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
One advantage of using the internet as an advertising medium is
bekas [8.4K]
<span>One advantage of using the internet as an advertising medium is that you can control the size of audience you are trying to reach. Through IP addressed, you can create a broad group, or narrow in on a specific area within a city. Through such targeting, a marketing team can control the message delivered within the target market and control the amount of money spent on the campaign.</span>
4 0
3 years ago
A professional gambler moves from a state where gambling is illegal to a state where gam-bling is legal. Most of his income was,
Murrr4er [49]

Answer:

The answer is: A) raises GDP.

Explanation:

If a gambler is a professional gambler (pays income tax on his gambling earnings) then when he moves from a state that prohibits gambling to a state that allows gambling, his earnings will increase the GDP.

The GDP only considers legal income, so illegal activities such as prostitution, drug trafficking, or illegal gambling are not included in the GDP. But if they become legal (e.g. some states legalized marijuana) then they should be included in the GDP.

4 0
3 years ago
You measure sales over time and realize that the months of July, August, and September are particularly slow. As a result, you a
GarryVolchara [31]

Answer:

Letter c is correct. <u>Management Science.</u>

Explanation:

The correct alternative corresponds to the theory of management science.

This theory can be considered a contemporary management approach, whose central objective is to use several scientific methods to assist the company in reaching its objectives and goals.

That is, there is the use of a study of solutions of problems and techniques so that the use of resources and the decision-making process are potentialized for the production of a good or service.

This approach is often used in human organizations, as there are strong links in its implementation with the economy, management, management consulting, engineering, and others.

3 0
3 years ago
Herbert spencer believed that societies evolve from lower to higher forms because as generations pass, the most capable and inte
rodikova [14]
Survival of the fittest

8 0
3 years ago
Read 2 more answers
Todd Enterprises is preparing a cash budget for the second quarter of the coming year. The following data have been forecasted:
Fudgin [204]

Answer:

The answer is attached for ready reference

Explanation:

Please note no effect for depreciation is taken as it is non cash item.

The may ending balance is having a surplus of $103,300              

Download xlsx
8 0
4 years ago
Other questions:
  • The rate that a state assigns reflecting a company's stability or instability in employing workers is the:
    12·1 answer
  • The accounting procedures for sole proprietorships are the same as for partnerships except
    12·2 answers
  • The Forestville Freeze is regionally known for its employee training programs. Managers at the Freeze conduct research to determ
    6·1 answer
  • Money is to food as ________ is to ________.
    11·1 answer
  • What profit-oriented pricing method is often used because of the difficulty in establishing a benchmark of sales or investment t
    13·1 answer
  • Which of the following is not a step in the grievance process? Group of answer choices
    12·1 answer
  • Lindy's Flowers, Etc. purchased a delivery van for $60,000. The company was given a $4,000 cash discount by the dealer, and paid
    11·1 answer
  • The difference between the balance of a fixed asset account and the related accumulated depreciation account is termed a.histori
    12·1 answer
  • Excellent Company has provided the following operating information for one of its divisions: Sales $100,000 Variable expenses $5
    10·1 answer
  • Assess the trade-offs that investors face when making investment decisions, and provide one example of such a trade-off.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!