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vichka [17]
3 years ago
14

Shoeleather cost refers to:

Business
1 answer:
deff fn [24]3 years ago
3 0

Answer: Option a

             

Explanation: In simple words, the value of effort and time (or economic cost of effort and time) which individuals spend by keeping less money to offset the inflation tax they pay on cash holdings whenever higher inflation occurs is called shoe leather cost.

Increased cost of shoe-leather is one of the inflationary impacts. In a time of high inflation, individuals are discouraged from keeping large sums of money because their worth is rapidly deteriorating compared to the economy's increasing prices.

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: i can't believe it! now our pay depends on meeting goals! doesn't effort count for anything anymore? i have the same goals tha
viva [34]

Setting the pay according to the goals achieved by a group may not be considered beneficial to everyone, thus decreasing motivation. Pay-for-performance or according to individual performance may help motivate the employee but increasing individuality in terms of performance may also decrease group cohesiveness or group-related values. The speaker here shows depreciation by undervaluing another's work to overvalue or protect one's own.

6 0
3 years ago
How is the federal income tax a progressive tax?
natima [27]

It is because you always have to pay it. The federal income tax is what the govt charge to take care of United States. It will never go away, you will always have to pay it. That is why it is called a progressive tax.

6 0
3 years ago
Walter wants to deposit $1,500 into a certificate of deposit at the end of each ofthe next 6 years. The deposits will earn 5 per
polet [3.4K]

Answer:

  $10,202.87

Explanation:

The balance will be the sum of a 6-term geometric sequence with first term 1500 and common ratio 1.05. The sum of such a sequence is given by ...

  sn = a1(r^n -1)/(r -1)

We have a1=1500, r=1.05, n=6, so the sum is ...

  s6 = 1500(1.05^6 -1)/(1.05 -1) = 10,202.87

Walter's account balance after the 6th deposit will be $10,202.87.

6 0
3 years ago
The time value of money suggests that $1 in one year from now is worth less than $1 today.True / False.
mash [69]

Answer:

False, we conclude that $1 in one year from now is worth more than that of today.

Explanation:

The time value of money (TVM) is concept that suggests money available at  present time is worth more than identical sum in future due to potential earning capacity.

This core principle in finance holds that the provided money can earn interest ,  and any amount of money is worth more the sooner it is received.

Also future money is not affected by inflation, only present money is.

Hence we conclude that $1 in one year from now is worth more than that of today.

4 0
4 years ago
Stephen and Joy own a duplex in Newport Beach, CA. They live in one unit and rent the other to another couple. Their rental inco
sertanlavr [38]

Answer:

$16,700

Explanation:

The computation of net income is shown below:-

Total expense = Insurance + Maintenance + Utilities + Depreciation

= $8,000 + $800 + $1,800 + $4,000

= $14,600

Expense of rented unit = Total expense ÷ Units

= $14,600 ÷ 2

= $7,300

Here, we assume 2 units

Net income for reporting = Rental income - Expense of rented unit

= $24,000 - $7,300

= $16,700

7 0
3 years ago
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