The correct answer is to create goodwill with the audience. This issue is really important for everybody . In Arequipa, the second city in Peru, a big company wanted to build a mall in a residential area and it had all the city council licenses and apparently everything was all right but the neighbors didn't want the mall to be built because they lived in a residential area and they didn't want their lifestyle to change. Building a mall also implies a lot of noises and the companies had to work at nights which neighbors opposed strongly. So far the company hasn't built the mall because it couldn't obtain the social license or create goodwill with the audience.
The extra costs incurred to avoid holding cash when there is inflation is called Shoe Leather cost.
<h3>What do you understand by inflation?</h3>
The rate of price growth over a set time period is known as inflation. Sometimes the amount of inflation is expressed in general terms, such as the overall rise in price or the rise in the cost of living nationwide. However, it can also be calculated with more accuracy for some goods, such as food, or for services, like a haircut, etc. In any circumstance, inflation refers to how much the necessary array of goods and/or services has increased in price during a specific time period, most usually a year.
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Answer:
$7,604,500
Explanation:
Total cost of goods sold:
= Cost of goods sold of Patti Company + Cost of goods sold of Shannon Inc.
= $7,500,000 + $160,000
= $7,660,000
Consolidated cost of goods sold:
= Total cost of goods sold - Intra-Entity sales added in cost of goods sold of Shannon Inc. + Unrealized profit on ending inventory eliminated by adjusting cost of goods sold
= $7,660,000 - $60,000 + ($60,000 × 0.25) × 30%
= $7,660,000 - $60,000 + $4,500
= $7,604,500
If you multiply $299.70x 62- 14,000months you get = 4,581.4 so yeah
Buying goods and services not for their intrinsic value but for the purpose of impressing others is called Conspicuous consumption.
What is Conspicuous consumption?
Conspicuous consumption is the act of acquiring things or services specifically with the intention of flaunting one's wealth. When publicly displayed products and services are too expensive for other people in a person's class, conspicuous consumption is a way to demonstrate one's social position. Although it is frequently associated with the wealthy, this type of consumerism can occur in any income class.
Conspicuous consumption is characterized by buying products that are solely intended to serve as symbols of wealth, such as apparel with luxury brand labels, cutting-edge equipment and toys, and automobiles.
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