What is the name of the ratio of a price level at one point in time to the price level in a designated base year?
A) bid-ask spread
B) reserve requirement
C) percent spread
D) price index
Answer: D
You might also like to view...
Fall Corp uses plant assets that are subject to rapid decreases in value due to obsolescence and physical deterioration. Which of the following depreciation methods is most appropriate to measure the decline in the usefulness of the company's assets?
a. Double-declining-balance b. Revenue expenditure method c. Straight-line d. Units-of-production
Which of the following is most appropriate when writing a letter of appreciation to an American audience?
A) When the message is formal. B) When the message is short and to the point. C) When the message is focused on the relationship. D) When the message is detailed. E) When the message shows respect for the recipient.
The expense recognition principle permits the use of the direct write-off method of accounting for uncollectible accounts when bad debts are very large in relation to a company's other financial statement items such as sales and net income.
Answer the following statement true (T) or false (F)
One difference between large, publicly held corporations and closely held corporations is that more of the shares of closely held corporations are held by institutional investors
a. True b. False Indicate whether the statement is true or false