What Is the Percent Increase for a House That Sells

question 17

Multiple Choice

What is the percent increase for a house that sells for $ 64,000 and then later for $ 139,000 ? Round to the nearest percent. ​

• A) 46 %
• B) 117 %
• C) 54 %
• D) 22 %
• E) 317 %

Learn how to apply the lower of cost or market rule to inventory valuation.

Understand how LIFO layers affect inventory valuation and financial reporting.

Evaluate the impact of different inventory accounting methods on business financial health.

Analyze the effect of inventory valuation methods on tax liability and company's book value.

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Definitions:

Market Rate

The prevailing interest rate available in the marketplace, often used as a benchmark for setting loan or investment interest rates.

Compound Semi-Annually

Interest on an investment or loan is calculated twice a year, with each calculation adding the accrued interest to the principal for future interest computation.

Strip Bond

A debt security that has had its main components, such as periodic interest payments, separated, leaving only the principal to be repaid at maturity.

Discount Rate

The interest rate charged by central banks to commercial banks for loans and advances, influencing monetary policy and overall economy.