Business, 09.09.2019 23:20 cpcoolestkid4

Joy's java café needs $4,000 cash per day for customer transactions. joy has a choice between going to the bank first thing on monday morning to withdraw $20,000 - enough cash for the whole week - or going to the bank first thing every morning for $4,000 each time. joy puts the cost of going to the bank at $3 per trip. assume that funds left in the bank earn precisely enough interest to keep their purchasing power unaffected by inflation. joy's java cafe is open 5 days a week for 50 weeks each year. when the inflation rate is 10% joy goes to the bank everyday instead of once a week. joy's annual shoe leather costs of inflation equal
a. $ 3
b. $150
c. $600
d. $750

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Joy's java café needs $4,000 cash per day for customer transactions. joy has a choice between going...