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RoseWind [281]
3 years ago
11

Which best explains the difference between fiat money and commodity money?

Business
2 answers:
kirill [66]3 years ago
8 0

Fiat money is paper money that has been made legal by a government decree. This is government-issued money but there is no silver or gold value backing it up. Commodity money is money that comes from the commidity in which the money is made. The objects have value within themselves and can changed based on the value of the object.

lana [24]3 years ago
4 0

Answer:

Commodity money can be used for some other purpose while fiat money can only be used as a medium of exchange

verified on  a p e x

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The green one
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3 years ago
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A store has 5 years remaining on its lease in a mall. Rent is $1, 900 per month, 60 payments remain, and the next payment is due
photoshop1234 [79]

Answer:

a) No, since the present value of new lease is more than old.

b) Detailed information about the explanation is shown below

c) At 39.80%  nominal WACC

Explanation:

a

           PV of old and new lease terms

            Old              Cash Flow                New              Cash Flow

             0                  0                               0                    0                    

           1-9               - 1900                         1-9                   0                    

       10-60              - 1900                         10-60              2700

           NPER              60                          NPER                60

           rate                  1%                          rate                   1%

           PV             ($85,414.57)                PV                   ($98,250.36)

                            PV ( 1%, 60, 1900)                 PV ( 1%,9,- PV(1%,51, 2700))

Should the new lease be accepted? <u> No, since the present value of new lease is more than old.</u>

b)   If the store owner decided to bargain with the mall's owner over the new lease payment, what new lease payment would make the store owner indifferent between the new and the old leases?

For this part pv of old lease should be equal to pv of new lease at t = 9

                85414.57 × (1.01)⁹                             93416.657

                Nper                                                  51

                Rate                                                   1%

                New lease amount                           ( $2,347.26)

                                                                           PMT (1%, 51,93416.66)

c)

        Period      Old Lease       New Lease      Change in lease

          0                  0                    0                     0  

         1-9            -1900                 0                    -1900  

        10-60        -1900                  -2700             800

        -1900    

        -1900    

        -1900    

        -1900    

        -1900    

        -1900    

        -1900    

        -1900    

        -1900    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800  

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800    

        800

        3.317%                  x 12   =   39.80%

IRR(Values 1:60)

The store owner is not sure of the 12% WACC - it could be higher or lower. At what nominal WACC would the store owner be indifferent between the two leases?

At 39.80%  nominal WACC

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3 years ago
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AlekseyPX

The answer would be, D, stress management

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3 years ago
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On January 1, 2017, Sandhill Inc. purchased land that had an assessed value of $322,000 at the time of purchase. A $517,000, zer
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Answer:

Land amount= 367,990

Interest amount= 149,010

Explanation:

this question can be solve applying the concept of future value, as it is a zero interest or zero coupon it only, it means the bond does not pay money in the time, so

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where FV is future value, PV is the present value, i is the periodic interest rate and n is the number of periods. So applying to this particular problem we have:

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solving we have PV=367,990

so the land value is 367,990 and the interest expenses are 517,000 - 367,990=149,010

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