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fiasKO [112]
3 years ago
13

Assume that in January 2017, the average house price in a particular area was $279,400. In January 2002, the average price was $

196,300. What was the annual increase in selling price? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Business
1 answer:
tatyana61 [14]3 years ago
4 0

Answer:

2.38%

Explanation:

In January 2017 the average house price in an area was $279,400

In January 2002 the average house price was $196,300

Therefore the annual increase in selling price can be calculated as follows

t = 15

= ($279,400/$196,300)^1/15 -1

= 1.42333^0.06666 -1

= 1.02378 -1

= 0.02378 ×100

= 2.38%

Hence the annual increase in selling price is 2.38%

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3 years ago
Your restaurant has assets of $64,342 and liabilities of $47,266. What is the equity of your business?
Alborosie

Answer:

Equity of the business= $17,076.

Explanation:

Equity as used in business is used to refer to the difference between the worth of a business (its assets) and what the business owes (debts and liabilities).

In other words, total equity refers to the value which is left in the company after the total liabilities must have been subtracted from the total assets.

The formula to calculate total equity is given below:

Equity = Assets - Liabilities

Therefore to calculate the equity above, we have:

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<u>Explanation:</u>

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3. As in the case of Positron Auto Parts, their approach follows The Common Good ethical framework, which relies heavily on cultural aspects to define ethical practices.

6 0
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Answer:

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Hope you understand the point here. Good Luck.

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ololo11 [35]
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