Business

9 July, 19:31

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an auction house sold a statute at auction for a price of $10,332,500. Unfortunately for the previous owner, he had purchased it in 2008 at a price of $12,585,000. What was his annual rate of return on this sculpture

+3

Answers (1)

Know the Answer?

Not Sure About the Answer?

Find an answer to your question 👍 “Although appealing to more refined tastes, art as a collectible has not always performed so profitably. Assume that in 2015, an auction ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.

Search for Other Answers

You Might be Interested in

Jesse company adjusts its accounts monthly and closes its accounts on december 31. on october 31, 2015, jesse company signed a note payable and borrowed $150,000 from a bank for a period of six months at an annual interest rate of 6 percent. a.

Allowance for Doubtful Accounts has a debit balance of $2,300 at the end of the year (before adjustment). The company prepares an analysis of customers' accounts and estimates the amount of uncollectible accounts to be $31,900.

You're creating a presentation for your company's executive team outlining the importance of data quality. What's one key factor in determining data quality that you might include? A. Time B. Territory distribution C. Number of duplicate records D.

What item is not part of a college application

Charlie's regular tax liability is $43,695. His tentative minimum tax is $58,304. He doesn't have any tax credits. What is the amount of Charlie's alternative minimum tax (AMT) and how much will he actually pay in tax for the current year?

New Questions in Business

The Book Division of Tandem books manufactures and sells paper back books for $9.60 per book. Its unit variable costs and unit fixed costs are $0.24 and $0.09, respectively. The Sunset Division wants to purchase 50,000 special edition hardback books.

When closing entries are made: Multiple Choice: a) All asset accounts are closed but liability accounts are not closed. b) All permanent accounts are closed but temporary accounts are not closed. c) All balance sheet accounts are closed.

Which of the following are likely to participate in an organization's buying center? The purchasing manager Consumers who frequently make large purchases A seller An employee from another functional area

One characteristic of good business writing is that it:

China produces many products at the lowest cost possible, even though Chinese consumers do not desire many of these products (e. g., football helmets).