Answer:
The carpenter earned an extra $ nothing in the first year.
$160
Explanation:
Loan 2000
% interest 12%
FV=C*(1+I)
FV=2000*(1+12%)
FV=2000*1,12
FV=2240
Loan = 2000
Interest=240
Earn=400
Extra earning=400-240
Extra earning=160
Answer:
$295,000
Explanation:
Cash flow from Operating Activities
Net Income $285,000
Adjustment for change in working capital :
Decrease in Accounts receivable $10,000
Net Cash Provided by Operating Activities $295,000
Explanation:
a) Maximizing output might not be the final goal of society, but it is a way of achieving a goal. Society can make a profit by maximizing output. Profit maximization is possible through output maximization. All of the individuals try to maximize their profit. Profit maximization can be done through output maximization. Profit maximization is the goal of a society.
Hence, maximizing output may not be the final goal of a society, but it is a way of achieving the final goal.