Kirby Puckett became the first $3,000,000 man in major league baseball in 1990. By 2008, A-Rod was bringing in $27,500,000 per year
Did the annual change in the highest annual baseball salary rise more rapidly over this time period than from 1930 to 1990? Babe Ruth had the highest salary and made $80,000 in 1930.
A) Yes, because the annual rate of change was 29.17% in the more recent period and only 36.67% in the earlier period.
B) No, because the annual rate of change was 29.17% in the more recent period and 36.67% in the earlier period.
C) Yes, because the annual rate of change was 13.10% in the more recent period and only 6.23% in the earlier period.
D) There is not enough information provided to answer this question.
Answer: C
Explanation: C) r = (FV/PV)1/n - 1 = ($27,500,000/$3,000,000)1/18 - 1 = 13.10% and ($3,000,000/$80,000)1/60 - 1 = 6.23%
You might also like to view...
Firehawk Corporation had net income of $560,000 in 20x5 and paid dividends of $440,000 on 200,000 shares of outstanding common stock. Total stockholders' equity at the end of 20x5 was $2,060,000 and the market price for each share of Firehawk's stock was $58 throughout 20x5. Based on this information, what is the price/earnings ratio for Firehawk's stock?
A) 96.67 times. B) 20.71 times. C) 4.83 times. D) 26.36 times.
What are the salient features of cloud computing?
What will be an ideal response?
Community property is used to determine property rights in common law marriages
Indicate whether the statement is true or false
Louise works a minimum wage job. Due to a drug habit, she is always short on funds; additionally, she feels underpaid, and says to herself that the company owes her. Louise knows that the company has security cameras placed above each register, and will do surprise cash counts throughout each shift; therefore, because there is no ________, Louise is less likely to commit fraud.
A) perceived pressure B) rationalization C) perceived opportunity D) internal controls