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Leviafan [203]
2 years ago
5

Two years ago, you bought a property for $264,500. Values increased in that area by 5% the first year and 7% the second year. Ho

w much is your property worth today?
Business
1 answer:
LuckyWell [14K]2 years ago
4 0

If a property is valued at $264,500, and its value increases by 5% in one year, and by 7% in two years, the total value or worth of the property at the end of two years will be $297,165. Therefore, the option A holds true.

<h3>What is the significance of property value?</h3>

A property value can be referred to or considered as the value of a piece of land during any given period of time. The value of a property is driven by a number of internal as well as external factors, such as inflation and appreciation.

From the given information, at the end of 1 year the value of property will be  264,500 + 5% = $277725, and similarly, at the end of the two years it will be 277725 + 7% = $297,165.75.

Therefore, the option A holds true regarding the significance regarding property value.

Learn more about property value here:

brainly.com/question/14301460

#SPJ4

The question seems to be incomplete. It has been added below for better reference.

Two years ago, you bought a property for $264,500. Values increased in that area by 5% the first year and 7% the second year. How much is your property worth today?

A. $297,165

B. $277,725

C. No change

D. $283,015

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Economists describe the group that includes: natural resources, capital, human resources, and entrepreneurship as _______.
Nina [5.8K]

Answer:

Factors of production

Explanation:

Factors of production are inputs needed in the production of goods and services. They are land, labour, capital and entrepreneurship.

Land includes all natural resources.

Labour is all human resources.

I hope my answer helps you.

3 0
3 years ago
Korte Company reported the following information for 2014:
sergejj [24]

Answer: For 2014, Korte would report comprehensive income of $341,000.

Explanation:

Korte Company

Comprehensive income statement for 2014 (extract)

Sales revenue                             $1,500,000

Cost of goods sold                      (1,050,000)

Gross profit                                      450,000

Operating expenses                      (165,000)

<em>Other income:</em>

Unrealised gain on AFS securities   50,000

Dividends received                             6,000

Comprehensive income               $341,000        

4 0
3 years ago
Amy and Lester are partners in operating a store. Without consulting Amy, Lester enters into a contract to purchase $10,000 of m
Ivan

Answer:

Amy and Lester are both weird so that's your answer.

Explanation:

none needed

4 0
3 years ago
Josh has decided to open a restaurant. he has determined that he will need to hire separate people to seat and serve​ customers,
lara [203]
<span>This is known as job specialization. Josh cannot do all of the work himself, so he hires others to perform specific tasks for him. He should hire people with specialized skillsets, so that they will be most suited to the jobs he needs them to perform, such as waiters for serving customers and chefs for preparing dishes.</span>
4 0
3 years ago
he most recent financial statements for Bello Co. are shown here: Income Statement Balance Sheet Sales $ 18,900 Current assets $
Pavel [41]

Answer:

9.69%

Explanation:

Given the following :

Net income = $4819

Total asset = $38,200

Taxable income = $6,100

Dividend payout ratio = 30% = 0.3

The internal growth rate is calculated thus ;

(Return on asset × Retention ratio)/[1-(Return on asset × Retention ratio)]

Return on asset = (Net income / total asset)

Return on asset = ($4,819 / $38,200)

Return on asset = 0.12615

Retention ratio = 1 - Dividend payout ratio

Retention ratio = 1 - 0.3 = 0.7

Hence internal growth rate :

(0.12615 × 0.7) / 1 - (0.12615 × 0.7)

0.088305 / 1 - 0.088305

0.088305 / 0.911695

= 0.0968580

= 0.0968580 × 100%

= 9.685%

= 9.69% ( 2 decimal places)

6 0
3 years ago
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