Answer:
1. Choose a Restaurant Concept and Brand.
2. Create Your Menu.
3. Write a Restaurant Business Plan.
4. Obtain Funding.
5. Choose a Location and Lease a Commercial Space.
6. Restaurant Permits and Licenses.
7. Design Your Layout and Space.
8. Find an Equipment and Food Supplier
Answer:
$328000
Explanation:
Given: Cost of machine= $880000
Residual value= 60000
Estimated life= 10 years
Company use straight line depreciation method.
∴ Depreciation =
⇒ Depreciation=
∴ Depreciation= per year.
Now, lets find the value of depreciation.
∵ Machine is sold on December 31, 2019, which is 6 years after it is installed.
∴ Depreciation value after 6 years=
Depreciation value after 6 years=
Next, finding the value of machine after 6 years of depreciation.
Value of machine after 6 years=
∴ Disposal value of machine after 6 years of usage is , however, machine was sold at $225000.
Answer:
The amount of money we will have after the investment will be $ 4,800.
Explanation:
Simple interest is the system of calculation in which the interests generated by a capital are not capitalized, that is, when the interests are withdrawn separately and they do not accumulate in the capital that produced them. In other words, in the simple interest calculation the interest is not productive and it must always resort to the initial capital contributed.
Therefore, if the initial capital is $ 3,000 and the interest rate is 6% with a duration of 10 years, we must calculate this percentage and multiply it by 10 to obtain the sum of money that we will have at the end of the investment:
3,000 x 6/100 = 180
180 x 10 = 1,800
3,000 + 1,800 = 4,800
As we can see, the amount of money we will have after the investment will be $ 4,800.
If it is a binding price floor, when the law is repealed, quantity demanded increases and quantity supplied decreases.
If it is a binding price ceiling, when the law is repealed, quantity demanded decreases and quantity supplied increases.
<h3>What is a price floor and a price ceiling?</h3>
A price floor is when the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Price ceiling is when the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
To learn more about price floor, please check: brainly.com/question/26551616
Answer:
With incomes falling in the recession, people are buying more chicken. - this statement is about inferior goods
II People are buying more beef now that incomes have increased. - this statement is about normal good
III People are buying more chicken because the price of chicken has fallen. This statment is about neither
IV With higher incomes people are switching from chicken to beef. - this statement is about both normal and inferior goods
Explanation:
A normal good is a good whose demand rises when income increases and falls when income falls. In this question, beef is a normal good.
An inferior good is a good whose demand rises when income fall and falls when income rises. Chicken is an inferior good in this example.