Lily is planning to sell her home, which she bought seven years ago for a total of $168,000. The property value has increased by 2. 5% each year for the past seven years. In the meantime, Lily has made improvements and renovations to the home which increase its sale value by $52,000. How much will Lily sell the home for, to the nearest hundred dollars? a. $261,500 b. $249,400 c. $267,000 d. $251,700.

Answers

Answer 1

The amount that Lily will sell the home for, to the nearest hundred dollars is d. $251,700.

First step is to calculate the amount using this formula

A=P(1+r)^n

Let plug in the formula

A=168,000(1+0.025)^7

A=168,000(1.025)^7

A=168,000(1.18869)

A=199,699

Second step is to calculate the how much will Lily sell the home for.

Selling price=$199,699+$52,000

Selling price=$251,699

Selling price=$251,700 (nearest hundred dollars)

Inconclusion the amount that Lily will sell the home for, to the nearest hundred dollars is d. $251,700.

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Related Questions

whats the answer for this

Answers

Answer:

(a) money in hand

this will be the answer I think so

I believe this helps u
Money in hand because national wealth will contain only things which makes our country better than just money , we need only hard work and motivation and kind heart to make things better in our country , see down -
Machines are made - this statement is because of India’s hard work and motivation to make something
Financial assets- they are compared with kind heart by me because giving money to needy people

HELP QUICK PLEASE!!!!! William is not generally a risk-taker, but he knows he may need to step out of his comfort zone to make enough money for retirement. Which investment option would best meet William’s needs?
a US savings bond
a savings account
a commodity
a certificate of deposit

Answers

The answer is a commodity


Employees who work on commission typically work in
education

Answers

Answer:

Is this true or false? What are the options to answer

Explanation:

A sales commission is a sum of money paid to an employee upon completion of a task, usually selling a certain amount of goods or services. Employers sometimes use sales commissions as incentives to increase worker productivity. A commission may be paid in addition to a salary or instead of a salary. The Fair Labor Standards Act (FLSA) does not require the payment of commissions.

On September 1, Sky Mountain Company borrowed $200,000 on a 6%, 9-month note payable to Coast National Bank. Given no previous adjusting entries have been recorded, Sky Mountain's adjusting entry four months later at December 31 would include a:

Answers

Answer:

i dont get the question

Explanation:

What type of business is basically a special type of licensing agreement?
O A. A partnership
B. A corporation
C. A limited liability company
D. A franchise

Answers

The type of business that is a special type of license agreement is a partnership, as there is a legal written agreement between two parties, that grants the right to use trademarks and patents.

A partnership is a business that is shared by two or more entities, where the parties share legal and financial responsibility through a legal agreement.

Partnerships are more effective for businesses operating in the same sector, for the partnership to be more aligned with the business and increase the companies' positioning in the market.

Therefore, in a partnership, the parties involved will specify through a license agreement the distribution of property, profits and losses, responsibilities and their commercial relationship.

The correct alternative is letter A.

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Answer: a franchise

Explanation:

If the dollar amount of total return on your mutual fund is $165 and the original cost of your investment is $1,200, then what is your percentage of total return

Answers

Answer:

% 70

Explanation:

A mother wants to divide $680.00 among her children according to the ratio 2:4:6. The shares would be

Answers

Answer:

The shares would be… 113.33, 226.66, and 340

Explanation:

First step

2:4:6=12

2/12=1/6

4/12=1/3

6/12=1/2

Step 2

Since 1/6 of the money is for one child it would be 1/6 times (of) 680. This equals 113.33, you do the same for the other two children. You get 226.66 and 340 for the other two children.

:)

what is the expected return for a stock that has a beta of 1.4, if the risk-free rate is 5% and the market rate of return is 10%?

Answers

Answer:

% 3.9

Explanation:

PLEASE PLEASE PLEASE HELP !!

Answers

Answer:

box 1 box 3 and box 5 try that of not im sorry

A company reports on the cash basis. During the company's first year of business, it had sales on account of $1,000,000, inventory purchases on account of $400,000, and other expenses of $200,000. At the end of the year, the company had accounts receivable, inventory, and inventory related accounts payable of $100,000, $10,000, and $50,000, respectively. What is the company's cash-basis income for its first year of operations

Answers

Based on the information given the company's cash-basis income for its first year of operations is $350,000.

First step

Net sales revenues =Sales - Account receivable

Net sales revenues= $1,000,000 - $100,000

Net sales revenues = $900,000

Second step

Net expenditure on purchases =Inventory purchases - Account payable

Net expenditure on purchases =$400,000 - $50,000

Net expenditure on purchases = $350,000

Third step

Cash-basis income =Net sales revenues - Net purchases expenditure - Other expenses

Cash-basis income= $900,000 - $350,000 - $200,000

Cash-basis income= $350,000

Inconclusion  the company's cash-basis income for its first year of operations is $350,000.

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If a product is considered a bundle of attributes, what would be two attributes of a tube of toothpaste

Answers

If a product is considered a bundle of attributes, the two attributes of a tube of toothpaste will be: Weighs 10 grams and is Water resistant.

A product is considered a bundle of attributes that could be tangible or not.

In describing the product attributes of a toothpaste tube, we could reference the fact that it is lightweight and is resistant to water.

These attributes are the features that make the product attractive to consumers.

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Answer: Flavor of toothpaste & Size of container

Explanation:

The correct answer for smartbook.

A local radio commercial costs $600 and reaches an estimated 10,250 listeners. A local cable commercial costs $1000 and reaches an estimated 18,500 viewers. Which medium provides the lowest CPM

Answers

Based on the calculations, the medium that provides the lowest CPM is the cable commercial.

Since the radio commercial costs $600 and reaches an estimated 10,250 listeners, the CPM will be:

= $600/10250

= $0.0585

Since the local cable commercial costs $1000 and reaches an estimated 18,500 viewers, its CPM will be:

= $1000 / 18500

= $0.0541

Therefore, the lowest CPM is gotten from the cable commercial.

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which of rockwell’s paintings reached a record sale price?

Answers

"Saying grace" sold for, $46 million dollars.

The ideal target market for a firm is the one in which it can profitably generate the greatest customer ________ and ________ it over time.

Answers

Answer:

Value; Sustain and Grow

Explanation:

What does the phrase "like animals escaped from their caves" imply about the sun's impact on the children? (Paragraph 60)


A
The sun makes the children violent.
B
The sun makes the children feel free.
C
The sun turns the children against each other.
D
The sun causes the children to understand Margot.

Answers

This question is about the phrase "Like animals escaped from their caves".

This phrase refers to the impact of sun on children. Children are innocent and they want to enjoy their life. They do not have worries of life.

They are free from stress. If weather is rainy or snowy it may hinder children from going out.

Children will have to stay inside their house due to bad weather conditions so they will loose their creativity.

The Phrase "Like animals escaped from their caves" means sun will compliment children to play and go outside.

The correct answer is B. The sun makes the children feel free.

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Suppose that Lebanon has placed tariffs on its imports and exports. The import tariff is 13%, and the export tariff is 8%. If Lebanon has a balance of trade of (equivalent US dollars) $5,510,000 and received tariff revenue of $4,019,200, what are its imports and exports worth? a. $30,916,923 in imports, $50,240,000 in exports b. $17,040,000 in imports, $22,550,000 in exports c. $6,226,300 in imports, $5,950,800 in exports d. $4,793,700 in imports, $5,069,200 in exports.

Answers

The worth of imports and exports in reference to the balance of trades is $17,040,000 for imports and $22,550,000 for exports.

Computation of total amount of imports and exports

Given,

[tex]I[/tex] =Import tariff 13%

[tex]E[/tex]=Export tariff 8%

[tex]TB[/tex] =Trade balance of $5,510,000

[tex]TR[/tex] =Tariff revenue received of $4,019,200

First, two equations will be formed:

1. Trade Balance:

[tex]TB=E-I[/tex]

2. Tariff revenue:

[tex]TR=E+I[/tex]

The two equations with the given values are as follows:

1. [tex]E-I=\$5,510,000[/tex]

2. [tex]0.08E+0.13I=\$4,019,200[/tex]

Using both the equations the value [tex]E, I[/tex] are computed as follows:

Equation 1. can be written as:

[tex]E=\$5,510,000+I[/tex]

Putting the changed Equation 1. in equation 2.

[tex]\begin{aligned}0.08(\$5,510,000+I)+0.13I&=\$4,019,200\\\$440,800+0.08I+0.13I&=\$4,019,200\\0.21I&=\$3,578,400\\I&=\$17,040,000\end{aligned}[/tex]

Now, putting the value of [tex]I[/tex] in equation 1:

[tex]\begin{aligned}E-\$17,040,000&=\$5,510,000\\E&=\$5,510,000+\$17,040,000\\E&=\$22,550,000\end{aligned}[/tex]

Therefore, option b. $17,040,000 in imports, $22,550,000 in exports is correct.

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Answer:

(B) $17,040,000 in imports, $22,550,000 in exports

Explanation:

Consumer research aims at finding patters of customer usage.
True or false

Answers

Answer:

...True...

Explanation:

Consumer research aims at finding patters of customer usage.

In a _____, the factors of production are owned collectively rather than individually, and no incentives to work harder or to produce quality products are provided.

Answers

Considering the style of government, in a socialistic economic system, the factors of production are owned collectively rather than individually, and no incentives to work harder or produce quality products are provided.

What is Socialism?

Socialism is a style of government that operates so that the community owns all the properties, and every individual receives equally the economic resources allocated by the government.

Therefore, equal sharing reduces the incentives to work harder or produce quality products.

Hence, in this case, it is concluded that the correct answer is "Socialistic Economic system."

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HELP LOTS OF POINTS!!
Which information in the accounts payable subsidiary journal is entered after
the amount of credit or debit?
A. The name of the vendor
B. The terms of the sale
C. The balance
D. The date

Answers

Answer:

D

Explanation:

Answer: the balance

Explanation: because

If you borrow $1500 with a compounding interest rate of 8% for 2 years, that compounds semi-annually. How much will you pay back in total at the end of 2 years

Answers

Answer:

1740

Explanation:

1500(1+[tex]\frac{8}{100}[/tex])^2

1500*([tex]\frac{27}{25}[/tex])^2

= 1749.6

1. The fundamental problem of economics is:
A. to establish an equitable system of personal and business taxation.
B. to establish a democratic political framework for the provision of social goods and services.
C. the scarcity of factors of production relative to the unlimited wants of humans.
D. to achieve a more equitable distribution of money income in order to mitigate poverty.

Answers

Answer:

I think C is the correct answer.

a trade ______ occurs when imports exceed exports.

Answers

Answer:

goes good and you could get stuff out of it

Why do employers prefer employers with good work ethics

Answers

When employers give jobs to people, they expect them to have good work ethics because it puts a good reputation on their name, as well as maintaining a steady work flow and sanitation.

I am asking for a $____________________ investment in exchange for ______%
of my company.

Answers

Answer:

100

Explanation:

u can get 10% profit.

you will be easily benefited

It can change ur life

6. Which of the following are examples of possible fixed costs? Rent Property taxes Both of the above ONone of the above 3​

Answers

I believe it’s rent have a good one!

A corporation issued 3,800 shares of its no par common stock at a cash price of $10 per share. The entry to record this transaction would be:

Answers

The entry to record this transaction would be:

Debit Cash $38,000

Credit Common stock $38,000

We know that cash is an asset hence debited because it decreases as it was used to pay for bills while common stock is credited because it increases shareholder's equity.

Therefore,

Cash account      Dr   $38,000

(3,800 shares × $10)

To

Common stock account Cr $38,000

Therefore, the corporation would record the transaction as ; Debit Cash $38,000  , Credit Common stock $38,000

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How can I tutor at age 11?

Answers

ask your school or your parents/guardian

One concern over external national debt is that interest and principal payments transfer wealth overseas. The percentage of the national debt held in recent years by foreigners is approximately:

Answers

Answer:

26.70 trillion

Explanation:

Answer:

30 percent

Explanation:

I know it sounds sketchy but i myself just took this test a few days ago

For the last 20 years, Terry has made regular quarterly payments in the amount of $308 into an account paying 1. 5% compounded quarterly. If, at the end of the 20 year period, Terry stops making deposits, transfers the balance to an account paying 5. 5% interest compounded annually, and withdraws a annual salary from the account, determine the amount that he will receive every year for 10 years. Round to the nearest cent. A. $28,672. 88 b. $3,803. 97 c. $28,780. 40 d. $3,074. 66.

Answers

The amount that will be received by Terry at the end of every year for 10 years is $3,803.97

Computations:

1. First the future value will be computed:

Given,

[tex]A[/tex] =$308, Annuity or the quarterly payment amount.

[tex]r[/tex] =1.5%, the rate of interest to be paid quarterly; thus the effective rate of interest will be: 0.375% [tex](\frac{1.5\%}{4})[/tex]

[tex]n[/tex] = 20 years, number of periodic payments, but the effective time period for the computation will be 80 payments that are: [tex](20\times4(\text{quarter}))[/tex]

[tex]\begin{aligned}\text{Future Value}&=\dfrac{A\times(1+r)^n-1}{r}\\&=\dfrac{\$308\times(1+0.00375)^{80}-1}{0.00375}\\&=\$28,672.88\end{aligned}[/tex]

2. From the determined future value that will be used in the present value formula, where 5.5% interest compounded at which Terry will receive an amount for every 10 years will be computed.

Given,

Present value =$28,672.88

[tex]r[/tex] =5.5%, the coumpounded rate of interest

[tex]n[/tex] =10 years

[tex]\begin{aligned}\text{Present Value}&=\dfrac{A(1+r)^n-1}{r(1+r)^n}\\\$28,672.88&=\dfrac{A(1+0.055)^{10}-1}{0.055(1+0.055)^{10}}\\A&=\dfrac{7.537}{\$28,672.88}\\A&=\$3,803.97\end{aligned}[/tex]

Therefore, after the payment of $308 for 20 years, Terry will start receiving the amount of $3,803.97 every 10 years.

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Match the treatment of unrealized gains and losses on debt investments existing at the time of transfer between investment categories with the correct transfer scenario.

a. AFS or HTM to Trading AFS or HTM to Trading drop zone empty.
b. Trading to AFS or HTM Trading to AFS or HTM drop zone empty.
c. HTM to AFS HTM to AFS drop zone empty.
d. AFS to HTM AFS to HTM drop zone empty.
d. None are recognized because they already have been recognized in income.

Answers

Option D

Because the answer is AFS to HTM- Amortize to net income over remaining life.
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