Phillip invested $3,000 in a business at the beginning of the year. By the end of the

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Phillip invested $3,000 in a business at the beginning of the year. By the end of the year, the value of this investment had risen to $4,100. Near year-end, the business sent Phillip a check for $2,000. Describe the difference between a return on investment and a return of investment. What portion of the $2,000 is return on investment and what portion is return of investment?

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Financial Accounting Information For Decisions

ISBN: 978-0324672701

6th Edition

Authors: Robert w Ingram, Thomas L Albright

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