Granval thinks a partnership will reduce his personal financial responsibility. this is true only if Granval is not a general partner.
General partnership is a type of business agreement which is made between two or more individuals who agree to share all the assets, profits as well as liabilities of the business.
Because of the simplicity and tax benefits in the general partnership, a general partnership is one of the most common legal business entities.
However, it's very important to consider that each partner is personally responsible for the business, including debts and lawsuits, and is held liable for the actions of their partners.
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My balance had to go up $30, since my current balance was $15,300 and the interest rate of 18% or 1.5% per month when I payed $200 this month.
System revolving around the production, distribution, and consumption of goods and services.
An economic system encompasses all of the production, distribution, and consumption within a society of goods and services. This definition is the most inclusive and holistic, whereas the other definitions describe part of an economic system, or another aspect of our socio-political and economic structures.
Explanation:
When I think about the term marketing mix, I think about a set of tools that firms use to increase their profits such as price, product, promotion and place.
Answer:
Total FV= $2,555,406.98
Explanation:
Giving the following information:
Investment 1:
Monthly deposit= $300
Number of months= 12*45= 540
Interest rate= 0.09/21= 0.0075
Investment 2:
Monthly deposit= $500
Number of months= 12*20= 240
Interest rate= 0.09/21= 0.0075
To calculate the future value, we need to use the following formula on each investment. <u>I separated into two to simplify calculations.</u>
FV= {A*[(1+i)^n-1]}/i
A= monthly deposit
<u>Investment 1:</u>
FV= {300*[(1.0075^540) - 1]} / 0.0075
FV= $2,221,463.54
<u>Investment 2:</u>
FV= {500*[(1.0075^240) - 1]} / 0.0075
FV= $333,943.44
Total FV= $2,555,406.98
