The "Cross of Gold" speech was given by William Jennings Bryan in 1896 at the Democratic National Convention, where Bryan stated his support for "free silver" to bring prosperity to the nation. Inflation is when the<span> purchase cost of goods and services rise, whereas </span>deflation<span> happens when those prices decrease. The Cross of Gold Speech was believed to bring about inflation for the economy. </span>
Answer: 7.25%
Explanation:
To calculate this we will use the Constant Growth Model of calculating a Stock's price.
The formula is,
P = D1/(r-g),
where,
P is the current price,
D is the next dividend the company is to pay,
g is the expected growth rate in the dividend payment and
r is the required rate of return for the company.
We were given the Dividend Yield and with this can calculate the Stock Price.
The Dividend yield is the Dividend expressed as a percentage of Stock Price.
Making the stock price x with the next dividend at $1.54 we have
1.54 = 0.032x
x = 1.54/0.032
= $48.13
Now that we have the stock price we can plug it into the formula.
We also need to calculate the growth rate. Given that $1.48 was paid and $1.54 will be paid we can say,
g= 1.54 - 1.48
g= 0.06/1.48
= 4.05% is what it will take to grow $1.48 to $1.54
Now we can plug all these into the formula,
Making r the subject we have,
r = D1/P + g
= 1.54/48.13 + 0.0405
= 7.25%
The required rate of return on this stock is therefore 7.25%.
A $150 debit to office equipment was entered into the account as a $150 credit. This error caused the trial balance to be out of balance by <u>300</u>.
A trial balance is a list of all the general ledger bills contained in the ledger of a business. This listing will incorporate the call of every nominal ledger account and the fee of that nominal ledger stability. Every nominal ledger account will preserve either debit stability or credit stability.
A trial balance includes a listing of all popular ledger account totals. each account needs to include an account quantity, a description of the account, and its very last debit/credit score balance. Further, it ought to nation the final date of the accounting length for which the record is created.
The cause of a trial balance is to make sure that every entry made into an employer's well-known ledger is properly balanced. A trial balance lists the finishing stability in each popular ledger account. The total dollar amount of the debits and credits in each accounting access are purported to match.
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Answer:
7.28%
Explanation:
Using Time Value for Money TVM we calculate payment for the period:
PMT = {FV - PV * (1 + r )^n] / {[(1 + r)^ n] - 1 } / r
PV = -1150
FV = 1000
N = 8 *2 = 16
I = 5.98/2 = 2.99%
842.54 / 20.14
PMT = 41.83
To calculate current yield:
PMT * 2 / PV
41.83 * 2 / 1150
= 7.28 %
Nothing stops the government from producing things that people don't need or want.