Answer:
Investment period = 24 years
Explanation:
The total amount that an investment made today would become if invested at a particular rate for certain number of years is known as the future value.
The $1,200,000 is the desired future value, the $296, 375 is the present value and the 6% is the interest rate.
FV = PV × (1+r)^n
1,200,000 = 296,375 × (1.06)^(n)
(1.06)^(n) = 1200000/96,375
(1.06)^(n) =4.048924504
find the log of both sides
n log 1.06= log 4.048924504
n= log 4.048924504/log 1.06
n = 24
It will take 24 years
If Isaac is looking for a business angel, the best chance
that he may be able to find one and to know where to look is by having to
contact people that are involved with business associates, lawyers and even
accountants.
Is this supposed to be a multiple choice question? It is way fun to think about projects other people might be up to which carry outrageously high risk!
Restaurants are a common example -- there's a little bit of magic in whether a new restaurant will catch on and become popular.
Farming is pretty risky. You can do everything right and have a hail storm come and ruin the crops. That's why there are government programs and commodity markets that help farmers mitigate their risk -- because the rest of us who need to eat really need for people to be willing to farm!
Answer:
Explanation:
The expenses that Ryan can deduct for the business trips he had is calculated by summing up the expenses he had with regards to gasoline and the depreciation.
Cost of gasoline = (3,760 miles)($1,590/18,800 miles) = $318
Cost of depreciation = $4,800
Adding the costs will give us an answer of $5118.
Answer: $5,118
Answer:
<h2> particular. l.f. Dr. rs. Cr. rs. </h2>
I) bank a/c. 1,00,00.
to capital a/c. 1,00,00
( being business started with bank balance)
II) purchase a/c 40,000.
to bank a/c. 40,000
(being goods purchased on credit)
III) BANK A/C 20,000.
TO GOODS A/C 20,000
(BEING GOODS SOLD ON CREDIT)
IV) FURNITURE A/C. 60,000.
TO BANK A/C. 60,000
(BEING FURNITURE PURCHASED ON CREDIT)
V) BANK A/C. 10,000.
TO FURNITURE A/C 10,000
(BEING FURNITURE SOLD ON CREDIT)
HOPE IT HELPS IM ALSO NOT COMPLETELY PERFECT AT IT
