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storchak [24]
2 years ago
8

A 50 year old customer receives an inheritance of $1,000,000 which he places with an investment adviser to invest with the objec

tive of safety of principal and a moderate level of income. As of the end of the first year, the portfolio is worth $1,300,000. As of the end of the second year, the portfolio is worth $1,200,000. Ignoring compounding, the approximate annual return on investment is:
Business
1 answer:
AfilCa [17]2 years ago
8 0

Answer: 10%

Explanation:

Given that :

Worth of investment = $1,000,000

Worth after 1 year = $1,300,000

Worth after 2 years = $1,200,000

From the above, investment recorded $300,000 increase after one year and $100,000 Depreciation at the end of the second year.

Therefore, Net increase:

$300,000 - $100,000 = $200,000 (after 2 years)

Therefore, average yearly/annual increase = $200,000 / 2 = $100,000

Therefore, the annual return on the investment is :

(Annual increase / investment worth) × 100%

(100,000 : 1,000,000) × 100%

0.1 × 100% = 10%

= 10%

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vdf

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Weiss Company purchased two identical inventory items. The first purchase cost $30 and the second cost $32. When the Company sol
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Answer:

a) FIFO

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FIFO means first in, first out. It is an inventory system where the first purchased inventory is the first to be sold . The cost of goods sold is $30 which is equal to the price of the first purchased inventory . Therefore, the FIFO inventory system was used.

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I hope my answer helps you.

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3 years ago
Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. She might want to open a
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3 0
3 years ago
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Councilwoman moore stepped up to the podium. "i don't think i need to upon reasons for voting against the proposed construction;
S_A_V [24]

Answer:

Expound, cajoled, inscrutable, acrimony, exult, harry, fluctuate

Explanation:

Word banks

Fill in the blanks using these words: fluctuate, cajole, expound, acrimony, exult, inscrutable, metier, and harry.

Councilwoman moore stepped up to the podium. "i don't think i need to expound upon reasons for voting against the proposed construction; i thought that the message was clear enough at the last meeting--when you all opposed it as well. obviously, someone has cajoled a few of you into changing your opinion since last month, and your sudden, inscrutable decision to yield to beta-rad enterprises bothers me a great deal. what happened to the surplus of acrimony  toward beta-rad from the last meeting? don't you remember how we exult in our victory over the radioactive waste dump? for two years, we've listened to beta-rad executives harry us, and we finally had the chance to stop it for good. how could the opinions of fifteen people possibly fluctuate this much?"

word bank:

5 0
3 years ago
Read 2 more answers
Economic cost can best be defined as_____________.
Maksim231197 [3]

Answer:

The correct answer is letter "C": the income the firm must provide to resource suppliers to attract resources from alternative uses.

Explanation:

Economic costs represent payments to suppliers a firm makes to obtain and keep the services of a given resource. Besides, economic costs consider the benefits and costs of selecting one choice over another. Then, economic costs analyze the opportunity cost of choosing one resource for production compared to others.

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2 years ago
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