You had invested $45000 in cash for purchasing a house at a price of $245000. The current

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

Question:

You had invested $45000 in cash for purchasing a house at a price of $245000. The current value of the house (after one year) is $275000.

a. Calculate the % change in the house price.

b. Calculate the return on investment to you as the owner of the house.

Related Book For answer-question

Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

See More Books

Posted Date: Jan 06, 2023 01:59 AM

See More Questions

Calculate UTX's return on invested capital (ROIC) for each year 2010-2012.
Calculate Computrons return on invested capital. Computron has a 10% cost of capital (WACC). Do you think Computrons growth added value? Donna Jamison, a graduate of The University of Tennessee with...
Calculate the firms free cash flow, return on invested capital, EPS, DPS, ROE, and any other ratios you think would be useful in considering the situation.
A clinical study is established to determine if the results of a screening stress test can be used as a predictor of the presence of heart disease. The study enrolls 100 participants who undergo a...
Grant Wood Corporations balance sheet at the end of 2013 included the following items. The following information is available for 2014. 1. Net income was $55,000. 2. Equipment (cost $20,000 and...
A manufacturer estimates that the marginal cost of producing q units of a certain commodity is C'(q) = 3q 2 24q + 48 dollars per unit. If the cost of producing 10 units is $5,000, what is the cost...
A toroid carries a current $I$ and has $n$ circular windings per unit length measured along the inside edge of the windings. The radius of each circular winding is $R_{\text {winding }}$, and...
Riegel Company uses the lower-of-cost-or-market method, on an individual-item basis, in pricing its inventory items. The inventory at December 31, 2013, consists of products D, E, F, G, H, and I....
why is there an OSI and TCP / IP model?
1. The model should list the given financial information for all potential projects. 2. The model should associate with each proposed project a cell that is 1 if the project is approved and 0 if it...
In a 7-10 pg legal memo that discusses the murder in the first degree charge, any defense that might exist and if you believe there is a lesser charge that might be a point of negotiation for a plea...
(a) Leases are classified on the basis of substance over form. What does this criterion mean and how does it relate to finance leases? (b) What are minimum lease payments? (c) What is meant by the...
Since the beginning of this century, there has been a significant increase in the price of corn-based ethanol. a. A key input in the production of corn-based ethanol is corn. Use an appropriate...
Consider the benefits and limitations of technical standards such as ISO and EFQM in a rapidly evolving digital business environment.
(a) Explain the term identifiable, and list assets that would be excluded from intangible assets as a result of this criterion included in the definition of an intangible asset. (b) What is an active...
Under what circumstances may consent be refused for the artificial administration of nutrition and hydration?
What causes a cloud of hydrogen gas to collapse under its own gravity?
What are the risks and liability factors in an audit? What are the implications to the auditor? What are the implications to the organization? How can the auditor mitigate these risks and liability...
BSO, Inc., has assets of $ 600,000 and liabilities of $ 450,000, resulting in a debt-to-assets ratio of 0.75. For each of the following transactions, determine whether the debt-to-assets ratio will...
Define cash and cash equivalents and indicate the types of items that should be reported as cash and cash equivalents.
What are the relative advantages of equity versus debt financing?
When would you prefer to use busy-wait I/O over interrupt-driven I/O?
Draw UML diagrams for the read of one character from an 8251 UART. To read the character from the UART, the device needs to read from the data register and to set the serial port status register bit...
Draw a UML state diagram for software processing of a vectored interrupt. The vector handling is performed by software (a generic driver) that executes as the result of an interrupt. Assume that the...

You had invested $45000 in cash for purchasing a house at a price of $245000. The current

Question:

Expert Answer:

a To calculate the change in the house price we can use the ... View the full answer

Fundamentals of Financial Accounting

Students also viewed these finance questions