The extra costs incurred to avoid holding cash when there is inflation is called Shoe Leather cost.
<h3>What do you understand by inflation?</h3>
The rate of price growth over a set time period is known as inflation. Sometimes the amount of inflation is expressed in general terms, such as the overall rise in price or the rise in the cost of living nationwide. However, it can also be calculated with more accuracy for some goods, such as food, or for services, like a haircut, etc. In any circumstance, inflation refers to how much the necessary array of goods and/or services has increased in price during a specific time period, most usually a year.
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Answer:
$84,000
Explanation:
The computation of the ending inventory using the FIFO method under the periodic inventory system is shown below:
Since 7,000 units are on hand which represents the 7,000 units are taken from the August 28 date for $12 each i.e
= 7,000 units × $12
= $84,000
By dividing the 7,000 units at $12 each we can get the ending inventory
Answer:
III and IV
Explanation:
You don't have to be interested in something to be good at it. A job you like and accommodates your interests is not a guaranty.
Answer: Option (E)
Explanation:
E-business also known as online business is also referred to as any type of commercial transaction or business that tends to include sharing of information and data across internet. Commerce mostly constitutes exchange of commodity, products and other services in between groups, businesses and also individuals and thus can be easily seen as an essential activity of a business organization.
