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3 years ago

7. Identifying costs of inflation

Business

1 answer:

Kobotan [32]3 years ago

6 0

Answer:

C. Shoesleather costs

Explanation:

Shoe-leather costs refer to the time, energy and effort people take such as holding less amount of money and going to the bank quite often to make deposits in order to counteract the effect of inflation on the eroding purchasing power of money.

In order to prevent the value of money in her cash register from falling too quickly, Juanita 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.

Hence, this is an example of the Shoes-leather costs of inflation.

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In modern economies, _____________________ receive money from savers and provide funds to borrowers.

Phoenix [80]

Answer:

financial intermediaries

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Some communities, such as grasslands, may never really reach f.e. clements's concept of a climax stage because

Dmitriy789 [7]

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3 years ago

Your aunt has promised to give you $5,000 when you graduate from college. You expect to graduate three years from now. If you sp

ikadub [295]

Answer:

The present value of the promised gift will:

be less than $5,000.

Explanation:

The present value of $5,000 to be received in three years' time from today is less than $5,000 received. This is explained by the time value of money concept. If the $5,000 gift is discounted to today's value, using a discount factor of 0.751 (10% in three years' time), it would be $3,755 ($5,000 * 0.751). This means that $5,000 received in year 3 is less than $5,000 received today.

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3 years ago

Barbara went to a business dinner, and unlike her colleagues who simply placed orders for "red" wine, Barbara requested a bottle

const2013 [10]

Answer:

Cultural capital

Explanation:

Cultural capital consists of knowledge about artistic trends and cultural acts that one can use to establish oneself in society, and demonstrate a particular social-standing. It also consists of tastes, preferences, and even ways of speaking, living, and moving.

The term was coined by French sociologist Pierre Bordieu. According to him, cultural capital is a form of class distinction, because the access to certain cultural products depends on variables such as race, ethnicity, income, sex, and religion.

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3 years ago

On December 31, Jarden Co.'s Allowance for Doubtful Accounts has an unadjusted credit balance of $16,500. Jarden prepares a sche

Anton [14]

Answer:

Jarden Co.

a. The required balance of the Allowance for Doubtful Accounts at December 31, using an aging of accounts receivable is:

= $44,598.

b. Adjusting Journal Entry:

Debit Bad Debts Expense $28,098

Credit Allowance for Doubtful Accounts $28,098

To record the bad debts expense and bring the Allowance for Doubtful Accounts to a credit balance of $44,598.

Explanation:

a) Data and Calculations:

Allowance for Doubtful Accounts, credit balance = $16,500

Accounts Age of Accounts Expected Uncollectible

Receivable Receivable Uncollectible Allowance

Percent

$880,000 Not yet due 1.30% $11,440 ($880,000*1.30%)

352,000 1 to 30 days past due 2.05 7,216 ($352,000*2.05%)

70,400 31 to 60 days past due 6.55 4,611 ($70,400*6.55%)

35,200 61 to 90 days past due 33.00 11,616 ($35,200*33.00%)

14,080 Over 90 days past due 69.00 9,715 ($14,080*69%)

$1,351,680 $44,598

Adjustment:

Ending balance $44,598

Beginning balance $16,500

Bad Debts Expense $28,098

6 0

3 years ago