In 2013, famous street artist, Banksy, set up an unmarked stall in New York’s Central Park selling paintings for $60. That same year at auction, similar paintings were sold for $31,200. During the year, the inflation rate was 1.5%. Suppose you were lucky enough to purchase a painting, what were the nominal and real rates of return for the paintings? a) 519.0%; 511.3%
b) 99.8%; 98.3%
c) 51,900.0%; 51,898.5%
d) 51,900.0%; 51,131.5%

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)

The following costs were incurred in may: direct materials $ 44,800 direct labor $ 29,000 manufacturing overhead $ 29,300 selling expenses $ 26,800 administrative expenses $ 37,100 conversion costs during the month totaled:

Rosie and her brother michael decided recently to purchase an rv together. they both want to use the rv to take their families camping. the price of the rv was $10,000. since michael expects to use the rv 60% of the time and rosie 40% of the time, michael contributed $6,000 and rosie contributed $4,000. their ownership percentage equals their contribution percentage. which type of property titling should they use to reflect their ownership interest?