Answer:
Credit cards
Explanation:
Credit cards can allow for easy access to money. They can also be expensive if the balance is carried or they are overused.
Assets are items or properties that you own, and that are valuable to you. Liabilities are things that you have to pay for as a result of you using something. So, having that in mind, Quincy's liabilities are rent, student loan, and utilities, whereas his assets are cash, stocks, and jewelry.
He gets cash when he finishes his work, he gets money from stocks, and he has his jewelry that he either bought or got as a gift that he can sell for money.
Answer:
Common ownership, shared profits, and losses, and right to participate in management.
Explanation:
Partnership can be defined as a type of business arrangement between two or more persons. These individuals participate in the management of the business and also share the profits.
General partnership can be defined as an agreement between two or more individuals to participate jointly in the day to day management of the organisation. General partnership are easy and less expensive to establish. The financial responsibility of the business is shared equally among the partners.
Answer:
Internal Rate of Return (IRR) = 10%
Explanation:
The computation of IRR for the new production system is shown below:-
PV factor for Internal Rate of Return = Investment cost ÷ Annual net cash savings
PV factor for Internal Rate of Return = $4,607,200 ÷ $800,000
= 5.759
The PV factor 5.759 in Present value of a Annuity of $1 table for 9 years is closest to 10%
Internal Rate of Return (IRR) = 10%
