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LenaWriter [7]
4 years ago
11

What was the economic relationship between Chicago and Chile? ​

Business
1 answer:
Liula [17]4 years ago
5 0

Answer:

In the late 1960s and early 1970s, a small group of Chilean students went to the University of Chicago to obtain graduate degrees in economics. By that time, the University of Chicago was led by Milton Friedman, an economist known for his defense of market liberalism and private property.

After Chilean Dictator Augusto Pinochet overthrew former president Salvador Allende (who killed himself), Pinochet called upon some of these Chicago-graduates to advise him on economic matteers. This lead to the implementation of liberal policies such as privatization of public services, pensions, and healthcare, the reduction of taxes, and the elimination of syndicates.

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Assume that interest rates on 20-year Treasury and 20-year corporate bonds are as follows T-bond = 3.72% AAA = 4.12% A = 4.64% B
Luba_88 [7]

Answer: Default risk differences.

Explanation:

The Default risk is the inherent risk a lender faces that a borrower will not pay them back the debt they want to borrow. The lender will therefore charger a high return to cater for this risk. The higher the risk, the higher the return charged.

T-bonds have no default risk because they are guaranteed by the US Government which is why it's rate is the lowest. For the other bonds, there is something called a Credit rating. Bonds are usually rated on how risky it will be to lend to the company borrowing with AAA being of the lowest risk. Therefore as one goes up from AAA, the bonds will have higher default risks.

4 0
3 years ago
Savings mart is a national retail chain. To entice the company to open a mega store in its jurisdiction, the city of population
Sindrei [870]

Answer:

$300,000

Explanation:

Given:

Original cost = $250,000

Fair Value = $300,000

Find:

Land would be record

Computation:

If a revenue company accepts some fixed asset as a gift, as per the Internal Revenue Service and GAAP, then the property should be reported at Market Value.

The market value is $300,000 in this situation, so the property must be recorded at $300,000.

8 0
3 years ago
The Terrafugia Transition is a 19-foot, two-seater road-drivable, light-sport aircraft with an anticipated price of $279,000. Th
vampirchik [111]

Answer: executives for whom time is very essential and important

Explanation:

From the question, we are told that the Terrafugia Transition is a 19-foot, two-seater road-drivable, light-sport aircraft with an anticipated price of $279,000.

The most likely prospective customers for this flying car would be the executives as the price could only be afforded by the rich or those at the helm of affairs in their companies.

The flying car is noted for its speed therefore the executives will consider time as a very important factor when purchasing it.

4 0
3 years ago
Calculating Earnings Per Share, Price-Earnings Ratio, and Book Value. As a stockholder in Bozo Oil Company, you receive its annu
Aleonysh [2.5K]

Answer:

a) EPS 2.367 dollars

b) price-earning ratio 15

c) book value of a common share 5.33

Explanation:

a) earning per share: income / shares outstanding

2,000,000 / 750,000 = 2.67

b) price / EPS

40 / 2.67 = 15

c) We determinate this using the accounting equation:

Assets = Liab + Equity

   Assets    9,000,000

  Liabilities<u> 5,000,000</u>

  Equity      4,000,000

equity / shares outstanding:

4,000,000 / 750,000 =  5.3333

5 0
3 years ago
Jensen Cleaning Service uses the listed accounts. (Some of the accounts will be explained in Lesson 2-3.) Prepare two T accounts
Westkost [7]

Answer:

Cash Sales Transaction

Journal Entry

Dr.  Cash   100,000

Cr.   Sales  100,000

Cash received and sales has been recorded due to the nature of Cash and Income, Cash and Sales is entered as Debit and credit respectively.

* For Journal posting MS excel file is attached which has T account with above transaction posted in it.

Explanation:

Download xlsx
5 0
3 years ago
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