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Tems11 [23]
3 years ago
14

Nick 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 costs
b. shoe-leather costs
c. unit-of-account costs
Business
1 answer:
adelina 88 [10]3 years ago
4 0

Answer:

I believe the answer is B, so Shoe leather Cost

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Global Corp. wants to launch a new product. The determinant attributes for the product were identified, and the range for each s
Doss [256]

Answer: Trade off analysis

       

Explanation: In simple words, it refers to the decision making technique under which the decision maker gives up one thing for gaining the other.

    In the given case, Global corp. were asking their consumers to prioritize the attributes they were expecting from the new product. The higher demanded attribute would have been added and the lower one will be neglected.

Hence from the above we can conclude that the correct answer is trade off.

3 0
3 years ago
Donham Corporation had $25,000 of raw materials on hand on May 1. During the month, the Corporation purchased an additional $65,
BlackZzzverrR [31]

Answer:

d. $66,000

Explanation:

Raw Material requisition = $66,000

Raw Material requisition is transferred to work in process account by following entry

                                               Dr.           Cr.

Work in process               $66,000

Raw Material Inventory                    $66,000

The debits to the Work in Process account as a consequence of the raw materials transactions in May is $66,000.

8 0
4 years ago
Lauren purchased a personal umbrella policy with a $1 million limit and a $1,000 self-insured retention. Her insurer required he
givi [52]

Answer:

$99,000

Explanation:

The amount of $100,000 will be split between both Tina and the insurer in which the amount of $1,000 will be cover by Tina based on her self-insured retention policy while the insurer on the other hand will cover the remaining amount of $99,000 calculated as ($100,000-$1,000).

Therefore the amount that the insurer will pay under Tina's personal umbrella policy will be $99,000

4 0
3 years ago
During 2019, Ocean Consulting had the following transactions with it clients (customers): On February 1, 2019, the company recei
GalinKa [24]
Just add the number e s and you will end up with 60
3 0
3 years ago
Suppose that for a particular firm the only variable input into the production process is labor and that output equals zero when
antiseptic1488 [7]

Answer:

d. $35

Explanation:

   (1)                            (2)                                              (1) × (2)

No of units          Avg total cost   Marginal Cost   Total Cost  

5 units                      $30                        -                       $150               -                    

6 units                      $35                        $60                 $210      

Total Cost for 6 units = 150$ + $60 (marginal cost) =  $210

Average total cost = $210 ÷ 6 units = $35

Marginal cost is the change in total cost when an additional unit of output is produced.

Average total cost is the total cost per unit of output produced.

3 0
4 years ago
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