Assume that in 2018, the first edition of a comic book was sold at auction for $597,20o. The comic book was originally sold in 1935 for $.05. For this to have been true, what was the annual increase in the value of the comic book? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) Annual increase %
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Price in 1935 (P0) = $0.05
Price in 2018 (Pn) = $597,200
Period form 1935 to 2018 (n) = 83 Years
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- In 2012, an Action Comics No. 1, featuring the first appearance of Superman, was sold at auction for $1,190,000. The comic book was originally sold in 1940 for $.08. Required:For this to have been true, what was the annual increase in the value of the comic book? (Round your answer as directed, but do not use rounded numbers in intermediate calculations. Enter your answer as a percent rounded to 2 decimal places (e.g., 32.16).)Assume that in 2020 the first edition of a comic book was sold at auction for $797,800. The comic book was originally sold in 1939 for $.10. What was the annual increase in the value of the comic book?Work in excel, In 2020, a Detective Comics No. 27, featuring the first appearance of Batman, was sold at auction for $1.5 million. The comic book was originally sold in 1939 for $.10. What was the annual increase in the value of this comic book?
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- On December 28, 2018, Tristar Communications sold 10 units of its new satellite uplink system to various customers for $25,000 each. The terms of each sale were 1/10, n/30. Tristar uses the gross method to account forsales discounts. In what year will income before tax be affected by discounts, assuming that all customers paidthe net-of-discount amount on January 6, 2019? By how much?On January 1, 20x9, Detail Inc sold a tract of land that was acquired years ago for P 3M. Detail received a three year 10% interest bearing note for P 6M in exchange for the land, but the current market rate of interest for comparable notes is 10%. The note is payable in equal annual instalments of P 2M every December 31 starting December 31, 20x9. (Do not round your present factors but round off your final answers to 2 decimal places) Required: Compute for the carrying value of the note on January 1, 20x9 b. Compute for the gain or loss on sale c. Compute for the interest income recognized in 20x11. d. Compute for the carrying value of the note in December 31, 20x10 e. Prepare all entries. Expert AnswerOn January 1, 2012, Horizon Group sold property carried in inventory at a cost of P1,470,000 for P2,100,000. A 20% down payment was made and the balance payable in 4 equal installments of P420,000, payable semi-annually every June 30 and December 31. The market rate of interest is 12%.How much is the total amount credited to Sales on January 1, 2012?
