Answer:
Concept: Business digression
- Lets assume you live in Los Angeles CA
- LA houses the Lakers, dodgers, and so many more big brand teams.
- A consumer which is defined as any person in a free and open market to openly trade their wealth and income in return for an item or service.
- Residence defined as the area that surrounded the immediate perimeter of the said consumer.
- Hence, by the principle of <u>socialization</u><u> </u>people are more inclined to buy sports gear to represent their teams and inclined to participate in consumer purchases based on their peers.
- It becomes the "lifestyle" and "ideal" personalities in a place such as LA and this inherently drives up sales of sports and entertainment commodities.
- The location, or residence directly <u>exposes</u> the consumer to the products in a market where it "hot" and in style/demand.
- Rate brainlist & give positive feedback.
Answer:
Average rate of return= 10.17
%
Geometric return = 9.23%
Explanation:
<em>Geometric average return</em>
This is compounded annual rate of return which is used to measure the performance of an asset over a certain number of years. It helps to measure the return generated by an investment taking into account the volatility .
Unlike the arithmetic average the geometric average gives an idea of the real rate taking into account of volatility
The formula below
Geometric Return =(1+r1) (1+r2) ...... (1+rn)^1/n
Geometric Average return =
(1.12× 1.19× 1.21× 0.88× 1.26× 0.95)^(1/6) - 1 =0.09233168
Geometric return =0.0923
× 100= 9.23%
Geometric return = 9.23%
Average rate of return
<em>The average return is the sum of the returns over the years dividend by the Numbers of returns</em>
Average return = sum of return / No of returns
(12% + 19% + 21% + (12%) + 26% + (5%))/6 =10.17
%
Average rate of return= 10.17
%
Geometric return = 9.23%
Answer:
James and Short LLC
Short's capital account on July 1, 20X1 should be recorded at the fair value of contributed property minus the mortgage liability, which the partnership assumed.
Explanation:
The fair value of contributed property is the current market value of the contributed property by Short. It is the market value that will determine how the contributed property can be valued. The market value assumes that the contributed property is being sold in pieces and not as a whole. This is why the value is considered a fair basis for recognizing the capital contribution of Short into the partnership.
Answer:
accounts receivable processing
or
order department
<span>Yolanda
buys a house in the mountains for $450,000 which she uses as her
personal vacation home. she builds an additional room on the house for
$40,000. she sells the property for $560,000 and pays $28,000 in
commissions and $14,000 in legal fees in connection with the sale. what
is the recognized gain or loss on the sale of the house?
= </span>She gained $28,000