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Answer: Some of the small and relatively easy start up businesses have the least growth and greatest failure rate
Explanation: A business is any activity entered into with the aim of making profit. It could be a sole proprietorship, partnership, limited liability company or LLC.
Business especially small and medium scale enterprise face challenges as they often times struggle to stay in business and experience growth.
The idea of A2Z Sports bar fallls under the small and medium scale enterprise that may also face similar challenge.
The ratio could increase with the purchase of $170,000 of inventory on account.
Answer:
The correct answer is $20,772.92.
Explanation:
According to the scenario, the given data are as follows:
Payment (pmt) = $12,000
Rate of interest = 5.50%
Rate of interest per month (r) = 5.50 / 12 months = 0.46%
Time = 10 years (n) = 120 months
So, the future value can be calculated by using following formula:
Future value = PMT ×(1+r)^n
= $12,000 × ( 1 + 0.46% )^120
= $20,772.92
Hence, the future value at the end of 10 years will be $20,772.92.
