All categories

3 years ago

Why do you think coins have been a more desirable form of money than paper currency throughout u.s history?

1 answer:

6 0

Hello!!

The metal coins are/were made from is worth more tangibly than the paper that currency notes were written on.

Hope this helps! Thank you!!

You might be interested in

Bonds Payable has a balance of $1,000,000 and Discount on Bonds Payable has a balance of $10,000. If the issuing corporation red

zheka24 [161]

Answer:

Bonds Payable $1000000 Dr

Gain on redemption $15000 Cr

Discount on bonds Payable $10000 Cr

Cash $975000 Cr

Explanation:

The face value of bonds payable is $1000000 while they are a discount bond and carry a discount of $10000. The value of bonds is 1000000 - 10000 = 990000.

The bonds, however, are redeemed at 97.5 which means they are redeemed by paying 97.5% of face value which comes out to be 975000.

Thus, the difference between their value and the redemption price is the gain as value is greater than the price paid for them at redemption.

Gain = 990000 - 975000 = $15000

5 0

3 years ago

Read 2 more answers

The Herman Company uses a joint process to produce products W, X, Y and Z. Each product may be sold at its split-off point or pr

Gala2k [10]

Answer:

W: positive contribution of 6,000

Z: positive contribution of 1,000

X: negative of 1,000

Y: negative of 6,500

Explanation:

value at the end- value at split off = value added for processing:

value added - addtional cost = advantage/disadvantage of processing

W (22,500- 7,500) - 9,000 = 15,000 - 9,000 = 6,000

X (20,000 - 13,5000) - 7,500 = 6,500 - 7,500 = (1,000)

Y (15,000 - 9,000) - 12,500 = 6,000 - 12,500 = (6,500)

Z (12,500 - 6,500) - 5,500 = 6,000 - 5,500 = 1,000

7 0

3 years ago

The common stock of the C.A.L.L. Corporation has been trading in a narrow range around $125 per share for months, and you believ

Bezzdna [24]

Answer:

The price of a 6-month call option on C.A.L.L. stock is $13.52

Explanation:

According to the given data we have the following:

P = Price of 6-months put option=$10.50.

So = Current price=$125

X = Exrecise price=$125

r = Risk free interest rate= 5%

T = Time 6 months = 1/2

In order to calculate the price of a 6-month call option on C.A.L.L. stock at an exercise price of $125 if it is at the money, we would have to use the formula of put-call parity as follows:

C=P+So- ( X )

( 1+r)∧T

C=$10.50+$125-($125 )

(1+0.05)∧1/2

C=$135.5-121.98

C=$13.52

The price of a 6-month call option on C.A.L.L. stock is $13.52

3 0

3 years ago

Is there anyone who's good in economics that can help me with my questions and can provide me the CORRECT answers, please?

Alex777 [14]

I am willing to assist you in economics I passed with an A !

6 0

3 years ago

Read 2 more answers

Suppose you started a new all-equity financed company that is expected to generate an ROE of 15% indefinitely. The current book

Luda [366]

Answer:

The value of the stock at start-up = $67.5

Explanation:

According to the dividend valuation model , the current price of a stock is the present value of the expected future dividends discounted at the required rate of return

This principle can be applied as follows:

The value of stock today is the present value of the future return discounted at the required rate of return

The return can be computed as the ROE × Book value of share

Return = 15%× 30 =4.5

Price of stock today = D× (1+g)/r-g

D= current return, g- growth rate, r-required rate of return

DATA: D= 4.5, g= 5%, r= 12%

PV = 4.5× (1.05)/(0.12-0.05)

= 67.5

The value of the stock at start-up = $67.5

7 0

3 years ago