Dave bought a rental property for $200,000 cash. One year later, he sold it for $240,000. Suppose Dave invested only $20,000 of his own money and borrowed $180,000 interest-free from his rich father. What was his return on investment

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Answer 1

Assuming he invested only $20,000 of his own money and borrowed $180,000. His return on investment is: 200% .

Return on investment

Using this formula

Return on investment = Profit / Initial investment

Return on investment= ( Selling price − Purchase price) / Investment

Let plug in the formula

Return on investment= ($240,000 − $200,000) / $20,000 × 100

Return on investment=200%

Therefore his return on investment is: 200% .

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Related Questions

If the Pomegranate and the iZac cost $4,000 each, how many of each should the school buy to keep the cost as low as possible

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Answer:

10987654321

Explanation:

12345678910

The cost of assets consumed or services used is also known as:.

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Answer:

It is called expense. that is the correct answer. Give me Brainiliest.

________ models assist top-level managers in long-range planning, such as stating company objectives or planning plant locations.

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Strategic models assist top-level managers in long-range planning, such as stating company objectives or planning plant locations.

Strategic models

Strategic planning tools, or models, are designed to help organizations develop their action plan to achieve their goals. It is also referred to as how an organization takes its strategy and creates a plan to implement it to improve operations and better meet their goals.

Therefore, the models that assists top-level managers in planning is known as Strategic models.

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Products in the Blank______ stage of the product life cycle tend to consume a disproportionate share of management and financial resources relative to their future worth.

Answers

Answer:decline

Explanation:

products in the DECLINE stage of the product lifestyle tend to consume

Maude enters into a contract with Dr. Hibbert to provide surface materials for Dr. Hibbert's tennis courts by April 1 for a tournament to begin May 1. The contract specifies an amount to be paid if the contract is breached. This is a liquidated damages clause if the amount is:

Answers

Answer:

okay the amount is high just know that

Which email message has a negative tone? (NEEDED SOON!!)

a. “We will see you next week.”

b. “How was your birthday?”

c. “There’s nothing we can do about it.”

d. “I hope you are feeling better soon.”

Answers

The answer is C
“There’s nothing we can do about it”

A,B and D have a positive tone.
But C sounds kinda mean

Assume the following for a company whose sales are all on account: The total asset turnover is 1.8. The average total assets is $600,000. The accounts receivable turnover is 9.00. The average accounts receivable balance is closest to:

Answers

The average accounts receivable balance is closest to $120,000.

What is the average accounts receivable balance?

The average accounts receivable balance is the addition of beginning and ending accounts receivable divided by two.

For instance, if the average accounts receivable balance is $120,000, then the total accounts receivable is $240,000 ($120,000 x 2).

Data and Calculations:

Assets turnover = 1.8

= (Net sales/Average Total Assets)

Average total assets = $600,000

Accounts receivable turnover = 9.00

= (Net Sales/Average Accounts Receivable)

Net sales = $1,080,000 ($600,000 x 1.8)

Average Accounts Receivable = $120,000 ($1,080,000/9)

Thus, the average accounts receivable balance is closest to $120,000.

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An advantage of an enterprise resource planning (ERP) system is that to implement it, an organization need not attempt to do everything at once. Group of answer choices True False

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Enterprise Resource Planning systems allow an organization to avoid having to do everything at once so this is TRUE.

What does an ERP system do?

It enables an organization to plan out its activities so that the organization can become more successful.

ERP takes into account, the constraints and resources of a company and for this reason, will not require that all plans are executed at once but sequentially.

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Drag each label to the correct category. the fictional country of kovasia decides to open its market to foreign businesses. what positive and negative effects will kovasia likely experience? the volume of exports will increase. people may lose jobs to outsourcing. goods and services may become less expensive. domestic products may become less popular.

Answers

The positive effect of market opening is that goods and services would be cheaper (option C), while the negative effect is that local products are consumed less (option D).

What is market opening?

Market opening is a term that refers to the action of a state to open its economy so that foreign companies send their products to that country.

The opening of the market is an economic activity that brings benefits and harm to the economy of a country because it diversifies the products that are on the market for citizens.

However, it has negative effects such as local products sometimes being the most expensive or losing popularity compared to imported ones, so people consume less of them.

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Answer:

Post Test: The Contemporary World

Explanation:

Positives:

The volume of exports will increase.

Goods and services may become less expensive.

Negatives:

People may lose jobs to outsourcing

Domestic products may become less popular.

On a personal income statement, ____ and ____ are the normal designations for profit and loss for an individual.

Answers

On a personal income statement, cash surplus and cash deficit are the normal designations for profit and loss for an individual.

What is personal income statement?

Personal income statement  can be defined as the statement that shows  or summarize your expenditure and revenue  over a particular period of time.

Personal income statement is important as enables a company to know their cash surplus as well as cash deficit .

Therefore on a personal income statement, cash surplus and cash deficit are the normal designations for profit and loss for an individual.

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Your business pays $1,200 per year for insurance, but the insurance company has offered a 15% discount if you complete an online safety class. How much will your new annual insurance cost be if you complete the online safety course

Answers

Answer:

$1,020

Explanation:

15% of 1200 = 180

1200-180= 1020

9. While parked on the street overnight, the passenger window in Sam's car was
smashed by someone trying to break in. Which type of auto insurance
coverage will help cover the cost to get the window replaced?
Liability

Answers

Liability insurance coverage will help cover the cost to get the window replaced in this case.

What is Insurance?

This is defined as a means of protection from financial loss and include auto and health insurance etc.

Liability insurance will pay for property damage or injuries to another person caused when the individual is at fault. In this case, parking on the street makes the individual to be liable.

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Which buyer type has an open mind and tends to take chances on new products without hesitation?
a. ready buyer
b. logical buyer
c. stubborn buyer
d. emotional buyer

Answers

Answer:

A

Explanation:


Which of the following is a risk involved in both sales and leases?
OA. Loss due to damaged property
B. Disputed ownership
OC. A greater residual value than the actual market value of the
property
OD. Being forced by the owner to cease use of the property

Answers

Loss due to damaged property is the risk involved in both sales and leases. Thus, Option A is the correct statement.

What is the difference between a Sale and a Lease?

The primary distinction between sale and lease is that a sale occurs when the owner of a property gives up ownership in exchange for money.

A lease, on the other hand, is when the owner of specific property rents out the property for a set period of time.

Thus, Option A. Loss due to damaged property is the correct statement.

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Answer:

A. Loss due to damaged property

Explanation:

In both sales and leases the buyer runs the risk of having a loss due to damaged property whether it occur while transferring or before/after the property was bought. Usually title insurances and other insurance is bought to fight against the risk that may occur.

A ________ state is one with unstable leadership, whose policies are driven by ideology rather than by economic or human costs and benefits.

Answers

A rogue state is one that has unstable leadership and the policies are driven by ideologies instead of economic costs or benefits.

What is a state?

A state is a territory that belongs to one country. It is having its own government which runs that particular state or province.

A rogue state is a kind of state which is responsible for shattering and disrupting global laws and is also considered a danger to other countries or nations in the whole world. North Korea, Libya, Iran, Iraq, and Cuba are labeled as rogue states. These states are not driven by an economy and are actually driven by the ideologies developed by their presidents.

Therefore, the state is driven by ideologies instead of an economy that is considered to be a rogue state.

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According to classical economists, a. both V and Q are variable for an economy in short-run equilibrium. b. prices are rigid. c. changes in M cause changes in V. d. the velocity of money is constant.

Answers

The average price of goods and services equals the contribution of money to the economy. Velocity and quantity are constant in the short run. So, a change in money supply leads to changes in price

What is Quantity Theory of Money?

Monetary economics is a branch of economics that studies different perspectives on money. One of the main research areas of this economic sector is quantity theory of money (QTM).

The quantity theory of money was developed by Irving Fisher

According to the quantity theory of money :

Money supply x velocity = price x quantity

Velocity and quantity are constant in the short run. So, a change in money supply leads to changes in price

Thus,According to classical economists,  the velocity of money is constant. Option D is correct statement.

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The net income for Mongan Co. for 2022 was $280,000. For 2022, depreciation on plant assets was $70,000, and the company incurred a loss on disposal of plant assets of $28,000. Compute net cash provided by operating activities under the indirect method, assuming there were no other changes in the company's accounts.

Answers

The amount of net cash is $3,78,000, and the cash flow statement is shown in the image given below.

What is cashflow statement?

A cash flow statement is also known as a statement of cash flows. It is a financial statement in financial accounting that demonstrates how changes in balance sheet accounts and income effect cash and cash equivalents, and divides the analysis into operating, investing, and financing activities.

Therefore, the cashflow statement of the given information is presented in the image below.

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What is the market value of one share of Beaver Business Inc. stock if the company just paid an annual dividend of $6.16, the dividends will increase by 3.6 percent annually, and you require a return of 7.7 percent

Answers

Based on the dividends, the growth rate, and the return required, the price for Beaver Business's stock is $155.65

What is the market price of Beaver Business's stock?

This can be found by the formula:
= (Current dividend x ( 1 + growth)) / (Required return - Growth rate)

Solving gives;

= (6.16 x 1.036) / (7.7% - 3.6%)

= $155.65

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Any type of communication occurring via a technological channel is a form of __________ communication.

Answers

Any type of communication occurring via a technological channel is a form of mediated communication.

What is mediated communication?

mediated communication serves as any situation where a technological medium is used to pass across information via face-to-face interaction.

Therefore, mediated communication includes interpersonal access as well as media-simulated interpersonal communication.

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Which step of an ethical analysis is designed to enable a manager to obtain guidance or insights from other managers

Answers

The act of searching for precedents is one that is designed to enable a manager to obtain guidance or insights from other managers.

What is an ethical analysis?

In a firm, this refers to the systematic approach that helps in figuring out the right moral decision in a particular situation.

The step of an ethical analysis includes:

Getting all the pertinent factsDetermining who is affectedListing and researching optionsMaking a decisionPreparing for the consequences

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Capital ______ is the decision-making process for accepting and rejecting projects.

Answers

Answer:

budgeting

Explanation:

If the approximate market value for of a $1,000 corporate bond is $1,200 and it pays 6 percent interest, then what are comparable bonds paying?

Answers

The comparable bonds pay a 5% interest rate when the approximate market value of a $1,000 corporate bond is $1,200 and it pays 6 percent interest.

What are bonds?

A bond is a type of financial security in which the issuer owes the holder debt and is obligated depending on the terms to repay the principal of the bond as well as interest over a specified period of time.

Given that,

Approximate market value of $1,000 is $1,200

Interest rate is 6%

[tex]\rm\,Annual \; Interest = (face \; value)\times Interest \; rate\\ \rm\,Annual \;Interest = 1,000 \times 6\%\\ \rm\,Annual \;Interest = 60\\\\Calculation of comparable bond interest rate:\\\\Approximate \;bond \;value = \frac{Annual\; interest}{Comparable \;interest\; rate} \\\\1200 =\frac{60}{Comparable\; Interest \;Rate} \\\\Comparable\; Interest\; Rate = 5\%[/tex]

Hence, the comparable bonds pay a 5% interest rate.

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A major source of inefficiency in barter economies is that they require:.

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A major source of inefficiency in barter economies is that they require a. a double coincidence of wants in exchange.

What are the causes of a barter system's inefficiency?

The barter system is 'inefficient' because a 'double coincidence of wants' is required. Bartering between two parties requires that both parties have what the other wants.

There is no standard unit of account/common measure of value.

Therefore, the Barter system is considered an 'inefficient' system.

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Mass media advertising is an example of a _________ strategy.

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Mass media advertising is a typical example of marketing strategy to increase brand awareness of a product.

What is an Advertisement?

Advertisement can be defined or thought of as a compaign orgainised and funded by a firm to tell the public about a new product.

In recent times, firms rely heavily on social media advetisement.

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Wi-Fi, Inc., reported a net income of $50,000 for the current year. The beginning and ending balances for Retained Earnings for the year are $100,000 and $130,000 respectively. How much did Wi-Fi pay as dividends for the year

Answers

The total value of dividends paid to the shareholders of Wi-Fi, Inc. for the year given the change in retained earnings and income is $20,000.

What is the dividend paid?

Dividend is the amount paid to shareholders of a public company out of the net income earned by a company in a particular period.

Dividend paid = net income - change in net income

Change in net income = $130,000 - $100,000 = $30,000

Dividend paid = $50,000 - $30,000 = $20,000

________ is the process by which the consumer surveys the environment for appropriate data to make a reasonable decision. Problem recognition Information search Evaluation of alternatives Product choice

Answers

Information search is the process by which the consumer surveys the environment for appropriate data to make a reasonable decision

What is information search?

It is the process of gathering relevant information as regarding a particular goods and services.

This information helps the consumer to make appropriate decision as regarding a commodity.

Therefore, Information search is the process by which the consumer surveys the environment for appropriate data to make a reasonable decision.

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Which is a profit seeking organization that has both depositors and borrowers and is equally responsible to both

Answers

A  profit seeking organization that has both depositors and borrowers is: Commercial banks.

What is commercial bank?

Commercial bank is a financial institution  that offers various product and  services such as:

Receive or accept deposit Give out loan to borrowersOperate a saving account and checking account etc

Commercial bank perform important function as they offers loan to their customers.

Therefore a profit seeking organization that has both depositors and borrowers is: Commercial banks.

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Technical name for a savings account is

Answers

Answer: Reverse relationship or Repo Rate.

Secret Trails received payment in full within the credit period for horse boarding for $1,300 plus 4% sales tax. Terms of the sale were 3/10, n/30. Which entry is required to record this

Answers

The appropriate journal entry is:Debit Cash $1313; debit Sales Discount $39; credit Accounts Receivable $1352.

Journal entry

Based on the information given the correct entry to record this transaction is:

Debit Cash $1313

{$1300+[($1300×4%)-($1300×3%)]}

[$1300+($52-$39)]

Debit Sales Discount $39

($1300×3%)

Credit Accounts Receivable $1352

[$1300 + ($1300×4%)]

Inconclusion the appropriate journal entry is:Debit Cash $1313; debit Sales Discount $39; credit Accounts Receivable $1352.

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Assume the marginal propensity to save is 0.10. Firms become optimistic and increase investment spending by $10 billion. Other things being equal, real GDP will:

Answers

The real GDP will increase by $20 billion if the MPS equals 0.10 and investment spending increases by $10 billion.

What is MPS?

MPS stands for marginal propensity to save which is determined by deducting the MPC value from 1. This value is used in computing the investment multiplier.

Given values:

MPS = 0.10

Change in investment spending (increase) = $10 billion

Computation of change in real GDP (increase):

[tex]\rm\ Change \rm\ in \rm\ real \rm\ GDP=\rm\ Multiplier\times\ \rm\ Change \rm\ in \rm\ investment \rm\ spending\\\rm\ Change \rm\ in \rm\ real \rm\ GDP=\frac{1}{MPS}\times\ \$10\rm\ billion\\\rm\ Change \rm\ in \rm\ real \rm\ GDP=10\times\ \$10\rm\ billion\\\rm\ Change \rm\ in \rm\ real \rm\ GDP=$20\rm\ billion[/tex]

Therefore, when the investment spending increased by $10 billion with MPS equal to 0.10 then the real GDP will also increase by $20 billion.

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