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Kitty [74]
3 years ago
6

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an

auction house sold a statute at auction for a price of $10,605,500. Unfortunately for the previous owner, he had purchased it in 2009 at a price of $12,643,500. What was his annual rate of return on this sculpture
Business
1 answer:
Anon25 [30]3 years ago
3 0

Answer:

-0.028870144

Explanation:

The computation of the annual rate of return on this sculpture is shown below:

We have to find the compound annual growth rate which is

= (Ending value ÷ Beginning value)^ (1 ÷ time period) - 1

= ($10,605,500 - $12,643,500)^ (1 ÷ 6) - 1

= -0.028870144

The six year comes from

= The Year 2015 - the year 2009

= Year 6

Basically, we applied the above formula so that the annual rate of return could come

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If the investment demand curve is vertical, a decrease in the interest rate will __________ investment, and therefore aggregate
Bezzdna [24]

Answer:

No effect, remain unchanged

Explanation:

The demand curve which is vertical, it means that the demanded quantity will remain the same, irrespective of the change in the price. In short, when price will increase, the quantity demanded will not be effected, whereas when price decrease then also the quantity demanded will not be effected or change.

So, if the demand curve of the investment is vertical, then the decrease in the rate of the interest will no effect the investment and the aggregate or total demand will also be remain unchanged as there is no effect on investment.

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3 years ago
Shopping situations can influence purchases. brenda was planning a small dinner party, and had gone to a new specialty food stor
grigory [225]

Brenda, who was planning a small dinner party and she found at the store a buy-one-get-one-free deal and a free gift with the purchase of a particular dessert, altered the menu as a result of the in-store promotion and ended up spending less than she'd planned. This shows that shopping situations can influence purchases, In this case, promotions in stores can influence purchase decisions.

3 0
2 years ago
Describe the difference between cost of goods and operating expenses.
MrRissso [65]

Both operating expenses and cost of goods sold (COGS) are expenditures that companies incur with running their business. However, the expenses are segregated on the income statement. Operating expenses and COGS measure different ways in which resources are spent in the process of running a company.

8 0
2 years ago
If materials were added at the beginning of the process, how many equivalent units of production for conversion costs would ther
Xelga [282]

Answer:

C.105,500 units

Explanation:

Equivalent unit of production is the quantity of work done in the manufacturing / production department. It also includes the completed percentage portion of the units in work in process.

Units complete and transferred = Beginning units + Additions - uncompleted units = 10,000 units + 100,0000 units - 15,000 units = 95,000 units

Equivalent Units = Units complete and transferred + ( Closing units x percentage completion )

Equivalent Units = 95,000 + ( 15,000 x 70% )

Equivalent Units = 95,000 + 10,500

Equivalent Units = 105,500

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2 years ago
The preferred method for situations involving strategic decision making, projects with a high degree of
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I Found the answer on internet.

The preferred method for situations involving strategic decision making, projects with a high degree of UNCERTAINTY AND PROJECTS WITH AN UNSTOPPABLE SCOPE IS THE TOP-DOWN APPROACH. TOP DOWN APPROACH IS USED TO ESTIMATE PROJECT TIME AND COSTS.
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