Answer:
-5.95%
Explanation:
A = P(1+r)^n
A is the auction price at which the sculpture was sold = $10,331,500
P is the price the sculpture was purchased = $12,417,500
n is the time interval between the year of sales and year of purchase
10,331,500 = 12,417,500(1+r)^3
(1+r)^3 = 10,331,500/12,417,500
(1+r)^3 = 0.832
1+r = (0.832)^1/3
1+r = 0.9405
r = 0.9405 - 1 = -0.0595 = -5.95%
Answer:
1,2,4,3
Explanation:
Liquidity measures how quickly an asset can be converted and used as a medium of exchange.
$50 bill is the most liquid because it can be readily used as a medium of exchange without any conversion.
The funds in a savings account is the second most liquid because because it must first be withdrawn from a bank account before it can be used as a medium of exchange. It can be converted to a medium of exchange within a day.
A bond issued by a publicly traded company is the third most liquid because it takes a longer period for it to be converted to cash.
A boat is the least liquid because it takes a long while to find a buyer for a boat.
I hope my answer helps you.
Answer: b). falls from a positive amount to another positive amount
Explanation: Given that diet coke and diet pepsi give the consumer equal level of satisfaction. Diet coke and diet pepsi are substitutes, since, the consumer does not care about consuming diet pepsi and diet coke. For substitute goods the consumer will buy the cheapest of the two. When pdc (price of diet coke) rises but it remains less than pdp(price of diet pepsi) then the consumption of dc will decrease but it will still be above the consumption of dp. Since it is still relatively less expensive than diet pepsi. So the consumer will buy diet coke than diet pepsi, which means consumption of diet coke, dc falls from one positive amount to another positive amount.
Rent
car payment
insurance
property taxes
salaries
utilities
equipped rental
Answer: $100
Explanation:
Sometimes Debt instruments like Debentures and Bonds are convertible to shares in the company.
To calculate the Conversion Price, the following formula is used;
= Par Value / Conversion Ratio
= 1,000/10
= $100
Par value is usually $1,000 for such instruments.
