Answer:
Explanation:
aerospace engineering company borrowed $100,000 from the bank to get their company started. The company promised to pay a monthly payment of $500 to pay off the loan. The company could potentially turn profits of $20,000 a month. How long will it take the company to make $200000?
Amount borrowed = $100,000
Monthly repayment = $500
Monthly profit = $20,000
How long it'll take company to make $200,000
Since the company pays back $500 monthly, then net profit per month will be :
$20,000 - $500 = $19500
How long it'll take to make $200,000
Projected profit / net profit per month
$200,000 / $19500
= 10.256410
= about 10 months
A person using an electric scooter may not be refused a ride if the scoots fits the ADA defineed evelope for securement. The statement given is true because, the ADA defined envelope for securement has only rules for the three wheel or more electric devices.
