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Norma-Jean [14]
3 years ago
9

An investor bought a one-acre lot on the outskirts of a city for $12,700 cash. Each year she paid $175 of property taxes. At the

end of 7 years, she sold the lot for a net value of $25,000. What rate of return did she recieve on her investment
Business
1 answer:
german3 years ago
7 0

Answer:

79.5%.

Explanation:

Rate of return = \frac{final value - initial value}{initial value} x 100

The cost of the acre = $12700.

Total property taxes paid for 7 years = $175 x 7

                                                             = $1225

Net value of cost = $12700 + $1225

                             = $13925

Net value of the land when sold = $25000

∴ Rate of return = \frac{25000 - 13925}{13925} x 100

                          = 0.7953 x 100

                          = 79.53%

The rate of return of the acre of land is 79.5%.

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Answer:

d) communicate value

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6 0
3 years ago
Marcus has decided to open an auto detailing business. He will pick up an automobile from the​ client, take it to his​ parents'
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A sole proprietor

Explanation:

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7 0
3 years ago
True or False: Increasing the number of stocks in a portfolio reduces market risk.Consider two stock portfolios. Portfolio B con
nikitadnepr [17]

Answer:

The correct answer is False.

Explanation:

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7 0
3 years ago
Last year, The Pizza Joint added $6,230 to retained earnings from sales of $104,650. The company had costs of $87,300, dividends
Dmitrij [34]

Answer:

$2,503 = Depreciation Expense

Explanation:

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Interest = $1,620

Earnings before depreciation and taxes = $104,650 - $87,300 - $1,620 =  $15,730

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Therefore

(15,730 - Depreciation) - (15,730 - Depreciation) \times 34% = $8,730

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7 0
3 years ago
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avanturin [10]

Answer:

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I hope this helps but i got it right on edgeunity

5 0
3 years ago
Read 2 more answers
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