Solution-What will be the rate of return over a three-year

What will be the rate of return over a three-year period

Assignment Help Finance Basics

Reference no: EM13881778

In 2010, the city of Houston, Texas, collected $24,112,054 in fi nes from motorists because of traffi c violations caught by red-light cameras. The cost of operating the system was $8,432,372. The net profit, that is, profit after operating costs, is split equally (that is, 50% each) between the city and the operator of the camera system. What will be the rate of return over a 3-year period to the contractor that paid for, installed, and operates the system, if its initial cost was $9,000,000 and the profit for each of the 3 years is the same as it was in 2010?

Reference no: EM13881778

Questions Cloud

Describe the responsibilities of the aircraft rescue fire : Describe the responsibilities of the Aircraft Rescue Fire Fighting personnel and the tactical methods and equipment requirements for ARFF units in the above scenario.

Discuss the arguments made by larry flynt : Discuss the arguments made by Larry Flynt In response to Jerry Falwell's suit stemming from the "Campari" ad. A radio station is fined by the FCC because of a finding that the station allowed an indecent word to be uttered by one during a live on-a..

Polypropylene production plant : The Cookenwythe Gas Company pumps propane gas to the nearby Noxious Chemicals, Inc., polypropylene production plant. The gas is metered at the noxious plant at 400m3/h at 4.7atm gauge and 30°C.

Is it statistically different from the period : Holding the job vacancy rate constant, what is the average unemploy- ment rate in the period beginning in the fourth quarter of 1966? Is it statistically different from the period before 1966 fourth quarter? How do you know?

What will be the rate of return over a three-year period : What will be the rate of return over a 3-year period to the contractor that paid for, installed, and operates the system, if its initial cost was $9,000,000 and the profit for each of the 3 years is the same as it was in 2010?

Procedure to prevent recurrence of an incident : The chemical reactor shown below has a cover (called a head) that is held in place by a series of bolts. The head is made of stainless steel (SG = 8.0), is 3 in. thick, has a diameter of 24 in., and covers and seals an opening 20in. in diameter.

Demand for the particular good rose : It is often said that the prospect of EU membership made central European nations a better, safer place to invest. Using the Solow diagram, show how this would affect medium term growth in these nations. What sort of ‘footprints’ would this leave in ..

The depreciation on the equipment : 1.On January 2, 2013, the Jackson Company purchased equipment to be used in its manufacturing process.

Read through the tree trimming project case : Read through the Tree Trimming Project case in chapter 13 of the textbook. This case refers to the earned value (EV) of the owner, Will Fence's Tree Trimming business. Will briefly describes his techniques for EV. Based on the description provided in..

User Account

All Pages

What will be the rate of return over a three-year period

Reference no: EM13881778

Reference no: EM13881778

Questions Cloud

Reviews

Write a Review

Finance Basics Questions & Answers

Financial reporting and analysis

A report on financial accounting

Describe the types of financial ratios

Differences between sole proprietorship and corporation

Prepare a cash budget statement

What are the implied interest rates

State pricing theory and no-arbitrage pricing theory

Small business administration

Effect of financial leverage

Evaluate the basis for the payment to the lender

Importance of opps, ipps, mpfs and dmepos

Time value of money

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT