Caitlin, Tiffany, and Nicholas invested a total of $540,000 in the ratio of 8 : 6 : 4 to start a business. Two months later, each of them invested an additional $50,000 into the business. Calculate their new investment ratio after the additional investment.
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- TWO PARTNERS ARE STARTING A WEDDING PLANNING BUSINESS. THE TOTAL INVESTMENT IS $45,000. THEIR INVESTMENTS ARE IN THE RATIO 4:5. HOW MUCH DOES EACH INVESTOR CONTRIBUTE?Tom and Davidson go into business together as a partnership selling computer software through the Internet. On January 1 they each put $6,000 as capital and this goes into their local bank account for the company. They bought computer equipment for $10,000 in which they paid by check and set up for business in Davidson's dad's basement. The cost of computer equipment will be amortized over the next three years with a disposable value of $1000. Davidson's dad has agreed to let them operate out of his basement if they pay him a rent of 10% of their annual profit or $1,200 per year whichever is greater. At the end of the first month of business, they have made no sales and incurred no expenses other than the amortization rate of the computer equipment and the rent which is owed to Davidson's dad. At the end of January, what is the accounting equation (assets, liabilities and equity)Sally and Andy are partners in Just Hats, LLC. Andy works in the business for an agreed salary draw of $4,000 per month. Sally has invested $200,000 in the business and Andy invested $100,000. THe net income of the business is $168,000 for the year. Income is distributed based on the investment of each partner after allocation for salary. How much net income is allocated to Sally?
- Penelope earned P25,000 from her summer job and invested all of it into three business ventures: A, B, and C. After one year, she received a total of P1,620 in simple interest from the three ventures. It was found out that she earned 6% from Venture A for that year. Meanwhile, Venture B paid 7%, and Venture 3 paid 8%. She invested P6,000 more invested in B than in Venture C. Using the augmented matrix obtained from the previous number, perform Gaussian elimination (Upper triangular matrix) to solve for the amount invested in A,B,C. Fill in the matrix below (answer in fractional form): Venture A Venture B 0 Venture CAndrew and Emma Garfield invested $7,700 in a savings account paying 8% annual interest when their daughter, Angela, was born. They also deposited $1,400 on each of her birthdays until she was 15 (including her 15th birthday).How much was in the savings account on her 15th birthday (after the last deposit)?Mrs Galicia gave her sisters $3000 each to invest. The investment will last 8 years. The table shows what each sister did with their investment and how it changed over 8 years. Use the chart to answer the following questions please 1. What is the balance of Michelle's $3000 after 8 years? 2. What is the balance of Kristen's $3000 after 8 years? 3. What is the balance of Gabriella's $3000 after 8 years? 4. What is the balance of Judy's $3000 after 8 years? 5. Who has the most money at the end of the 8 years? If i were to choose one of the options to use for my own money, which option should I choose?
- Dean and his sister decide to begin a gardening business and will need $4000. To do so, Dean invests $800 compounded quarterly at 10% and Susan invests $1000 compounded semi-annually at 8%. How many years will it take them to accumulate the money needed for the business?Twins graduate from college together and start their careers. Twin 1 invests $2500 at the end of each year for 10 years only (until age 34) in an account that earns 9%, compounded annually. Suppose that twin 2 waits until turning 40 to begin investing. How much must twin 2 put aside at the end of each year for the next 25 years in an account that earns 9% compounded annually in order to have the same amount as twin 1 at the end of these 25 years (when they turn 65)? (Round your answer to the nearest cent.)Twins graduate from college together and start their careers. Twin 1 invests $2000 at the end of each year for 10 years only (until age 31) in an account that earns 9%, compounded annually. Suppose that twin 2 waits until turning 40 to begin investing. How much must twin 2 put aside at the end of each year for the next 25 years in an account that earns 9% compounded annually in order to have the same amount as twin 1 at the end of these 25 years (when they turn 65)? (Round your answer to the nearest cent.) $1 Need Help? Read It
- Jowel Smithers and Sonda Richards merged all of their financial resources and opened a mobile phone sales and repair business in the upscale Domain Mall in Los Angeles 10 years ago with an initial investment of $2.5 million. As revenues increased significantly over the first 4 years, they took out salaries that totaled $500,000 each year for the two of them. With increased success, they decided to pay themselves a total of $1.7 million each year from years 5 through 10. They hoped at the initiation of the joint business venture to make 10% per year on the investment in terms of salaries. (a) Determine the equivalent future worth after 10 years of the salaries. (b) If they had been satisfied with a $5 million future worth, calculate the size that the initial investment could have been instead of the $2.5 million, provided they had the funds available.Jerry invested $5,400 in a small business venture and received $9,200 twenty years later. What is the rate of return on the investment? O 2.46% 2.48% 2.70% O 2.51%Erika and Kitty, who are twins, have just received $30,000 each for their 25th Each sister plans to make a $5,000 annual contribution to her retirement fund on her birthday, beginning a year from today. Erika opened an account with a fund that provides a 6% return per year. Kitty invested in fund that provides a 20% return per year. How old will each sister be when she becomes a millionaire? How large should Erika’s annual contributions have to be for her to become a millionaire at the same age as Kitty?