Ana and 9 of her friends how are all dog lovers would like to start an online store. The online store will sell pet care products for cats and dogs. Ana and her friends contributed a total of Php1,000,000.00 as capital. The total capital needed for the online store is Php1,500,000.00. Ana and her friends could no longer source additional funding from their family and friends. Ana and her friends would require additional Php500,000.00 capital to start their business venture. Discuss the advantages and disadvantages if Ana would form a partnership, corporation and cooperative? What form of business organization would you recommend to Ana ?
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- Imagine you are a philanthropist who would like to donate to a charity that provides shelter and assistance to homeless individuals. You would like to donate enough money to the charity to ensure that they can provide shelter for 13 homeless individuals every year in perpetuity. The cost of providing shelter per individual is $140 per day. If your investment fund pays a return of 2% per year, how much do you need to donate to the charity now soCarry and her husband Troy are planning to buy their first home this summer. They each of $50,000 in RRSPs saved up ($100,000 total). What would you recommend they use to help purchase their home? What is the maximum amount that each of them can contribute using this option only? Format: positive numbers as 100,000.00, negative numbers as (100,000.00)You have inherited $1,000,000 from a very distant relative! However, they have certain guidelines you MUST follow when spending the money. -25% of your inheritance must be donated to a non-profit charity of your choice. - You must purchase a home using between 15% and 40% of your inheritance. - You have to purchase yourself a reliable vehicle with no more than 5% of the $1,000,000. - You MUST go to college. 10% of your inheritance must be set aside for your education. - You must take your family on a vacation. This vacation can cost no more than 1% of your $1,000,000. - You must put 12% of your inheritance in a savings account. After all of these requirements have been met, you may spend the remainder of the money any way you choose!! Spend your money wisely and keep track of each transaction so you know how much you have remaining to spend your way.
- Imagine you are a philanthropist who would like to donate to a charity that provides shelter and assistance to homeless individuals. You would like to donate enough money to the charity to ensure that they can provide shelter for 12 homeless individuals every year in perpetuity. The cost of providing shelter per individual is $60 per day. If your investment fund pays a return of 2% per year, how much do you need to donate to the charity now so that they can provide shelter for 1200 individuals every day in perpetuity? Enter your answer to the nearest cent (two decimal places)I. Pielago is in need of funds for the next 3 months. She badly needed P30,000,000 in cash because of an emergency. Pielago looked for the list of her family’s property and found a land which costs P50,000,000 and has a fair market value of P65,000,000. What do you think is the best money market security that suits Pielago’s case? II. If Pielago on the other hand is not a user of the fund but a surplus unit, what do you think is the most suitable money market security she must invest in, considering the fact that she has P55 Trillion excess funds.Pielago is in need of funds for the next 3 months. She badly needed P30,000,000 in cash because of an emergency. Pielago looked for the list of her family’s property and found a land which costs P50,000,000 and has a fair market value of P65,000,000. What do you think is the best money market security that suits Pielago’s case?
- Mina, who is single, would like to contribute $6,000 to her Roth IRA. Her AGI is $130,000. What is the maximum amount that Mina can contribute? Show your answer in Microsoft Excel.The CPALE was able to push through after several postponements due to COVID-19. Inday, who really studied hard, who prayed a lot and who never wavered in her belief of becoming a CPA, finally became one. Nicanor, Inday’s father, recognized all her efforts and sacrifices and rewarded her with a brand-new car amounting to Php 2 Million. Naturally, Inday accepted the car. How much is the donor’s tax payable? Php 0 Php 105,000 Php 120,000 Php 107,500Deb and Rusty have just gotten married and wish to buy a home. They both work in Boston and have a combined income of $90,000. They found a modest starter house which they are buying for $350,000. 1. They plan to use their $40,000 is savings to cover the closing costs the bank will charge them, which are 1% of the amount they borrow from the bank. The rest of the savings will be used as a down payment. Determine the largest amount they can use for a down payment and still pay the closing costs. 2. Using the amount Deb and Rusty have to borrow from part 1, open Excel and create a 20-year amortization schedule, giving monthly payments for the amount they borrowed at a 4.5% annual interest rate. You must use the pmt function in Excel to compute the monthly payment. Title this worksheet Amortization. For your answer to this question write “See Excel Workbook”. 3. Use the amortization schedule to compute the total amount of interest they will pay to the bank over the 20 years. 4. Create a…
- Deb and Rusty have just gotten married and wish to buy a home. They both work in Boston and have a combined income of $90,000. They found a modest starter house which they are buying for $350,000.1. They plan to use their $40,000 is savings to cover the closing costs the bank will charge them, which are 1% of the amount they borrow from the bank. The rest of the savings will be used as a down payment. For example, if they borrow $330,000 using $20,000 for a down payment, the closing costs will be $3,300, which still leaves them some savings. Determine the largest amount they can use for a down payment and still pay the closing costs.Zenia won a raffle prize worth ₱30M, she decided to give it away to her 2 friends. Her best friend will receive twice the amount of her other friend. How much will each of her friend receive?Your parents have accumulated a $120,000 nest egg. They have been planning to use this money to pay college costs to be incurred by you and your sister, Courtney. However, Courtney has decided to forgo college and start a nail salon. Your parents are giving Courtney $15,000 to help her get started, and they have decided to take year-end vacations costing $10,000 per year for the next four years. How much money will your parents have at the end of four years to help you with graduate school? You plan to work on a master’s and perhaps a PhD. If graduate school costs $26,353 per year, approximately how long will you be able to stay in school based on these funds? Use 9 percent as the appropriate interest rate throughout this problem. Round all values to whole numbers Flag question: Question 6 Question 64.5 pts What are the funds available after the Nail Salon? Group of answer choices $100,000 $105,000 $72,000 $98,500 Flag question: Question 7 Question 74.5…