I think it’s 1. retail clerk
Answer:
The given condition is an example of:
A. Menu costs
Explanation:
In the given question mentioning data is that
Jake is been managing a grocery store in any country which is experiencing high rate of inflation. He is mentioned to be paid in cash.
On his very payday he went outside immediately and bought as many goods as he could for himself as he was going to get his pay today and was needing those items.
So, he thought of buying all the items he is needing as for the next two weeks in order of prevention of the money in his wallet from losing value due to high inflation rates.
And at last what he couldn't spend on buying for all that amount he converted that amount into most stable foreign currency for being used as a steep fee.
So all this were an example of :
A. Menu costs
The total of the assets in a balance sheet is equal to the summation of the owners' equity capital and the total liabilities of the firm.
<h3>What is a balance sheet?</h3>
Balance sheet is the financial statement of an organization that gives the details about the financial position of the company at the end of the financial period.
In the above case, the total of the assets is $50000 and the total of the equities and liabilities tallies the amount of assets. An image for the same has been attached for better reference.
Thus, the equation of the balance sheet holds true in the case of ABC Rentals.
Learn more about balance sheet here:
brainly.com/question/26323001
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The problem is
missing some parts but nevertheless here is the solution:
Given:
Mean is 28
Standard deviation is 5
So we denote the problem as x <= 2
For X ~ N (28, 5^2)
we are looking for the percentage:
P{X>24} = P {Z>z}
Where z = (24-28)/5 =
4/5 = - 0.80.
P {Z> -0.80} = 1 - P{Z< -0.80} = 1 - 0.2119.
Or in percentage, it is replaced as P{Z< -0.80} = 0.2119,
21.19%.
It should be noted that when demand for a product is unit elastic and one would expect sales to equal: 5 units.
<h3>What is elastic demand?</h3>
An elastic demand can be regarded as the demand whereby change in quantity demanded due to a change in price is large.
An inelastic demand entails change in quantity demanded due to a change in price is small.
Learn more about elastic demand at;
brainly.com/question/24384825