Answer:
10.68%
Explanation:
Data provided in the question:
Returns on stock : 12%, 16%, 10%, 19%, 15%, -6%
Now,
Geometric average return on the stock is calculated as:
Geometric average return = 
Thus,
For the given returns on stock
Geometric average return
=![[ (1 + 0.12)\times(1 + 0.16)\times(1 + 0.10)\times(1 + 0.19)\times(1 + 0.15)\times(1 + (- 0.06)) ]^{\frac{1}{6}}-1](https://tex.z-dn.net/?f=%5B%20%281%20%2B%200.12%29%5Ctimes%281%20%2B%200.16%29%5Ctimes%281%20%2B%200.10%29%5Ctimes%281%20%2B%200.19%29%5Ctimes%281%20%2B%200.15%29%5Ctimes%281%20%2B%20%28-%200.06%29%29%20%5D%5E%7B%5Cfrac%7B1%7D%7B6%7D%7D-1)
= ![[ 1.12\times1.16\times1.10\times1.19\times1.15\times0.94 ]^{\frac{1}{6}}-1](https://tex.z-dn.net/?f=%5B%201.12%5Ctimes1.16%5Ctimes1.10%5Ctimes1.19%5Ctimes1.15%5Ctimes0.94%20%5D%5E%7B%5Cfrac%7B1%7D%7B6%7D%7D-1)
= ![[1.8384056768]^{\frac{1}{6}}-1](https://tex.z-dn.net/?f=%5B1.8384056768%5D%5E%7B%5Cfrac%7B1%7D%7B6%7D%7D-1)
= 1.1068 - 1
= 0.1068
or
= 0.1068 × 100%
= 10.68%
A broad principle that requires identifying the activities of a business with specific time periods such as months, quarters, or years is the <u>Time period principle.</u>
The time period principle- Financial results and other material business activities should be reported over a consistent time period, such as a month, week, day, etc., in accordance with the time period concept. Depending on the frequency of the chosen time period, the firm must then adhere to a distinct set of regulations for each financial statement in accordance with US Generally Accepted Accounting Principles.
Any company's financial statements can be thought of as a snapshot in time that reveals both the company's history and its current status. That's why it's crucial to disclose to readers the time frame in which the financial statements were generated in accordance with the time period concept.
In its broadest sense, the time period principle holds that any enterprise may conveniently categorize its financial operations into discrete time intervals. That is to say, all cash inflows and outflows may be neatly categorised into separate and sequential accounting periods.
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buyer most likely sue for specific performance if the seller defaulted on the contract before closing
A Sale and Purchase Agreement (SPA) is what, exactly?
A Sale and Purchase Agreement (SPA) is a contractual agreement describing the terms on which the buyer and seller of a property have come to an understanding (e.g., a corporation). In any sale transaction, it serves as the primary legal document. Essentially, it outlines the agreed-upon terms of the transaction, offers several significant safeguards to all parties involved, and establishes the legal framework needed to finalize the sale. Therefore, the SPA is extremely important to both sellers and buyers.
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Answer:discharge by frustration of purpose
Explanation:
Discharge by frustration of purpose is a defense concept used in law in order to bring about a breach or termination of a contract.This occurs when unplanned,spontaneous or unforeseen circumstances occurs and thus,it prohibits or prevents the core reason in which the contract was being entered into at the time of the contracts agreement,with both parties fully aware of the core reason which brought about the establishment of the contract.That is to say,the primary objective in which the contract was being created upon has automatically brought about a halt of the secondary reason(which is the contract itself),having in mind that both parties were originally aware of the primary reason for entering the contract.
Here,Paul and Patti Smith rented a room an amount triple it's original price because they were so excited to hear Lincoln speak. A day before Lincoln's speech, he was assassinated.So this disappointment brought about a "discharge by frustration of purpose" by the Smiths,not forgetting that that The bed and breakfast knew it was their original intent,that's why they paid such exorbitant prices for the room rental,although it sued them.
