Re: Problem reading/writing U.K. pound sign
Arne Vajh=F8j wrote:
But I would expect most developers to consider any price including the
price of 1 stock a currency amount.
Martin Gregorie wrote:
Respectfully disagree. Its a common issue with pricing anything that is
sold only in multi-packs - and this includes equities, which are almost
never bought or sold as single items. For instance:
- Eric quoted MTLQQ.PK at 0.7112 USD. You'd normally buy equities
in shapes of at least $100 but, if you held a minimum quantity and to=
ok
dividends as additional shares you might end up with a dividend of,
say, 6 shares, value $4.2672, plus $0.68 c/f from a dividend of $4=
..95
IOW, the calculation will always be adjusted so any cash amount, in
this case the dividend and the c/f value, will be in dollars and whol=
e
cents.
- If you're building a widget that needs 8 rivets, which are sold $37.50
in packs of 1000 the BOM package will for certain use a unit price
of 0.03750 when costing the widget but, again, you'll never see that
used as a monetary amount. Its just a cost factor.
"Monetary" is not synonymous with "currency"?
Just because 0.03750 is not an amount you actually paid in the
transaction doesn't mean it isn't a currency amount; it's just not the
actual currency amount of the actual transaction. You still have to
deal with the unit price when working up the transaction.
The computer system for Acme Widget Co. still has to handle that unit
price in its calculations and records. How else would you display the
answer to the query, "What is the unit price of the widget?" other
than as a currency amount?
Assuming you're using "currency amount" in the obvious, normal sense
of "monetary amount expressed in currency units". If you have some
non-obvious, ergo far less useful definition of "currency amount", do
please share it.
--
Lew