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3 years ago

(50 pts) Which of the following statements concerning price indexes is not accurate?

Business

2 answers:

Lilit [14]3 years ago

6 0

Answer:

Price indexes define the cost of goods in the entire economy at a given point in time.

Explanation:

Price indexes actually measure relative price changes, consisting of a series of numbers arranged so that a comparison between the two values for any two periods or places will show the average change in prices between periods or the average difference in prices between places.

Mademuasel [1]3 years ago

4 0

Price indexes define the cost of goods in the entire economy at a given point in time.

A price index is a scale used to measure changes in the levels of prices. This is a percentage scale that can be either based on prices of a single good or an entire market basket. This is only a small-scale index, not representative of an entire economy.

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What does required fields mean someone please answer

Naddik [55]

required field means those are feilds or blanks that you have to answer

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3 years ago

Read 2 more answers

How does the budget process make fiscal policy difficult to implement? (lo32-3)?

Keith_Richards [23]

The budget process makes fiscal policy difficult to implement because
---The budget process begins a year and a half before the budget is implemented, and this will make it difficult to know what type of fiscal policy will be needed because it requires us to predict the problem and opportunities that arise during the operation.
---Many budget decisions are made for political reasons , because many politicians was appointed by interest groups that controlled by big companies.
---Nearly two-thirds of the budget is mandated by federal programs and cannot be easily changed, even if it could be changed, the cost could outweihgt the benefit.

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3 years ago

Flounder has year-end account balances of Sales Revenue $843,779, Interest Revenue $12,160, Cost of Goods Sold $531,052, Adminis

ella [17]

Answer:

Dr Sales Revenue $843,779

Dr Interest Revenue $12,160

Cr Income Summary $855,939

Dr Income Summary $745,754

Cr Cost of Goods Sold $531,052

Cr Administrative Expenses $177,930

Cr Income Tax Expense $36,772

Dr Income Summary $110,185

Cr Retained Earnings $110,185

Dr Retained Earnings $17,793

Cr Dividends $17,793

Explanation:

Preparation for the year-end closing entries.

Dr Sales Revenue $843,779

Dr Interest Revenue $12,160

Cr Income Summary $855,939

($843,779+$12,160)

Dr Income Summary $745,754

($531,052+$177,930+$36,772)

Cr Cost of Goods Sold $531,052

Cr Administrative Expenses $177,930

Cr Income Tax Expense $36,772

Dr Income Summary $110,185

($855,939-$745,754)

Cr Retained Earnings $110,185

Dr Retained Earnings $17,793

Cr Dividends $17,793

5 0

3 years ago

A The following section is taken from Blossom's balance sheet at December 31, 2021.

loris [4]

Answer:

Date Account titles and explanation Debit Credit

1-1-21 Bond interest payable $46,000

Cash $46,000

(To record payment of interest)

1-1-21 Bond payable $155,000

Loss on redemption bond $15,500

(155,000/100*10)

Cash $170,500

(To record bond redemption)

31-1-21 Interest expenses $36,450

Bond interest expenses $36,450

(560,000-155,000)*9%

(Adjusting entry to accrue the interest on the remaining)

6 0

3 years ago

Jones company lends Alabater Inc. $85,000 on August 6, 2018. This loan was memorialized with a signed note receivable with a rep

Tju [1.3M]

Answer:C) $2,125.

Explanation:

Interest = Principal x rate x time (period)

using days in a year = 360 days

Interest = $85,000 X 10% x 90/360

=$2,125

Therefore, Alabaster Inc, must repay the $85,000 principle and $2,125 in interest

8 0

3 years ago