London purchased a piece of real estate last year for $82,800. The real estateis now worth $101,100.

Fantastic news! We've Found the answer you've been seeking!

Question:

London purchased a piece of real estate last year for $82,800. The real estateis now worth $101,100. If London needs to have a total return of0.23 during the year, then what is the dollar amount of income that she needed tohave to reach her objective? Round to two decimal places.

Posted Date: May 19, 2024 02:01 AM

See More Questions

Dickletton Attorneys' policy is to bank all receipts in its Trust bank account and at the end of each month the bookkeeper transfers the relevant funds due to Dickletton Attorneys from the trust to...
Mancuso Corporation amended its pension plan on January 1, 2010, and granted $160,000 of prior service costs to its employees. The employees are expected to provide 2,000 service years in the future,...
If a team approaches problems in a rational and analytical way, with members trying to solve them in step-by-step fashion, it is well described as a team using ____________. (a) systematic thinking...
Prior to the beginning of an accounting year, a company estimates the annual cost of vacation pay, bonuses, and incentive awards for its employees. It then uses its estimates to assign these costs to...
The Biometrix Corporation has been in operation for one full year (2010). Financial statements follow. Biometrixs management is interested in determining the value of the venture as of the end of...
The velocity v(t) in the table below is increasing for 0
In the process of developing a consumer-influence strategy, all of the following should be completed before determining the objectives and budget EXCEPT which one? Select one: A. researching the...
Explain the reasoning, including the advantages for using a common currency in West Africa? It may be helpful to consider the Eurozone or other African common currencies as a comparative region with...
Technometrics, Inc., a large producer of electronic components, is having some problems with the manufacturing process for a particular component. The profit contribution of this component is $40 per...
(b) Consider the arithmetic sequence (an) n1 Find r, a, and a10- such that a2 = 7 and as 13.
Shirley participates in a health savings account and withdrew $ 1 0 , 0 0 0 from the account this year to pay for $ 8 , 0 0 0 in qualified medical expenses. What tax penalty will she incur, if any,...
Abigail is a beneficiary of a Reverse Q-Tip Marital Trust established under her late husband's Will, valued at $3.5 million. Abigail also has property in her name alone worth $12 million. During her...
Do students who study in groups have a higher average exam score compared to students who study alone? This question allows you to investigate the potential difference in means between two...
The following exercises are not grouped by type. Solve each equation. x610x -9
If the market rate had been 10% at the time of issuance, a. the bonds would have been issued at a premium. b. the bonds would have been issued at a discount. c. the bonds would have been issued at...
The excess of the issue price over the face value of the bond is referred to as a. a discount. b. a premium. c. accrued interest. d. prepaid interest.
What does a gain on redemption of bonds indicate? a. The carrying value of the bond was larger than the redemption price. b. The carrying value of the bond was less than the redemption price. c. The...

London purchased a piece of real estate last year for $82,800. The real estateis now worth $101,100.

Question:

Expert Answer:

Students also viewed these finance questions