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4 years ago

The base year in the consumer price index (CPI) is:_________.

Business

1 answer:

astra-53 [7]4 years ago

6 0

Answer:

C. a year chosen as a reference for prices in all other years.

Explanation:

Base year in the consumer price index (CPI) is a year chosen as a reference for prices in all other years.

Consumer Price Index (CPI) is a measure that is used to determine the weighted average of prices of a quantity of consumer goods and services.

Changes in the consumer price index helps to determine price changes associated with the cost of living. The consumer price index is one of the most frequently used statistics for identifying periods of inflation or deflation in an economy.

The formula used to calculate consumer price index for a product

= cost of purchasing the product in the given year ÷ cost of purchasing the product in the base year ×100

The base year or period refers to reference point in time iseda for comparison with other years or periods. It is used to measure financial and economic data.

period is a point in time used as a reference point for comparison with other periods. It is generally used as a benchmark for measuring financial or economic data.

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Which basic assumption may not be followed when a firm in bankruptcy reports financial results?

BartSMP [9]

Answer:

The correct answer is d. Going concern assumption .

Explanation:

The ongoing business is an accounting term for a company with the necessary resources to continue operating without the threat of a liquidation in the foreseeable future, generally considered as at least within twelve months. It implies for the business the declaration of intention to continue with its activities at least during the next year.

This is a basic hypothesis to prepare your financial statements, which means that the company has no need or intention to liquidate or actually reduce its operations. This term also refers to a company's ability to earn enough money to stay afloat or avoid bankruptcy.

4 0

3 years ago

On November 2, 2020, Ellie purchased and placed in service a building that cost $5,600,000. An appraisal determined that 15% of

tia_tia [17]

Answer:

Ellie

A. The property is classified for 27.5-year MACRS since more than 80% of the gross rental income emanates from residential dwellings.

B. The life of the asset for this type of MACRS is 27.5 years.

C. Ellie's cost recovery for 2020/2018 is $28,848.

Explanation:

a) Data and Calculations:

Cost of building and land = $5,600,000

Appraised cost of land = $840,000 ($5,600,000 * 15%)

Appraised cost of building = $4,760,000 ( ($5,600,000 * 85%)

Rent from the bottom floor leased to a retail business = $80,000

Rent from the other floors as rental apartments = $350,000

Total value of rental income = $430,000

Retail business % of rental income = 19%

Residential apartments % of rental income = 81%

Cost recovery = $173,091 ($4,760,000/27.5) per annum

For 2 months, the cost recovery = $28,848 ($173,091 * 2/12)

8 0

3 years ago

Four categories of costs associated with product quality are: Select one: a. External failure, internal failure, prevention, and

harina [27]

Answer:

b. External failure, internal failure, prevention, and appraisal.

Explanation:

The four qualities that are associated with the product associated quality are the external and the internal failures and precondition and appraisals.

These are incorporated features that have a capacity to meets the demands of the customers and improving the satisfaction of the product and make them free form any deficiency and defects.

5 0

3 years ago

Don operates a taxi business, and this year one of his taxis was damaged in a traffic accident. The taxi was originally purchase

OleMash [197]

Answer:

Option (A) is correct.

Explanation:

Given that,

Purchasing price of taxi = $32,000

Adjusted basis = $2,000 at the time of the accident

Cost of repair = $2,500

Insurance reimbursed Don = $700

Lesser of Adjusted basis at the time of the accident and Cost of repaired is the amount of causality loss before adjustments.

So, lesser amount is $2,000 as compared to the cost of repair ($2,500).

Therefore,

Amount of causality loss before adjustments = $2,000

Hence,

Don's casualty loss deduction:

= Amount of causality loss before adjustments - Insurance reimbursed

= $2,000 - $700

= $1,300

3 0

3 years ago

Define mutual fund economics.

fredd [130]

Answer:

a mutual fund is a type of financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments, and other assets. a mutual fund portfolio is structured and maintained to match the investment objectives stated in its prospectus.

Explanation:

Hope this helped Mark BRAINLEST!!!

6 0

3 years ago