Answer:
Strength: It provided a faster way of travel
Weakness: It took forever and required a lot of manpower
Explanation:
Answer:
A partnership is easy and inexpensive to establish
the business benefits from pooled knowledge and skills of different partners
the workload is shared
more partners can be added,which could help increase capital
partnerships are not compelled by law to complete audits on financial statements
Explanation:
Answer:
It is $18,290.24
Explanation:
Profit after Tax (65%) = addition to retained earnings+dividend paid
= $411 + $285
= $ 696
Profit before Tax = [100/65] * $ 696
= $1070.76
Tax (35%) = 35% * $1070.76
= $374.77
Gross Profit = Profit before tax + Total expenses
= $1070.76 + [ $4,370+ $103+ $812]
= $6355.76
Cost of Sales= $24,646 -$6355.76
= $18,290.24 .
Note
-Dividend is paid is paid from profit after tax
Answer:
d. not selected option d copyright
Answer:
$1510.28
Explanation:
The monthly on the purchase of new sports car can be computed using the pmt excel function as shown below:
=pmt(rate,nper,-pv,fv)
rate is APR of 7.15% expressed in monthly terms i.e 7.15%/12
nper is the number of months that payments would last i.e 60 months
pv is the cost of the new sports car i.e $76000
fv is the balance owed after the 60th payment i.e $0
=pmt(7.15%/12,60,-76000,0)=$1510.28
