Answer:
Store of value.
Explanation:
In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.
Simply stated, money refers to any asset which can be used to purchase goods and services by customers.
This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.
The three (3) main functions of money all over the world are;
I. Medium of exchange.
II. Unit of account.
III. Store of value.
In this scenario, Jeffrey went to a financial manager to begin planning for his son's future by opening a college savings account. Thus, this is is an example of a store of value because the purchasing power was transferred from the present to the future.
In conclusion, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.
At December 31, 2019, Talbot Corporation had 90,000 shares of common stock and 20,000 shares of convertible preferred stock outstanding, in addition to 9% convertible bonds payable in the face amount of $2,000,000. During 2019, Talbot paid dividends of $2.50 per share on the preferred stock. The preferred stock is convertible into 20,000 shares of common stock. The 9% convertible bonds are convertible into 30,000 shares of common stock. Net income for 2019 was $970,000. Assume an income tax rate of 30%. How much is the diluted earnings per share for the year ended December 31, 2019
Answer:
Diluted Earnings per share= $6.9
Explanation:
Earnings per share is the return attributable to each unit of outstanding ordinary share.
It is computed as the Net Income/Number of ordinary shares outstanding
The diluted earnings per share is the EPS assuming all convertible securities were all converted.
Converted shares is computed as follows:
units
Preferred shares = 20,000
Convertible bonds = 30,000
Total 50,000
Total outstanding shares ranking for Earnings = Ordinary shares + Converted shares
= 90,000 + 50,000 = 140,000
Diluted Earnings per share = 970,000/140,000= $6.9
Diluted Earnings per share= $6.9
A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 5 percent. This firm is earning $15 on every $150 invested by its founders. Instructions: Enter your answers as whole numbers. a. What is its percentage rate of return? b. Is the firm earning an economic profit? If so, how large? c. Will this industry see entry or exit? d. What will be the rate of return earned by firms in this industry once the industry reaches long-run equilibrium?
Answer and Explanation:
The computation is shown below:
a. The rate of return in percentage is
= return ÷ investment
= $15 ÷ $150
= 10%
b. The economic profit is
= rate of return - normal profit rate
= 10% - 5%
= 5%
c. As the economic profit is more than 0 so it should be the entry
d. The rate of return in the long-run equilibrium to the 5% as the rate of return should be equivalent to the normal rate of profit
write a sample complaint for a customer gaining a food born illness from a restaurant
Answer:
mk
Explanation:
Last week, the logistics employees at Run River got together to determine the best way to ship products overseas. Each employee created a separate plan and submitted it to the logistics manager, who decided which plan the company would pursue.
A. Team
B. Group
Answer:
B. Group
Explanation:
A team could be made of many peoples who work together and considered the work to be collective. on the other side, the group is one where the work product should be considered as an individual. In this each and every employee would submitted their plans also they came up for the solution also in this they shares the same traits.
hence ,the option b is correct