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
k0ka [10]
3 years ago
15

You have been investing $300 a month for the last 8 years. Today, your investment account is worth $43,262. What is your average

rate of return on your investments?
Business
1 answer:
sdas [7]3 years ago
5 0

Answer:

Having invested $ 300 per month for the past 8 years, the total accumulated investment amount would be $ 28,800 (8 x 12 x 300). Now, having a total amount of $ 43,262, we find an increase of $ 14,462, which corresponds to the interest accumulated during said period. To know the percentage of the increase, we must perform a cross multiplication:

28,800 = 100

14,462 = X

(14,462 x 100) / 28,800 = X

1,446,200 / 28,800 = X

50.21 = X

As we can see, the investment had an increase of 50.21% during these 8 years. Now, the average increase in investment arises from the division of the total percentage of increase by the number of years. So, given that 50.21 / 8 = 6.27, the average annual return rate of this investment is 6.27%.

You might be interested in
On November 30, the company received an invoice from the electric company for $200. The company will pay the invoice in December
harkovskaia [24]

Answer:

Utility expense Dr.                      $200

  Accounts payable Cr.                $200

(To record the entry for electric expense)

Explanation:

Given the amount of the invoice = $200

The expenses like Electricity expenses come under utility expenses so the incurred electricity expense will show that the utility expenses are debited and account payable is credited. Here the account payable is credited because the is not paid.

Thus, below is the entry as on 30th November.

Utility expense Dr.  $200

  Accounts payable Cr.    $200

(To record the entry for electric expense)

8 0
3 years ago
Paid vacations and sick leave are
Talja [164]

Answer:

Endless supply of business, the business must pay the representative for unused paid downtime, including get-away, wiped out leave, and individual days. The government Family and Medical Leave Act enables qualified workers to take as long as 12 weeks of unpaid leave in specific situations.

7 0
3 years ago
Read 2 more answers
A resource-based strategy Multiple choice question. focuses on efficient execution of both primary and supporting components of
ki77a [65]

Answer:

can be achieved by exploiting resources that are competitively valuable, rare, and hard to imitate by rivals

Explanation:

A resource-based strategy is a form of the technique used by business managers to efficiently utilized the existing and valuable resources of the firm. These resources would be difficult to come by for the competitors such that it is hard for competitors to replicate. Thereby leading a sustainable or long term competitive advantage to the firm

Hence, in this case, the correct answer is A resource-based strategy "can be achieved by exploiting resources that are competitively valuable, rare, and hard to imitate by rivals."

5 0
2 years ago
An intelligent enterprise uses _________ to answer marketing questions, which leads to effective marketing decision.
Semenov [28]

Answer:

Observational

Explanation:

hope it helps brainliest pls

3 0
2 years ago
A credit card company claims that the mean credit card debt for individuals is greater than $ 5 comma 100. you want to test this
Oksanka [162]
MONEY MONEY MONEY MONEY MONEY MONEY MONEY MONEY MONEY
8 0
3 years ago
Other questions:
  • Sweet Stuff Sugar Source ships product all over the world. Since the product it ships has a low value-to-weight ratio, transport
    10·1 answer
  • How much are you willing to pay for one share of stock if the company just paid an annual dividend of $1.03, the dividends incre
    11·1 answer
  • Suppose we have a bond issue currently outstanding that has 25 years left to maturity. The coupon rate is 9% and coupons are pai
    9·1 answer
  • Two conditions allow a single seller to become a monopolist. those two conditions are that the firm must:
    14·1 answer
  • The demand schedule for a good: Group of answer choices indicates the quantity that people will buy at the prevailing price. ind
    10·1 answer
  • Joana volunteers to deliver a last-minute presentation on behalf of her team. Which quality is Joana demonstrating?
    9·2 answers
  • What information is needed to create a monthly budget
    14·1 answer
  • Work requirements were a key feature of the PRWORA policy for welfare receipt. However, because state-supported workfare jobs ar
    13·1 answer
  • What is the difference between national and enterprise.
    12·1 answer
  • Which form do you use to inventory the unexpended ammunition and residue you receive from the training field
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!