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Liono4ka [1.6K]
3 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]3 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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Carrington Corp. uses a periodic system and the LIFO method. Carrington had beginning inventory of 30 units purchased at $120 ea
dimulka [17.4K]

Answer:

the cost of ending inventory is $1,680

Explanation:

The computation of the cost of ending inventory is shown below:

But first determine the ending units

Ending inventory units is

= 30 units + 34 units + 61 units + 160 units -271 units

= 14 units

Now

The Cost of ending inventory is

= 14 units × $120

= $1,680

hence, the cost of ending inventory is $1,680

And, the same is to be considered

5 0
2 years ago
Destiny prefers investments that offer the highest possible returns, even if they are risky. Which of the following bonds is Des
Eva8 [605]

Based on Destiny's preference for investments with the highest returns without consideration of their riskiness, he will most likely be interested in <em>A. junk bonds.</em>

  • Junk bonds issued by corporate entities lack investment-grade credit ratings. They usually yield higher returns than the average bonds with good investment-grade credit ratings.

  • Destiny will not be interested in municipal bonds because they do not meet his high-risk appetite.  Municipal bonds do not yield high returns. They are for the risk-averse investor.

  • Destiny will not be interested in corporate bonds with investment-grade credit ratings because they are more secured and less risky than junk bonds.

  • Finally, savings bonds will not be attractive to Destiny, as the U.S. Treasury issues them and they remain the safest investments.

Thus, Destiny's interest will be in junk bonds because he does not mind the risks but wants the highest returns from his investments.

Read more: brainly.com/question/11619330 and brainly.com/question/24691173

6 0
3 years ago
A company regularly purchases cleaning supplies from a vendor and orders relatively consistent amounts of the same products on e
zvonat [6]

Answer: Straight Rebuy

Explanation: There are 3 major types of buying situations

1. New Task

2. Modify Rebuy

3. Straight Rebuy

Straight rebuy is a buying situation in which the buyer routinely reorders something without any modifications.

8 0
3 years ago
Jay Bird is a partner in Soundview Partnership. The adjusted basis of his interest is $19,000, of which $15,000 represents his s
Marta_Voda [28]

Answer:

Ordinary income of $6,000; Capital gain of $18,000

Explanation:

Calculation to determine the amount and character of his gain

First step is to calculate the The total gain on the sale of his partnership

Using this formula

Total gain on the sale of his partnership = ( Cash + Relief of his share of liabilities -Basis )

Let plug in the formula

Total gain on the sale of his partnership=$28,000+$15,000+$19,000

Total gain on the sale of his partnership=$24,000

Now let determine the amount and character of his gain

The UNREALIZED RECEIVABLES amount of $6,000 will be the ORDINARY INCOME while the remaining amount of $18,000 Calculated as ($24,000-$6,000) will be the CAPITAL GAIN.

Therefore the amount and character of his gain will be: Ordinary income of $6,000; Capital gain of $18,000

4 0
3 years ago
The growth rate in the fourth quarter of 2010 was 3.1%. What was the growth rate in the first quarter of 2011?
TiliK225 [7]
The answer is C) 1.9
5 0
3 years ago
Read 2 more answers
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