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4 years ago

Why is it difficult for some people to save money?

1 answer:

8 0

If they have alot of money then it might be hard for them to save because they have enough or if they dont have alot of money then they just wanna have alot of items i do that sometimes☺

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Mr. James purchased a vacation house in Los Angeles on July 1, 2017. The purchase price was $1,000,000, and Mr. James spent $10,

dedylja [7]

Answer:

= $210,000

Explanation:

The question is to determine the income realized by Mr. James in 2019

The income is calculated as follows:

First, the basic information for calculation:

The Purchase price for the vacation house = $1,000,000

Spent Capital additions = $10,000

2019 worth of the house = $1,200,000

Secondly, based on the extracted figures, the income is calculated as follows

Income realised in 2019 = 2019 worth of the house - (Purchase Price - capital addition)

= $1,200,000 - ($1,000,000 - $10,000)

= $1,200,000 - $990,000

= $210,000

4 0

3 years ago

In 1–3 sentences, explain the role of entrepreneurs in the economy.

jenyasd209 [6]

ANSWER: There are many ways how entrepreneurs benefit the economy. Few of them are

1) Create Jobs: Entrepreneurs create jobs in the community. When someone opens a new business or expands his new business, he will need human resource to help him to do his works.

2) Wealth Creation: Entrepreneurs pool in their own money and attract investment from lenders, banks and other investors. This mobilizes public wealth.

3) Exports: Entrepreneurs after growing in their businesses will want to export their products as a part of extending their market. This will help gain foreign currency in the country.

4 0

3 years ago

Read 2 more answers

A tire manufacturer has recently discovered that numerous lots of tires

Ugo [173]

Answer:

A. The Manufacturer

Explanation:

A PEXXX

5 0

3 years ago

An ad agency creates two ads for a particular car. one stresses the car's safety and gas mileage; the other simply shows how fun

muminat

Answer:

Central, Peripheral

Explanation:

The advert is intended to highlight the pros of the particular car. However, the ad agency recognizes that to convince prospective buyers they must explore different options to persuasion. The car's safety and gas mileage are the Central Route. The driving fun is the Peripheral

3 0

4 years ago

Brewster's is considering a project with a life of 5 years and an initial cost of $120,000. The discount rate for the project is

PSYCHO15rus [73]

Answer:

Net present value 27.792‬

Explanation:

Sales 2.100 units x 20 net cash flow = $ 42,000 cash flow per year

Present value of the first three years:

$C \times \frac{1-(1+r)^{-time} }{rate} = PV\\$

C 42,000

time 3 years

discount rate: 0.12

$42000 \times \frac{1-(1+0.12)^{-3} }{0.12} = PV\\$

PV $100,876.9133

For year 4 and 5 we need to check for the expected cashflow

We will multiply each outcome by their probability:

1,400 units x $20 per unit x 0.5 chance = 14,000

2,500 units x $20 per unit x 0.5 chance = 25,000

expected return: 39,000

present value of these years:

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $39,000.0000

time 4 end of year 4th

rate 0.12

$\frac{39000}{(1 + 0.12)^{4} } = PV$

PV 24,785.21

$\frac{Maturity}{(1 + rate)^{time} } = PV$

Maturity $39,000.0000

time 5 end of year 5th

rate 0.12

$\frac{39000}{(1 + 0.12)^{5} } = PV$

PV 22,129.65

Net present value will be the present value of the cash flow less the investment.

100,877 + 24,785 + 22,130 - 120,000 = 27.792‬

7 0

4 years ago