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nataly862011 [7]
4 years ago
12

Alyssa owns and operates a store in a country experiencing a high rate of inflation. In order to prevent the value of money in h

er cash register from falling too quickly, Alyssa sends an employee to the bank four times per day to make deposits in a interest-bearing account that protects the store's revenues from the effects of inflation. This is an example of the____of inflation.A. Menu CostsB. Unit of account costsC. Shoesleather costs
Business
1 answer:
artcher [175]4 years ago
7 0

Answer:

It is an example of the shoes leather costs.

Explanation:

Shoe leather cost is the cost which involve the time as well as the efforts which people spend on trying to counter-act the inflation effects like holding less amount of cash and make additional trips to the bank.

In this scenario, Alyssa in order to protect herself from the effect of the inflation, she sends employee to bank for depositing the money into the bank four times a day. Therefore, it is an example of Shoe leather cost

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July 15 Declared a cash dividend payable to common stockholders of $165,000. Aug. 15 Date of record is August 15 for the cash di
lions [1.4K]

Answer:

July 15

Debit: Retained Earnings $165,000

Credit: Cash Dividend Payable $165,000

Aug 15

No entry Required.

Aug 31

Debit: Cash Dividend Payable $165,000

Credit: Cash $165,000

Explanation:

The date of declaration is the date on which Board of Directors decides to pay the dividends to Stock Holders and the Liability is created.

On the other hand, Date of Record is merely decision made by Stock Holders on the amount announced on the date of declaration, that how this amount will be distributed among them, So there is no journal entry required on this date.

The date of payment is the date when the dividend liability is paid off to the stock holders, hence the contra entry is made in Dividends Payable Account to cancel out the transaction.

July 15

Debit: Retained Earnings $165,000

Credit: Cash Dividend Payable $165,000

<em>To record Cash Dividend of $165,000 Declared.</em>

Aug 15

The date of record is merely announcement of which stock holders receives dividends, so no entry required on this date.

Aug 31

Debit: Cash Dividend Payable $165,000

Credit: Cash $165,000

<em>To record payment of $165,000 Cash Dividend declared on July 15.</em>

6 0
3 years ago
A marketing plan includes this marketing objective: "Create positive feelings about our brand." What is the main problem with th
Nesterboy [21]

c. It is not specific and measureable.

i hoped this helped


7 0
3 years ago
Read 2 more answers
Curvilinear costs always increase: a. When management performs break-even analysis. b. When volume increases, but at a nonconsta
Ilia_Sergeevich [38]

Answer:

The correct option is : b. When volume increases, but at a nonconstant rate.

Explanation:

Curvilinear costs is a type of expense that <u>does not increase at a constant rate with the production volume.</u> It tends to have a sudden increase at low production volumes, then remains constant in the middle and then increases at high production volumes.

The curvilinear costs does not increase linearly with the production. Therefore, curvilinear cost is also called a nonlinear cost.

<u>Therefore, curvilinear costs always increase at a nonconstant rate with the increase in the production volume.</u>

6 0
3 years ago
Joaquin didn’t buy a netbook computer when they first came out, but he did purchase one a year after they were introduced to the
Andru [333]

Answer:

The answer is: Early adopter

Explanation:

Early adopter refers to consumers that use a new product or technology before others. Since early adopters tend to pay more for a new product, they also benefit first from the product's specifications and performance.

They also serve as reference for other users who are considering to buy or not to buy the new product.

3 0
3 years ago
David and Darlene Jasper have one child, Sam, who is 6 years old (birthdate July 1, 2012). The Jaspers reside at 4639 Honeysuckl
Andrei [34K]

Answer:

Explanation:

David:

Earnings from Apple Company (office manager)

$26,125

Federal income tax withheld

2,800

State income tax withheld

1,050

Darlene:

Earnings from Rose Company (perfume tester)

$25,100

Federal income tax withheld

2,650

State income tax withheld

900

Their other income includes interest from Pine Tree Savings and Loan of $1,825. Other information and expenditures for 2016 are as follows:

Interest:

On home acquisition mortgage

$11,250

Credit card

925

Taxes:

Property taxes on personal residence

1,300

State income taxes paid in 2016 (for 2015)

315

Contribution (with written acknowledgement) to church

990

Medical insurance

475

Medical and dental expenses

5,800

Income tax return preparation fee paid in 2016

200

Actual general state sales tax for 2016

1,016

Payment of union dues

225

3 0
3 years ago
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