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Alexxx [7]
3 years ago
9

Sam manages a grocery store in a country experiencing a high rate of inflation. to keep up with inflation, he spends a lot of ti

me every day updating the prices, printing new price tags, and sending out newspaper inserts advertising the new prices. his employees regularly deal with customer annoyance over the frequent price changes. this is an example of the of inflation.
Business
1 answer:
pogonyaev3 years ago
8 0
T<span>his is an example of the menu costs of inflation.  A </span>menu cost<span> is the </span>cost incurred<span> to a firm resulting from changing its prices. The name stems from the </span>cost<span> of restaurants literally printing new </span>menus, but economists use it to refer to the costs<span> of changing prices in general, printing new tags and sending newspaper inserts to advertise the new price,</span>
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Ruth Lewis is interested in buying a five-year zero coupon bond with a face value of $1,000. She understands that the market int
bearhunter [10]

Answer:

Bond Price = $580.2640476 rounded off to $580.26

Explanation:

A zero coupon bond is a kind of bond that does not pay interest to the bond holder like other bonds. Instead it is offered at a discount price and pays the par value at maturity. The discount price is calculated using a certain rate which can also be called the implied interest rate on this zero coupon bond. The formula to calculate the price of the zero coupon bond is,

Bond Price = Par Value / (1 + r)^t

Where,

  • r is the interest rate or the discount rate
  • t is the number of periods to maturity

Bond Price = 1000 / (1+0.115)^5

Bond Price = $580.2640476 rounded off to $580.26

7 0
3 years ago
An entrepreneur keeps backup funds in a savings account so that if their business experiences a loss, they will be able to recup
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5 0
3 years ago
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If you spend 8.50 for lunch on Monday 3.95 on Tuesday and 11.15 on Friday how much have you spent for lunch this week
ELEN [110]
You just add up all the numbers and you get the answer which is 23.60
5 0
3 years ago
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Select cost information for Seacrest Enterprises is as follows: 1,000 units of output 5,000 units of output Total Cost/Unit Tota
gayaneshka [121]

Answer:

c. Utilities expense is a mixed cost and rent expense is a fixed cost.

Explanation:

Seacrest Enterprises

                                        1000 units                       5000 Units

                  Total Cost     Total Cost /Unit     Total Cost       Total Cost/Unit

Direct materials  $5,000               $5.00        $25,000          $5.00

Utilities expense  $1,000                 $1.0 0        $3,750            $0.75

Rent expense        $4,000                    $4.00         $4,000            $0.80

Direct Materials show variable Costs

Utilities expense show mixed costs

Rent Expense show fixed costs

The correct answer is

c. Utilities expense is a mixed cost and rent expense is a fixed cost.

4 0
3 years ago
Lindsey Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A
natita [175]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the activities rate:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Activity 1= 24,000 / 1,000= $24 per activity unit

Activity 2= 36,900 / 900= $41 per activity unit

Activity 3= 63,000 / 1,800= $35 per activity unit

<u>Now, we can allocate costs to product A:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Activity 1= 24*200= $4,800

Activity 2= 41*750= $30,750

Activity 3= 35*1,000= $35,000

Total allocated costs= $70,550

<u>Finally, the unitary cost:</u>

Unitary cost= 70,550 / 5,000= $14.11

3 0
3 years ago
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