1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
melomori [17]
3 years ago
12

An investor originally paid $22,000 for a vacant lot twelve years ago. If the investor is able to sell the lot today for $62,000

, what would his annual rate of return be on this investment (rounded to the nearest percent)?
a.7%
b.9%
c.5%
d.11%
Business
1 answer:
MArishka [77]3 years ago
4 0

Answer:

b.9%

Explanation:

Formula for annual rate of return formula is as follows;

Annual rate of return = [ (New value/ Initial value)^(1/t) ] -1

t = the total holding period of investment = 12 years

Old value = 22,000

New value = 62,000

Next, plug in the numbers to the formula;

Annual rate of return; r = [ (62,000/22,000) ^(1/12) ] -1

r = [2.8182 ^(1/12)] - 1

r = 1.0902 -1

r = 0.0902 or 9%

You might be interested in
Share one or two specific examples of how you will use the concepts or strategies presented in this class to contribute to your
rosijanka [135]

Answer:

Explanation:

e concepts or strategies presented in this class

4 0
3 years ago
While figuring out how to save money for a bride who is having financial problems, paula, the catering manager of oh happy day,
Bumek [7]

While figuring out how to save money for a bride who is having financial problems, Paula, the catering manager of Oh Happy Day, asked her assistant, "What do you think is the best menu to offer under these particular circumstances? How can we offer the bride and groom's guests a great meal within their budget?" Paula and her assistant are using the contingency approach.

True

5 0
4 years ago
Read 2 more answers
On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported information related to basic earnings per
astraxan [27]

Answer and Explanation:

The computations are as follows

a. For basic earning per share

=  Net income ÷ Average number of outstanding common shares

=  ($16,888 - $1,483) ÷ 10462.282 shares

= $1.47 per share

b. Preferred stock dividends = Net income - Net income applicable to common shareholders

= $4,833 - $4,211

= $622

c. The net income applicable to common shareholders is

= Average number of common shares outstanding × Basic earning per share

= 10,527.818  × $0.40

= $4,211

d. The net income is

= Preference stock dividend + Net income applicable to common shareholders

= $1,349 + $10,583

= $11,932

e. Average number of common shares outstanding is

= Net income for common shareholders ÷ basic earning per share

= $10,583 ÷ $0.94

= $11,258.51

We simply applied the general formulas

8 0
4 years ago
An inference engine is _________.
IrinaK [193]

Answer:

d. a strategy used to search through the rule base in an expert system by forward chaining or backward chaining.

Explanation:

inference engine is related mainly with artificial intelligence development. it is used to program logics to the system.

6 0
3 years ago
Both lloyd and harry are claiming patent protection for the same invention that each independently created. the rights to protec
Nonamiya [84]
In the scenario in which both Lloyd and Harry are claiming patent protection for the same invention that each independently created, the rights to protection will be awarded to <span>the one who actually completed the invention first.</span>
This follows from the American standard which states that the "first-to-invent" is awarded the patent.

7 0
3 years ago
Other questions:
  • The process whereby new technologies, discoveries, and ideas are shared and spread from one person to another is called ________
    11·1 answer
  • Amanda correctly answered 48 of the 60 questions on a math exam. What percent of questions did she awnser correctly
    15·1 answer
  • A Canadian subsidiary of a U.S. parent firm is instructed to bill an export to the parent in U.S. dollars. The Canadian subsidia
    9·1 answer
  • Red and White Company reported the following monthly data: Units produced 2,400 units Sales price $ 29 per unit Direct materials
    11·1 answer
  • Tracie, working at a research facility in washington
    11·1 answer
  • I need the answer for this
    5·1 answer
  • What does Lifelong learning means?
    9·2 answers
  • PLEASE HELP :(
    10·1 answer
  • Market Structure and Market Power
    12·1 answer
  • Tony and Suzie are ready to expand Great Adventures even further in 2022. Tony believes that many groups in the community (for e
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!