In 2018, selected automobiles had an average cost of $16,000. The average cost of those same automobiles
Question:
In 2018, selected automobiles had an average cost of $16,000. The average cost of those same automobiles is now $24,000. What was the rate of increase for these automobiles between the two time periods?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (4 reviews)
To calculate the rate of increase for the automobiles between the two t...View the full answer
Answered By
Bree Normandin
Success in writing necessitates a commitment to grammatical excellence, a profound knack to pursue information, and a staunch adherence to deadlines, and the requirements of the individual publication. My background comprises writing research projects, research meta-analyses, literature reviews, white paper reports, multimedia projects, reports for peer-reviewed journals, among others. I work efficiently, with ease and deliver high-quality outputs within the stipulated deadline. I am proficient in APA, MLA, and Harvard referencing styles. I have good taste in writing and reading. I understand that this is a long standing and coupled with excellent research skills, analysis, well-articulated expressions, teamwork, availability all summed up by patience and passion. I put primacy on client satisfaction to gain loyalty, and trust for future projects. As a detail-oriented researcher with extensive experience surpassing eight years crafting high-quality custom written essays and numerous academic publications, I am confident that I could considerably exceed your expectations for the role of a freelance academic writer.
5.00+
7+ Reviews
21+ Question Solved
Related Book For
Personal Finance
ISBN: 9781264101597
14th Edition
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
Question Posted:
Students also viewed these Business questions
-
In 2006, selected new automobiles had an average cost of $16,000. The average cost of those same automobiles is now $28,000. What was the rate of increase for these automobiles between the two time...
-
In the late 1990, selected automobiles had an average cost of $12,000. The average cost of those same motor vehicles 10 years later is $16,000. What was the rate of increase for this item between the...
-
In 2011, selected automobiles had an average cost of $16,000. The average cost of those same automobiles is now $20,000. What was the rate of increase for these automobiles between the two time...
-
a) The sustainable yield (Y) of a fishery is Y = E-0.5E where E denotes fishing effort. If the cost per unit of effort is 0.5 and the price of fish is 1, what is sustainable yield (i) under open...
-
Spidey Corporation commenced operations in early 2008. The corporation incurred $70,000 of costs such as fees to underwriters, legal fees, state fees, and promotional expenditures during its...
-
A particle moves along the x axis according to the equation x = 2.00 + 3.00t - 1.00t 2, where x is in meters and t is in seconds. At t = 3.00 s, find (a) The position of the particle, (b) Its...
-
XCBob, Inc. is an online motorcycle and ATV parts business from the owners home. XCBob entered into oral agreements with the defendant, Ed Tucker Distributers, for purchases of various materials to...
-
On September 1, 2012, Winans Corporation acquired Aumont Enterprises for a cash payment of $700,000. At the time of purchase, Aumonts balance sheet showed assets of $620,000, liabilities of $200,000,...
-
Structured query language (SQL) is divided into two categories: data definition language (DDL) commands and data manipulation language (DML) commands. Data manipulation language (DML) is a set of...
-
1. Name at least three ways that Shu could automate her asset management. Suggest at least one option for retirement savings, general savings, and general convenience. 2. What major factors should...
-
Jamie Lee Jackson, age 23, recently decided to switch from attending college part time to full time in order to pursue her business degree and to graduate within the next three years. She has 55...
-
How much money must you have now to finance four years of college, assuming an annual cost of $48,000 and an interest rate of 6% (applied to the principal until disbursed)?
-
Katie Day Company adopts IAS 19 in accounting for its defined benefit pension plan on January 1, 2010, with the following beginning balances: plan assets $200,000; defined benefit obligation...
-
Functional Strategy at Amazon When Jeff Bezos started Amazon.com back in 1995, the online retailer focused just on selling books. Music and videos were soon added to the mix. Today, people can...
-
Is it accurate to assert that an equality constraint invariably remains non-binding at the point of optimal solution?
-
Integrative: Multiple IRRs: Froogle Enterprises is evaluating an investment project with an unusual stream of cash inflows and outflows shown in the following? table: a.Why is it difficult to...
-
On August 15, you purchased 100 shares of stock in the Cara Cotton Company at $26 a share and a year later you sold it for $20 a share. During the year, you received dividends of $2.80 a share....
-
A loaded ore car has a mass of 950 kg and rolls on rails with negligible friction. It starts from rest and is pulled up a mine shaft by a cable connected to a winch. The shaft is inclined at 28.0...
-
Prepare a product- by- value analysis for the following products, and given the position in its life cycle, identify the issues likely to confront the operations manager and his or her possible...
-
The swap spread is the difference between the swap rate and the equivalent-maturity Treasury bond yield. Explain why a widening swap spread may be a signal of deteriorating economic conditions. Plot...
-
Kyle has $ 1,000 in cash received for high school graduation gifts from various relatives. He wants to invest it in a certificate of deposit (CD) so that he will have a down payment on a car when he...
-
Amy and Vince want to save $ 7,000 so that they can take a trip to Europe in four years. How much must they save each month to have the money they need if they can get 8% on their savings?
-
Lena has just become eligible to participate in her companys retirement plan. Her company does not match contributions, but the plan does average an annual return of 12%. Lena is 40 and plans to work...
-
5. A lozenge initially weighing 2.95 g is dissolved in 85 mL of water. Given the experimental data below, find the best fit value of k and D/h using linear regression for both the spherical and...
-
In a study of different correlations for the cell temperature, Tc in C, for PV installations in deserts, the equation found to be the most accurate is: = T+ a 120+0.739T+G(1-n(T)) 28.6+1.51U where Ta...
-
Morgan Freeman, an 86-year-old widower, lost his wife in 2020 and has remained single since. With no dependents, he currently resides by himself. What would be his standard deduction for the tax year...
Study smarter with the SolutionInn App