Answer:
d. Consumer price index
Explanation:
Consumer price index in any country consists of goods and services that are used in day to day activities by consumers e.g. daily food items, utilities, transportation etc. The index is used to measure the increase in weighted average prices of the constituents over a particular time.
Option A is price index for producers that measures the increase in price of goods and services that are typically used by different producers for their output.
Option B is an analysis that is used to assess the trends of any economy. This analysis is performed by government economists, officials and government to make informed decisions about future actions. Individuals have no use of the index.
Option C Gross domestic product (GDP) deflator is a price adjustment to GDP of current year to depict the actual growth in value of goods and services produced in a particular year. GDP deflator is a reduction of inflation rate from nominal rate of increase in GPD.
Answer:
Explanation:
The adjusting entry is shown below:
On December 31
Supplies expense A/c Dr $6,660
To Supplies A/c $6,660
(Being supplies account is adjusted)
The supplies expense is computed by
= Supplies balance - supplies on hand
= $8,780 - $2,120
= $6,660
We simply debited the supplies expense account and credited the supplies account for $6,660
Answer:
$350 unfavorable
Explanation:
The computation of the overall fixed manufacturing overhead budget variance is shown below:
The overall fixed manufacturing overhead budget variance for the month = Actual fixed manufacturing overhead cost - The budgeted fixed manufacturing overhead cost
= $17,450 - $17,100
= $350 unfavorable
Since as the actual fixed manufacturing overhead cost exceeds than the budgeted fixed manufacturing overhead cost so this leads to unfavorable variance
Answer:D . Corporations have a nearly unlimited life span .
Explanation: just took apex test
Answer:
Explanation:
According to the Kai surf shop in Laie, Hawaii, below is the computation of sales and use tax of surf shop that must collect or remit.
A.
Kai doesn't have a sales tax nexus with Utah, therefore it will not have any sales tax liability. Instead, Kalani will have a tax liability in Utah that will be $63($1000 x 6.85%).
B.
kai will have a tax liability of $83($2000 x 4.166%) Also, Nick will have use tax liability of $87[($2000 x (9% - 4.166%)].
C.
Kai doesn't have a sales tax nexus with Michigan, therefore it will not have sales tax liability. Instead, Jim will have a use tax liability in Michigan will be $140($2000 x 6%)
D.
Sales and use tax is not imposed on sale of services. Therefore, neither Kai nor Scott will have any sales or use tax liability.
