New technologies are allowing more women and young people to start businesses. This is mainly because

g The length of time a firm must wait to recoup, in present value terms, the money it has invested in a project is referred to a

Lorico [155]

payback period is the length of time a firm must wait so as to recover the money it has invested in a project.

Payback period is the length of time it takes a company to recover the money spent on a project.

The payback period can also defined as the period taken for an investor to reach break even. That is it is the period taken for the revenue to equal to the cost of executing a project.

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7 0

2 years ago

What is your idea of success?

horsena [70]

<u>the accomplishment of one's goals and hard work .</u>

5 0

3 years ago

Read 2 more answers

Managerial accounting is an activity that helps managers determine costs of products and services, plan future activities, and c

Elenna [48]

Answer:

True.

Explanation:

Managerial accounting involves managers using accounting information to better inform themselves before making business decisions. It involves analysing, interpreting and communicating financial data to managers to aid in achievement of organisation's goals.

Managerial accounting is for internal use in the business. Data is modified to meet specific need of the end-user. For example a manager may want to see sales figures for a quarter compared to business target. This will give an idea if the business is meeting it's objectives.

4 0

3 years ago

Aerotron Electronics has just bought a used delivery truck for $15,000. The small business paid $1,000 down and financed the res

dimaraw [331]

Answer:

Nominal interest rate = 12.23%

Explanation:

Given - Aerotron Electronics has just bought a used delivery truck for

$15,000. The small business paid $1,000 down and financed the

rest, with the agreement to pay nothing for the entire first year and

then to pay $526.83 at the end of each month over years 2, 3, and

4 (first payment is in 13th month).

To find - a. What nominal interest rate is Aerotron paying on the loan.

Proof -

As given ,

Price - $15,000

Down Payment - $1,000

⇒Loan Payment = $15,000 - $1,000

As given,

He will not pay for the entire first year. After that he will pay $526.83 for next 3 years.

Now,

Interest rate for 1 month = r %

So,

Loan after 1 year = 14,000( 1 + r)¹²

And

Annuity factor = $\frac{1}{r} - \frac{1}{r}. \frac{1}{(1+r)^{t} }$

and t = 3 years = 36 months

Now,

As we know,

Monthly loan payment = $\frac{Loan amount}{Annuity factor}$

⇒$526.83 = 14,000( 1 + r)¹² / $\frac{1}{r} - \frac{1}{r}. \frac{1}{(1+r)^{t} }$

By solving we get

r = 1.019%

Now,

Nominal interest rate = 1.019%×12 = 12.23%

7 0

3 years ago

1. An engineer in 1950 was earning $6,000 a year. Today she earns $60,000 a year. However, on average goods today cost 6.6 times

vivado [14]

The engineer's real income today in terms of constant 1950 dollars is $14,400.

<h3>What is the real income?</h3>

Real income ls nominal income less inflation rate. Inflation rate is when there is a persistent rise in the general price levels of a country.

Real income = nominal income - inflation

Inflation = (1 + 6.6) x $6000 = $45,600

Real income = $60,000 - $45,600 = $14,400

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7 0

2 years ago