Last Year a CD Had a Price of $12 and This

question 58

Multiple Choice

Last year a CD had a price of $12 and this year it is $15.Which of the following does not express this price change accurately?

• A)Price rose by 25 percent
• B)Price rose by $3
• C)If this year is the base year,the index number for last year would be 80
• D)If last year is the base year,the index number for this year would be 80

---

Definitions:

Short-Term Payables

Liabilities owed by a company that are due within one year, often including accounts payable, wages, and taxes.

Gross Working Capital

The total amount of a company's current assets, which are assets likely to be converted into cash within one year.

Net Working Capital

The difference between a company's current assets and current liabilities, indicating the short-term financial health and operational efficiency of the business.

Short-Term Debt

Financial obligations that are due for repayment within one year.