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3 years ago

The Gold Standard Act of 1900 ended the standard known as

Business

1 answer:

iVinArrow [24]3 years ago

4 0

The gold standard of the 1900 ended the system that is known as the practice of bimetallism.

The gold standard act of the year 1900 was signed by President McKinley. This made gold to be the singular basis for the redemption of paper money in the United States.

This signing by the president was what put halt to what was regarded as bimetallism. This was the system that also allowed the use of silver also for the sake of monetary purposes.

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Consider a coupon bond with a 5% coupon rate. It will mature in one year and its yield to maturity is 10%. If the 1-year interes

brilliants [131]

Answer:

$95.45

Explanation:

First, we need to calculate the price of the bond using both yields to maturity

Current Price

Use the following formula to calculate the price of the bond

P = ( C x PVAF ) + ( F x PVF )

Where

F =Face value = $1,000

C =Coupon Payment = $1,000 x 5% = $50

PVAF = ( 1 - ( 1 + 10% )^-1 ) / 10% = 0.90909091

PVF = 1 / ( 1 + 10% )^1 = 0.90909091

Placing values in the formula

P = ( $50 x 0.90909091 ) + ( $1,000 x 0.90909091 )

P = $954.55

After 1 Year

The Bond will be matured on this time

At the of Maturity the price of the bond will be equal to the face value

Price of the bond = $1,000

Now calculate the return on the bond

Return on the bond = Coupon Interest + Price appreciation

Where

Coupon Interest = $50

Price appreciation = $1,000 - $954.55 = $45.45

Placing values in the formula

Return on the bond = $50 + $45.45 = $95.45

3 0

3 years ago

A local farmer grows and sells corn and pumpkins to the local grocers. Look at the farmer's business as a system. In which categ

Andreas93 [3]

Answer:

The correct answer is letter "E": output.

Explanation:

The output is the number of goods or services produces by an organization given a specific period. The output is expressed in monetary value and is usually compared to the costs it took to produce the goods or services. The output does not necessarily imply talking about material goods. The output is intangible as well.

Thus, the pumpkins production profits and losses of a farmer are considered as part of the output of an economy.

3 0

4 years ago

Review the following statements regarding a petty cash fund used in a business. Select the one that is correct. Multiple choice

valentinak56 [21]

Answer:

Only the petty cashier is responsible for paying cash from the fund.

Explanation:

A petty cash fund can be regarded as small amount of cash that is kept on hand or kept in a locked drawer which could be used in payment for minor expenses. These expenses could be office supplies expenses or reimbursements. There should be periodic reconciliations for a petty cash fund, and the transactions should also be recorded on the financial statements. As regards to petty cash fund used in a business, Only the petty cashier is responsible for paying cash from the fund.

3 0

3 years ago

The amount of inspection needed depends on ________ and ________. the cost of the item being inspected; the use of the item bein

Anna [14]

Answer:

The correct answer is letter "D": the costs of inspection; the costs of passing on defective items.

Explanation:

It is said that as long as a business target to develop its quality control frequently, the lesser that company will depend on inspection. Inspection is a critical assessment of materials, products or structures that require evaluating, testing and measuring. Inspectors take measurements and make comparisons. The amount of inspection needed directly relies on the cost of the inspection and the costs of passing on defective items.

6 0

4 years ago

Sedman, Corp., has projected the following sales for the coming year:

QveST [7]

Answer:

a. Calculate payments to suppliers assuming that the company places orders during each quarter equal to 30 percent of projected sales for the next quarter. Assume that the company pays immediately.

Q1 payment = Q2 sales x 30% = $930 x 30% = $279

Q2 payment = Q3 sales x 30% = $890 x 30% = $267

Q3 payment = Q4 sales x 30% = $990 x 30% = $297

Q4 payment = next year's Q1 sales x 30% = $935 x 30% = $280.50

b. Calculate payments to suppliers assuming a 90-day payables period.

assuming that merchandise is not delivered on the same day that the order was made, the payment should be made on the next quarter. Following A, payables from Q1 would be paid on Q2, payables from Q2 would be paid on Q3, ad finally payables of Q3 would be paid on Q4. Sine sales grow by 10% each year, in order to calculate payables due on Q1 we must divide Q4 sales by 1.1, and then multiply by 30% = ($990 / 1.1) x 30% = $270

Q1 payment = (Q4/1.1) x 30% = $270

Q2 payment = Q2 sales x 30% = $930 x 30% = $279

Q3 payment = Q3 sales x 30% = $890 x 30% = $267

Q4 payment = Q4 sales x 30% = $990 x 30% = $297

c. Calculate payments to suppliers assuming a 60-day payables period.

Same as A since these are quarterly payments, and each quarter has 91 days

Q1 payment = Q2 sales x 30% = $930 x 30% = $279

Q2 payment = Q3 sales x 30% = $890 x 30% = $267

Q3 payment = Q4 sales x 30% = $990 x 30% = $297

Q4 payment = next year's Q1 sales x 30% = $935 x 30% = $280.50

3 0

3 years ago