so,nominally,................... (copied by :- @-Venkatesh Rao cheap tricks-)
Answer:
e. $ 282,000
Explanation:
To determine the assets of the company at year end, we need to find the equity at year end, this is calculated as follows:
Opening Equity $ 145,000
Net Income for the year $ 45,000
Revenues $ 210,000
Expenses $ 165,000
Equity at end of year $ 190,000
The accounting equation is
Assets = Liabilities + Stockholders' Equity
Assets = $ 92,000 + $ 190,000 $ 282,000
The total cost of equipment that should be recorded is calculated by adding up all the given values in this item. The costs include equipment cost, transportation cost, tax, and installation cost. Adding up all the values,
TC = ($60,000) + ($1,000) + ($3,000) + ($2,500)
TC = $66,500
ANSWER: TC = $66,500
Answer:
B. Chain weighted Index
Explanation:
Chain weighted index is a technique that measures changes in price and spending patterns of individuals and economy. It is an alternative form to the traditional consumer price index. It is used in calculating changes in price using average price from base year gotten from consecutive years. The chain weighted index puts products substitutions and other factors that affects spending made by consumers into consideration. Chain weighted index helps in estimating the real GDP.
