Answer:
a 26%
Explanation:
The computation of the annual rate of return on this investment is as follows:
Let us assume n be no of years
Now
The Annual rate of return is
= (Ending value ÷ beginning value)^1 ÷ n - 1
= ($8,000 ÷ $4000)^1 ÷ 3 - 1
= 0.2599
= 25.99 %
= 26%
hence, the annual rate of return is 26%
Therefore the correct option is a.
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
required purchase 83,500
Explanation:
The cost of inventory in july sales and our desired ending invenory is the amount we need. the beginning inventory is a portion of this demand already fullfil, we need to purchase for the difference.
cost of inventory sales for July:
70,000 x (1 - 45%) = 38,500
desired ending inventory 105,000
beginning inventory <u> (60,000) </u>
required purchase 83,500
The replacement period ends on December 31,2023 based on the information given about the insurance.
<h3>How to explain the information?</h3>
It should be noted that the replacement period is the period beginning and ending the reimbursement of an equipment.
It should be noted that the replacement will begin on the date when the equipment was stolen. In this case, it will then end two years after the close of the first tax year where the part of gain is realized.
Therefore, the replacement period ends on December 31,2023
Learn more about insurance on:
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Options
A) September 30, 2023
B) December 31, 2023
C) December 31, 2022
D) December 31, 2021
The formula for compounding interest is
F= P(1+i)^n
where F is the future worth, P is the principal amount, i is the interest, and n is the number of years. Applying this equation,
F = 2700(1+0.0875)^8
F = $ 5282
I hope I was able to help you with this. Have a good day!
