It is not the easiest to find something good to do with a dollar. You can’t even buy anything at the Dollar Tree because with tax, you are spending $1.07. You could buy a Ricker’s soda, I guess, but that’s not really going to make an impact on anyone’s life. With my dollar, I decided to exchange it for one hundred pennies at Payless. Why would I want a hundred pennies? Well, I took those hundred pennies and spread them all across Muncie, Indiana while I was at shopping on Friday. I put all the…
Penny's? Do we really need them? all we do with penny's is either throw them away into fountains, ponds and even on the ground or we just store penny's in jars, boxes, bags. There is no reason to have the penny anymore all they do is cost people money to make them, and they take up a lot of space on our dressers, wallets, counters and etc. They also take up a lot of time if we didn't have to penny we would have more time to do other things instead of counting pennies for hours of the day.There…
In the article Abolish the Penny by William Sapphire, a former speechwriter for Nixon tells us his opinion on the penny being abolished. He had a very strong passion towards it being abolished and quite frankly, I agree with him too. I agree with the abolish the penny article because there is nothing that we can buy with the penny, America has nostalgia when it comes to traditions, and As Sapphire puts it "you can't buy anything with a penny anymore. Penny candy? Not for sale at the…
Money a great part of our lives which allows us to sustain ourselves through the purchase of our needs. We have our bills and coins, but from these coins, but from these coins pennies are the one with the least value in terms of how much value they represent, as well, as for how they are seen by some US citizens as unnecessary. As a result, an argument over whether or not the penny should be eliminated from our circulation money system has been going on since Jim Kolbe's claim to Congress that…
Explain what is meant by an equilibrium exchange rate. The equilibrium exchange rate is commonly defined as the currency rate of exchange where both the currencies being supplied is equal to the demand for it (Economics Online, 2014). According to Glossary of Statistical term (2002), the equilibrium exchange rate that is equal to currency’s purchasing power parity. It is determined differently using different monetary standards. The equilibrium exchange rate can be stable in addition to being…
Sommer, in “Penny Wise, or 2.4 Cents Foolish?,” says, “Taxpayers lost $60.2 million on the production and distribution of pennies in recent years,”(Source 1). The one cent may not be a lot, even when added together, but we still…
the end of this paragraph I hope you are for the penny because of how important it is to the U.S.A If we get rid of the penny prices will go up. For example if cookies were 97 cents, the prices would go up from 97 cents to a dollar because you won't have the exact change because of no pennys. The cost of the penny is 1.7 cents more than what the penny was worth but if we changed the…
I have been working at Kum and Go since May 2016. In my 7 months working here I find it strange we throw away so much receipt paper. We ask every customer if they would like their receipt and about 9 out of 10 people say they don't. Now I work at a slower store in Colorado Springs and we probably go through a box of receipt paper every 2 weeks sometimes 3 boxes in a month during the summer. Now if all 422 stores in the country are using the same amount of receipt paper as my store at 3 boxes a…
For example, if the Kellogg Company where to create a new cereal at the cost of one dollar and eighty-nine cents a box, they could not afford to sell that cereal for one dollar and fifty cents a box. They would run themselves out of business very quickly, or they would decide against making that box of cereal and keep making the other boxes that are less cost effective. The solution seems very…
other countries with no terrible consequences. The penny is surely not worth the trouble it causes and the burdens we have to endure by keeping them. Pennies are worth one cent, but producing pennies can cost even more than double that price. At a point in America’s history, the production and distribution cost 2.41 cents (Sommer). Many will state that the penny is just not worth the harm it induces. From an economical view, it is regarded as a waste of money, and for good reason (Sommer).…