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3 years ago

Which of the following is an example of representative money?

2 answers:

5 0

"Representative money<span> is an item such as a token or piece of paper that has no intrinsic value but can be exchanged on demand for a commodity that does have intrinsic value, such as gold, silver, copper, and even tobacco" Google.

</span>C) A check.

djverab [1.8K]3 years ago

3 0

C is the correct answer

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Alyeska Services Company, a division of a major oil company, provides various services to the operators of the North Slope oil f

Korolek [52]

Answer:

1. 32.80%

2. 50.54 times

3. 16.57%

Explanation:

1. Computation of margin for Alyeska Services Company is below:-

Margin = Net operating income ÷ Sales

= $6,100,000 ÷ $18,600,000

= 32.80%

2. Computation of turnover for Alyeska Services Company

Turnover = Sales ÷ Average Operating Assets

= $18,600,000 ÷ $36,800,000

= 50.54 times

3. Computation of return on investment for Alyeska Services Company

Return on investment = Margin × Turnover

= 32.80% × 50.54

= 16.57%

7 0

3 years ago

8. Zelda owns a 50% general interest in YZ Partnership. At the beginning of the current year, the adjusted basis in her partners

valentinak56 [21]

Answer:

$52,500

Explanation:

Computation for Zelda’s adjusted basis in the partnership at the end of the year.

Zelda’s adjusted basis=$95,000-(50%*$110,000)+(50%*$15,000)+$5,000

Zelda’s adjusted basis=$95,000-$55,000+$7,500+$5,000

Zelda’s adjusted basis= $52,500

Based on the information given we assumed 50% because Zelda is a 50% partner.

Therefore Zelda’s adjusted basis in the partnership at the end of the year will be $52,500

7 0

3 years ago

The Wall Street Journal reported the following spot and forward rates for the Swiss franc ($/SF):Spot...........................

Gnoma [55]

Answer:

The Wall Street Journal Reports

a. The Swiss franc was selling at a premium in the forward market.

b. The 30-day forward premium was: $0.0049.

c. The 90-day forward premium was: $0.0099.

d. Dollars to receive from a 90-day forward contract is $95,310.

Explanation:

a) Data and Calculations:

Spot and forward rates for the Swiss franc ($/SF):

Spot............................................ $0.9432

30-day forward.......................... $0.9481

90-day forward.......................... $0.9531

180-day forward........................ $0.9594

Premium:

30-day forward.......................... $0.9481

Spot............................................ $0.9432

Premium = $0.0049

90-day forward.......................... $0.9531

Spot............................................ $0.9432

Premium = $0.0099

180-day forward........................ $0.9594

Spot............................................ $0.9432

Premium = $0.0162

Dollars to receive from a 90-day forward contract is $95,310 ($0.9531 * SF 100,000)

6 0

3 years ago

A bond that pays interest annually yielded 6.01 percent last year. The inflation rate for the same period was 3 percent. Given t

Schach [20]

Answer:

2.3%

Explanation:

The computation of the actual real rate of return is shown below:-

Actual real rate of return on this bond for last year = ((1 + Nominal rate of interest ) ÷ (1 + Inflation rate of return)) - 1

= ((1 + 0.0601) ÷ (1 + 0.03)) - 1

= 1.0601 ÷ 1.03 - 1

= 1.023 - 1

= 0.023

= 2.3%

Therefore for computing the actual rate of return we simply applied the above formula.

6 0

3 years ago

You own a portfolio that is invested 35 percent in Stock X, 20 percent in Stock Y, and 45 percent in Stock Z. The expected retur

Naddik [55]

Answer:

Expected return - Portfolio = 0.1155 or 11.55%

Explanation:

The expected return on the portfolio is the weighted average of the expected returns of the individual stocks that form up the portfolio. Thus, the formula for the expected return of the portfolio is,

Expected return - Portfolio = rA * wA + rB * wB + ... + rN * wN

Where,

rA, rB, ... represents the expected return on stock A, return on stock B and so on
w represents the weight of each stock in the portfolio

Expected return - Portfolio = 0.09 * 0.35 + 0.15 * 0.2 + 0.12 * 0.45

Expected return - Portfolio = 0.1155 or 11.55%

3 0

3 years ago