The Table Below Shows the Prices in $ and Quantities

question 91

Multiple Choice

The table below shows the prices in $ and quantities (thousands) for five specialized electronic components for 2000 and 2016. If the Paasche price index for 2016 using 2000 as base year is 137.75, then P = ______.

• A)4.75
• B)4.88
• C)5.23
• D)5.67
• E)5.72

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Definitions:

Income Statement

A report showcasing a corporation's financial results for a particular accounting cycle, which includes information on income, costs, and earnings.

Average Collection Period

The average number of days it takes for a company to receive payment after a sale has been made, indicating the efficiency of credit and collections policies.

Balance Sheet

A financial statement that displays a company’s assets, liabilities, and shareholders' equity at a specific point in time.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period, illustrating its financial performance.