Question

In: Accounting

Assume that in 2002, a gold dollar minted in 1883 sold for $103983. For this to...

Assume that in 2002, a gold dollar minted in 1883 sold for $103983. For this to have been true, what annual rate of return did this coin return for the lucky numismatist? (as a percentage and round to 2 decimal places)

Solutions

Expert Solution

ekkarill92 answered 1 year ago
Next > < Previous

Related Solutions

Gold & Co. sold a defective product to a customer. Due to this, Gold agreed to...
Gold & Co. sold a defective product to a customer. Due to this, Gold agreed to a sales allowance. What impact does a sales allowance have on the balance sheet? Assets increase Equity decreases Assets stay the same Equity increases
The population of Egypt in 2002 was 73,312,600 and was 78,887,000 in 2006. Assume the population...
The population of Egypt in 2002 was 73,312,600 and was 78,887,000 in 2006. Assume the population of Egypt grew exponentially over this period.   Determine the 4-year growth factor and percent change. Determine the 1-year growth factor and percent change. Define a function that gives the population of Egypt in terms of the number of years that have elapsed since 2002. Re-write your function from part(c) so that it gives the population of Egypt in terms of the number of decades...
Required: 1. Determine the dollar amount of cost of goods sold, dollar amount of ending inventory,...
Required: 1. Determine the dollar amount of cost of goods sold, dollar amount of ending inventory, and dollar amount of gross margin using the FIFO, LIFO and specific identification inventory costing methods for the month of October. 2. Complete journal entries for October 3rd and 8th using the specific identification method assuming all purchases and sales were on account. Beginning Inventory Units 1 – 5 at $24 each 120 October 3 Purchased Units 6 – 15 at $25 each 250...
Assume that a natural disaster destroys half of a country’s gold stock. Use the formal gold...
Assume that a natural disaster destroys half of a country’s gold stock. Use the formal gold standard model from lectures to trace through the short and long-term impacts on key economic variables of this shock. Make sure to clearly label diagrams and describe the full price-specie flow mechanism.
Evaluate the EUR/USD - Euro US Dollar currency pair. Adjust the time horizon to range 2002...
Evaluate the EUR/USD - Euro US Dollar currency pair. Adjust the time horizon to range 2002 to-date. a. Identify any dramatic changes and do a brief research on the internet to explain such movements. b. In addition, do you observe an changes or trends during 2007-2014？What do you think were the causes of such changes or trends? Do a brief research on the internet to support your answers.
in 1996 an ounce of gold sold for $369 and for $1060 in 2015, what was...
in 1996 an ounce of gold sold for $369 and for $1060 in 2015, what was the change in the price of gold over this period?
Suppose that a U.S. dollar buys more gold in Australia than it buys in Russia. What...
Suppose that a U.S. dollar buys more gold in Australia than it buys in Russia. What does purchasing-power parity imply should happen?
Jetta production cost in 2002 and 2003 was 14,000 Euro per Jetta. Jetta sold in US...
Jetta production cost in 2002 and 2003 was 14,000 Euro per Jetta. Jetta sold in US at $15,000 in 2002 and 2003. Forward hedge exchange rate was 1 $/Euro in 2003. Rate without hedge (i.e. market exchange rate) was 1.25$/Euro in 2003. If 10,000 Jetta were sold in US, in 2003, by 70% forward hedge and 30% not hedged. What would be profits or loss from sales of 10,000 Jetta in US? (the answer is 1.0 million Euro, please show...
Jetta production cost in 2002 and 2003 was 14,000 Euro per Jetta. Jetta sold in US...
Jetta production cost in 2002 and 2003 was 14,000 Euro per Jetta. Jetta sold in US at $15,000 in 2002 and 2003. Forward hedge exchange rate was 1 $/Euro in 2003. Rate without hedge (i.e. market exchange rate) was 1.25$/Euro in 2003. If 12,000 Jetta were sold in US, in 2003, by 60% forward hedge and 40% not hedged. What would be profits or loss from sales of 12,000 Jetta in US?  
Jetta production cost in 2002 and 2003 was 14,000 Euro per Jetta. Jetta sold in US...
Jetta production cost in 2002 and 2003 was 14,000 Euro per Jetta. Jetta sold in US at $15,000 in 2002 and 2003. Forward hedge exchange rate was 1 $/Euro in 2003. Rate without hedge (i.e. market exchange rate) was 1.25$/Euro in 2003. If 12,000 Jetta were sold in US, in 2003, by 60% forward hedge and 40% not hedged. What would be profits or loss from sales of 12,000 Jetta in US?   Loss of 2.4 million Euro. Profit of 1.8...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT