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3 years ago

How is a franchise different from a partnership?

1 answer:

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- A franchise allows owners to be their own boss however they must still follow the rules and regulations and procedures of the franchise. In most franchises the owner must pay a large sum of money to buy into the franchise and share profits or pay royalties to the franchisor based on sales, not profits.

- In a partnership, two or more people pool their money and credit to start the business.

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Janet Home went to Citizen Bank. She borrowed $7,000 at a rate of 8%. The date of the loan was September 20. Janet hoped to repa

coldgirl [10]

Answer:

The interest is $189.78

Explanation:

The computation of the interest on January 20 is shown below:

= Principal × interest rate × number of days ÷ total number of days in a year

= $7,000 × 8% × 122 days ÷ 360 days

= $7,000 × 8% × 0.338

= $189.78

The 122 days are calculated below:

September - 10 days

October - 31 days

November - 30 days

December - 31 days

January - 20 days

Total - 122 days

And we assume the 360 days in a year

8 0

3 years ago

Your job pays you only once a year for all the work you did over the previous 12 months. Today, December 31, you just received y

3241004551 [841]

Answer:

$1,924,410.40

Explanation:

Calculation to determine How much money will you have on the date of your retirement 40 years from today

First step is to calculate Next year’s salary

Next year’s salary = $72,500 (1 + ..037)

Next year’s salary = $75,182.50

Second step is to calculate Next year’s deposit

Next year’s deposit = $75,182.50(.05)

Next year’s deposit = $3,759.13

Third step is to find the Present Value (PV) using this formula

PV = C{[1 / (r– g)] – [1 / (r– g)] × [(1 + g) / (1 + r)]^t}

Let plug in the formula

PV = $3,759.13{[1 / (.09 – .037)] – [1 / (.09 – .037)] × [(1 + .037) / (1 + .09)]^40}

PV = $61,268.57

Now let find the Future value (FV) using this formula

FV = PV(1 + r)^t

Let plug in the formula

FV = $61,268.57(1 + .09)^40

FV = $1,924,410.40

Therefore How much money will you have on the date of your retirement 40 years from today is $1,924,410.40

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3 years ago

1. Eric is a draftsman who designs house plans for a large construction company. The pathway in the architecture and constructio

Otrada [13]

Answer: A. Design/ pre construction.

Explanation:

Architecture is the profession in charge of the design, projection, and construction of structures, such as houses or buildings, focusing on aesthetics and harmony of constructions. This career is very similar to civil engineering but differs in the fact that architecture focuses on design and engineering on construction.

In this case, Erick works on design or preconstruction, that is, drawing the plans of the houses that the structure for which he works is going to build. This is the first step in the construction process.

<em>I hope this information can help you.</em>

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3 years ago

Each of Professor A and Professor B at UTD has a private secretary, who can type four letters per hour. The letters are generate

nydimaria [60]

Answer:

Average waiting time = 7.5 minutes

Explanation:

UTD private secretary can type the number of letters = 4 per hour by each.

By professor, the letter generated = 3 per hour by each

Thus by pooling the average time will be the time that comes by dividing the one hour with total letters in an hour.

Use the below formula:

Average waiting time = Minutes in one hour / total letters

Average waiting time = 60 / 8

Average waiting time = 7.5 minutes

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3 years ago

Depreciation for a tax-paying firm:_________.

r-ruslan [8.4K]

Answer: a) increases expenses and lowers taxes.

Explanation:

Depreciation accounts for the wear and tear in fixed assets over their period of use. It is accounted for every period in the Income Statement as an expense which means that its addition increases the business's expenses.

It does that the advantage of being tax deductible however. This then means that it can be subtracted from Net Income for tax purposes. When that is done, it will reduce the Net Income thereby reducing the amount of taxes that can be charged on the company.

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3 years ago