Answer:
10000 before inflation, 10833 after inflation
Explanation:
P = 500000
1 = 10%
Interest calculated = 500000x0.1
= $50000
20%x50000 = $10000
Rate of inflation = (130-120)/120 = 0.833
0.833x100%
= 8.333%
What has to be paid to government
= 10000+(8.333*10000)
= 10833
Before inflation, you owe $10000
After inflation you owe $10833
Total assets: $3,450
Total liabilities and equity: $3,450
Explanation:
Cash: $2635
Equipment: $815
Total assets: $3,450
Accounts Payable: $185
Owner's Equity: $3,450 - $185 = $3,265
Total liabilities and equity: $3,450
Answer: Special endorsement
There are three types of check endorsement: blank, restrictive and special.
Joe smith received a check as payment for his car sold and decided to negotiate it to his aunt to whom she owe money. It is an example of special endorsement.
As demand for a specific product goes higher up for prices, consumers (the people who buy things) would be willing to pay more for an item.
Answer:
False
Explanation:
Angel Investors are investors who invest in new start-ups in order to help them get moving and be able to advance with their goals and visions for the business. They do this in exchange for an ownership equity of the startup that they are investing in. This being the case, since Ted wants to exercise sole ownership and control over the firm for as long as possible, it can be said that it will not be easy to find Angel investors willing to help him meet his financial needs.
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