If a product is targeted to a risk-seeking individual who is college educated,
1 answer:
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Answer:
the annual rate of return on the painting was -13.17%
Explanation:
we will construct the equation for future value at the annual rate of return at which a principal of 1,680,000 return 1,100,000 in three years:
Principal 1,680,000
time 3 years
Amount 1,100,000
rate r
r = -0.131650681 = -13.17%
As expected, because the amount after three years is lower than the principa the rate of return is negative
Answer:
ROE = 33.33%
Explanation:
<em><u>return on equity:</u></em>
<em><u>where:</u></em>
Average equity
(140 + 160) / 2 = 150
return on equity : 50 / 150 = 1/3 = 0.3333 = 33.33%
The ROE measures the effectiveness of the managers to generate profit with their current net assets(equity)
This ROE of 33.33% rrepresent that for every dollar of equity the company generates 33 cents of income
Answer:
Explanation:
Journalize the transactions. Refer to the Chart of Accounts for exact wording of account titles. Assume a 360-day year.
The solution to the above has been attached.
b. Journalize the adjusting entry for each of the following accrued expenses at the end of the current year (refer to the Chart of Accounts for exact wording of account titles):
The solution to the question has been attached.
It should be noted that:
March 11: Interest Expense was calculated as:
= ($240,000 × 30/360 × 4%)
= $240,000 × 0.0833 × 0.04
= 800
Check the attached file
