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
aleksandrvk [35]
3 years ago
15

XYZ can buy a Monet for $8,200,000 today. She believes that the masterpiece can be sold in 9 years for $19,600,000. What is the

annual rate of return that XYZ expects to earn on this art investment? a. 139.02% (plus or minus .02 percentage points) b. 15.45% (plus or minus .02 percentage points) c. 10.17% (plus or minus .02 percentage points) d. 26.56% (plus or minus .02 percentage points) e. None of the above is within .02 percentage points of the correct answer
Business
1 answer:
myrzilka [38]3 years ago
4 0

Answer:

c. 10.17%

Explanation:

we can use the future value formula:

future value = present value x (1 + r)ⁿ

  • future value = $19,600,000
  • present value = $8,200,000
  • n = 9

$19,600,000 = $8,200,000 x (1 + r)⁹

$19,600,000 / $8,200,000 = (1 + r)⁹

(1 + r)⁹ = 2.390243902

⁹√(1 + r)⁹ = ⁹√2.390243902⁹√

1 + r = 1.101663943

r = 1.101663943 - 1 = 0.101663943 = 10.17%

You might be interested in
When is owning a car a better option than leasing a car?
earnstyle [38]
You can sell it later. if you lease, you are paying money for someone else's car. say you can buy a car for 20thousand or lease for 1000 per month. after 20months, you would have paid the exact same amount, except if you bought the car, you now have an asset tht can be sold.
6 0
2 years ago
Strategic planning starts with a _____ that reflects a firm’s vision, purpose, and values.
ivann1987 [24]

Strategic planning starts with a mission statement that reflects a firm’s vision, purpose, and values.

Strategic Planning Process: Strategic planning is the process of identifying long-term organizational goals, strategies, and resources, focusing on the horizon more than three years away.

Most large companies rely on one person to evaluate system requirements rather than relying on a system review committee. When assessing the feasibility of a schedule, systems analysts need to consider the trade-off between time and cost.

CRM (Customer Relationship Management) components can provide automated responses to sales inquiries, online order processing, and inventory tracking values.

Learn more about Strategic planning at

brainly.com/question/24864915

#SPJ4

5 0
1 year ago
Alpha Company is looking at two different capital​ structures, one an​ all-equity firm and the other a levered firm with ​$2.52
horrorfan [7]
Look on jiskha you will find your answer I promise
4 0
3 years ago
According to Douglas McGregor, team members that require supervision, direction and threat of punishment for non-compliance are
antoniya [11.8K]

Answer:

Theory X employees

Explanation:

Douglas McGregor formulated or constructed Theory X as well as Theory Y, which suggest or states two aspects of human behaviour at the work.

In short, 2 different views of the employees or individuals, one which comprise of negative aspects or views is the Theory X, and other one is Theory Y, which comprise of the positive aspects and the views of the people and employees.

So, in this case, the team members who need the supervision, threat of punishment and direction for the non - compliance will be the Theory X employees as it contain the negative aspects.

5 0
2 years ago
Which of the following is a correct statement? Multiple Choice Writing off an uncollectible account under the allowance method d
jok3333 [9.3K]

Answer:

Estimating un-collectible accounts expense improves the matching of revenues and expenses.

Explanation:

When uncollectibles are recorded through allowance method then, bad debts expense is provided, which reduces net income. But at the time of writing off only the allowance and accounts receivables account is affected and not the net income.

When direct method is used then also the net income gets reduced, as bad debt expense and accounts receivables is affected.

And as provided in first para, when estimating and creating the allowance for bad debts, it affects net income, and it also represents the true and fair view of expenses and income.

Thus, statement c is correct.

4 0
3 years ago
Other questions:
  • The XYZ Company has just hired you as Production Manager of their North American Fabrication Facility. Your first job is to use
    5·1 answer
  • The U.S. preference for __________ economic policies helps to explain why we have a smaller and more limited government than do
    8·1 answer
  • Which of the following statements about price wars is true? Multiple Choice a. Firms that have to deal with the possibility of p
    6·1 answer
  • Which statement is true of an e-distributor? a. An e-distributor offers services from different vendors in separate packages. b.
    6·1 answer
  • This résumé format focuses on both the skills and the work experience of the applicant: a. Chronological b. Functional c. Skills
    9·2 answers
  • Ana Carillo and Associates is a medium-sized company located near a large metropolitan area in the Midwest. The company manufact
    7·1 answer
  • A client reports foot pain and is diagnosed with arterial insufficiency. The nurse provides teaching about what the client can d
    12·1 answer
  • Why is it important for the balance of payments to balance?
    7·1 answer
  • Lang Warehouses borrowed $178,960 from a bank and signed a note requiring 8 annual payments of $28,819 beginning one year from t
    15·1 answer
  • Hideki just received his latest bank statement. To make sure it is correct, he
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!