Answer:
I have attached images of the solution below.
Explanation:
Answers to this question require a balance sheet and I have attached images of my balance sheet solution below.
Answer:
The answer is: Porter Plumbing's stock new rate of return is 14.38%
Explanation:
First we calculate beta:
beta = (stock's rate of return - risk free rate) / market rate of return
beta = 6.25% / 4.75% = 1.32
If beta remained the same (1.32% and the market rate of return increased by 2%, then to find the new value for Porter's stock (P):
1.32 = (P - risk free rate) / 6.75%
P - risk free rate = 1.32 x 6.75% = 8.88%
P = 8.88% + risk free rate
P = 8.88% + 5.50% = 14.38%
I think the answer is D.52
Answer:
Medium of exchange
Explanation:
Money is an object that is collectively and legally accepted as payment for goods and services. Money has three major functions as follows;
<em>1. Medium of exchange</em>
This is when money is used as an intermediate in the exchange of goods and services. When one decides to exchange one good or service for the other, the monetary value of these goods and services are determined and thus the purchase can be made knowing what value one is exchanging for the other.
<em>2. A unit of account;</em>
This is a standard numerical unit measurement of market value of goods and services. The market value of the goods and services are first determined. Then the goods or services are broken down into a unit of a good or services. The value per unit is then determined.
<em>3. A store of value</em>
For money to act as a store of value, the value of money has to be stable over time. This means that it has to be effectively stored. It also has to be reliably saved and retrieved.
In Tara's case, money served as a medium of exchange since she used a monetary value of $50,000 in the form of certificates of deposit to pay for a down payment to buy a house.
Add the cost of the lot and the cost of the house together to get the total cost ($163,000). Next, subtract the sales price from the total cost to get the amount of loss ($10,000) he took. Finally, divide the total cost by the loss amount ($10,000 ÷ $163,000).
The definition of cost is to be valued at something or to lose. A loaf of bread costing $3 is an example of a cost. Giving up your freedom in order to grant freedom to another person is an illustration of the cost.
A company's cost is the amount of money it had to spend to create its goods or services. It is calculated as the sum that the business spends to create a specific number of a product. Simply put, it is the cash that a business spends on things like labour, services, raw materials, and other costs.
Learn more about cost here:
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