Answer: arithmetic Average Return =11.33%
Geometric Average Return=10.33%
Explanation:
Returns per year
Year 1 16%
year 2 23%
year 3 15
year 4 -11%
year 5 30 %
year 6 -5%
Total = 68%
Arithmetic Average = Total returns 0f ( year 1 -6) / number of years
= 68%/6 =11.33%
Geometric Average Return is given as
= ((1 + R1) × (1 + R2) × ... × (1 +Rn))(1/n) - 1
((1 + 16%) × (1 + (23%)) × (1 + 15%) x (1+ -11%) x (1+30%) x (1+ -5%))^1/6 - 1
((1.16 x 1.23 x 1.15 x 0.89 x 1.30 x (0.95)) ^1/6
((1.16 x 1.23 x 1.15 x 0.89 x 1.30 x 0.95)) ^1/6 -1
(1.8035073 )^1/6 - 1
= 1.10328 -1 = 0.10328 x 100 = 10.328% =10.33%
Answer:
The amount of $8,707,170 of cash and cash equivalents to be reported on Eastwood Co.
Explanation:
Cash reported December 31,2014 = Commercial savings account + Commercial checking account + Money market fund + Petty cash fund + Commercial paper + Currency and coin on hand
=$698,340 + $830,320 + $5,044,440 + $1,900 + $2,124,020 + $8,150
= $8,707,170
Therefore, The amount of $8,707,170 of cash and cash equivalents to be reported on Eastwood Co.
Answer:
I think the answer is...... A.You can ask to get out of your loan.
Hope i helped :)
Explanation:
