Q1 From the following data calculate price index number for current year as 2021 a) Laspeyre's method b) Paache's method c) Marshall Edgeworth method d) Fisher's ideal method 2019 2021 Items Quantity KG 15 20 Quantity kG 10 Price MVR Price MVR Rice Meat 4 3 25 4 Flour 10 20 5 Sugar 30 5 25 5

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
Chapter12: Fainancial Statement Analysis
Section: Chapter Questions
Problem 83E
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Index number I don’t know This
Q1
From the following data calculate price index number for current year as 2021
a) Laspeyre's method
b) Paache's method
c) Marshall Edgeworth method
d) Fisher's ideal method
2019
2021
Items
Quantity KG
15
20
Price MVR
Quantity kG
10
25
Price MVR
Rice
Meat
4
3
4
Flour
10
20
5
Sugar
30
5
25
5
69
Transcribed Image Text:Q1 From the following data calculate price index number for current year as 2021 a) Laspeyre's method b) Paache's method c) Marshall Edgeworth method d) Fisher's ideal method 2019 2021 Items Quantity KG 15 20 Price MVR Quantity kG 10 25 Price MVR Rice Meat 4 3 4 Flour 10 20 5 Sugar 30 5 25 5 69
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