Answer: Option a
Explanation: In simple words, the value of effort and time (or economic cost of effort and time) which individuals spend by keeping less money to offset the inflation tax they pay on cash holdings whenever higher inflation occurs is called shoe leather cost.
Increased cost of shoe-leather is one of the inflationary impacts. In a time of high inflation, individuals are discouraged from keeping large sums of money because their worth is rapidly deteriorating compared to the economy's increasing prices.
Answer:
management science
Explanation:
Operations management refers to the area of management whose primary concern is the design and control of production as well as the redesigning of business operations.
It is a very important aspect of management. Advancement in management sciences leads to advancement in operations management.
Answer:
The correct option is increases in current liabilities are added to net income.
Explanation:
The rationale for adding increases in current liabilities is that the increase in current liabilities represents cash that should have been paid but retained in the business,hence it is an increase in cash inflow.
The opposite is the case for reduction in current liabilities as the reduction denotes that cash of the business has been used in paying the creditors,hence cash has gone down.The appropriate treatment would to subtract the reduction in current liabilities
I believe that it’s C
ANSWER =C
Answer:
The answer is c. It is recognized as authoritative by the United States Securities and Exchange Commission and the American Institute of Certified Public Accountants.
Explanation:
IASB and it's standards are not accepted nor used in the United States of America as they have a seperate body and a seperate set of standards that are used in accounting and financial reporting and presentation.
These are known as Generally Accepted Accounting Practices or US GAAP which are issued by the Financial Accounting Standards Board (FASB) of USA.
