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Andreyy89
3 years ago
7

Assume that in 2015, the first edition of a comic book was sold at auction for $1,920,000. the comic book was originally sold in

1942 for $.09.for this to have been true, what was the annual increase in the value of the comic book?
Business
1 answer:
alina1380 [7]3 years ago
4 0
Let
x------------------- > cost comic book sold in 1942--------------> <span>$1,920,000
</span>y------------------- > cost comic book sold in 2015--------------> $0.09
t------------------ > time---------------> (2015-1942)= 73 years
z-----------------> average increase per year

we know that
<span>z={[(x-y)/y]/t}*100
</span>then

z={[(1920000-0.09)/0.09]/73}*100=29,223,743 %

the answer is 29,223,743 %



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On December​ 31, Mercury Corporation has the following data​ available:
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Answer:

37.25%

Explanation:

Average total common stockholders' equity:

= (Beginning common​ stockholders' equity + Ending common​ stockholders' equity) ÷ 2

= ($530,000 + $490,000) ÷ 2

= $510,000

Return on Equity = Net income ÷ Average total common stockholders' equity

                            = $190,000 ÷ $510,000

                            = 0.3725

                            = 37.25%

3 0
3 years ago
American Idle sells hammocks in a perfectly competitive market. This year, the price of hammocks has fallen to $24, and Simon Co
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Shut down as P < AVC.

Explanation:

Given that,

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Average variable cost = $25

Average total cost (ATC) = $30

Marginal cost = $24

He should shut down because the price received by him for the product is less than average variable cost. He should shut down its operations because he won't be able cover the average variable cost associated with the production of the product.

Price = $24 which is less than average variable cost of $25.

If he will be able to cover its variable cost then he will continue operating in this market condition.

3 0
3 years ago
On August 8th the​ three-month risk-free rate of interest in the United States was 3.75 percent and it was 3.00 percent in Japan
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Answer:

The answer is 0.01082

Explanation:

The formula for forward exchange rate is:

F = S x 1+rd/1+rf

where F is the forward exchange rate

S is the spot exchange rate(0.010798)

rd is the foreign currency interest rate(3% or 0.03)

rf is the domestic interest rate(3.75% or 0.0375

Month is 3 months(90days) and total number of days in a year is 360days.

Find find the attached file for calculation

6 0
3 years ago
A cylindrical candle that is 15 cm high has a diameter of 8 cm. Sketch
drek231 [11]

Answer:

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Explanation:

The<em> sketch </em>of the <em>shape</em> is shown on the diagram attached indicating the <em>height </em>(<em>15 cm</em>), the <em>diameter</em> (<em>8cm</em>), and the radius (4cm).

The<em> volume</em> of a <em>cylindrical </em>shape is calculated with the formula:

      Volume=\pi \times radius^2\times height

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To express in terms of m (meters) convert the radius and the height from cm to m:

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6 0
3 years ago
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Answer:

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Total indirect product costs                        $30,750

7 0
3 years ago
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