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Basile [38]
3 years ago
11

Herbert gained most of the capital for his new start-up project by posting a small demonstration of his product on a website tha

t he created especially for the project. Many people showed genuine interest in his product and donated money to help him launch it. In the given scenario, Herbert:_____.
a. was able to fund his project through venture capital.
b. received money for his venture from angel investors.
c. received money for his venture through crowdfunding.
d. was able to fund his project through seed money.
Business
1 answer:
Musya8 [376]3 years ago
5 0

Answer:d. was able to fund his project through seed money.

Explanation:Seed money is the money given to someone so that they can start their business venture , it is called a seed money because it is like planting a seed knowing that you will enjoy the fruits of its growth. People who give an entrepreneur this money help him or her get a start up capital whilst they also have hope that they would be part of his or her success and likely get the return as their investment in the future.

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Phoenix Pump and Filter projects that the cost of steel bodies for Model R910 valves will increase by $2.50 every 3 months. If t
katrin2010 [14]

Answer:

$1023.98

Explanation:

Using the standard notation equation for annual payment and for arithmetic gradient to calculate the present worth of a unit's costs; we have the following corresponding expression.

P = A (P/A, i, n)         &     P = G (P/G, i, n)

where;

A = annual payment

G = arithmetic gradient

n = number of years

i = annual interest rate

From the question;

the payment  period = compounding period

∴ quaterly interest rate = 3%

The present worth value of the unit's cost is therefore shown as

P = 90 (P/A, 3%, 12) + 2.5(P/G, 3%, 12)

P = 90(9.954) + 2.5(51.2481)

P = $1023.98

∴ The present worth value of the unit's cost = $1023.98

7 0
3 years ago
The anticipated purchase of a fixed asset for $400,000, with a useful life of 5 years and no residual value, is expected to yiel
Evgesh-ka [11]
The answer is a.True
The cost of the fixed asset is already excluded from the net income. In this case, the rate of return can be computed by the total net income divided by the cost of the fixed asset. So that would be $200,000/$400,000. The rate of return would be 50%
6 0
3 years ago
Assets Liabilities Total Reserves $60,000 Demand Deposits $200,000 Loans $140,000 The balance sheet above shows the financial si
UNO [17]

Answer: $40,000

Explanation:

The maximum amount of additional money that Carland National Bank can create will be calculated as the difference between the total reserve and the excess reserve. This will be:

= Total reserve – required reserve

where,

Total reserve = $60,000

Required reserve = 200000 × 10%

= 200,000 × 0.1

= $20,000

Therefore,

Excess reserve = $60000 - $20000

Excess reserve = $40000

6 0
3 years ago
Multiple Choice Question 104 Oriole Company's accounting records reflect the following inventories: Dec. 31, 2020 Dec. 31, 2019
irina1246 [14]

Answer:

COGS= $2,129,700

Explanation:

Giving the following information:

Finished goods inventory:

Beginning= $190,000

Ending= $150,000

Cost of goods manufactured= $2,089,700

The cost of goods sold is calculated using the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 190,000 + 2,089,700 - 150,000

COGS= $2,129,700

3 0
4 years ago
A grocery store that uses local distributors is am example of what stage of globalization
Elena L [17]

Answer: Domestic stage

Explanation:

In the domestic stage of production, the entity is only involved in the domestic arena. The production facilities they have are limited to the country they are in and they only operate in the domestic market and at this point, the company is not trying to get into foreign markets.

The grocery store above uses only local distributors which means that they are only servicing the local market which therefore puts them at the domestic stage of globalization.

3 0
3 years ago
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