Answer:
It will be between $1.00 and $ 1,20
Explanation:
Solution
Given:
From the given question, the price of a flax seed in west Virginia is presently at $1.00
From the law of one price states that since the price of a pound of flax seed is $1.20 in Kentucky,
Then,
The price of a flax seed pound will be between 1.20 and 1.00
Therefore, the price of the flax seed in Kentucky as compared to that of west Virginia will be placed in between prices of $1.20 and $1.00 after the supply by sellers in both market has been adjusted or raised.
Answer:
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Answer:
- Credit (decrease) cash account (112): $12,207
- Debit (decrease) loan account (341): $12,000
- Debit (increase) interest expenses (635): $207
Explanation:
The interest occurred = $12000*7%/365*90=$207
The note to be paid = $12,000
Total paid out: $12,207
If Uniform Supply use cash to pay off the note then the entries include:
- Credit (decrease) cash (112): $12,207
- Debit (decrease) loan account (341): $12,000
- Debit (increase) interest expenses (635): $207
Answer:
<h2>The correct answer in this case is option D. or The two indexes measure price changes for different "baskets" of products.</h2>
Explanation:
Both GDP deflator and Consumer Price Index(CPI) measure the variation or fluctuation in the price level of goods and services in the economy.GDP deflator is measured based on the variable baskets of goods and services produced by any country or economy.In other words,GDP deflator is estimated based on the costs or market value of a specific basket of goods and services produced by the country or economy which is compared with the cost or market value of the same set of goods and service in any previous base year.Under GDP deflator,this basket of goods and services varies periodically.CPI also uses the same concept but the specific basket of goods and services used to calculate CPI is fixed and does not vary over time or periodically,unlike GDP deflator.
Answer:
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