Cryptocurrencies have rapidly increased in value, utility, and appeal since they were made widely available in 2009. Investors are interested in some of them since many retailers and business owners see them as viable options for generating returns and increasing store value. Governments are attempting to determine how to impose taxes and control them.
At the start of the cryptocurrency boom, Bitcoin appeared to be without a rival. Market capitalization for the sector was dominated by Bitcoin until, in a matter of weeks, Ethereum, Ripple, and other currencies sprinted to overtake it.
Although Bitcoin remains the market leader, some analysts are questioning whether cryptocurrencies are actually currencies in light of the industry's rapid growth. Some believe that even more significant changes may be on the horizon. the hypothesis that cryptocurrencies might eventually completely replace the money.
With its programmability and adaptability, Ethereum, a component of the blockchain ecosystem, offered not just a cryptocurrency but a wide range of use cases. Companies and entrepreneurs are leveraging it to develop new goods, technologies, and services.
The Ethereum blockchain and ecosystem provide the foundation for the decentralization of money as well as the developing "metaverse," which has the potential to unite our digital and physical selves.
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Answer:
D) has sunk costs of $6,000
Explanation:
Sunk cost is a cost which does not effect the financial decision, as this cost has already been incurred, and now it cannot be revoked.
Here maintenance cost is a regular expense which has to be incurred, and its not the cost which has already been incurred, same applies for operating cost.
Two years ago firm had spent $6,000 upgrading the equipment which was incurred earlier and now that cost cannot be revoked, further it will not lay any impact on any of the decisions made by the financial management.
Further amount to be spend of $5,000 has yet to be incurred and the decision to incur such cost can also be avoided, therefore it is not a sunk cost.
In this scenario D) has sunk sunk cost of $6,000
Answer:
The present value of dividend to be paid at the end of year 1, year 2, and year 3 are $2.60, $2.95, and $2.84 respectively.
Explanation:
The end of the year dividend is $3 per share.
The dividend growth rate is 20%.
The discount rate is 15%.
PV of dividend to be paid at the end of year 1
= 
= 
= 
=$2.60
PV of dividend to be paid at the end of year 2
=
=
=
=$2.72
PV of dividend to be paid at the end of year 3
=
=
=
=$2.84
Answer: d. Ron has income on the transaction of $21,000
Explanation:
Ron’s stock received for services counts toward the 80% control test so the transfers are eligible for IRC § 351 exemption.
This means that the total income that Ron has as a result of this transaction is the $21,000 for services.
Ron's basis will therefore be;
= Cattle basis + Income from services rendered
= 6,000 + 21,000
= $27,000
Explanation:
Data provided in the question
Change in the inventory = $1,030,000
i.e Opening inventory = $1,030,000
Income tax rate = 35%
So, the cumulative effect in the year 2018 is
Opening inventory $1,030,000
Less: income tax rate i.e 35% -$360,500
Balance $699,500
This balance would be addition to the beginning balance of the retained earning statement
