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3 years ago

A monetary unit that is freely and easily converted into other currencies is

Business

1 answer:

Brut [27]3 years ago

4 0

Answer:

A hard currency

Explanation:

A monetary unit that is freely and easily converted into other currencies is a hard currency.

The value of this currency neither depreciates suddenly nor fluctuate to a great extend.

This currency is considered politically and economically stable by the nation.

Hard currencies can also be used as a form of payment for goods and services.

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Harlan Corporation deposits $225,000 every June 30th and December 31st in a savings account (beginning in the current year) for

Dmitry_Shevchenko [17]

Answer:

$1,419,327.22

Explanation:

The formula for calculating the Future Value (FV) of an Ordinary Annuity is used as follows:

FV = M × {[(1 + r)^n - 1] ÷ r} ................................. (1)

Where,

FV = Future value of the amount after 3 years = ?

M = Annuity payment = $225,000

r = Semi annual interest rate = 4% ÷ 2 = 2%, 0.02

n = number of periods the investment will be made = 3 × 2 = 6

Substituting the values into equation (1), we have:

FV = $225,000 × {[(1 + 0.02)^6 - 1] ÷ 0.02} = $1,419,327.22

Therefore, Harlan Corporation will have $1,419,327.22 at the end of three years.

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3 years ago

Rextacular Manufacturing Company reported the following materials data for the month ending June 30, 2016:

dimulka [17.4K]

Answer:

Material used = $855,000

Explanation:

The computation of the cost of direct material used is shown below;

Material purchased = $828,000

Add:

Opening Inventory = $279,000

Less:

Closing Inventory = ($252,000)

Material used = $855,000

we simply applied the above formula so that the cost of direct material used could come

Hence, the cost of direct material used in production is $855,000

4 0

3 years ago

Teal inc., a manufacturer of designer journals and notebooks, switched to using recycled paper to manufacture its products. it a

klemol [59]

I would say that the Teal company's practices are showing concern for the environment and sustainability because using re-cycled paper means less deforestation (ie logging for trees to make paper with) and reducing use of plastic means less use of fossil fuels used to make plastic.

4 0

3 years ago

Many people have strong negative reactions to pop-up, pop-behind, interstitial, and rich media ads. Assume you are the director

julsineya [31]

Answer:

Im on a private jet eating popeyes chicken, i be flexing like im eating popeyes spinach

Explanation:

plato users

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3 years ago

The Bull Company, a lawn mower manufacturer, is considering the introduction of a new model. The initial investment required is

TEA [102]

Answer:

Option d. $30,028,394.34

Explanation:

We can calculate certainty equivalent NPV by just a simple formula

Certainly equivalent NPV = Certain cashflow/(1+r)^n

Certain cashflows =Net cashflows x Certainty equivalent factor

r = risk free rate

At first, we need to find certain cash flows

Certain cash flow

Year1: $15,000,000 x 0.90 = $13,500,000

Year2: $13,000,000 x 0.80 = $10,400,000

Year 3: $11,000,000 x 0.60 = $6,600,000

Year 4: $9,000,000 x 0.35 =$3,150,000.

Certainly Equivalent NPV = [$13,500,000 / (1+0.06)^1] + [$10,400,000 / (1+0.06)^2] + [$6,600,000 / (1+0.06)^3] + [$3,150,000 / (1+0.06)^4]

Certainly Equivalent NPV = $12,735,849.06 + $9,255,962.98 + $5,541,487.27 + $2,495,095.04 = $30,028,394.34

5 0

3 years ago