The answer to your question is c
Answer:
The answer is: $12.32
Explanation:
Dee's stock can be considered a perpetuity with a negative growth rate. So we can use the following formula to calculate the value of Dee's stock:
price of Dee's stock = dividend / (discount rate - growth rate)
where:
- dividend = $1.94
- discount rate = 0.145
- growth rate = -0.0125
price of Dee's stock = $1.94 / [0.145 - (-0.0125)] = $1.94 / (0.145 + 0.0125) =
$1.94 / 0.1575 = $12.32
The monetary supply in the United States is based on fiat money which means that it is not true that A) America's fiat money is currently backed by gold deposits at the Federal Reserve.
The American dollar is a fiat currency which means that it is not backed by any sort of mineral deposits be it gold or silver. The gold deposits at the federal reserves are therefore not used to back the dollar.
The dollar is instead backed by the U.S. government and its policies which aim to keep the American economy stable.
The<u> other options are wrong</u> because:
- It is true that the USD being legal tender means it can be used to pay for debt.
- It is also true that the demand for money increases based on the volume of transactions in the economy.
In conclusion, the U.S. Dollar is not backed by the gold deposits in the Federal reserve but rather by the American government itself.
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Answer:
$230,000
Explanation:
Depreciation Charge (Straight line) = (Cost - Residual Value) ÷ Estimated Useful Life
therefore,
2018 Depreciation Charge = ($4,600,000 - $ 0) ÷ 20
= $230,000
The journal entry to correct the error will include a credit to accumulated depreciation of $230,000