Sydney's Siding Made a Basket Purchase Involving Four Assets

question 148

Multiple Choice

Sydney's Siding made a basket purchase involving four assets. Their market values were A: $41,000; B: $40,000; C: $45,000; and D: $54,000. The price Sydney's paid for the four assets was $170,000. What percentage of the $170,000 price would be allocated to asset C to the nearest one-tenth of a percent? (Round any intermediary calculations to the nearest cent and your final answer to the nearest dollar.)

• A)33.3%
• B)26.5%
• C)25%
• D)22.2%

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Definitions:

Federal Funds Rate

The interest rate at which banks and other depository institutions lend money to each other, usually on an overnight basis, which is determined by the Federal Reserve in the United States.

Money Supply

The full ledger of economic financial resources at a specific instance.

Interest Rate

The proportion of a loan charged as interest to the borrower, typically expressed as an annual percentage of the loan outstanding.

Barter

The direct exchange of goods and services without the use of money as a medium of exchange.