Answer:
Ans. The average annual rate of return over the four years is 2.792%
Explanation:
Hi, first let´s introduce the formula to use
![r(Average)=\sqrt[n]{(1+r(1))*(1+r(2))*(1+r(3))+...(1+r(n))}-1](https://tex.z-dn.net/?f=r%28Average%29%3D%5Csqrt%5Bn%5D%7B%281%2Br%281%29%29%2A%281%2Br%282%29%29%2A%281%2Br%283%29%29%2B...%281%2Br%28n%29%29%7D-1)
Where:
r(1),(2),(3)...n are the returns in each period of time
n =number of returns to average (in our case, n=4).
With that in mind, let´s find the average annual return over this four years.
![r(Average)=\sqrt[4]{(1+0.025)*(1+0.025)*(1+0.12)+(1-0.07))} -1=0.022792](https://tex.z-dn.net/?f=r%28Average%29%3D%5Csqrt%5B4%5D%7B%281%2B0.025%29%2A%281%2B0.025%29%2A%281%2B0.12%29%2B%281-0.07%29%29%7D%20-1%3D0.022792)
Therefore, the average annual return of this invesment in 4 years is 2.2792%
Best of luck.
It is true that a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping demand curve.
<h3>What is competitive market?</h3>
A perfect competitive market has a straight line graph on the demand of goods and services this means that the goods are sold at the market price. Monopoly market price are not regulated hence the curve is not straight.
Therefore, It is true that a perfectly competitive industry faces a horizontal straight line demand curve whereas a monopoly faces a downward sloping demand curve.
Learn more on competitive market below
brainly.com/question/25717627
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Answer:
The journal entry which is to be reported on January 1 is shown below:
Explanation:
The journal entry which is to be reported on January 1 for the issuance is as:
On January 1
Cash A/c............................Dr $600,000
Notes Payable A/c..........Cr $600,000
Being the issuance as well as proceeds of the note is recorded
On January 1, the company issues as well as proceeds the note, so, the cash account is debited as the cash is increasing and any increase in asset is debited. Therefore, the cash account is debited. And the note will become payable, which lead to increase in liability and any increase in liability is credited. So, the notes payable is credited
Answer:
A resume includes all your special skills and extracurriculars, whereas an application only includes basic information. Resumes are people's "chance to shine," possibly impressing employers to increase the chances of hiring.
The total gains from trade are 66 dishes of pasta and 66 pizzas an hour.
Explanation:
A calculation of the net income from trade is the amount of the surplus of the customer and the earnings of the manufacturer or, more generally, the enhanced efficiency of the specialization of production with the subsequent export.
Trade gains can also apply to the net benefits of reducing barriers to trade, such as import tariffs, for a region.
To measure the income, take the price at which you sell the investment and deduct from it the price you originally charged for it. Now that you've got the income, split the income by the original value of the investment. Finally, subtract the response by 100 to adjust the percentage of your investment.
