Rani bought a rental property for $100,000 with no borrowed funds. Later, she sold the building for
Question:
Rani bought a rental property for $100,000 with no borrowed funds. Later, she sold the building for $120,000. What was her return on investment?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (11 reviews)
Selling Price Purchase Pri...View the full answer
Answered By
Milan Mondal
I am milan mondal have done my Msc in physics (special astrophysics and relativity) from the University of burdwan and Bed in physical science from the same University.
From 2018 I am working as pgt physics teacher in kendriya vidyalaya no2 kharagpur ,west bengal. And also I am doing advanced physics expert in chegg.com .also I teach Bsc physics .
I love to teach physics and acience.
If you give me a chance I will give my best to you.
5.00+
4+ Reviews
10+ Question Solved
Related Book For
Personal Finance
ISBN: 978-0077861643
11th edition
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
Question Posted:
Students also viewed these Corporate Finance questions
-
Dave bought a rental property for $200,000 cash. One year later, he sold it for $240,000. What was the return on his $200,000 investment?
-
Watson Properties bought a rental property valued at $50 000 by paying 20% down and mortgaging the balance over 25 years through equal payments at the end of each quarter with interest at 10%...
-
Multiple Choice Questions 1. Glenn and Mary's house was damaged by a hurricane in 2016. The fair value of their home before the hurricane was $150,000. After the hurricane, the fair value of their...
-
An arm ABC lying in a horizontal plane and supported at A (see figure) is made of two identical solid steel bars AB and BC welded together at a right angle. Each bar is 20 in. long. Knowing that the...
-
Draw a compound that: (a) Has only primary and tertiary carbons (b) Has no secondary or tertiary carbons (c) Has four secondary carbons
-
Design a perfect reconstruction filter bank using the cosine-modulated filter bank with 10 sub-bands with at least \(40 \mathrm{~dB}\) of stopband attenuation and \(0.5 \mathrm{~dB}\) of passband...
-
Differentiate between load and effort.
-
Mill Creek Golf Club purchased equipment on January 1, 2016, for $31,500. Suppose Mill Creek Golf Club sold the equipment for $22,000 on December 31, 2018. Accumulated Depreciation as of December 31,...
-
Assume Major Link Inc. purchased a new piece of equipment on January 1, 2020, that cost $25,000. The estimated useful life is five years, and estimated residual value is $2,500. If Major Link uses...
-
Howie Jones used the following information to calculate the profit coefficients for Aqua-Spas and Hydro-Luxes: pumps cost $225 each, labor costs $12 per hour, tubing costs $2 per foot. In addition to...
-
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?
-
Suppose Shaan invested just $10,000 of his own money and had a $90,000 mortgage with an interest rate of 8.5 percent. After three years he sold the property for $120,000. a. What is his gross profit?...
-
Freeman, Inc., reported the following financial statements for the last two years. Construct the cash flow identity for the company. Explain what each number means. 2010 INCOME STATEMENT Sales Cost...
-
What should a firms goal be regarding the cash conversion cycle, holding other things constant? Explain your answer.
-
Describe the steps required to apply the compressed APV approach.
-
Cash flows, rather than accounting profits, are used in project analysis. What is the basis for this emphasis on cash flows as opposed to net income?
-
What are some advantages and disadvantages of short-term versus long-term debt?
-
Why is cash management important?
-
Comment critically on the following statements that you have overheard: (a) The balanced scorecard is another name for the statement of financial position. (b) The financial area of the balanced...
-
In muscle tissue, the ratio of phosphorylase a to phosphorylase b determines the rate of conversion of glycogen to glucose 1phosphate. Classify how each event affects the rate of glycogen breakdown...
-
(a) What classification of common stock would you recommend to Ji? Why? (b) Calculate the P/E ratio and the dividend payout ratio for this stock. Given this information and your recommendation, would...
-
1. Explain how net asset value is calculated and how it is used by mutual funds. 2. List five advantages of investing in mutual funds. 3. Name five services that are unique to mutual funds.
-
1. What are the three basic types of mutual fund objectives? 2. Distinguish among mutual funds with an income objective, growth objective, and growth and income objective. 3. Explain why investors...
-
Solve by factoring. 10x-11x-6=0
-
A diner serves a stack of potato slices that is 2 . 8 centimeters tall. The thickness of a potato slice is 0 . 3 5 centimeters. How many potato slices are in the stack?
-
San Francisco is approximately 1 0 , 0 0 0 km from Tokyo. The Japan Trench is gobbling up crust at the rate of 3 cm a year. How many years will it take until San Francisco collides with Tokyo?
Study smarter with the SolutionInn App