Although appealing to more refined tastes, art as a collectible has not always performed so profitably. during 2010, deutscher-menzies sold arkie under the shower, a painting by renowned australian painter brett whiteley, at auction for a price of $1,100,000. unfortunately for the previous owner, he had purchased it three years earlier at a price of $1,680,000. what was his annual rate of return on this painting?

the annual rate of return on the painting was  -13.17%

Explanation:

we will construct the equation for future value at the annual rate of return at which a  principal of 1,680,000 return 1,100,000 in three years:

Principal1,680,000

time3 years

Amount1,100,000

rate          r

r = -0.131650681 = -13.17%

As expected, because the amount after three years is lower than the principa the rate of return is negative

the most important factor in the

work process or industry is to retain the interest of the employee. and to

retain them, their salary or profit must be adjusted to the best value. unless

the employee does not do his job properly, employees must receive bonuses or

benefits to ensure them to stay in the company. it will actually make them stay

longer, make them feel important and reduce costs for hiring new employees.

explanation:

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