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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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2. When the economy is in a recession, the Federal Reserve usually cuts interest rates. Why would the federal government do this
Airida [17]
The purpose of the Federal Reserve cutting interest rates during a recession is to encourage borrowing (borrowing becomes cheaper) and in this way especially for companies they may spend more money then  on improvements, new products etc so the economy theoretically will be stimulated to counteract the recession.
7 0
3 years ago
a. Business receives $3,000 on January 1 for 10-month service contract for the period January 1 through October 31. (When the ca
stiks02 [169]

<u>Solution:</u>

Deffered revenue means when an organization receives the payment prior to the goods delivered to conusmer. In the given case, business receives $3000 on 1, January for ten month service (From january to October).

<u>The revenue per month needs to be calculated:</u>

Revenue per month = Revenue for ten months divided by Total number of months

By putting the figures we get,

Revenue per month = $3000 divided by 10 = $300 per month

An adjusting entry needs to be passed:        

Date             Particulars                                debit                  credit  

31st jan        Unearned Revenue                 $300

                       Service Revenue                                              $300

( Service revenue that has been collected in advance)                      

7 0
3 years ago
What is a digital footprint?
mrs_skeptik [129]
<span>A digital footprint is information about a particular person that exists on the web as a result of their internet activity.</span>
4 0
3 years ago
Read 2 more answers
The winner of the first annual Tom Morris Golf Invitational won $105 in the competition which was held in 1899. In 2015, the win
antoniya [11.8K]

$25968406.94.

a. Computation of Effective Interest Rate

Future Value = Present Value * (1 + r)^n

Future Value = $1460000

Present Value = $105

n = Number of Years = 116 Years

Future Value = Present Value * (1 + r)^n

1460000 = 105 * (1 + r)^116

13904.76 = (1 + r)^116

1.0857 = 1 + r

Effective Interest Rate = 8.57%

b.Future Value in the year 2050

Future Value = Present Value * (1 + r)^n

Present Value = $1460000

n = Number of Years = 35 Years

Future Value = Present Value * (1 + r)^n

Future Value = 1460000 * (1 + 0.0857)^35

Future Value = 1460000 * 17.7866

Future Value in the year 2050= $25968406.94.

Learn more about interest rates at

brainly.com/question/25793394

#SPJ2

5 0
2 years ago
An individual buys stock at $40 per share. Many years later, the individual dies when the market value is $60. The estate distri
marissa [1.9K]

Answer:

$60

Explanation:

An individual buys stock at $40 per share. Many years later, the individual dies when the market value is $60. The estate distributes the shares to a beneficiary when the stock is worth $70. Therefore the cost basis to the beneficiary is

The cost basis by definition is usually equal to the fair market value of the property or asset at the time of the decedent's death or when the actual transfer of assets was made.

However for the purpose to be served to reduce the tax due on the inheritance, we have chosen to opt for the fair market value of the property or asset at the time of the decedent's death which is $60

3 0
3 years ago
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