Business, 21.12.2020 22:50, pinolena64
Greg, a landscaper, is planning on opening his own landscaping company. He currently earns $30,000 per year working for his uncle but he will need to quit that job. He hires one employee at an annual wage of $18,000. He needs to pay rent of $6,000 a year. He plans to use $12,000 in savings to pay for the equipment he needs, the market value of the equipment at the end of the year is $10,000. Also, he needs to buy $2,000 of goods and services from other firms. The current interest rate on savings is 6 percent. Greg predicts that the revenue from the new landscaping company is $55,000 a year. What is total opportunity cost incurred by Greg in running his own business
Answers: 3
Business, 22.06.2019 18:00, HistoryLee
1. what is the amount of interest earned after two years on a $100 deposit paying 4 percent simple interest annually? $8.00 $4.08 $8.16 $4.00 2. what is the amount of compound interest earned after three years on a $100 deposit paying 8 percent interest annually? $24.00 $8.00 $16.64 $25.97 3. a business just took out a loan for $100,000 at 10% interest. if the business pays the loan off in three months, how much did the business pay in interest? $2,500.00 $10.00 $250.00 $10,000.00 4. what is the annual percentage yield (apy) for a deposit paying 5 percent interest with monthly compounding? 5.00% 5.12% 79.59% 0.42%
Answers: 1
Greg, a landscaper, is planning on opening his own landscaping company. He currently earns $30,000 p...
Mathematics, 10.03.2020 07:36
Mathematics, 10.03.2020 07:36
Mathematics, 10.03.2020 07:36