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Q1) Given the following contract information, compute adjusted contract price:

Contract Value $550,000
Subject to Adjustment 20%
Base Index 125.5
Index at Delivery 132.7

Q2) Price of the item was $200 in 19X4 and $220 in 10X5. Compute simple price index for this item by using 19X4 as base year.

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M917837

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