The formula for calculating a price index for the year 2013, using the year 2008 as a reference period is Price of 2013 market basket in 2013 × 100 / Price of 2013 market basket in 2008 Price of 2008 market basket in 2013 × 100 / Price of 2008 market basket in 2008 Price of 2013 market basket in 2008 × 100 / Price of 2008 market basket in 2008 Price of 2008 market basket in 2008 × 100 / Price of 2008 market basket in 2013
The formula for calculating a price index for the year 2013, using the year 2008 as a reference period is Price of 2013 market basket in 2013 × 100 / Price of 2013 market basket in 2008 Price of 2008 market basket in 2013 × 100 / Price of 2008 market basket in 2008 Price of 2013 market basket in 2008 × 100 / Price of 2008 market basket in 2008 Price of 2008 market basket in 2008 × 100 / Price of 2008 market basket in 2013
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter14: Valuation: Market-based Approach
Section: Chapter Questions
Problem 1KIC
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The formula for calculating a price index for the year 2013, using the year 2008 as a reference period is
Price of 2013 market basket in 2013 × 100 / Price of 2013 market basket in 2008
Price of 2008 market basket in 2013 × 100 / Price of 2008 market basket in 2008
Price of 2013 market basket in 2008 × 100 / Price of 2008 market basket in 2008
Price of 2008 market basket in 2008 × 100 / Price of 2008 market basket in 2013
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