What is application software used for?

People go to the bank more frequently to reduce currency holdings when inflation is high. The sacrifice of time and convenience

IrinaK [193]

Answer:

c. shoe leather cost.

Explanation:

During times of high inflation, interest rates usually go up. Money in the banks earns higher interest compared to when inflation is low. When the inflation rate is high, the prices of goods and services increase rapidly, resulting in a reduction in currency's purchasing power.

Individuals and firms opt to keep as little cash in hand as possible. Holding a lot of cash at such times is not prudent as banks offer high-interest rates. Keeping cash become costly due to currency depreciation. As firms and households keep most of the money in banks, they incur a lot of transport costs and time going to banks to withdraw cash for normal expenses. The time and transport costs incurred are referred to as shoe leather costs.

6 0

3 years ago

Which sentences in this paragraph describe two government policies that liberalize the economy? The government of a country obse

ehidna [41]

(C) "In addition, it introduces a policy to provide free education to all children up to grade 10." This step is aimed at producing more skilled labor. I hope this helps you! <3

6 0

3 years ago

Read 2 more answers

If you have a problem with your creditor, the best solution is to: A. file a lawsuit against the creditor. B. solve your problem

____ [38]

the correct answer is

B) solve your problem directly with the creditor

4 0

4 years ago

Read 2 more answers

Jones Corp. reported current assets of $191,000 and current liabilities of $136,000 on its most recent balance sheet. The curren

stiks02 [169]

Answer:

acid-test ratio 1,4044

Explanation:

We are asked for a variation ofthe current ratio

whie current ratio is determinate like:

$\frac{current\: assets }{current\: liab}$

the acid-test will remove inventory from the current assets, leaving only cash, marketable securities and accounts receivables considered for the calculations:

191,000 current assets - 85,000 inventory = 106,000

136,000 current liabilities

191,600 / 136,000 = 1,4044

7 0

3 years ago

The Tolar Corporation has 400 obsolete desk calculators that are carried in inventory at a total cost of $26,800. If these calcu

solong [7]

Answer:

b. $8,800

Explanation:

Alternative 1

Cost of calculators with upgrade = $26,800 + $10,000 = $36,800

Selling Price of Calculators after upgrade =$30,000

Loss on selling after upgrade = $36,800-$30,000 =$6,800 loss

Alternative 2

Selling price of calculators without upgrade = $11,200

Loss on selling without upgrade = $26,800 - $11,200 = $15,600

Therefor, it is advisable to upgrade the calculators because Tolar Corporation would incur loss of only $6,800 after the upgrade. If it does not upgrade, it will incur a loss of $15,600.

If Tolar Corporation went for the upgrade, it will have a financial advantage of $8,800 ($15,600-$6,800)

4 0

3 years ago