A partnership has been defined as "an association of two or more persons who carry on as co-owners of a business for a profit."
A partnership is a legal agreement/arrangement where people, known as partners, work together and are beneficial to one another in terms of business. A fun example of a partnership is Ben & Jerry's ice-cream. Founded by Ben & Jerry they were partners in their company and created a successful business though partnership.
Answer:
The NPV of the project is $974.
Explanation:
The net present value is the today's value of a stream of cash flows. The net present value will be the sum of all the expected future cash flows from a project less the initial investment required for the project and it is used to evaluate the investment decisions.
The net present value of an investment project will be:
NPV = CF1 / (1+r) + CF2 / (1+r)^2 + ... + CFn / (1+r)^n - Initial investment
or
If the cash flows are constant or of same amount through out, occur after the same interval of time and are for a defined period of time, they become an annuity and the NPV of such a project can be calculated by,
NPV = (Cash flow per period * Present value of Annuity factor) - Initial cost
The NPV of this project will be = (2000 * 2.4869) - 4000 = 973.8 rounded off to $974
He made $115 because 25% of 40 is 10. multiply 10 by 4 rings to get 40. 25% of 60 is 15. multiply 15 by 5 to get 75. add 40 to the 75 to get $115.
Answer:
B - Labor-Augmenting Technological Progress
Explanation:
Labour-augmenting technical change process makes workers more productive and enhance efficiency.
