Specific prices over general price level

Reference no: EM1363039

Inflation was 8 percent during the most recent year and your organization's investment in land rose 12 percent. If the beginning appraised land value was $1,000,000, what increase in specific prices over general price level would be reported, stated in year-end dollars?

A. $20,000
B. $40,000
C. $43,200
D. None of the above

Reference no: EM1363039

Questions Cloud

Create logic for program that will produce count of readers : Create the logic for a program that would produce a count of readers by income groups as follows: under $20,000, $20,000- $29,999, $30,000-$49,999, $50,000-$69,999, and $70,000 and up.

How long one electron to travel the full length of the cable : how long one electron to travel the full length of the cable.

Explain how does mobility differ in organizations : Explain how does mobility differ in organizations with innovative career paths and show three innovative career paths and describe how mobility occurs in each.

Explain preventing the importation of gray goods : Explain Preventing the importation of gray goods legitimately manufactured outside of a country is in reality

Specific prices over general price level : Inflation was 8 percent during the most recent year and your organization's investment in land rose 12 percent. If the beginning appraised land value was $1,000,000, what increase in specific prices over general price level would be reported, stat..

City of city of ontario vs quon : City of City of Ontario vs. Quon: Fourth Amendment - Look at the case of City of Ontario vs. Quon. Was Quon subject to an improper search and seizure?

Diet and food contribution : Why is your protein intake within a recommended range important? What are the effects of too much protein? What happens if you consistently eat too little protein?

Show annual cost of carrying inventories : Which of the following is correct assuming all other variables remain unchanged?

Corporate deductions-corporate transactions : Speculate about which specific types of corporate deductions are most likely to result in an IRS audit and what precautions should be taken to minimize the risk of audit. Provide a rationale for your response.

User Account

All Pages