The correct answer is letter "E": find the idea for his business.
Explanation:
There are no set of steps or books that could determine when entrepreneurs could start a business or not. Most ventures are engaged by recognizing an opportunity and matching it with strengths individuals have that could make the plan work. Proper assessment and partnership are vital in this stage for the venture not to be affected by the initial challenges of entering into a market.
If Arnold has found he has an entrepreneurial spirit, then, he should spot different opportunities in the market for him to take one and develop a business idea.
To calculate the amount of money that Jim will have on the deposit in 7 years, we will have to calculate the future value of the deposited amount
Future Value(FV) = PV*(1+r)^n
PV = 12,000
r = 6% = 0.06
n = 7 years = 7
FV = 12000*(1+0.06)^7
FV = 12000*1.06^7
FV = 18,043.56
a. How much will jim have on deposit at the end of seven years - $18,043.56
Answer:
Partnership Deed
Explanation:
A Partnership Agreement is a contract between two or more business partners. The partners use the agreement to outline their rights responsibilities, and profit and loss distribution. The agreement also sets the general partnership rules, like withdrawals, capital contributions, and financial reporting.