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Alisiya [41]
2 years ago
14

Maybepay Life Insurance Co. is selling a perpetual contract that pays $4,990/year. The contract currently sells for $143,012. Wh

at is the rate of return on this investment
Business
1 answer:
Pie2 years ago
4 0

Answer:

3.49%

Explanation:

Calculation to determine the rate of return on this investment

Using this formula

Rate of return=Monthly payment/Current value*100

Let plug in the formula

Rate of return = $4,990/$143,012 *100

Rate of return= 3.49%

Therefore the the rate of return on this investment is 3.49%

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Dr. Ricci gave two examples of excellence in guest service from which organizations?
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The government and the authority’s
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Vijay Inc. purchased a three-acre tract of land for a building site for $350,000. On the land was a building with an appraised v
alexandr402 [8]

Answer: b) $364,090

Explanation:

The Capitalized cost of the land would be the costs incurred to acquire the land and to set it up.

Capitalized cost = Purchase price + demolition of old building + title insurance + attorney fees + property taxes(for period since purchase) - scrap value

= 350,000 + 11,700 + 810 + 540 + (3,000 - 350) - 1,610

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3 0
2 years ago
While Sally is still a minor, she wrecks the car she purchased from Bally. Can she still disaffirm the contract? Must she return
patriot [66]

Answer:

If Sally is still a minor, she can disaffirm the contract and return the car to Bally. Contracts involving minors are not legally binding unless the minor reaffirms them once he/she is an adult or a parent also signs the contract.

In this case, Sally's contract is voidable by her and if she chooses to, she is able to void it. What happens after she returns the car depends on the state. Some state laws force Bally to return the money even if the car is wrecked. Other states have laws that require minors to return goods in good shape, and in this case, would allow Bally to deduct any repair expenses from the money he needs to return to Sally.

6 0
3 years ago
Rhonda is a procurement officer for the government and needs to hire a new plumbing company that she could pay a fixed price per
ella [17]

Answer:

comparative cost pricing

Explanation:

In comparative cost pricing strategy different prices charged by different seller is presented to buyer. The buyer has freedom to choose any price option based on comparative analysis of price.  

In the question given above plumbing firms have given their prices to Rhonda and she chose lowest price which can be explained by comparative cost pricing.

8 0
3 years ago
What type of scale is the following? Indicate your degree of agreement with the following statement: "Marketing is an interestin
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Answer:

Likert Scale

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A Likert Scale is a scale used in research.

During a survey research, it is used to collect answers about a set of things. Those who answer questionnaires that have a Likert Scale can express their level of agreement or disagreement on a symmetric agreement/disagree scale for a serious of items.

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