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
BartSMP [9]
3 years ago
15

a. If the value of land in an area is increasing 10.5 percent a year, how long will it take for property values to double? (Roun

d your answer to 1 decimal place.)
Business
1 answer:
wariber [46]3 years ago
3 0

Answer:

6.7 years

Explanation:

This question can be answered using Rule 70. It is a rule that it used to estimate how long it takes for an investment to double in value. In this case, the investment is land and the rate is 10.5%.

Formula for rule 70;

Time it takes for value to double = 70/rate

Time it takes for value to double = 70/10.5

Time = 6.6666

To the nearest 1 decimal place, it would take 6.7 years

You might be interested in
Saphire Company budgeted the following production in units for the second quarter of the year:
Ugo [173]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Sales:

April 45,000

May 38,000

June 42,000

Each unit requires one pound of raw material. Saphire's policy is to have 30% of the following month's production needs for materials in inventory.

A) Budgeted production= sales + desired ending inventory - beginning inventory

Budgeted production:

Sales=38,000

Ending inventory= 42,000*0.3= 12,600

Beginning inventory= 38,000*0.3= (11,400)

Total= 39,200

B) Desired beginning inventory= budgeted sales*30%

Beginning inventory= 42,000*0.3= 12,600

6 0
4 years ago
The difference between what is right and wrong is usually very clear.
AnnZ [28]

。☆✼★ ━━━━━━━━━━━━━━  ☾

Not necessarily. Sure, there are some things where it is very clear what is right and wrong but there are so many situations where it is hard to differentiate between what is right and what isn't.

Have A Nice Day ❤

Stay Brainly! ヅ

- Ally ✧

。☆✼★ ━━━━━━━━━━━━━━  ☾

8 0
3 years ago
What costs are considered “relevant” and which are considered “irrelevant “to a business
Klio2033 [76]

Answer:

Relevant costs are costs that will be affected by a managerial decision. Irrelevant costs are those that will not change in the future when you make one decision versus another.

Explanation:Examples of irrelevant costs are sunk costs, committed costs, or overheads as these cannot be avoided.

4 0
3 years ago
Loss leaders are poorly managed retailcompanies of outlets
viktelen [127]
Not for sure about that
8 0
3 years ago
PLEASE HELP!!! I NEED HELP WITH THE WHOLE TEST SOMEONE PLS HELP
sergij07 [2.7K]

Answer:

Pretty sure it's to <u>shift the cells up</u>

Explanation:

7 0
3 years ago
Other questions:
  • When a buyer returns merchandise purchased for cash, the buyer will record the transaction as a:____
    10·1 answer
  • ​Canyon Canoe Company's Amber Zack Wilson are continuing their analysis of the company's position and believe the company will n
    9·1 answer
  • The following is national income account data for a hypothetical economy in billions of dollars: gross private domestic investme
    14·1 answer
  • Liu Sales has two store locations. Sanford has fixed costs of $154,000 per month and a contribution margin ratio of 30%. Orlando
    10·1 answer
  • The balance sheet of a corporation reports ______. only the debts of the business and its owners only the results of the busines
    14·1 answer
  • Which type of data is represented in the following statement? 42% of customers who purchase a warranty plan use the warranty ser
    6·1 answer
  • New Business is just being formed by 10 investors, each of whom will own 10% of the business. The firm is expected to earn $500,
    11·1 answer
  • I love you cookie :]
    10·1 answer
  • True or false: The value chain concept is applicable primarily to high-tech firms in rapidly changing environments.
    9·1 answer
  • Which organization helps individuals accumulate wealth through tax-deferred programs?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!