Answer:
c. 108.3
Explanation:
Calculation to determine what The value of the CPI in 2004 was:
Using this formula
Consumer Price Index (CPI) 2004 = (2004 Basket cost / Base year basket cost) x 100
Let plug in the formula
Consumer Price Index (CPI) 2004 = (650 / 600) x 100
Consumer Price Index (CPI) 2004 = 108.3
Therefore The value of the CPI in 2004 was:108.3
Answer:
8.09%
Explanation:
Year Inflation rate 1 + Inflation rate
1 0.03 1.03
2 0.04 1.04
3 x 1+x
Average rate 0.05 0.05
1 + Average rate = [(1+r1)*(1+r2)*(1+r3)]^(1/3)
1.05 = [1.03*1.04*(1*x)]^(1/3)
[1.0712*(1+x)] = (1.05)^3
[1.0712*(1+x)] = 1.157625
1 + x = 1.157625 / 1.0712
1 + x = 1.080681
x = 1.080681 - 1
x = 0.080681
x = 8.09%
Thus, the periodic Inflation rate in year 3 is 8.09%
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Answer:
$280
Explanation:
SUTA is a synonym for State Unemployment Tax paid by employers and employees , and used by the government to provide the insurance expenditures for the unemployed citizens
The reciprocal arrangement exempts the tax payer from his former country of work. H e will be taxed in the new country of work at the applicable rate
SUTA ceiling earning = $7000
SUTA rate = 4.0%
SUTA = $280
Answer:
Dr Unearned fees $24,510
Cr Fees earned $24,510
Explanation:
Preparation of the December 31 adjusting entry required
Based on the information given if the balance shown in the unearned fees account was the amount of $37,040 before adjustment at the end of the year which means that if the amount of unearned fees at the end of the year is the amount of $12,530 the December 31 adjusting entry required will be :
Dr Unearned fees $24,510
Cr Fees earned $24,510
($37,040-$12,530)
