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Oduvanchick [21]
3 years ago
9

Profit is best described as Multiple Choice revenues plus expenses, less taxes. the funds available for business growth, after e

xpenses and salaries are paid. the sales dollars that a business acquires, over time. the owner's annual sala
Business
1 answer:
Rudik [331]3 years ago
8 0

Answer:

the funds available for business growth, after expenses and salaries are paid.

Explanation:

Mainly profit is the earnings that calculated after paying all the types of expenses and it could be used for growing the business

So according to the given options the second one is correct as it represent that the profit is the fund that available for the growth of the business after pay off all the expenses

So the same is to be relevant

You might be interested in
​Alice, Betty, and Cathy are interested in forming a business venture. Alice is quite wealthy and is ready to contribute money t
jolli1 [7]

Answer:

I agree with that, because all of them have good bussiness ideas.

5 0
3 years ago
Live Forever Life Insurance Co. is selling a perpetuity contract that pays $1,500 monthly. The contract currently sells for $115
Varvara68 [4.7K]

Answer:

1.3%

Explanation:

To find the monthly return , the formula is =

Interest payment/ present value

$15,000 / $115,000 = 0.013043 = 1.3%

I hope my answer helps you

5 0
3 years ago
Tan Company acquires a new machine (ten-year property) on January 15, 2017, at a cost of $200,000. Tan also acquires another new
IgorLugansk [536]

Answer:

b. $25,716

Explanation:

The total cost recovery Deduction is:

10-year property  

MACRS cost recovery ($200,000×0.10)                          $20,000

7-year property  

MACRS cost recovery ($40,000×0.1429)                         $5,716

Total cost recovery                                                      $25,716

Therefore, The total deductions in calculating taxable income related to the machines for 2017 is $25,716.

4 0
3 years ago
By moving to Italy to work closely with fabric creators, Geoffrey B. Small is working to achieve:________
Ber [7]

Answer:

The right approach is Option b (supply chain integration).

Explanation:

  • The integrated supply chain seems to be a large-scale organization strategic approach that brings however many chain features as possible into some kind of relatively close professional relationship amongst one another.
  • The purpose is to promote responsiveness, manufacturing cost, but instead focused on waste reduction. Every connection throughout the chain advantages.

All three of those certain decisions are not linked to the example in the case given. So, option b is right.

5 0
3 years ago
Using the appropriate present value table and assuming a 12% annual interest rate, determine the present value on December 31, 2
Virty [35]

Answer:

1. Present value on December 31, 2018 = $18,023.88

2. Present value on December 31, 2018 = $20,186.75

3. Present value on December 31, 2018 = $17,780.59

Explanation:

1. The first payment is received on December 31, 2019, and interest is compounded annually.

This is an example of ordinary annuity. Therefore, the present value on December 31, 2018 can be calculated using the formula for calculating the present value of an ordinary annuity as follows:

PV = P * ((1 - (1 / (1 + r))^n) / r) …………………………………. (1)

Where;

PV = present value on December 31, 2018 = ?

P = Annual annuity = $5,000

r = Annual interest rate = 12%, or 0.12

n = number of years = 5

Substitute the values into equation (1), we have:

PV = $5,000 * ((1 - (1 / (1 + 0.12))^5) / 0.12)

PV = $5,000 * 3.60477620234501

PV = $18,023.88

2. The first payment is received on December 31, 2018, and interest is compounded annually.

This is an example of annuity due. Therefore, the present value on December 31, 2018 can be calculated using the formula for calculating the present value of an annuity due as follows:

PV = P * ((1 - [1 / (1+r))^n) / r) * (1+r) .................................. (2)

Where;

Where;

PV = present value on December 31, 2018 = ?

P = Annual annuity = $5,000

r = Annual interest rate = 12%, or 0.12

n = number of years = 5

Substitute the values into equation (1), we have:

PV = $5,000 * ((1 - [1 / (1+0.12))^5) / 0.12) * (1+0.12)

PV = $5,000 * 3.60477620234501 * 1.12

PV = $5,000 * 4.03734934662641

PV = $20,186.75

3. The first payment is received on December 31, 2019, and interest is compounded quarterly.

Note: See the calculation of the present value on December 31, 2018 in the attached excel file.

This is also an example of ordinary annuity.

In the attached excel file, the following formula is used:

Discounting factor = 1 / (1 + r)^n .............. (1)

Where;

r = Quarterly interest rate = Annual interest rate / Number of quarters in a year = 12% / 4 = 0.12 / 4 = 0.03

n = number of quarters = number of years * Number of quarters in a year

From the attached excel file, we have:

Present value on December 31, 2018 = Total present value = $17,780.59

Download xlsx
4 0
2 years ago
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