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grandymaker [24]
3 years ago
7

1) which of the following statements is true about U.S. Rule?

Mathematics
1 answer:
serious [3.7K]3 years ago
3 0
1) --
2) --
3) 175,900 / 12.5% = 1,407,200  CHOICE B.
4) SUPPLIES
5) PURCHASES
6) 5,000 + 21,800 - 790 - 5,100 = 20,910  CHOICE D.
7) D. 50%
8) C. UNITS OF PRODUCTION
9) B. INCOME STATEMENT
10) A.) 6,480
11) D.)  MULTIPLIED BY BOOK VALUE AT THE BEGINNING OF THE YEAR.
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Step-by-step explanation:

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The prices of consumer goods do not always exactly follow the CPI. The following chart shows several consumer items, along with
zloy xaker [14]

The reasonable estimate of the current customer price index is 195. The option B is the correct option.

<h3>Customer price index</h3>

Customer price index is the price index which measures the weight average of price of basket of customers goods or services.

It can be given as,

\rm CPI_t=\dfrac{C_t}{C_0}\times 100

Here \rm C_t is the cost of market basket in current period and \rm C_0 is the cost of market basket in the base period.

Cost of market basket in current period is

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Cost of market basket in 1983 is,

\rm C_0=8.85+71.25+13.95+22.7\\\\C_0=116.8

Substitute all the values in the formula

\rm CPI_t=\dfrac{C_t}{C_0}\times 100\\\\\rm CPI_t=\dfrac{196.9}{116.8}\times 100\\\\\rm CPI_t=1.685\times 100 \\\\ CPI_t=168.5\\\\\rm CPI_t= 170 \ \rm approx

Thus the value of current CPI is 168.5 which is near about the 170.

Hence, the reasonable estimate of the current customer price index is 195. The option B is the correct option.

Learn more about the customer price index here;

brainly.com/question/25495502

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