Organization of Debt Into Currency and Other Papers by Charles Holt Carroll

Author:Charles Holt Carroll [Charles Holt Carroll]
Language: eng
Format: epub
ISBN: 978-1-61016-093-3
Publisher: Arno Press
Published: 1972-11-06T16:00:00+00:00

CONTRA

Rent, $1,500; salaries, $9,000 .................. $10,500

Bad debts, say one-fifth of 1 per ct., $4,000; contingencies, $3,500 ....................

7,500

18,000

Dividend, twelve-and-one-fifth per cent per annum .... $122,000

Now suppose the reserve of coin to be doubled:—

1,000,000 capital.

3,000,000 credits and circulation.

4,000,000

1,000,000 deduct coin ⅓ liabilities in reserve.

3,000,000 loan on discount and exchange, at 7 per cent .... $210,000

CONTRA

Rent, $1,500; salaries, $9,000 .................. $10,500

Bad debts, say one-fifth of 1 per ct., $6,000; contingencies, $3,500 ..........................

9,500

20,000

Dividend, 19 per cent per annum .................. $190,000

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