Answer:
Option (a) is correct.
Explanation:
Given that,
In 1975:
Nominal price = $0.10
CPI = 52.3
In 2005:
Nominal price = $1.00
CPI = 191.3
1975 is the base year
Real price in 2005;
= Nominal price in 2005 × (CPI in 1975 ÷ CPI in 2005)
= $1.00 × (52.3 ÷ 191.3)
= $0.273
Therefore, the real price of tennis ball in 2005 is $0.27 in terms of 1975.
The real price of tennis ball in 1975 is $0.10 because the base year is 1975 itself.
When we are comparing the real prices of the years 2005 and 1975, we conclude that tennis ball is cheaper in 1975 as compared to 2005.
Answer:
Answer is D. monthly living expenses (rent or mortgage, property tax, mortgage insurance, minimum credit card payments, and monthly loan payments)
Explanation:
Edge
The average rate of an RN’s hourly wage is about a$32.66 an hour. This depends on where you work also.
Answer:
$0
Explanation:
Scott Company must record the warranty expense and liability regarding the products sold during the years that they occur. For example, the following journal entry must be made to record the warranty expense for year 1:
Dr Warranty expense 25,000
Cr Warranty liability 25,000
During year 2, they will record the warranty expense for that year:
Dr Warranty expense 20,000
Cr Warranty liability 20,000
That means that during year 3, the only warranty expense recorded will be the one related to the goods sold during that year.
Answer:
Goods shipped by the owner to the consignee who sells the goods for the owner.
Explanation:
Consignment goods -
It refers to the goods holded by the consignee which is responsible for selling the goods , is referred to as consignment goods .
The consignee receives certain amount of money as commision for the goods .
This method is used by many manufacturing firm , to have a smooth and proper distribution of goods and services .
Hence , from the given question ,
The correct option is first one .
