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kozerog [31]
2 years ago
9

In 1945, $10,000 bills were discontinued for public use by the Board of Governors of the Federal Reserve System. True False

Business
1 answer:
Alexandra [31]2 years ago
7 0
This is definitely true,hope I helped you :)
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Sebastian purchases two pieces of equipment for $100,000. Appraisals of the equipment indicate that the fair market value of the
Schach [20]

Answer:

$100,000

Explanation:

According to the internal revenue service ''<u>In most situations, the basis of an asset is its cost to you.</u> <u>The cost is the amount you pay for it in cash</u>, debt obligations, and other property or services. Cost includes sales tax and other <u>expenses connected with the purchase</u>.''

Therefore Sebastian's basis in these two assets is unconnected with the fair market value of the assets but with the cost.

Purchased Equipment is always recorded at its acquisition cost or its net book value, that is after deducting the accumulated depreciation . In the scenario we have no depreciation figures, hence the basis is the cost of $100,000

8 0
3 years ago
During 2013, its first year of operations, Neko's Bakery had revenues of $60,000 and expenses of $33,000. The business paid divi
loris [4]

Answer: the correct answer is $7,000

Explanation:

Revenues          $60,000

Expenses         ($33, 000)

Paid Dividens   ($20,000)

Equity                   $7,000   ($60,000-$33,000-$20,000)

4 0
3 years ago
Scenario: you work for an investment banking firm and have been asked by management of vestor corporation (not real), a software
Bas_tet [7]

Total capital = 10 + 8 + 2 = 20 Million

Weight of bonds (Wd) = 10/20 = 0.5

Weight of preferred stock(Wp) = 2/20 = 0.1

Weight of stock equity(We) = 8/20 = 0.4

Cost of debt = YTM of the bonds issued (We assume its annual coupon)

YTM =rate(nper,pmt,pv,fv) in excel =rate(20,60,-950,1000) = 6.4521%

Cost of debt after tax(Rd) = 6.4521*(1-0.34) = 4.2584%

Cost of preferred shares (Rp) = Preferred dividend/ price = 2.5/25 = 0.10 =10%

Cost of equity (Re) = Rf + beta*(Rm-Rf) = 3.5 + 1.2*(13-3.5) =14.9%

WACC = Wd*Rd + Wp*Rp + We& Re

WACC = 0.5*4.2584% +0.1*10% + 0.4*14.9% = 9.089 = 9.09%

3 0
3 years ago
X-treme Vitamin Company is considering two investments, both of which cost $22,000. The cash flows are as follows: Year Project
olga2289 [7]

Answer:

0.88 year and 1 year

Explanation:

The computation of the payback period for Payback period for Project A and Project B is shown below:

Payback period = Initial investment ÷ Net cash flow

For Project A

Initial investment = $22,000

Year 1 = $25,000

Since the initial investment is less than the annual cash flows so the payback period is

= 0 years + ($22,000 ÷ $25,000)

= 0.88 years

For Project B

Initial investment = $22,000

Year 1 = $22,000

So, the payback period is

= $22,000 ÷ $22,000

= 1 year

4 0
3 years ago
The most competitively effective and very likely most profitable long-term approach to reducing or eliminating the impact of pay
monitta

Build and equip a production facility in Europe-Africa and then expand it as may be needed to supply all ( or at least most) of the pairs the company intends to try to sell in Europe-Africa is the most competitively effective and very likely most profitable long-term approach to reduce or eliminate the impact of paying tariffs imported to a company's distribution warehouse in Europe-Africa.

Tariffs are taxes imposed by one country on goods or services imported from another country. Tariffs are trade limitations that raise prices and decrease available quantities of goods and services for U. S. businesses and customers.

A “unit” or specific tariff is a tax levied as a fixed charge for each unit of a good that is imported – for instance, $300 per ton of imported steel. An “ad valorem” tariff is levied as a proportion of the value of imported goods. An example is a 20 percent tariff on imported automobiles.

Learn more about Tariffs here brainly.com/question/8000501

#SPJ4

3 0
2 years ago
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