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i. Millions of employees in automobile, steel and other industries have their wages adjusted upward when the CPI increases. The specifics are in the management-union contracts. These clauses in the contracts are referred to as "cola clauses."
Ii) When two or more series of index numbers to be compared do not have the same base period, we select a common base period for all series. Then we use the respective base numbers as the denominators and convert each base to the new base.
Iii) The largest component of the Canadian CPI is Food.
Year-End
The conclusion of a fiscal or calendar year, marking the final day for accounting adjustments, after which financial statements are generated.
Invoice Price
The price listed on the invoice, representing the amount charged to the buyer by the seller for goods or services provided.
Settlement Date
The day on which a trade is finalized, and the buyer must make payment and the seller deliver the asset.
Foreign Exchange Gain
Profit arising from the appreciation of a foreign currency relative to the functional currency in foreign currency transactions.
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