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
lana [24]
3 years ago
10

Assume that in 2014, in 1871 $20 double eagle sold for $17,000. what was the rate of return on this investment

Business
1 answer:
densk [106]3 years ago
4 0
The rate of return is the amount received on top of the cost of the initial investment divided by the initial investment made.

  Profit = $17,000 - $20
  Profit = $16,980

Dividing the calculated by the initial investment and the number of years.
      Rate of return = (($16980/$20)(100%) / (2014 - 1871)
      Rate of return = (84900%) / 143
                             = 593.71%

ANSWER: 593.71%
You might be interested in
Which office annually evaluates agency efforts to improve the quality and usefulness if information technology investments reque
Sati [7]

Answer:

The correct answer is:  The Federal Information Technology Acquisition Reform Act.

Explanation:

The Federal Information Technology Acquisition Reform Act or FITARA has the mission of optimizing the use and purchase of information technology of the United States federal government. This act was necessary to be passed because the U.S. federal government spends approximately $80 billion per year in information technology products but half of those funds go for maintenance.

4 0
3 years ago
Sam Malloy owns a small business and has built a substantial estate both with his business success and his early career as a pro
zvonat [6]

Answer: Establish a revocable living trust.

Explanation:

A revocable living trust is a written document that details how an individual assets would be handled after they die. They are used to avoid probate and protect privacy of the trust owner, beneficiary of trust and reduce estate taxes. Assets placed in the beneficiary name are transfered from the owners account or details to theirs.

4 0
3 years ago
Universal Containers uses a third-party billing system for storing invoice records and wants to show these records on its Salesf
Anni [7]

Answer:

The answer is to Configure Files Connect and include the External object in the global search

Explanation:

To configure files connect and include external data is creating an external lookup relationship as the data type between the two community.

3 0
3 years ago
According to diffusion of innovation, in order for an innovation to ultimately be adopted it has to be
irga5000 [103]
According to Diffusion of Innovation, or order for an innovation to ultimately be adopted it has to be compatible with social norms.
The theory that obtains to explain how, why and at what rate new ideas and technology spread through cultures.
5 0
4 years ago
Oliver Industries is evaluating the manufacturing process for one of their products. Oliver has determined that the process has
Ne4ueva [31]

Answer:

D) has sunk costs of $6,000

Explanation:

Sunk cost is a cost which does not effect the financial decision, as this cost has already been incurred, and now it cannot be revoked.

Here maintenance cost is a regular expense which has to be incurred, and its not the cost which has already been incurred, same applies for operating cost.

Two years ago firm had spent $6,000 upgrading the equipment which was incurred earlier and now that cost cannot be revoked, further it will not lay any impact on any of the decisions made by the financial management.

Further amount to be spend of $5,000 has yet to be incurred and the decision to incur such cost can also be avoided, therefore it is not a sunk cost.

In this scenario D) has sunk sunk cost of $6,000

8 0
3 years ago
Other questions:
  • Costs incurred on defective products before being shipped to customers are ________. A) prevention costs B) appraisal costs C) i
    15·1 answer
  • Imagine you are a Starbucks executive traveling to China from the company’s U.S. headquarters. You are going to Beijing to negot
    10·1 answer
  • Maiko lost her job and she was forced to sell a rental property because she did not have other funds​ (liquid, emergency,​ etc)
    10·1 answer
  • What is cyberbullying?​
    5·2 answers
  • When presenting solutions, Chris (a salesperson)often has to handle buyer resistance. Chris should think of buyer resistance as
    15·1 answer
  • The envelope method, notebook and pencil, and online
    8·1 answer
  • A lottery winner will receive $5 million at the end of each of the next fourteen years. What is the future value​ (FV) of her wi
    15·1 answer
  • How Country Risk Affects NPV. Hoosier, Inc., is planning a project in the United Kingdom. It would lease space for one year in a
    12·1 answer
  • What's the difference between a Monopoly and Oligopoly market?
    5·1 answer
  • Peppertree Company has two divisions, East and West. Division East manufactures a component that Division West uses. The variabl
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!