1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Stels [109]
2 years ago
11

Pam runs a hot dog cart at the sports stadium. Will has no​ skills, no job​ experience, and no alternative employment. Entrepren

eurs in the hot dog cart business earn ​$16 comma 000 a year. Will pays the rent of ​$500 a​ year, and his total revenue is ​$21 comma 000 a year. He borrowed ​$500 at 15 percent a year to buy equipment. At the end of one​ year, Will was offered ​$300 for his business and all its equipment.
Business
1 answer:
DochEvi [55]2 years ago
4 0

Answer:

rate of return of fund = 3.66%

Explanation:

start = 327/23 = 14.22

end = 349/29 = 12.04

distributions = 1.5 + 1.2 = 2.7

rate of return of fund = 12.04-14.22 +2.7 / 14.22

= 3.66%

You might be interested in
You have $11,000 and will invest the money at an interest rate of .33 percent per month until the account is worth $17,200. How
Diano4ka-milaya [45]

Answer:

1.5 years

Explanation:

The number of years for reaching the target value, it will be computed using the excel formula which is as:

=Nper(Rate,pmt,pv,fv,type)

where

nper is number of years

rate is 33%

Pmt is monthly payment which is $0

pv is present value which is -$11,000

fv is future value which is $17,200

type is 0

So, putting the values above:

=Nper(33%,0,-11000,17200,0)

=1.5 years

Therefore, the number of years it will take to reach the amount of $17,200 from investing $11,000 today is 1.5 years.

4 0
3 years ago
Salvatore and Annette are sales managers for Acme USA. Both work full-time in the Acme offices under the same manager, and share
harina [27]

Answer:

<em>A</em>

Explanation:

Acme classified Annette as an independent contractor and as such, isn't entitled to certain benefits as compared to Salvatore that was hired as an employee. A contracting staff's timing and work benefits are always limited in comparison to that of an actual employee.

6 0
3 years ago
Read 2 more answers
On January 1, Year 1, Michael sold a property with a remaining useful life of 20 years to Wei Co. for $800,000. On the same date
dezoksy [38]

Answer:

The section of the Accounting Standards Codification that best helps Michael Co. to determine how the initial proceeds of $800,000 received from Wei Co. (buyer-lessor) are recognized is:

ASC 606.

Explanation:

This section that will help Michael Co. to determine if the transaction qualifies as a sale, which is treated under ASC 606, Revenues from Contracts with Customers.  Thereafter, the lease classification criteria in ASC 842 are evaluated.  After the evaluation, if none of the criteria from ASC 842 are met to account for the lease as a finance or capital lease, the seller-lessee would classify the lease as an operating lease.  This implies that the transaction qualifies as a sale and leaseback transaction.

5 0
2 years ago
If you bought Nike stock for $76 a share and sold them for $100 per share, your profit was
Ivan

$24 per share, because if you bought it for $76 and sold it for $100 you gained $24


3 0
3 years ago
For each of the following transactions for , state whether the total effect of the transaction results in an increase, decrease,
astraxan [27]

Answer:

It will increase the assets,equity and net income but decrease the liabilities

5 0
3 years ago
Other questions:
  • Management of Plascencia Corporation is considering whether to purchase a new model 370 machine costing $512,000 or a new model
    5·1 answer
  • Which of the following describes one of the pillars of Wikipedia?
    11·2 answers
  • What is the New York Stock Exchange? A. The world's largest exchange for trading stocks and other securities B. An indicator of
    13·2 answers
  • Please explain the basic assumptions of Solow-Swan model of growth.
    10·1 answer
  • List at least three examples of capital as a factor of production, and explain how it is different from land.
    14·1 answer
  • Which 3 statements regarding Bank Rules are true? (Select all that apply)
    11·1 answer
  • I am not sure what to put on each line. I need help
    15·1 answer
  • Which of the following can be an advantage of a limited liability company over an S corporation? a. Double taxation of profits i
    10·2 answers
  • Hillary enters into a shipment contract with a dress manufacturer for fifty red dresses. The dress manufacturer sends fifty blue
    11·1 answer
  • Can policy market interventions cause consumer or producer surplus.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!