Consider the market for land in upstate New York, a mostly rural and less populous area, as compared to the market for land in the Upper West Side of New York City, a well-to-do neighborhood alongside Central Park. Because the supply of land in upstate New York is (perfectly inelastic , perfectly elastic) , buyers in upstate New York pay (an interest rate , an economic rent , an economic profit) when they purchase their land. Owners realize that the rental price of land is much lower in Upstate New York than in more densely populated areas like the Upper West Side of New York City. One of the possible explanations for this rent difference is that there is a low (demand for , supply of ) land with low productivity. Some land owners decide to build parking lots in the Upper West Side of New York City. The supply curve for land to be used for parking lots is ( horizontal , vertical , downward sloping , upward sloping ) .

You have just been hired as a financial analyst for barrington industries. unfortunately, company headquarters (where all of the firm's records are kept) has been destroyed by fire. so, your first job will be to recreate the firm's cash flow statement for the year just ended. the firm had $100,000 in the bank at the end of the prior year, and its working capital accounts except cash remained constant during the year. it earned $5 million in net income during the year but paid $800,000 in dividends to common shareholders. throughout the year, the firm purchased $5.5 million of machinery that was needed for a new project. you have just spoken to the firm's accountants and learned that annual depreciation expense for the year is $450,000; however, the purchase price for the machinery represents additions to property, plant, and equipment before depreciation. finally, you have determined that the only financing done by the firm was to issue long-term debt of $1 million at a 6% interest rate. what was the firm's end- of-year cash balance? recreate the firm's cash flow statement to arrive at your answer

Double corporation acquired all of the common stock of simple company for

Microsoft's stock price peaked at 6118% of its ipo price more than 13 years after the ipo suppose that $10,000 invested in microsoft at its ipo price had been worth $600,000 (6000% of the ipo price) after exactly 13 years. what interest rate, compounded annually, does this represent? (round your answer to two decimal places.)