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Keith_Richards [23]
3 years ago
9

When your father was born 48 years ago, his grandparents deposited $250 in an account for him. Today, that account is worth $36,

500. What was the annual rate of return on this account
Business
1 answer:
ki77a [65]3 years ago
6 0

Answer:

10.94%

Explanation:

Your father was born 48 years ago

His grandfather deposited $250 in an account for him

Today the money is worth $36,500

The annual rate of his return can be calculated as follows

= 36500/250 ×1/48= (1+r/100)

= 146^0.020833= (1+r/100)

= 1.1094-1

= 0.10940×100

= 10.94%

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Answer: 12.88%

Explanation:

The following information can.be inferred from the question:

Purchase price of share = $36.48

Dividend = $1.62

Selling price = $41.18

Capital gain = $41.18 - $36.48 = $4.70

Capital gain yield:

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= (4.70 / 36.48) × 100

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3 years ago
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At the beginning of the year, Plummer's Sports Center bought three used fitness machines from Brunswick Corporation. The machine
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Answer:

(i) $14,000

(ii) $32,000

(iii) $10,000

Explanation:

Cost of the machine that is recorded in the books of accounts is the total cost incurred to make the machine useful and useable.

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Therefore,

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Cost of Machine B = 30,000 + 1,000 + 1,000

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Cost of Machine C = 8000 + 500 + 1500

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What makes your marketing more potent, allowing you to run an ad three times instead of nine, to get the same effect?
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Answer: $252

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The GDP contribution here therefore will be the value of the meals created;

= 50 * 5.04

= $252

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