Answer: -13.35%
Explanation:
Based on the information given in the question, the annual rate of return on this painting will be calculated thus:
Sales price of painting = $1,080,000
Cost price of painting = $1,660,000
The sales Price formula is given as
= Cost price × (1 +r)³
1080000 = 1660000 × (1+r)³
1,080,000/1,660,000 = (1+r)³
0.65 = (1 + r)³
Annual rate of return r will now be:
= 0.6506^⅓ - 1
= -13.35%
People are often entitle to their behavior or actions. The statement that is true is that Brenda has not violated any fiduciary duty.
- A fiduciary duty is known to be when a person did accept some measures of responsibility to act in place in the best interests of another person or entity.
A breach of fiduciary duty takes place only when a principal did not carry out the responsibly given to them and for that they may pay some penalty.
For Brenda case, she has not accepted to carry out the duty on behalf of Jim and as such She is not to be held for breach of fiduciary duty.
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Seller Jim tells his agent Brenda that he does not want his home marketed to families with children. Brenda refuses. Which statement is true?
Brenda must follow all of Jim’s instructions.
Brenda has violated the fiduciary duty of obedience to Jim.
Brenda could be liable for a breach of the listing contract terms.
Brenda has not violated any fiduciary duty.
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Answer:
A. Consumers are not allowed to see their credit reports.
Explanation:
A credit report communicates how reliable an individual or an entity in repaying their debts. It assesses individual creditworthiness by assigning a credit score to each potential borrower. A high credit score shows the individual is reliable in settling their obligations.
Individuals are often encouraged to counter check their credit report to confirm accuracy. Credit bureaus do share credit reports with customers on-demand or at regular intervals. An inaccurate credit report may be a hindrance to obtaining credit facilities such as a loan or a mortgage.
