Table 13-3 -Refer to Table 13-3

question 38

Multiple Choice

Table 13-3
$$\begin{array}{c} \quad \quad \quad\text { Base Year (2006) } \quad \quad 2013\\\begin{array} { | l | c | c | c | } \hline \text { Product } & \text { Quantity } & \text { Price } & \text { Price } \\\hline \text { Cokes } & 100 & \$ 0.50 & \$ 0.75 \\\hline \text { Hamburgers } & 200 & 2.00 & 2.50 \\\hline \text { CDs } & 10 & 20.00 & 21.00 \\\hline\end{array}\end{array}$$
-Refer to Table 13-3.Assume the market basket for the consumer price index has three products - Cokes,hamburgers,and CDs - with the following values in 2006 and 2013 for price and quantity: The Consumer Price Index for 2013 equals

• A)75.
• B)93.
• C)108.
• D)121.

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Definitions:

Checking Account Balance

The amount of money currently available for withdrawal in a person's or entity's checking account.

Outstanding Checks

Checks that have been written and recorded in the paying entity's check register but have not yet been cashed or cleared by the bank.

Deposits In Transit

Funds that have been received and recorded by a business but not yet by its bank, typically relating to bank reconciliation processes.

Purchase Order

A formal document sent from a buyer to a seller to initiate the purchase of products or services with specified terms.