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Thepotemich [5.8K]
2 years ago
6

Why is gasoline weighted more heavily than tomatoes in a calculation of the annual inflation rate in the United States

Business
2 answers:
Nana76 [90]2 years ago
6 0

Just took the test it is

D). Americans spend more money on gasoline than tomatoes, on average.

Hope that helps any one else!!!!

likoan [24]2 years ago
4 0
One of the most probable reason is because compared to tomatoes, gasoline more of a kind of product that traded within international borders from US' perspectives. This kind of products will be exposed to more factors that could influence the annual inflation rate.

hope this helps
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1. Put the steps for creating a Trial Balance in the correct order.
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8 0
3 years ago
In what accounts should the following items be classified? (a) Coins and currency. (b) U.S. Treasury (government) bonds. (c) Cer
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Answer:

Explanation:

Cash: generally classify cash as a cuffent asset Cash conststs of coins, currency, and available on deposit at the bank Cash the most liquid of as*ts, is standard medium of exchange and fre basis for meas_wtng and accountmg for all other items

Cash quivalents: cash equivalents are short-term, highly liquid investments that are both readily convertible to known amount of cash.

Accounts Receivable: Receivables are clams held against customers and others for money, goods, or services

Short term investments: Investments for one year or less called as short-tem investments

Long-term assets: Long-term means more than one accounting cycle period

Items                                                                                               Accounts

a) Coins and currency                                                                   Cash

b) U S treasury (government) bonds                                            Cash equivalent

c) Certificate of deposit (matures in 5 months)                           Short term investment

d) Cash in a bank that is in receivership                                     Account receivable.

e1) NSF check ( Returned with bank statement)(if uncollectible)                           A loss if uncollectible

e2) NSF check ( Returned with bank statement)(if collectible)                           Accounts receivables

f1) Deposited in foreign bank (exchangeability limited )(if not expendable)               Other assets, if not expendable.

f2) Deposited in foreign bank (exchangeability limited )(if expendable)       Cash if expendable for goods and services in a foreign country

g1) Postdated checks (if collection expected within one year)                                                                    Short term investments

g2) Postdated checks (if collection expected within beyond year)                                                                    long term investments

8 0
3 years ago
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denis-greek [22]

Answer:

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4 0
3 years ago
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5 0
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the answer is ( 52% )


4 0
3 years ago
Read 2 more answers
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