The difference between representative money and fiat money is that?

1 answer:

8 0

Great question! Fiat money deries it's value from law or regulation. However representative money derives its value either from a claim on a commodity (gold for example). However sometimes representative money means it has value higher than what it is made of, ie if you melt it down it is worth less than before it is melted down. In this sense fiat money is a type of representative money

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Because Country A has no domestic sources of wood, it imports all its wood from wood-producing countries. If the price of wood i

mars1129 [50]

Answer:

C Housing prices in Country A will increase as wood imports become more expensive.

Explanation:

Since country A imports all wood from other countries, an increase in price of wood by suppliers means that they are now expensive. Country A will be paying much more money for the same amount of supply they imported before prices rose. This will lead to housing prices to increase as a way to pass over the costs to homebuyers and tenants through rising home prices and rents respectively.

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3 years ago

A rich donor gives a hospital $100,000 one year from today. Each year after that, the hospital will receive a payment 5% larger

wariber [46]

Answer:

D) $779,843.27

Explanation:

The present value of this donation = Donation in Year 1/(1+ discount rate)^9 + Donation in Year 2/(1+ discount rate)^8 + ….. + Donation in Year 2/(1+ discount rate)^1

= $100,000/(1+9%) + $100,000*(1+5%)/(1+9%)^2 +$100,000*(1+5%)^2/(1+9%)^3…. +$100,000*(1+5%)^9/(1+9%)^10 = $779,843.27

Or we can easily input in excel and generate NPV as file attached; in which the formula is NPV(discount rate, cash inflow year 1 : cash inflow year 10) = (9%, 100000,100000*(1+5%)….,100000*(1+5%)^9) = $779,843.27

Download xlsx

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2 years ago

Robin must decide on her overall pricing approach. She is a premium provider of food, but operates in an extremely competitive e

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Answer: B

Sales objectives, competitive strategy, and promotional tactic

Explanation:

Sales objectives provides a clear direction for the expected a turnover a firm hopes to achieve over a period of time.

Competitive strategy refers to various strategies Robin hopes to utilize in getting a share from the market share. While promotional tactics refers to the various campaign and publicity aimed at introducing a product to the public.

Robin will hope to utilize this three concepts in order to successfully penetrate a highly competitive food market while also maintaining a certain market share.

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3 years ago

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Fill in the blank: You had a successful team meeting where you were able to prove the ROI of your content marketing efforts. How

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Answer:

sales report is the correct one

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3 years ago

A U.S. company has many foreign subsidiaries and wants to convert its consolidated financial statements from U.S. GAAP to IFRS.

tiny-mole [99]

Answer: the correct answer is measuring salaries expense

Explanation: US GAAP means Generally Accepted Accounting Principles.

The primary difference between the two systems is that GAAP is rules-based and IFRS is principles-based. GAAP does not allow for inventory reversals, while IFRS permits them under certain conditions. Another key difference is that GAAP requires financial statements to include a statement of comprehensive income.

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3 years ago