Seen as it may be 1 of there first jobs you can pay them less because they don't have as much experience as someone has has worked in the job for years
Answer:
(1) Payback period is 4.588 years or 4 years and 215 days
(2) 5.13%
Explanation:
(1)
Payback period is the time period in which Initial Investment made in the project is recovered in the form of cash inflows.
Payback period = Initial Investment / Annual net cash flow
Payback period = $390,000 / $85,000 = 4.588 years = 4 years and 215 days
(2)
As per given data
Net Income = $20,000
Initial Investment = $390,000
Annual rate of return is the ration of net income to the investment made in the project.
Annual rate of return = Annual net Income / Initial Investment
Annual rate of return = ($20,000 / $390,000) x 100 = 5.13%
The other inspiring realizations that helped Andrew Feld to come up with the idea for his startup, Fresh Patch, were as follows:
- <u>Idea:</u> His pet gave him some idea that he could build a patch bathroom to enable his dog to ease whenever nature comes calling. When he tried it out with the dog and saw the success, he engaged his need for income to start marketing the product to others.
- <u>Necessity:</u> Since he was unemployed with a pregnant wife, he realized that he could do something with his time. This made him to try the bathroom for dogs idea that his pet needed. He needed some income to cater for his family.
- <u>A Big Vision:</u> The other realization is that the first year could be tough and will-breaking. Then, he also realized that a big vision could be realized if one works hard at it.
Thus, these realizations greatly helped Andrew Feld for his startup, Fresh Patch.
Read more about inspiring ideas for business startups at brainly.com/question/11671311
The population helped by the United States Supreme Court during the case of Avery v. Midland county. It was said in the case that "<span> local government districts had to be roughly equal in population." Furthermore, it implemented the "one person, one vote" policy in each country included.</span>
