Miguel invests $15,000 in a small business venture that generates $350/month in profit for the first year. What is his return on investment?
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- What lump sum do parents need to deposit in an account earning 10%, compounded monthly, so that it will grow to $90,000 for their son's college fund in 11 years? (Round your answer to the nearest cent.) $Mark makes $82,420 per year and pays about 23% of his gross monthly income in federal and state taxes. He wants to find an apartment to rent. Estimate how much he can afford to pay for rent each month. Then determine how much money he will have after taxes and rent are paidJules deposits $70 each month into a 4010d savings account paying 3.59% annually, and her employer matches 50%. After 43 years, she'll have $128.646.55 in her account. How much more is in the account than what Jules invested? Type your answer...
- Can you solve this financial accounting problem with appropriate steps and explanations?Kerry invests $234 in a savings account that earns 2.1% compounded annually. Andy invests $234 in a savings account that earns 4% compounded annually. How much is in each of their accounts after 10 years and after 20 years?Gomez runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent of $5,000 for his shop, and spends $20,000 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could earn him$4,000 per year if alternatively invested. He has been offered $15,000 per year to work as a potter for a competitor. He estimates his entrepreneurial talents are worth $3,000 per year. Total annual revenue from pottery sales is $72,000. Calculate the accounting profit and the economic profit for Gomez’s pottery firm. d. How much is the total implicit cost? (Use a whole number, no currency, no comma, no space) e. How much is the economic profit? (Use a whole number, no currency, no comma, no space)
- Shayla invests $3000 for 8 months in an account that earns 7.7% interest per year. What amount will Shayla receive when the investment matures? a) $3154 b) $154 c) $5217.6 d) $2846Stuart daniels estimates that he will need $22,000 to set up small business in 8 years. a) how much ( in $) must stuart invest now at 8% interest compound quartely to achieve his goal ? b) how much compound interest ( in $) will he earn on the investment.On January 1 of the current year, Scott borrows $80,000, pledging the assets of his business as collateral. He immediately deposits the money in an interest-bearing checking account. Scott already had $20,000 in this account. On April 1, Scott invests $75,000 in a limited real estate partnership. On July 1, he buys a new ski boat for $12,000. On August 1, he makes a $10,000 capital contribution to his unincorporated business. Scott repays $50,000 of the loan on November 30 of the current year. Requirement Classify Scott's interest expense for the year. (Enter the dates in chronological order. Round the percentages to two decimal places (XX.XX%). If an input field is not used in the table leave the input field empty; do not select a label or enter a zero.) From Το Category of interest Percentage % % % % % % % do do do do do do do do
- Mark and John started investing at the same time. Mark makes payments of $20 at the end of each week into an investment that earns 6.25% compounded weekly. John made a single deposit into an investment that earns 6.25% compounded annually. a) At the end of 3 years, what is the future value of Mark's investment? b) John's investment has the same future value as Andy's in 3 years. How much principal did John invest?Carlos opens a dry cleaning store during the year. He invests 30,000 of his own money and borrows 60,000 from a local bank. He uses 40,000 of the loan to buy a building and the remaining 20,000 for equipment. During the first year, the store has a loss of 24,000. How much of the loss can Carlos deduct if the loan from the bank is nonrecourse? How much does Carlos have at risk at the end of the first year?Gomez runs a small pottery firm. He hires one helper at $15,500 per year, pays annual rent of $5,500 for his shop, and spends $21,000 per year on materials. He has $40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could earn him $6,500 per year if alternatively invested. He has been offered $20,500 per year to work as a potter for a competitor. He estimates his entrepreneurial talents are worth $7,000 per year. Total annual revenue from pottery sales is $87,000. Instructions: Enter your answers as whole numbers. a. Calculate the accounting profit for Gomez's pottery firm. b. Now calculate Gomez's economic profit. Prev 1 of 11 Next >
