In 2011, an Action Comics No. 1, featuring the first appearance of Superman, was sold atauction for $2,161,000. The comic book was originally sold in 1938 for $.10Required:What was the annual increase in the value of this comic book? (Round your answer asdirected, but do not use rounded numbers in intermediate calculations. Enter youranswer as a percent rounded to 2 decimal places (e.g., 32.16).)Annual increase%

Sale Price in 1938 = S1938 = $ 0.10Sale Price in 2011 = S2011 = $ 2,161,000Let g be the annual…

Answered: In 2011, an Action Comics No. 1,…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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In March 1963, Ironman was introduced in issue 39 of the comic book Tales of Suspense. The original price for that issue was $0.11. By March 2015 , 52 years later, the value of this comic book, given the condition it's in, had risen to $9,900. What annual rate of interest would you have earned if you had bought the comic book in 1963 and sold it in 2015 ? The annual rate of interest you would have earned if you had bought the comic book in 1963 and sold it in 2015 is enter your response here %. (Round to two decimal places.)
Assume that in 2018, a copper penny struck at the Philadelphia mint in 1795 was sold for $375,000. What was the rate of return on this investment? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
In the 1920 Sears Roebuck catalog, an oak chest of drawers cost $8 plus freight. In 1990 this same chest of drawers, in good condition, was $1200. If the average rate of inflation over that 70-year period was 3%, what was the average yearly rate of appreciation, adjusted for inflation?
In 1895, the first U.S. Open Golf Championship was held. The winner’s prize money was $150. In 2016, the winner’s check was $2.2 million.What was the percentage increase per year in the winner’s check over this period? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
Assume that in 2018, a copper penny struck at the Philadelphia mint in 1796 was sold for $495,000. What was the rate of return on this investment? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) the school has mentioned 2 decimal, so I know that answer is 8.31% but this is only three numbers, don't the direction state 4?
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On December 28, 2021, 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 net method to account for sales discounts. In what year will income before tax be affected by discounts, assuming that all customers paid the net-of-discount amount on January 6, 2022? By how much? In ________(2021 or 2022), income before tax will be _________(increased or decreased by _______(how much?)
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?
A certain copier machine cost P150,000 with a trade-in value of P15,000 after making 800,000 copies. Using the declining balance method, what is the book value when the machine had made 300,000 copies?
Marigold Company includes one coupon in each box of soap powder that it packs, and 10 coupons are redeemable for a premium (a kitchen utensil). In 2020, Marigold Company purchased 9,100 premiums at 75 cents each and sold 101,000 boxes of soap powder at $ 3.60 per box; 40,800 coupons were presented for redemption in 2020. It is estimated that 60% of the coupons will eventually be presented for redemption.Prepare all the entries that would be made relative to sales of soap powder and to the premium plan in 2020. (If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts. Credit account titles are automatically indented when amount is entered. Do not indent manually.)
Please show your solution in good accounting form In 2021, SUGA Company sold 485,000 boxes of cereals under a new sales promotional program. Each box contains one coupon, which entitles the customer to a premium that costs the company ₱75. Five coupons plus a remittance of ₱20 must be presented by the customer to receive a premium. SUGA estimated that 85% of the coupons will be redeemed. Actual premiums redeemed were 5,000 units. Additional information disclosed that ₱10 per premium is incurred for storage and distribution. a. Compute for the liability for the unredeemed coupons. b. Compute for the premium expense for the year.
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