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
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

You might be interested in
In the United States, what does the general level of a family’s income have to do with the amount of cash the family is likely t
Sophie [7]

Answer:

The general level of family's income is directly proportional to the amount of cash a family is likely to hold

Explanation:

Of the three motives of money, transactional motives of money relates to holding money(whether at hand or at bank) to meet daily transaction e.g buying of fuel/gas, transport fare to work place.

If the level of income of a family increases, other things being equal, the family tends to hold more money for their daily transaction. The level of income is directly proportional to amount of cash a family holds...

For example, family A earns $100 per week and holds $30 to meet daily transaction or unforeseen circumstances. If his pay increases to$150, it is intuitive for Mr A to hold higher money, lets say $50

6 0
3 years ago
Which of the following considerations should you identify when building a database?
USPshnik [31]
The answer is C hope it helps 
4 0
3 years ago
Read 2 more answers
One method of setting price using the cost-plus method is to add
Amiraneli [1.4K]
Cost-plus pricing<span>, also known as mark-up </span>price<span>, takes place when a firm calculates its unit costs and then adds a percentage profit to determine </span>price<span>.</span>
6 0
3 years ago
Advertising, engineering, marketing, product design, and web design are all examples ____ of work.
Viktor [21]

Knowledge work includes, among other things, engineering, marketing, product design, and web design.

<h3>What distinguishes service work from manufacturing labor?</h3>

A service economy is built on knowledge-intensive industries and services in economic production, well-educated employees in the occupational market, and innovative enterprises in business. A manufacturing economy is driven by the mass production of products.

<h3>What are the names of networks of businesses that produce product designers, engineers, manufacturing firms, distribution channels, and consumer outlets?</h3>

A supply chain in business is a network of establishments that acquire raw materials, transform them into intermediate goods, and then distribute finished goods to customers.

To know more about marketing visit:-

brainly.com/question/13414268

#SPJ4

4 0
1 year ago
Why do we need to consider the important points in making the salad?.​
UkoKoshka [18]

Answer:

It is very health to eat a salad...

Explanation:

Washing Ingredients - Wash salad greens and examine to insure the removal of all aphids. Then soak in cold water for half an hour to crisp, and dry on a towel or by shaking in a wire basket

Eating a salad a day is directly correlated with higher nutrient levels. ... The fat in salad dressing helps absorb key nutrients such as lycopene and alpha- and beta-carotene. People who eat salads, salad dressing, and raw vegetables are more likely to meet recommended intakes for vitamins C, E and folic acid Loaded with vitamins and minerals, eating a salad a day will also increase the level of powerful antioxidants in your blood. The basis of any salad, leafy greens, offer a huge nutritional benefit. Among the best of the super greens group are: kale, spinach, beet greens, watercress and Romaine lettuce

4 0
3 years ago
Other questions:
  • Suppose that you are given the following information:
    6·1 answer
  • A medical researcher suggests that the new flu shot will prevent all forms of the flu, but it was never tested or proved to be t
    14·1 answer
  • Water Front Rentals has 20,000 shares of stock outstanding at a market price of $24 each and earnings per share of $1.84. The fi
    9·1 answer
  • If the price of Pepsi decreases, all else held constant, then we’d expect to see a consequent shift of the demand curve for: Mul
    14·1 answer
  • Skidmore Music Company had the following transactions in March: Sold instruments to customers for $16,300; received $11,200 in c
    9·1 answer
  • Suppose that next year the U.S. will be in one of the following economic conditions: Boom, Moderate Growth, Recession, or Depres
    5·2 answers
  • Senff Corporation uses the following activity rates from its activity-based costing to assign overhead costs to products: Activi
    6·1 answer
  • On December 31, Strike Company has decided to discard one of its batting cages. The equipment had an initial cost of $310,000 an
    11·1 answer
  • HELP ASAP! GIVING BRAINLIEST! PLS CORRECT ANSWER
    8·1 answer
  • What is revision?hey
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!