,000)

Accounts Receivable                       $20,000

less-Allowance for doubtful debts - $5,000

Deposits from customers                 $3,000

Merchandise Inventory                     $7,000

Unearned rent                                    $1,000

Investment in trading debt securities $2,000

Total amount                                      $68,000

6 0
3 years ago
An important qualitative factor to consider regarding a special order is the:
xeze [42]

Answer:

Correct answer is (d)

Explanation:

effect the sale of special-order units will have on existing customers

4 0
3 years ago
Alton Co. had a cash balance of $32,300 recorded in its general ledger at the end of the month, prior to receiving its bank stat
Maurinko [17]

Answer:

$32,432

Explanation:

Cash balance per cash book                                 $32,300

Bank service charge                                                        (15)

Returned check                                                               120

Correction of Deposit                                             <u>          27</u>

Adjusted cash balance per general ledger          <u>  32,432 </u>

The bank charge will be recognized as a credit in the cash account. The returned check had been credited before and will be debited back to reverse the earlier treatment.

Additional deposit of $27 will be recognized in the books being the difference between $258 that had been recognized and $285 the actual amount.

The outstanding checks of $1,800 will not be adjusted for as the transactions are valid.        

5 0
3 years ago
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