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3 years ago

You purchased stock for $18,000 ten years ago. Now the stock is worth $25,000. What was your annual rate of return?

Business

1 answer:

Paraphin [41]3 years ago

6 0

Answer:

3.3%

Explanation:

The yearly rate of return is calculated by taking the amount of money gained or lost at the end of the year and dividing it by the initial investment at the beginning of the year.

DATA

Future value = $25,000

Present value = $18,000

Time = 10 years

Formula:

Annual return = $(\frac{futurevalue}{presentvalue}) ^{1/time} -1$

Annual return = $(\frac{25000}{18000}) ^{1/10} -1$

Annal return = 3.3%

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Repetitive sequences of activities that express and reinforce the key values of the

vlada-n [284]

Repetitive sequences of activities that express and reinforce the key values of the organization, identify important goals and people are referred to as A) rituals.

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Thus, rituals help to ensure that an organization is maintained for its mission.

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3 years ago

The Milestone Decision Authority is responsible for establishing the Critical Operational Issues (COIs) that will be addressed i

masya89 [10]

Answer:

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Explanation:

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3 years ago

Given the following information for a retail company, what is the total cost of goods purchased for the period? Purchases discou

BigorU [14]

Answer: $298,800

Explanation:

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= 304,000 + 6,700 - 3,500 - 8,400

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3 years ago

Fortune, Inc., is preparing its master budget for the first quarter. The company sells a single product at a price of $25 per un

Bond [772]

Answer and Explanation:

The preparation of the income statement is presented below:

Sales $3,900,000

Less: Cost of goods sold $1,872,000

Gross profit $2,028,000

Less: Operating expenses

Commissions expense $429,000

Rent expense $54,000

Advertising expense $468,000

Office salaries expense $234,000

Depreciation expense $141,000

Interest expense $7,150

Total operating expenses -$1,333,150

Income before taxes $694,850

Less: Income tax expense $208,455

Net income $486,395

Working notes:

1. Commissions expense is 11 % of sales

= 11% × $3,900,000

= $429,000

2. Advertising expense is 12 % of sales

= 12% × $3,900,000

= $468,000

Interest expense is 11 % annually on a $260,000

= 11% × 260000 × 3 months ÷ 12 months

= $7,150

Income tax expenses =is

= 30% × $694,850

= $208,455

As we know that the income statement records the expenses and the revenues and the same is shown to determine the net income or net loss for the given period

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3 years ago

Why does location matter?

BigorU [14]

answer: you need to know where your at

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3 years ago