answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
stepan [7]
2 years ago
13

According to the Census Bureau, in October 2016, the average house price in the United States was $354,900. In October 2000, the

average price was $215,100. What was the annual increase in the price of the average house sold? (Do not round intermediate calculations)
Business
1 answer:
Mars2501 [29]2 years ago
4 0

Answer:

3.18%

Explanation:

Calculation for the annual increase in the price of the average house sold

We are suppose to use this formula FV = PV (1+r)^t but since we are looking for R the formula to use will be:

R = (FV / PV)^1/16– 1

Let note that 2016-2000 will give us 16 years

Where,

FV=$354,900

PV=$215,100

Let plug in the formula

R= ( $354,900/$215,100 )^1/8)16– 1

R=(1.6499)^1/16-1

R=1.0318-1

R=0.0318×100

R=3.18%

Therefore the annual increase in the price of the average house sold will be 3.18%

You might be interested in
When shopping for a smartphone, a consumer first compares prices to see which brand offers the lowest price. After also inspecti
kramer

Answer:

Top-of-the-mind awareness

Explanation:

Many customers select products and commodities on the basis of brand loyalty and many select brands which offer the lowest rates. A concept where consumer selects a brand on the basis of best features and software’s is a general concept that is called the top of the mind awareness, which states that every customer wants to buy a commodity that is best in every aspect. It is estimated by asking customers by using surveys about the brands that first rings a bell in a specific class.

8 0
2 years ago
Read 2 more answers
Ethan's job as an accounting assistant was recently modified to include reconciling bank accounts and making deposits, two tasks
jek_recluse [69]

Answer:

The correct option is C,job enrichment

Explanation:

Job enlargement refers adding additional tasks to an employee's job description and it is done for different reasons. The chief possible motive for job enlargement could be prepare the employee for a higher role.

Satisficing on the job involves ensuring one is able to attend to tasks one is saddled with in order to achieve a balance between different stakeholders' expectations instead of prioritizing one's stakeholder's need over another.

Job enrichment is a way of encouraging employees to give out their best output by assigning to them jobs previously reserved for more senior employees

Job design implies making decision on a job description by considering tasks that could be combined and performed by a single employee

Job development is about appraising an employee with a view to discovering his growth needs on the job and make adequate arrangement in terms of training to enable the employee to bridge the skills gap

The bone contention here is between options A and C,but C is preferred since the additional tasks are tasks previously meant for one's managers.

7 0
2 years ago
Ben and Miranda recently sold some land they owned for $150,000. They received the land and a check equal to the amount of the t
natima [27]
D is the correct answer
7 0
1 year ago
Larkan & Tokodo is a financial institution that sells shares to investors. The funds resulting from the investments are pool
Shtirlitz [24]

Answer:

mutual fund

Explanation:

A mutual fund is an investment vehicle that collects money from investors (usually small investors)  and invests that money in purchasing and selling securities, e.g. bonds, stocks, etc. They are managed by a fund manager (usually not a person, but a company, in this case Larkan & Tokodo) that decides where to invest the funds. The value of a mutual fund is determined by the price of its shares that basically includes a fraction of the investment pool.

3 0
2 years ago
Read 2 more answers
If a cable news channel decides to report on a senator's financial indiscretions rather than report on a piece of congressional
bagirrra123 [75]

Answer:

e. Agenda Setting

Explanation:

Agenda setting refers to a practice adopted by news channels to place higher emphasis on a news, and making it appear important by consistently and repetitively covering such news.

Such a practice influences an individual's thoughts not with what he/she thinks, but what he/she should think about and consider important.

Through such a practice, the news channels underline the extent to which an issue is important i.e assign significance and importance to an issue by affecting the perceptive mindset of the viewer.

So if a political issue gets covered and getting telecast too frequently, it affects the viewers interpretation regarding the sensitivity or significance of the issue.

Many a times, through agenda setting, the media indirectly feeds it's own biased views in the thought process of the viewers. So rather than making the viewer think on his own and assign weight-age, the media itself assigns importance to an issue.

In the given case, the cable news channel preferred the topic of senator's financial indiscretion over a congressional legislation which wasn't passed. So the channel emphasized upon one issue which as per it was more important than the other and thus follows agenda setting.

6 0
2 years ago
Other questions:
  • Deydey620
    5·2 answers
  • Which of the following is a microeconomic topic?
    10·1 answer
  • The City of San Jose built a new city hall and financed construction by issuing bonds due in installments over the next 30 years
    6·1 answer
  • Campbell Inc. produces and sells outdoor equipment. On July 1, 20Y1, Campbell issued $30,000,000 of 10-year, 10% bonds at a mark
    9·1 answer
  • Henkes Corporation bases its predetermined overhead rate on the estimated labor-hours for the upcoming year. At the beginning of
    6·1 answer
  • The closing in a persuasive request asks for a specific action. It also shows courtesy, respect, and gratitude. Which closing is
    11·1 answer
  • Exercise 5-17 (Algorithmic) (LO. 4, 8) Rover Corporation would like to transfer excess cash to its sole shareholder, Aleshia, wh
    8·1 answer
  • Santa Corporation issued a bond on January 1 of this year with a face value of $1,000. The bond's coupon rate is 6 percent and i
    12·1 answer
  • Which statement best summarizes the role of households in the flow of
    7·2 answers
  • Isaiah is a Financial Quantitative Analyst for a major stock investment company. What does Isaiah do on a daily basis as a part
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!