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3 years ago

The paper currency in the United States has value because ?

1 answer:

8 0

ALL OF THE ABOVE.

The paper currency in the United States has value because it is useful, it represents precious metals, and the federal government says it has value.

Before paper currency became a legal tender, precious metals were used as payment for various goods and services. Bringing precious metals everywhere you go is very difficult. It is because they are heavy and bulky. It was decided that instead of bringing precious metals anywhere, paper currency will be printed which represents the value of the precious metals.

Printing paper currency is limited to the value of the precious metals on hand. The United States can not print paper currency anytime it wants to because the paper currency is backed by its precious metals (gold, silver, etc) placed under federal reserves.

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What is business mathematics ? and what are the basics of business mathematics ?

7nadin3 [17]

Answer: Business calculation is mathematics used by industrial companies to record and maintain enterprise operations. Profit-making organizations use mathematics in accounting, catalog management, retailing, deals forecasting, and monetary analysis.

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4 years ago

Read 2 more answers

An ad for Covenant Transport,a national trucking company,is on a page that is wider than the normal pages found in "Trucker's Co

Akimi4 [234]

Answer:

The correct answer is D) gatefold.

Explanation:

In gatefold advertising it refers to that information that is displayed on more than one sheet and that needs to be fully opened in order to see the message. Generally this type of advertising is shown in physical media such as magazines and newspapers, being the first most common. This strategy allows captivating the attention of the reader to make him think exclusively about what is being promoted, since there is no different distractor.

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3 years ago

As prosperity and economic development rise, ________ increases as well.

crimeas [40]

As prosperity and economic development rise, individualism increases as well.

Individualism refers to the freedom of someones actions. If the economy is doing well and someone has more money, they are more likely to spend their money freely. The person has moral worth as an individual.

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4 years ago

Turnbull Corp. is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash f

zepelin [54]

Answer:

44%

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

Internal rate of return can be determined using a financial calculator

Cash flow in year 0 = $-30 million

Cash flow in year 1 = $13 million

Cash flow in year 2 = $23 million

Cash flow in year 3 = $29 million

IRR = 44%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.

6 0

3 years ago

Sanders Enterprises arranged a revolving credit agreement of $9,000,000 with a group of banks. The firm paid an annual commitmen

Kaylis [27]

Answer:

Total dollar Annual Cost = $300,000

Explanation:

Total loan Commitment = 9000000

Borrowed Fund (Used Portion) = 6000000

Unused Portion (9000000 - 6000000) = 3000000

Annual Commitment Fee for unused Portion = 0.50%

Commitment Fee = 3000000 x 0.05% = 15000

Borrowed Fund (Used Portion) = 6000000

Interest Rate (3.25% + 1.5%) = 4.75%

Interest Cost (6000000 x 4.75%) = 285000

Total dollar Annual Cost (15000 + 285000) = $300,000

5 0

4 years ago