The Table Below Shows Hypothetical Data for the Volume of Gold

question 28

Multiple Choice

The table below shows hypothetical data for the volume of gold and nickel output across several years.
TABLE 2-6
-Refer to Table 2-6.What is the index number for nickel output in Year 5?

• A)-200
• B)-200%
• C)96
• D)0.96%
• E)96%

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Definitions:

Plant Assets

Long-term tangible assets that are used in the production of goods and services, such as machinery, buildings, and equipment.

Depreciation

The process of allocating the cost of a tangible asset over its useful life, reflecting wear and tear, obsolescence, or age.

Notes Receivable

Written promises for amounts to be received, typically including interest, by a debtor to a creditor.

Accounts Receivable

Represents the money owed to a company by its customers for goods or services that have been delivered but not yet paid for.