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AlexFokin [52]
3 years ago
10

(a) A local bookseller is considering expanding store space to increase his capacity for books.

Business
1 answer:
Ksju [112]3 years ago
8 0

The book seller should invest in the extra space.

<u>Explanation:</u>

As per the given data:

rent for the additional space given is $300 per year, the additional profit that will be pulled by adding on the space = $4000 per year, the current rate of interest given is = 12%

In order to calculate about the decision, the present values needs to be calculated first

The present value of the investment = (- $ 3000 plus $ 4000) by 1.121

The present value of the investment = $ 571.43

The present value of the investment is positve, hence the book seller should invest in the extra space.

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Suppose a small business has sales of $15,000 this month, with future sales expected to grow by $1,600 each month. Costs consist
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$8,220

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According to the scenario, computation of the given data are as follow:-

This month Sales = $15,000

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Sales ($) 16,600 18,200 19,800 21,400 23,000 24,600 26,200

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Gross profit in a single 7 month from now = $8,220

 

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