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3 years ago

Legal tender act 1862 purpose and impact on economy.

Business

1 answer:

AlekseyPX3 years ago

4 0

Answer:

The Legal Tender Act allowed the government to print $150 million in paper money that was not backed by a similar amount of gold and silver. ... The government was able to pay its bills and, by increasing the money in circulation, the wheels of Northern commerce were greased.

Explanation:

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UkoKoshka [18]

I think they would cheat and pay less because people like money. They don’t want to spend their own money to help others.

7 0

3 years ago

Read 2 more answers

Westsyde Tool Company is expected to pay a dividend of $1.50 in the upcoming year. The risk-free rate of return is 6%, and the e

lawyer [7]

Answer:

Return on company's stock = 15.6%

Explanation:

The capital asset pricing model (CAPM) relates the price of a share to the market risk or systematic risk. The systematic risk is that which affects all the all the economic agents, e.g inflation, interest rate e.t.c

Using the CAPM , the expected return on a asset is given as follows:

E(r)= Rf +β(Rm-Rf)

E(r) =? , Rf- 6%, Rm- 14%, β- 1.2

E(r) = 6% + 1.2× (14- 6)%

= 6% + 9.6%

= 15.6%

Return on company's stock = 15.6%

7 0

3 years ago

In the u.s. economy today, real gdp per person, compared with its level in 1900, is about:

Viefleur [7K]

It is about eight times high. Gross domestic product is the monetary measure of all goods and services produced by a country within a given period of time. It is an important measure of an economy of a given state or nation. There are two types of GDP , that is the nominal GDP and the real GDP. Real GDP is the total income of everyone in the economy adjusted for the level of base year prices.

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4 years ago

The product life-cycle curve that describes the sales pattern of a new product over time (growing slowly during its introduction

Lubov Fominskaja [6]

Answer:

curvilinear relationship

Explanation:

Based on the information provided within the question it can be said that this is an example of a curvilinear relationship. This term refers to a type of relationship between two variables in which, when one increases the other one does as well, up until a set point. Once the first variable hits that point it can continue to increase but the second variable will begin to decrease. In this scenario the market can continue to grow and will cause the new product to grow as well, but once the market becomes saturated with similar products, the sales of the product will start to decline even though the market is still growing.

3 0

3 years ago

On January 1, Year 1, Gemstone Mining Company (GMC) paid $10,500,000 cash to purchase a stone pit estimated to hold 50,000 tons

Varvara68 [4.7K]

Answer:

Cost of Mining Stone pit = $10,500,000

Salvage value at the end of third year = $500,000

Total expected mining during the life = 50,000 tonnes

Depletion per tonne = (cost - salvage) ÷ total expected mining

= (10,500,000 - 500,000) ÷ 50,000

= $200 per tonne

Stone extracted during the year = 10,000 tonnes

Depletion expense of Year 1 = 10,000 tonnes @ 200 per tonne

= $2,000,000

JOURNAL ENTRY:

Depletion expense A/c Dr. $2,000,000

To Accumulated Depletion- Mining rights $ 2,000,000

(To record depletion expense for Year 1)

6 0

3 years ago