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Rom4ik [11]
2 years ago
15

kyoko owns and operates a store in a country experiencing a high rate of inflation. in order to prevent the value of money in he

r cash register from falling too quickly, kyoko sends an employee to the bank four times per day to make deposits in an interest-bearing account that protects the store's revenues from the effects of inflation. this is an example of the
Business
1 answer:
Kamila [148]2 years ago
5 0

The above situation is an example of shoe leather cost of inflation.

A shoe-leather cost is what people pay when they frequently visit the bank to withdraw cash to use to pay for products in the wake of intense inflationary pressure. The term "shoe-leather cost" symbolizes all costs, including time spent, bank fees, brokerage fees and transportation costs.

High inflation discourages people from keeping large sums of cash on hand because the value of money rapidly depreciates during this time. More money is kept in banks by them. Additionally, repeated price increases force people to constantly withdraw money for transactional needs. Due to this, they frequently visit their bank to withdraw cash in order to pay for goods and services. These frequent journeys degrade their shoe leather, resulting in a 'shoe-leather cost.'

To read about hyperinflation see:

brainly.com/question/1297747

#SPJ4

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The authors of the textbook lay the primary responsibility for business's problems on the media.
g100num [7]

Answer: (B) False

Explanation: The authors of the textbooks give us proof of the tools necessary for students to acquire the necessary resources to run the companies.

The media are important, but textbooks merge knowledge from different eras during history, which works to establish principles in all learning theories.

6 0
3 years ago
What is a corporation? a partnership that raises money through loans from the goverment a company whose owner is personally resp
Vikki [24]

Answer:

False

Explanation:

A corporation is "a group of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members."

Reference: Boundless, Boundless.com. “Boundless Business.” Lumen, 2019

3 0
3 years ago
Read 2 more answers
You are a newsvendor selling San Pedro Times every morning. Before you get to work, you go to the printer and buy the day’s pape
Salsk061 [2.6K]

Answer:

Total number of copies that buy each morning is Q = 357.96

Explanation:

Given Data:

cost of per copy = $0.30

Buying cost for paper =$1.50

standard deviation = 57

mean = 285

service\ level = \frac{ profit}{profit + per\ copy\ cost}

service\ level = \frac{1.50-0.30}{(1.50-0.30 )+0.30}

service level = 0.80

z value for  80% is 1.28

Therefore total number of copies calculated as

Q = \sigma z + \mu

Q = 1.28\times 57 +285

Q = 357.96

8 0
3 years ago
Chandler Sporting Goods produces baseball and football equipment and lines of clothing. This year the company had cash and marke
liraira [26]

Answer:

3. $2,123,612

Explanation:

As we know that

Net working capital = Current assets - current liabilities

where,

Current assets = Cash and marketable securities + inventory + accounts receivables + other current assets

= $335,485 + $1,651,599 + $1,488,121 + $121,427

= $3,596,632

Current liabilities = Accounts payable +  short-term notes payable

                            = $1,159,357 + $313,663

                            = $1,473,020

So, the net working capital is $2,123,612

4 0
3 years ago
Nonuniform Inputs, Transferred-In Cost Drysdale Dairy produces a variety of dairy products. In Department 12, cream (transferred
Crazy boy [7]

Answer:

Explanation:

Opening units  30000

Started  120000

  150000

Closing  20000

Transffered  130000

   

   

                                            Production Table W.Avg Method  

   

   

                             A                   B                    C=A+B

Cost Element       Complete      Closing WIP  Equivellant production        

                                                                                                         units  

Material            130,000       20,000 (100%)                150,000  

Coversion Cost    130,000       10,000  (50%)                  140,000  

   

7 0
3 years ago
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