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Evgen [1.6K]
3 years ago
8

You gave $770 to your cousin. As a token of gratitude, your cousin gave you $1,190 at the end of the year instead of $770. If yo

u look at this as an investment, then your annual rate of return would be_____________
Business
1 answer:
Kamila [148]3 years ago
7 0

Answer:

annual rate of return  = 54.55%

Explanation:

given data

gave to your cousin present value = $770

cousin give you future value = $1190

solution

we get here annual rate of return that is express as

annual rate of return = \frac{future\ value}{present\ value} - 1    ...................1

put here value and we get

annual rate of return = \frac{1190}{770} - 1

solve it we get

annual rate of return  = 54.55%

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Answer:

C). I, II, and IV only

Explanation:

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3 years ago
Which of the following is a risk (or potential pitfall) of cost leadership? Multiple Choice a. Cost differences increase as the
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Answer:

d. Cost cutting in one area of the value chain might increase costs in another.  

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Cart Vader is a new business venture aimed toward selling golf carts to be used as neighborhood recreational vehicles. The new C
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Answer:

d. perfect price discrimination.

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5 0
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The increased customer value achieved through performing organizational functions like marketing or manufacturing more efficient
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Required Record the following transactions in general journal entry form. Record the event num-ber in the date column. 1. Issued
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Answer:

1.    Cash          $5000 Dr

            Common Stock (at par)         $5000 Cr

2.    Cash          $4000 Dr

            Loan Payable         $4000 Cr

3.    Supplies        $500 Dr

            Account Payables        $500 Cr

4.    Account Receivables        $8000 Dr

            Service Revenue                   $8000 Cr

5.    Salaries Expense           $3900 Dr

            Cash                                   $3900 Cr

6.    Prepaid Rent               $2400 Dr

             Cash                           $2400 Cr

7.    Office Furniture         $3500 Dr

              Account Payable      $3500 Cr

8.   Cash          $1800 Dr

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9.   Cash          $3000 Dr

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10.  Utilities Expense      $1200 Dr

              Cash                       $1200 Cr  

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12.  Certificate of Deposit Receivable       $2000 Dr

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Explanation:

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