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PtichkaEL [24]
2 years ago
11

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. In 2010, an auction hous

e sold a painting at auction for a price of $1,130,000. Unfortunately for the previous owner, he had purchased it three years earlier at a price of $1,710,000. What was his annual rate of return on this painting
Business
1 answer:
sasho [114]2 years ago
4 0

Answer:

rate of interest  = -12.90%

Explanation:

The computation of the annual rate of return is shown below:

As we know that

Future value = Present value * (1 + interest rate)^number of years

$1,130,000 = $1,710,000 × (1 + interest rate)^3

0.660819 = (1 + interest rate)^3

0.8710 = 1 + interest rate

So, the rate of interest is

rate of interest  = -0.128981

rate of interest  = -12.90%

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As the winter holiday season was approaching, Margie decided to give each team a window display or an indoor display to decorate
Flura [38]

Answer:

The answer is autonomy (Option D)

Explanation:

Autonomy in human resource management refers to the level or degree of discretion and freedom which an employee is permitted to exercise when performing his/her job.  In other words, it means granting employees the freedom on how to approach work.  

A manager or superior like Margie (in the question) who gives employees autonomy simply gives minimal instruction on what needs to be achieved but allows the employees to go about the job in ways that best suit them.

7 0
2 years ago
Suppose that the spot price of the euro is currently $1.30. The 1-year futures price is $1.35. Is the interest rate higher in th
valkas [14]

Answer:

The interest rate is higher in the US.

Explanation:

The forward price is calculated using the following formula,

F= S ( 1+Rd / 1+Rf)^t

where,

  • F = Forward rate
  • S = Spot rate
  • Rd = Nominal interest rate in domestic market
  • Rf = Nominal interest rate in foreign market
  • t = time in years

We consider that the domestic market is the US and the domestic currency is the USD. Thus, it is a direct quote where 1 EUR = 1.3 USD

The forward price ER is more than the Sport ER only when the interest rate in domestic market is more than the interest rate in foreign market and as a result, the value of domestic currency against a foreign currency in the forward market depreciates.

We can see this by the following example,

Say Spot rate is $1.3 per 1 EUR and the interest rate in US is 10% while that in Euro zone is 5%. When we calculate the forward ER we will see that 1 EUR will buy us more USD in forward (more than 1.3 USD)

F= 1.3 * (1.1 / 1.05)^1   => $1.362 PER 1EUR

3 0
3 years ago
Wheat is the main input in the production of flour. if the price of wheat increases, all else equal, we would expect _______
Ostrovityanka [42]

Wheat is the main input in the production of flour. if the price of wheat increases, all else equal, we would expect b. Supply of flour to decrease.

Wheat product is read to reach32.2 million tonnes in 2022 – 23, 30 above the 10- time normal to 2021 – 22 of24.7 million tonnes.

Climate change-affiliated events play a decreasingly pivotal part in food instability. In summer of 2021, the world faced a wheat deficit due to heatwaves and famines that hit the US and Canada, the alternate and third-largest wheat exporters after Russia. the US Department of Agriculture prognosticated global wheat product would decline from to774.83 million tons in 2022 to 2023, from779.29 million tons last season. In nations similar as Iraq, the deficit is compounded by extreme water dearths.

Learn more about Supply of wheat here: brainly.com/question/26826780

#SPJ4

3 0
1 year ago
Outdoor Luggage Inc. makes high-end hard-sided luggage for sports equipment. Data concerning three of the company’s most popul
schepotkina [342]

Answer:

                                                       Ski             Golf           Fishing

                                                       Guard       Guard       Guard

selling price                                   $260         $330        $205

variable cost                                  $120          $180         $135

contribution margin                       $140          $150         $70

machine time                                 9 min.        12 min.      11 min.

lbs. of pellets                                  12              7                11

total machine time is the constraint in the production process

1a)

contribution margin per                 $933.33   $750         $381.82

machine hour

1b)

ski guard since its contribution margin per machine hour is much higher than the rest of the products

1c)

fishing guard since its contribution margin per machine hour is much lower than the rest of the products

2a)

                                                       Ski             Golf           Fishing

                                                       Guard       Guard       Guard

contribution margin per                 $11.67      $21.43       $6.36

lbs. of pellets

2b)

Golf guard since its contribution margin per lb. of pellets is much higher than the rest of the products

2c)

fishing guard since its contribution margin per lb. of pellets is much lower than the rest of the products

3)

Golf Guard ($150)

4 0
2 years ago
General Motors increases the price of a model car produced exclusively for export to Europe. Which U.S. price index is affected?
alexira [117]

Answer: The GDP deflator

Explanation: The GDP(gross domestic product) deflator is a price index that is used to measure the prices of all the goods and services produced within an economy. The cars which are exported by General Motors are produced domestically within the United States of America and exported outside the country.

Any goods produced externally are not considered when determining the GDP deflator.

4 0
3 years ago
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