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IceJOKER [234]
3 years ago
10

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

cash register from falling too quickly, Cho 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.
a. This is an example of:_________


i. menu costs

ii. unit of account costs

iii. shoe leather costs


b. Explain briefly the nature of the costs imposed.
Business
1 answer:
Ber [7]3 years ago
5 0

Answer:

Shoe leather costs

Explanation:

(A) Shoe leather costs

(B) Inflation can be defined as the persistent rise in the prices of goods and services. Shoe leather costs can be defined as the costs of time and effort that are encountered by individuals while trying to prevent the effect of inflation. It describes the costs incurred by individuals that visits the bank often inorder to withdraw money needed to purchase goods and services during the time of inflation.

Shoe leather cost arises during the period of high inflation, individuals do not hold large amount of cash because there will be a reduction in the value of the money.

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The bookkeeper for Wildhorse Co. asks you to record the following accrual adjustments at December 31 in the tabular summary that
dsp73

Answer:

The attached file has the answer required.

Interest on notes payable will be a liability as it is accrued. It will still be accounted from the expenses however.

Services is a revenue stream that was not recorded so it will go to Accounts Receivable and Revenue.

Salaries unpaid will become a liability and an expense in the income statement.  

6 0
3 years ago
How do the changes with age of the prevalence rates for externalizing and internalizing disorders compare?
nikdorinn [45]

Answer:

As we age, Externalization disorders decline, while internalization disorders intensify.

Explanation:

Internalizing habits and disorders are mainly characterized by self-related factors such as distress, drowsiness and depression. While Externalizing habits and disorders are generally identified by acts in the outside world, such as reacting out, anti social behavior, violence, and aggression.

Externalisation is mostly associated with our youthful time when we are young wild and free and a s we grow we outgrow such behaviour due to responsibility and interactions of life so therefore it decreases. While internalisation increases as we grow older because of the people we met and the responsibilities and life changing experience we have had.

6 0
3 years ago
What is the most important way the federal reserve ensures the United States money supply is safe and in circulation
BlackZzzverrR [31]

Answer:

Federal Reserve increases the money supply in the hands of the public if it buys back issued securities from large banks.

Explanation:

Federal Reserve increases the money supply in the hands of the public if it buys back issued securities from large banks. Conversely, Federal Reserve decreases the money supply in the hands of the public if it sells securities. As a result, the money supply increases.

Federal reserve provides and maintains an effective and efficient payment system. It also regulates banking operations.

5 0
2 years ago
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Sonbull [250]

Answer:

I don't know

Explanation:

can you help me with my question Enter the coordinates of the point on the unit circle at the given angle. 270° ([?], [ ] Enter

3 0
2 years ago
Which of these is the largest difference between developed and developing countries?
Nuetrik [128]
<span>As there is no set of options given with the question, we'd go with one difference which is most conspicuous between the two types of countries. That difference is the standard of living and amenities in the incone range of the masses. In developing countries, people still have to give up on necessary amenities which are normal to have in developed countries.</span>
8 0
3 years ago
Read 2 more answers
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