Answer:
Current price of house = $222,000
Explanation:
given data
property that sold = $275,000
values decreasing at rate = $2,000 per week
Each bedroom = $30,000
a bathroom = $15,000
solution
we get here Price of 3 bedroom & 3 bathroom house (4 weeks ago) is
Price of 3 bedroom & 3 bathroom house (4 weeks ago) = $275,000 - $30,000 - $15,000
Price of 3 bedroom & 3 bathroom house (4 weeks ago) = $230000
and
reduction in price at $2000 per week for 4 weeks= 4 × 2000
reduction in price at $2000 per week for 4 weeks = ($8,000)
so
Current price of house = $230000 - $8,000
Current price of house = $222,000
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Answer:
The price of the 1975 golf ball in 2005 is $0.55
Explanation:
In this question, we are asked to calculate the price of a golf ball in the year 2005 which was bought in the year 1975.
Before we begin to answer, we have been seeing CPI, what could this mean?
The term CPI stands for consumer price index. It refers simply to the change in price of a particular goods or services over a specific period of time.
Now, we mathematically propose a solution to the problem as follows;
We identify the following;
CPI in 1975 = 52.3
CPI in 2005 = 191.3
We now calculate the CPI change between the years. This can be done by dividing the CPI in the year 1975 by the CPI in the year 2005. Mathematically;
CPI change between years = CPI IN 1975/ CPI in 2005
= 52.3/191.3
= 0.273
Now, we proceed to calculate the price of the 1975 ball in 2005.
Mathematically;
A 1975 golf ball’s cost in 2005 = CPI change * price of golf ball in 2005
= 0.273 * 2
= $0.55
Answer:The answer is b
Explanation:
Bank reconciliation statement is a statement prepared to resolve the discrepancy between the bank statements balance and the cash book balance.in the preparation of the bank reconciliation statement, to ascertain the discrepancy we have to compare the debit side of the cash book with the credit side of the bank statement to check for differences in deposit, we will also compared the credit side of the cash book with the debit side of the bank statement to check for differences in withdrawals. Bank reconciliation statement is not an account because double entry principle is not observed in the preparation of the bank reconciliation statement.
In the preparation of the bank reconciliation statement, when starting with the bank statement balance, will have to add the deposit in transit and less the outstading cheque to arrive at the cash book balance. On the other hand, when starting with the cash book balance add outstanding cheque and less deposits In transit to arrive at the bank statement balance
