What was the rate of return on the investment
An investment of $600,000 increased to $1,000,000 over a 5-year period. What was the rate of return on the investment?
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What amount would MSI report as cash and cash equivalents in the current asset section of the December 31, 2013, balance sheet? (Round your answer to 2 decimal places.)
Determine how much money would be in a savings account that started with a deposit of $2000 in year 1 with each succeeding amount increasing by 10% per year. Use an interest rate of 15% per year and a 7-year period.
The sales manager believes that a reduction in the sales price to 2,700 p will result in orders for 1,200 more components each year. What will the break-even point be if the price is changed? (Round your final answer to nearest whole number.)
Danson Iron Works, Inc., manufactures angular contact ball bearings for pumps that operate in harsh environments. If the company invested $2.4 million in a process that resulted in profits of $760,000 per year for 5 yearsL.
How long would it take from the date of the initial investment for its share of the chip company to be worth $3 million if that company is growing at a rate of 20% per year?
Assume that the new plant is constructed and that next year the company manufactures and sells 44,000 skateboards (the same number as sold last year).
Prepare a contribution income statement if the hotel's volume of activity increases by 25 percent, and fixed expenses increase by 50 percent.
DigDug Corporation had outstanding checks totaling $5,400 on its June bank reconciliation. In July, DigDug issued checks totaling $38,900.
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