Answer:
Subtract all your expenses from your earnings which would be 750,000 - 200,000 -150,000 - 50000 = $350,000 net income
Answer:
Explanation:
MIRR equation is given by :
[(FV +ve cashflow / PV -ve cashflow)^(1/n)] - 1
FV +ve cashflow = Future value of positive cashflow at reinvestment rate
PV - ve cashflow = Present value of negative cashflow at finance rate
n = number of periods
The Modified Internal Rate of Return is a devised modification for the Internal rate of return, IRR which gives rate of return on percentage and overcomes the limitations of the IRR formula.
Answer :a obligation.
The word obligation means “to be bound to act in a certain way either morally or legally.”
Hence when one is in need of money to start a business, family members may lend the money because they are bound to help you in times of need.
Loans from family members are usually interest free.
However, if the loan is not repaid, relationships quickly turn sour.
Hence loans from family member must be treated with respect and care, in order to maintain relationships.
