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4 years ago

Which accurately explains why fiat money has value

Business

2 answers:

Alla [95]4 years ago

6 0

Possibly medium exchange or lots or loans?

irga5000 [103]4 years ago

5 0

Answer:

Fiat money has value because the government declares that it has value.

Explanation:

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A sinking fund provision is _______ to investors, so bonds with a sinking fund provision generally have _______ yields than bond

olchik [2.2K]

A sinking fund provision is attractive; to investors, so bonds with a sinking fund provision generally have lower yields than bonds without.

What is sinking fund provision?

Sinking provision means setting funds over time which are meant to repay the bond principal amount at bond maturity , in other words, a bond with such provision is safe because to a large extent, there would be no default on repayment of principal.

Besides, the fact that sinking fund provision on bonds is attractive means such bonds would earn lower yield as there is an inverse relationship between risk and return

Find out more about sinking fund provision on:brainly.com/question/14778799

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Full question with options:

A sinking fund provision is ________ to investors, so bonds with a sinking fund provision generally have _______ yields than bonds without.

a. unattractive; higher

b. unattractive; lower

c. attractive; lower

d. attractive; higher

3 0

2 years ago

James, Keller, and Rivers have the following capital balances; $48,000, $70,000 and $90,000 respectively. Because of a cash shor

Vilka [71]

Answer:

Capital balances of each partners

James Keller River

opening balance $48,000 $70,000 $90,000

Additional Capital 12,000

Salary 13,000 15,000 20,000

Interest on capital 4,400 5,600 7200

Drawings (12,000) (12,000) (12,000)

share of loss (7040) (10560) (17600)

closing balance 58,360 68,040 87,600

Explanation:

1. Interest on capital is based on weighted average capital balance without regard to normal drawings

James =( 8% * 48,000) + ( 8%* 12,000 * 7/12) = $4,400

on the additional capital invested by James, interest on capital will be calculated for 7months

Keller = 8% * 70,000 = $5,600

River = 8% * 90,000 = 7200

Appropriation

Net income $30,000

Interest on capital(4400 + 5600+7200) 17,200

salary (13,000+15000+20000) 48,000 (65,200)

share of loss : James 7,040

keller 10,560

River 17600 35,200

7 0

3 years ago

Roberto and Reagan are both 25-percent owner/managers for Bright Light Inc. Roberto runs the retail store in Sacramento, CA, and

user100 [1]

Answer:

net income of Reagan = $5000

Explanation:

given data

profit companywide = $125,000

profit from the Sacramento = $75,000

loss from the San Francisco = $25,000

profit from the remaining stores = $75,000

to find out

how much income will be allocated to Reagan

solution

we know that Reagan's Profit From own store is 25,000 and 70% belongs to them only

so here profit to be distributed on pro rata basis will be as

profit to be distributed = $75000 + 30% of Roberto profit - 30% of Reagan profit ..................1

profit to be distributed = $75000 + 30% × $75,000 - 30% × $25,000

profit to be distributed = $90000

and here share of Reagan is = 25% of $90000

share of Reagan = $22500

so net income of Reagan will be here as

net income of Reagan = $22500 - 70% of 25000

net income of Reagan = $5000

7 0

3 years ago

A(n) ________ is(are) prepared ________ adjusting entries have been journalized and posted. A : adjusted trial balance; after B

andreev551 [17]

Answer:

A : adjusted trial balance; after

Explanation:

As we know that the trial balance shows an equal balance in both the debit and credit side

The adjusted trial balance also does the same but it would be prepared when the adjusting entries are passed.

In both, the trial balance, the total of debit and the credit columns should always be equaled and matched

Hence, the correct option is a.

7 0

3 years ago

Knappert Corporation makes one product and has provided the following information:

Alex_Xolod [135]

Answer:

$113.0

Explanation:

A. Cost of material (M):

$M=3*5.00\\M=\$15.00\ per\ unit$

B. Cost of Labor (L):

$L=24*2.80\\L=\$67.20\ per\ unit$

C. Manufacturing overhead (O):

$O=11*2.80\\O=\$30.80\ per\ unit$

D. Selling and administrative expense (S):

Those should not be included in the product cost.

Total cost per unit is:

$U = M+L+O= 15.00+67.20+30.80\\U=\$113.00$

The unit product cost is closest to: $113.00.

3 0

3 years ago