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You Discover an Antique in Your Attic That You Purchased

question 131

Multiple Choice

You discover an antique in your attic that you purchased at an estate sale 10 years ago for $400.You auction it on Ebay and receive $8,000 for your item.What annual rate of return did you earn?


Definitions:

Accounting Break-Even

Represents the sales amount at which a business covers its operating costs without making a profit or a loss.

Depreciation

The systematic allocation of the cost of a tangible asset over its useful life, reflecting the decrease in value over time.

OCF

Operating Cash Flow, which indicates the amount of cash generated by a company's normal business operations.

Financial Break-Even

The point at which a project or company generates enough revenue to cover all of its financial costs, including operating expenses and interest.

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