1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Elanso [62]
3 years ago
6

A company bought a parcel of land twenty years ago. The land is currently worth $575,000. The yearly appreciation rate has been

3.7%. About how much did the company pay for the land
Business
1 answer:
tekilochka [14]3 years ago
3 0

Answer:

The company paid $278,031

Explanation:

Giving the following information:

A company bought a parcel of land twenty years ago. The land is currently worth $575,000. The yearly appreciation rate has been 3.7%.

<u>To calculate the past value of the land, we need to use the following formula:</u>

PV= FV/(1+i)^n

PV= present value (20 years ago)

n= 20

FV= 575,000

i= 0.037

PV= 575,000 / (1.037^20)

PV= $278,031

You might be interested in
When buying highly technical, few-of-a-kind products such as hydroelectric power plants, governments have found that general con
Lubov Fominskaja [6]

Answer:

Cost-plus-fixed-fee pricing

Explanation:

Cost-plus-fixed-fee pricing is when the contractor specifies the expenses of a project and a fixed fee for the services that provides which allows the contractor to earn a profit. In this type of pricing, the overall cost of the project  is determined at the end and all the authorized costs are paid to the contractor in full. According to this, the answer is that these contractors use cost-plus-fixed-fee pricing to compensate them for any cost overruns.

7 0
3 years ago
A congresswoman from a state with several tire factories argues that the government should impose a tariff on tires because they
Korvikt [17]

Answer:

e. National-security argument

Explanation:

When people start talking about wars, different types of armed conflicts, or defending the country against its enemies, then they are using the national security argument. In this case, the argument is not very solid since military vehicles do not use regular tires, they use special tires that are generally not made in China.

6 0
3 years ago
What is the difference between Singapore's economy and the US's economy
marusya05 [52]

Answer:

I hope this helps.

Singapore today, it is one of the world's fastest-growing economies. Its GDP per capita has risen to an incredible U.S. $60,000, making it one of the strongest economies in the world. With the US the growth in GDP - the value of goods and services in the economy - has generally been strong. The most recent data shows a 3.1% growth for the first quarter of 2019. This is lower than the 2018 peak of 4.2% (second quarter), which has been the highest level achieved during President Trump's administration.

Explanation:

4 0
4 years ago
an advantage for families with a stay-at-home mother's includes the opportunity for children to from secure attachment true or f
icang [17]

Answer:

true?

Explanation:

4 0
3 years ago
Maizie files a suit against NuProducts, Inc. NuProducts responds that even if Maizie's statement of the facts is true, according
ycow [4]

Answer: 3. a motion to dismiss.

Explanation:

When a party believes that a case has no legal basis, in other words the party does not believe that what they did warrants a court case, they would file a motion to dismiss so as not to waste resources fighting something they see as frivolous.

In this case, NuProducts is essentially filing a motion to dismiss when they say that they did nothing wrong according to the law. They would prefer if the courts simply dismissed the case so that they would not incur costs to fight the case.

4 0
3 years ago
Other questions:
  • Jordan Company budgeted sales of 400,000 calculators at $40 per unit last year. Variable manufacturing costs were budgeted at $1
    12·1 answer
  • Which of the following is NOT a benefit of safety and health programs?
    11·2 answers
  • Which information is found on a credit report?
    13·1 answer
  • Thomas Malthus’s predictions turned out to be wrong due to:
    14·1 answer
  • "Google employs the practice of team building and rewards ideas that are outside the box. They are likely to have ________ compa
    8·1 answer
  • Suppose that this economy produces sweatshirts, dental examinations, coffee drinks, and coffee beans. Assume all of the coffee b
    13·1 answer
  • Standard Direct Materials Cost per Unit from Variance Data The following data relating to direct materials cost for October of t
    10·1 answer
  • In the real estate business, which professional’s primary role is to provide clients with the information they need to make info
    14·1 answer
  • HELP ME PLS ASAP PPSLSPLSPSSLSPS
    12·2 answers
  • A corporation makes an investment of $20,000 that will provide the following cash flows after the corresponding amounts of time:
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!