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Author Question: Equity refers to the A) the amount of cash used to buy an asset. B) the amount of a purchase ... (Read 46 times)

nramada

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on: Aug 10, 2018
Equity refers to the
 
  A) the amount of cash used to buy an asset.
  B) the amount of a purchase that is has been financed via debt.
  C) amount borrowed to buy an asset.
  D) free and clear ownership of an asset.

Question 2

Assume that a buyer purchased a piece of capital equipment for 13,000. It is estimated that the piece of equipment will result in additional profits of 500 monthly for three years after considering the expense of its operation.
 
  In this scenario, the ROI on the purchase would be ________ (rounded) over the three year period.
  A) 1384 B) 138 C) 72 D) 13.8


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jonathanballen97

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Reply #1 on: Aug 10, 2018
Answer to Question 1

D

Answer to Question 2

B


nramada

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Reply 2 on: Aug 10, 2018
Great answer, keep it coming :)

kilada

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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