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sasho [114]
3 years ago
5

Lily is planning to sell her home, which she bought seven years ago for a total of $168,000.the property value has increased by

2.5% each year for the past seven years. in the meantime, lily has made improvements and renovations to the home which increase its sale value by $52,000. how much will lily sell the home for, to the nearest hundred dollars?
a. $261,500
b. $249,400
c. $267,000
d. $251,700
Business
2 answers:
abruzzese [7]3 years ago
7 0
The answer is D. $251,700
Brilliant_brown [7]3 years ago
6 0

Answer: Lily will sell her house at $251,700

Explanation:

Total expenses made by lily is $251,700, so there is more than one option can be chosen because lily will get profit only by selling more than the total cost, but there is less information provided to find it, hence the answer will be $251700

how to find total cost:

value of the home after 7 years :

A=P(1+i )^{n}

A=168000(1+\frac{2.5}{100} )^{7}

                                                                                        199,700

Add other expenses                                                      +52,000

Total                                                                                =$251,700

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5 0
2 years ago
Billy never lets money stay in his pockets, he thinks if it is there he has to spend it. Often he spends it on useless "stuff".
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Answer: See explanation

Explanation:

Based on the information given in the question, the advise for Billy is that he should save his money rather than purchasing things that are useless.

He has goals to get a car, go to college and buy a big house but he's rather spending on useless stuff. This will make his goals harder to achieve but saving the money for future purpose is essential to achieve his dreams and meet other demands.

4 0
3 years ago
Bruce &amp; Co. expects its EBIT to be $100,000 every year forever. The firm can borrow at 11 percent. Bruce currently has no de
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Answer:

15.16 percent

Explanation:

Debt Equity ratio measures the ratio of the debt to its equity.

Formula for debt equity ratio is as follow

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As per given data

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Dynamic Production Services started the year with total assets of $130,000 and total liabilities of $50,000. The company is a so
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Answer:

C) $40,000.

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