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dimulka [17.4K]
3 years ago
10

Alex manages a grocery store in a country experiencing a high rate of inflation. He is paid in cash twice per month. On payday,

he immediately goes out and buys all the goods he will need over the next two weeks in order to prevent the money in his wallet from losing value. What he can't spend, he converts into a more stable foreign currency for a steep fee. This is an example of the:____of inflation.a. menu cost.b. shoe-leather costs.c. unit-of-account costs.
Business
1 answer:
statuscvo [17]3 years ago
3 0

Answer: b. shoe-leather costs

Explanation:

This is the shoe-leather cost inflation. It refers to the time and effort expended by people to ensure that they are able to avoid their cash losing too much value to inflation. Includes for instance, going to the bank multiple times because you are holding little cash on hand so it does not lose value.

It is named shoe-leather costs as a play on words because it is assumed that the time and effort put will result in walking around alot and degrading the quality of your shoes.

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5 0
3 years ago
At the level of middle management, the database must be able to ________ . Group of answer choices:O provide a framework for def
Furkat [3]

Answer:

-Deliver the data necessary for tactical decisions and planning

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-Provide a framework for defining and enforcing and ensuring the security and privacy of the data in the database

Explanation:

In <em>data management</em>, the implementation of a database always results in a change in both operations and management.

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6 0
3 years ago
Three years ago shawheen deposited 5,000 in a savings account
krek1111 [17]

what's the question???????

8 0
2 years ago
The Harrisburg Store has net working capital of $2,715, net fixed assets of $22,407, sales of $31,350, and current liabilities o
Maurinko [17]

Answer:

1.08 dollars of sales are generated from every $1 in total assets.

Explanation:

Calculate Current asset from net working capital formula:

Net Working capital = Current Assets - Current Liabilities

$2,715 = Current Assets - $3,908

Current Assets = $2,715 + $3,908

Current Assets = $6,623

Now calculate Total Assets:

Total Assets = Fixed Asset + Current Assets

Total Assets = $22,407 + $6,623

Total Assets = $29,030

We can calculate dollars' worth of sales are generated from every $1 in total assets by following formula:

Asset turnover ratio = Net Sales / Total Assets

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An investor buys 100 shares of walmart at $45 per share on margin with an initial margin of 70% and a maintenance margin of 25%.
lana [24]
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