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sergiy2304 [10]
3 years ago
6

A homeowner paid $85,000 for a house three years ago. The house sells today for $110,000. How much has the property appreciated?

a) 29%b) 25%c) 28%
Business
1 answer:
Dima020 [189]3 years ago
6 0

Answer:

Option (a) is correct.

Explanation:

Amount paid for house three years ago = $85,000

Selling price of house today = $110,000

Therefore,

Property appreciated by following percentage:

= (change in value ÷ Amount paid for house three years ago) × 100

= [($110,000 - $85,000) ÷ $85,000] × 100

= ($25,000 ÷ $85,000) × 100

= 0.2941 × 100

= 29.41%

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Travis has a 2,400 square foot home. He is self employeed and uses one room of his home exclusively for his business. The area o
Montano1993 [528]

Answer:

$500;$810

Explanation:

Based on the information given we were told that he painted his office and replaced the door at a cost of the amount of $500 which means that Travis has the amount of $500 in deductible direct expenses

Calculation for deductible indirect expenses.

First step is to calculate the utilities

Utilities= $3,000 x (240/2,400)

Utilities= $3,000 x 10%

Utilities= $300

Second step is to calculate the property taxes

Property taxes= $1,500 x 10%

Property taxes= $150

Third step is to calculate the mortgage interest

Mortgage interest= $3,600 x 10%

Mortgage interest= $360

Now let calculate the deductible indirect expenses.

Deductible indirect expenses=$300+$150+$360

Deductible indirect expenses=$810

Therefore Travis has $500 in deductible direct expenses and $810 in deductible indirect expenses.

4 0
3 years ago
Over time the average rate of return on stocks is
DiKsa [7]
7%, hope this helps!

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Caramelatte
8 0
3 years ago
Read 2 more answers
you are billed $300 at 5% simple interest for 2 years but given an opportunity to pay only 3% compound interest for 2 years. Whi
balandron [24]
This question is a bit tricky to answer because it does not state how often interest rate is applied so lets say for the simple 5% interest rate the rate of interest was calculated after 2 years you would pay a total interest of $15 since interest was only calculated once but for the 3% calculating every year with compound it would be a total of 18.27 dollars in interest but then you would have to calculate the 5% simple interest the same way which would total to $30 if calculated once a year being more than the 3% compound. But lets say interest is calculated once a month your total for the 5% simple interest would be $360 dollars interest for those 2 years and the 3% compound would be $406.97 dollars in interest. So over all the less amount of times interest compounds the less interest there is making it more worth than the simple but if the compounding occurs more frequently the simple 5% interest is more worth it. In this situation I think it might just be yearly interest which makes the 3% compound more worth taking for this short amount of time.
6 0
3 years ago
MNCs can use their global presence toa. take advantage of underpriced labor services available in certain developing countries.
denis23 [38]

Answer:

a. take advantage of underpriced labor services available in certain developing countries.

b. gain access to special R&D capabilities residing in advanced foreign counties.

c. boost profit margins and create shareholder value.

d. avoid regulations and lower tax burdern

Explanation:

Multinational corporation is a company that operates locally in its home country and also aborad. It usually maintains a central office that coordinates business activities.

MNCs have various advantages which includes:

- taking advantage of lower priced labour in developing countries, for example some companies take advantage of cheap labour in China to produce their goods.

- when a company operates in an advanced economy it will take advantage of research and development there.

- regulations and tax burdens can be avoided by setting up manufacturing plants in countries with low regulatory policies.

- MNCs boost shareholder profits by taking advantage of their multiple locations to gain more profits.

7 0
3 years ago
Read 2 more answers
Dorian has started a cultural shift at his organisation in quality process. Which type of reaction will he most likely face in t
beks73 [17]

The type of reaction will he most likely face in the early stages is rigid and reactive.

<h3>What is Organization?</h3>

Organization refers to the group of people working together in order to achieve the organizational goals. The goal of every organization is to maximize the profits for which it takes various activities.

In the above scenario, Dorian has started a cultural organization in a quality process. The changes made in any of the organization are rigid at first place.

The employees of the Dorian organization will react to the changes made regarding culture of the organization. Later on everyone will be adaptive to the changes.

Learn more about employees here:

brainly.com/question/18633637

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5 0
2 years ago
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