Efficiency = input / output If expenses are $60 and revenue is $80 (perhaps net of interest revenue/expense) the efficiency ratio is 0.75 or 75% (60/80) â meaning that $0.75 are spent for every dollar earned in revenue.
As mentioned above a true antique is more than 100 years old, but some stores value furniture older than 50 years as antique and fine antique dealers will label items antique if they are more than 150 years old. The best way to find out is get the exact age of the piece.
The Antique Automobile Club of America has been around since the 1935, so surely they must know. They define classic automobiles as âfineâ or âunusualâ vehicles, foreign or domestic, that are between 25 and 50 years old. 50 and older means a car is officially an âantiqueâ. This is really not unusual. Many clubs and organizations distinguish between classic, antique and vintage automobiles.