What is crucial factor to small business success

This morning, TL Trucking invested $75,000 to help fund a company expansion project planned for 4 years from now. How much addit

sweet [91]

Answer:

Additional money, the firm have 4 years from now if it can earn 5 percent rather than 4 percent on its savings will be $3,423.

Explanation:

Principal Amount = P = $75,000

Number of year = n = 4 years

If rate of return is 4%

A = P ( 1 + r )^n

A = $75,000 ( 1 + 0.04 )^4

A = $75,000 x 1.16986

A = $87,740

If rate of return is 5%

A = P ( 1 + r )^n

A = $75,000 ( 1 + 0.05 )^4

A = $75,000 x 1.21551

A = $91,163

Additional Amount Earned = $91,163 - $87,740 = $3,423

8 0

3 years ago

Shannon Company segments its income statement into its North and South Divisions. The company’s overall sales, contribution marg

a_sh-v [17]

Answer:

<u>North Division:</u>

Sales 154,000 12.8%

Variables Cost 101,640 8.44%

Contribution Margin 52,360 4.39%

<u>South Division:</u>

Sales 1,050,000 87.20%

Variables Cost 630,000 52.33%

Contribution Margin 420,000 34.84%

Total Contribution 472,360 39.23%

Fixed Cost 262,500 21.18%

Net Income 209,860 17.43%

Explanation:

First we do the income statements

then we add both sales figures together:

154,000 + 1,050,000 = 1,204,000

And add the percentajeof sales for each line

4 0

4 years ago

Even though local newspapers are very inexpensive, people rarely buy more than one of them each day. This fact:

Brilliant_brown [7]

Answer:

D. implies that, for most people, the marginal benefit of reading a second newspaper is less than the marginal cost

Explanation:

When marginal cost is greater than marginal benefit ,There's inefficiency. It is better for the consumer to stop consumption at this point.

I hope my answer helps you

4 0

3 years ago

A tax form asks people to identify their annual income, number of dependents, and social security number. For each of these thre

svlad2 [7]

Answer:

The three would be used in Tax Computation

Explanation: continuous

5 0

3 years ago

8. Matt Wayne has $20,000 to invest and would like to double his money for the purchase of a new truck. Under current market con

Diano4ka-milaya [45]

Answer:

It will take 14 years and 77 days to double the money.

Explanation:

Giving the following information:

Matt Wayne has $20,000 to invest and would like to double his money for the purchase of a new truck. The interest rate is 5 percent.

We need to find the number of years to achieve $40,000. We will use the following variation of the final value formula:

FV= PV*(1+i)^n

Isolating n:

n=[ln(FV/PV)]/ln(1+r)

n= [ln(40,000/20,000)]/ ln(1.05)= 14.21 years

To be more accurate:

0.21*365= 77

It will take 14 years and 77 days to double the money.

5 0

3 years ago