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Elis [28]
3 years ago
13

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an

auction house sold a statute at auction for a price of $10,710,500. Unfortunately for the previous owner, he had purchased it in 2010 at a price of $12,738,500. What was his annual rate of return on this sculpture
Business
1 answer:
xenn [34]3 years ago
3 0

Answer:

-3.41%

Explanation:

The computation of the annual rate of return is shown below;

We use the formula:

Future value = Present value × (1 + rate of interest)^number of years  

$10,710,500 = $12,738,500 × (1 + rate of interest)^5

($10,710,500 ÷ $12,738,500)^(1 ÷ 5) = (1 + rate of interest)

(1 + rate of interest) = 0.965913622

r = (0.965913622 - 1) × 100

= -3.41%

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Production used 2.5 labor hours per finished unit, and the company actually paid $21 per hour, totaling $52.50 per unit of finis
jeka94

Answer:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual hours

Explanation:

Giving the following information:

The production used 2.5 labor hours per finished unit, and the company paid $21 per hour, totaling $52.50 per unit of finished product.

<u>We weren't provided with enough information to solve the problem. We need estimated production hours and rates. But, I can leave the formula to solve it.</u>

To calculate direct labor rate variance, we need to use the following formula:

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Hours

3 0
3 years ago
Jackie is an advertiser who wants to reach people by using both remarketing and Shopping ads. What’s the best targeting strategy
Alexus [3.1K]

Answer:

The correct answer is "create separate remarketing and shopping campaigns"

Explanation:

Jackie can use remarketing in a shopping campaign. However, it’s an excellent option, separate the campaigns with different natures (Like this case). Probably, Segregation is adequate to manage perfectly the campaign

5 0
3 years ago
When should a coder assign placeholder x for a code in ICD-10-CM
GalinKa [24]

The putting of the “x” in addition to the code set (CM or PCS) involved determines what it designates in each condition, but this can be unclear for those learning the system. Undoubtedly, learning a new code set will show a test to coders, and consuming multiple meanings for a letter makes it even tougher.

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3 years ago
Is wearing glasses all the time bad?
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4 years ago
If an economy is operating on its production possibilities curve for consumer goods and capital goods, this means that: a. it is
DIA [1.3K]

Answer:

d. more consumer goods can only be produced at the cost of fewer capital goods.

Explanation:

The production possibility curve is a curve that shows the two combinations of goods and services produced in an economy when its resocurces are fully employed.

To increase the production of one good, more quantity of the other good has to be given up.

The opportunity cost of production increases as more quantity of one good is produced.

In this question, to produce more consumer goods, fewer capital goods would be produced.

I hope my answer helps you

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4 years ago
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