Unit 31 Assignment 1

cheaniecheanie New MemberRegistered Posts: 10
Hi, I'm new to this site and to the course and I could really do with some help.

I am studying via distance learning and I am in the middle of completing Assignment 1 Unit 31 and cannot get through to my tutor for help.

The problem that I have is on the Summary of Sales and Costs - Re-stated part.

Do I have to inflate years 2003 & 2004 to 2005 values and deflate 2006 & 2007 to 2005 values?

Can anyone help me with this?

Comments

  • vishavisha Well-Known Registered Posts: 218
    you need to read the question very carefully.

    Most likely it will ask you to conver the past data to present value, but vice vesa is possible.

    It can be one or the other but not both at the same time!
  • cheaniecheanie New Member Registered Posts: 10
    Thanks
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