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Liono4ka [1.6K]
4 years ago
5

This problem has been solved! See the answer In September of 1998, your father purchased a Michael Jordan basketball card for $0

.70. At present, the card is a collector’s item that would fetch $1,900 if sold. If your father were to sell this card now, in September of 2020, what would be the annualized percentage return on his investment?
Business
1 answer:
Elina [12.6K]4 years ago
5 0

Answer:

43.24%

Explanation:

The computation of annualized percentage return on his investment is shown below:-

Future value = Present value × (1 + rate of interest ÷ 100)^time period

$1,900 = $0.70 × (1 + r ÷ 100)^22

(1900 ÷ 0.7)^(1 ÷ 22) = (1 + r ÷ 100)

(1 + r ÷ 100) = 1.4324

r = 1.4324 - 1

= 43.24%

we simply applied the above formula.

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In recent years, Cullumber Company has purchased three machines.
alex41 [277]

Answer:

Cullumber Company

The depreciation expense for machine 2 in 2016 is:

$16,200

Explanation:

a) Data and Calculations:

Machine Acquired    Cost        Salvage Value   Useful Life     Depreciation

                                                                             (in years)          Method

1 Jan. 1, 2015         $134,000     $34,000                10        Straight-line

2 July 1, 2016            81,000           11,100                 5        Declining-balance

3 Nov. 1, 2016           77,500          8,500                 6        Units-of-activity

Total machine hours expected = 34,500

Actual hours of use in the first 3 years were:

2016       730

2017   5,900

2018   7,600

Double-declining method:

Depreciation expense for machine 2 = $16,200 ($81,000 * 40% *6/12)

8 0
3 years ago
According to experienced exporters, what is the only effective way to select a middleman?
Licemer1 [7]

according experienced exporters suggest that the only way to select a middleman is: to personally talk to ultimate consumers to find whom they consider to be the best distributors.

The main consumers are plant-eating herbivores. Caterpillars, insects, grasshoppers, termites, and hummingbirds are all examples of primary consumers, as they only eat autotrophs (plants). There are major consumers who are called specialists because they eat only one type of producer.

Herbivores — animals that eat only plants — consume plants for energy. Herbivores cannot produce their own energy and are called consumers. Herbivores feed only on producers and are therefore primary consumers at the second trophic level of the food chain.

A consumer is any individual or group that purchases or uses goods or services solely for their personal use and not for manufacture or resale. They are the end users of the distribution chain.

Learn more about  consumers here

brainly.com/question/380037

#SPJ4

6 0
2 years ago
Gramps purchased a joint survivor annuity that pays $700 monthly over his remaining life and that of his wife, Gram. Gramps is 7
AURORKA [14]

Answer:

$54.95 interest income

Explanation:

We look int othe legal tables to recognize income in this type of annuities considering the age of each participant

Table VI - Ordinary Joint Life and Last Survivor Annuities; Two Lives - Expected Return Multiples

multiplier at cross 75 / 70 : 18.8

we take the annual income of 700 x 12 = 8,400

and multiply by the 18.8 = 157,920

now we solve for part of capital and interest:

145,530/157,920 = 0.92154 = 92.15%

principal returns are 92.15% while interest the remaining 7.85%

700 x 7.85% interest = $54.95 interest income

5 0
3 years ago
While training for her new job as a pharmaceutical sales representative, Valerie spent several days shadowing an experienced com
Kaylis [27]

Answer:

The correct answer is Culture

Explanation:

The culture of an organization is a set of rules, customs and beliefs and behaviors  that the employees share which contribute to the uniqueness of the business.

Oganizational Culture is based on the shared beliefs and attitudes including written and unwritten rules that have been developed overtime which are valid.  

Organizational Culture also affects the way people and groups interact with each other. Therefore, The experienced rep was following the rules and beliefs  of the company by focusing on the benefits of the new drug while not volunteering pricing information, side effects, or comparison data.

3 0
4 years ago
Which of the following describes an effective strategy for protecting yourself against identity theft?
ss7ja [257]
Get life lock they will protect your idenity ok lets get suriuse dont use ur credit cards all the time 
8 0
4 years ago
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