Explanation:
1. Buy insurance: Though insurance is an expenses, it safe guards you and yours business from huge loss.
2. Income from multiple sources: Always do not depend on single income. Make sure that income comes from multiple sources so that you can make your business alive.
3. Have a savings: Entrepreneurs should save money as how much as they can. We cannot know when there will be a profit and when there is a loss. We can only forecast to a particular extent.
4. Limits on Loan: Keep your loans manageable: Do not step into huge loans where it will be difficult for you to manage when there is a sudden lose.
Answer:
FV= $1,246,723.8
Explanation:
<u>To calculate the future value of this growing annuity, we need to use the following formula:</u>
FV= A*{[(1+i)^n - (1+g)^n] / (i-g)}
A= annual deposit= 55,000*0.12= 6,600
i= 0.05
g=0.03
n= 40 years
FV= 6,600* {[(1.05^40) - (1.03^40)] / (0.05 - 0.03)}
FV= $1,246,723.8
Answer:Technological advancements.
Explanation: Technological advancement is the overall improvement in the Manufacturing, Organisation, coordinating and use of technology in order to meet the growing needs of Man. Technological advancements can be in different fields such Medical,trade/commerce, Manufacturing etc.
THE ABILITY OF THE GERMAN BREWERY BEING ABLE TO ORDER STATIONERIES FROM ENGLAND USING AN ONLINE FORM IS AN EXAMPLE OF TECHNOLOGICAL ADVANCEMENT.
