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Shkiper50 [21]
2 years ago
6

Select the correct answer. cameron purchased an electric guitar for $1,875. the value of the guitar depreciates by 20% each year

. in how many years will the guitar be valued at $768?
Business
1 answer:
mina [271]2 years ago
4 0

The number of years it will take for the guitar to be valued at $768 given the initial value and the rate of depreciation is four years.

In how many years will the guitar be valued at $768?

When an asset depreciates,it means that with the passage of time, the value of he asset declines.

Number of years = (In FV / PV)/r

      FV= future value = 768

     PV = present value = 1875

     r = rate of depreciation =20

(In 768 / 1875) / 0.2 = 4 years

What is the rate of depreciation?

Depretiation is the systematic allocation of the depreciable amount of an asset over its useful life.

The depreciable amount of an asset is the cost of an asset or other amount substituted for cost, less its residual value.

learn more about how to determine the number of year here:

brainly.com/question/17583360

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ololo11 [35]

Answer:

The thief has a 0.11% probability of hitting the pin code on the first try.

Explanation:

Simply, if the ATM card has a 3-digit code that can be repeated, and the board has 9 numbers (for example, from 1 to 9), we must start from the smallest number that could be formed with these numbers to the highest number that these numbers could also compose, which in the case would be 111 and 999. Then, 889 different numbers could be formed (it is the distance between 111 and 999), with which the possibility of hitting the key to the first attempt would be 1 in 889 times, or 1/889.

To take the probability to a percentage, we must know that 889 / 8.89 gives 100. Therefore, dividing 1 / 8.89 we will know the percentage of probabilities of hitting the key on the first attempt: 1 / 8.89 = 0.11.

This shows us that the thief has a 0.11% probability of hitting the key on the first try.

8 0
3 years ago
Bailey broker sponsors two sales agents: Jon and Jen. Horace has signed a buyer representation agreement with Bailey to have Bai
laila [671]

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8 0
2 years ago
Westsyde Tool Company is expected to pay a dividend of $1.50 in the upcoming year. The risk-free rate of return is 6%, and the e
lawyer [7]

Answer:

Return on company's stock = 15.6%

Explanation:

<u><em>The capital asset pricing model (CAPM)</em></u><em> relates the price of a share to the market risk or systematic risk. The systematic risk is that which affects all the all the economic agents, e.g inflation, interest rate e.t.c</em>

Using the CAPM , the expected return on a asset is given as follows:

E(r)= Rf +β(Rm-Rf)

E(r) =? , Rf- 6%, Rm- 14%, β- 1.2

E(r)  = 6% + 1.2× (14- 6)%

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7 0
3 years ago
Please help me asap!!!
melomori [17]

Answer:

Finder's fee. good luck dude

6 0
3 years ago
During 2020, Concord Corporation acquired a mineral mine for $3700000 of which $395000 was ascribed to land value after the mine
Ivanshal [37]

Answer:

$429,650

Explanation:

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Less: Ascribed Land Value   <u>$395,000</u>

Depletionable Value             <u>$3,305,000</u>

No of units can be extracted from Mine = 10,000,000 units

No of units Sold = 1,300,000 units

Depletion Value = $3,305,000/10,000,000 * 1,300,000

Depletion Value = $429,650

6 0
3 years ago
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