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
damaskus [11]
3 years ago
13

Christina purchased 500 shares of stock at a price of $62.30 a share and sold the shares for $64.25 each. She also received $738

in dividends. If the inflation rate was 3.9 percent, what was her exact real rate of return on this investment? a.5.50 percent b.3.95 percent c.1.60 percent d.1.54 percent e.4.20 percent
Business
1 answer:
Gnesinka [82]3 years ago
6 0

Answer:

1.60 percent

Explanation:

exact real rate of return on this investment = interest rate - inflation rate

total revenue gotten by Christina = ( 500 × $ 64.25) + $ 738 = $ 32863

total money invested = 500 × $ 62.30 = $ 31150

her profit =  $ 32863 - $ 31150  = $ 1713

interest =  $ 1713 / $ 31150 = 0.054992 × 100 = 5.4992 %

exact interest rate = 5.4992 %  - 3.9% = 1.5992 approx 1.60 percent

You might be interested in
A job was budgeted to require 3 hours of labor per unit at $8.00 per hour. the job consisted of 8,000 units and was completed in
kiruha [24]
The total labor cost of variance is the difference of the two presented costs. The actual cost of production is presented below,
                       actual cost of production = $198,000
The other cost can be calculated through the equation,
                     cost of production = (3 hours/labor u)(($8/unit)(8,000) = $192,000
Thus, the total labor cost variance is approximately $6,000. 
5 0
3 years ago
Read 2 more answers
According to the law of comparative advantage, what should be the distinguishing characteristics of the goods a nation imports?
aliina [53]

Answer:

The correct answer is option C.

Explanation:

The law of comparative advantage states that a country will produce and export the commodity it has a comparative advantage in producing.  

In other words, if the country can produce good cheaply or at a lower opportunity cost.  

The good that cannot be produced cheaply or has a higher opportunity cost will be imported from the country that produces it cheaply.

6 0
3 years ago
On july 1 of the current calendar year, plum co. paid $7,500 cash for management services to be performed over a two-year period
morpeh [17]

Dec 31              Management Services ....................................$1875

                           To Prepaid Expenses.....................................................$1875

(Being prepaid expenses recognised for the year)


6 0
3 years ago
Read 2 more answers
Why might a person decide to take advantage of a non-installment credit offer?
Korolek [52]
A person would take advantage of a non installment credit offer if there was no interest charged on on the loan. Many of these offers will not charge interest on the loans if the loan is paid off in a short amount of time. Usually within 3 to six months of the time the loan is started. These offers are usually for appliances and furniture. You can always ask the store you are visiting if they have these offers available. If you don't pay the loan off within the amount of time, you are then charged the interest and have a longer amount of time to pay the loan off. 
8 0
3 years ago
The police need to have _____ to obtain a search warrant.
solniwko [45]

Answer:

a

Explanation:

they need a absolute certainty to search your house like what

7 0
3 years ago
Other questions:
  • Which of the following statements is correct? Revenue is recognized at the time of shipment when goods are shipped FOB destinati
    7·1 answer
  • Assume a nation’s economy is operating above full employment. if business taxes increase, how will output, employment, and price
    5·1 answer
  • The production possibilities curves suggest that:A) West Mudville should specialize in, and export, baseball bats.B) workers wil
    6·1 answer
  • Alex, brad, and carl are partners. the profit and rule sharing rule between them is 4:3:3 in the alphabetical order. the partner
    14·1 answer
  • Lori Nichols started an engineering firm, Engineering Enterprises P.C. During its first month of operations, the following trans
    5·1 answer
  • The maturity value of a 90-day note for $4,000 with an interest rate of 10 percent is?
    15·1 answer
  • First National Bank loans Mike’s Shoe Store $100,000 for remodeling. On their balance sheets, this loan is an asset for Mike’s S
    12·1 answer
  • For each of the following separate cases, prepare adjusting entries required of financial statements for the year ended (date of
    6·1 answer
  • Whats the best way to save up money as a 13 year old kid
    10·2 answers
  • What are the essential elements for a commodity to be rich in economics.​
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!