Answer:
After 18.44 year loan will be paid
Explanation:
We have given an entrepreneur borrows $500,000 today.
So total amount is $500000
Annual payment is of $70000
Rate of interest r = 11.5 %
We have to find the time period
We know that total amount is given by
, here A is total amount , P is yearly paid amount, r is rate of interest and n is time period
So 
Taking log both side
n = 18.44 year
So after 18.44 year loan will be paid
Answer:
Technician A says a fleet shop is usually connected with either a business that runs multiple vehicles or with equipment that is maintained and repaired in house.
Answer:
Explanation:
1.
Petty Cash (200-50.6) Dr.$149.4
Cash Cr.$149.4
Freight In Dr. $58.4
Postage Dr.$40
Balloons Expense Dr.$20
Meals Expense Dr.$25
Cash Cr.$143.4
2. Petty Cash Dr.$50
Bank/Cash Cr.$50
<u>Answer:
</u>
This scenario is an example of the principle of economics that says trade can make everyone better off.
<u>Explanation:
</u>
- Devising the financial value of time and activities is critical when it comes to financial management.
- It is preferable to an activity only if it is worth the time that is being allotted to it.
- It the same time can be spent on something that would fetch more returns, continuing to do the same activity is worthless.
