Sarah used to work as a business manager in a small company for $50,000 per year but quit to start her own fashion business factory. To invest in her factory, she withdrew $25,000 from her savings, which paid 4 percent interest, and borrowed $30,000 from her brother, whom she pays 4 percent interest per year. Last year she paid $27,000 for ingredients and had revenue of $70,000. She is asking you to calculate both accounting and economic profits for her. Show all your calculations and explanations.
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- Question A Friendly’s Quick Loans, Incorporated, offers you $5.25 today but you must repay $6.55 when you get your paycheck in one week (or else). What is the effective annual return Friendly’s earns on this lending business? Full explainthe this question very fast solution sent me step by step Don't ignore any part all part work u Text typing work only not allow paper workDuring a year of operation, a firm collects $50,000 in sales revenue and spends $10,000 on salaries of workers, $1,520 on electricity and utilities, $6,000 on raw materials. The firm owner had to leave his job which was paying $30,000 of annual salary. The firm owner also used $5,000 of his personal savings, which was earning a guaranteed 5 percent annual rate of return. calculate The firm earns accounting profit, The firm's economic profit.pls answer this on paper
- Novartis's Prescription for Invoice ProcessingWhat do you do when you have more than 600 business units operating through 360independent affiliates in 140 countries around the world-processing complex invoices in variouslanguages and currencies? You seek out the best technology solution to make the job easier.At global pharmaceutical giant Novartis, the IT department is a strategic resource, a communityof 2,000 people serving 63,000 customers in 200 locations and 25 data centers. Because most ofthe company's invoices come from international suppliers, they have differences in design,language, taxes, and currency. Consequently, many ended up as "query items" requiring manualresolution by Novartis accounting staff-which delayed payments and made those invoicesextremely costly to process. In fact, finance personnel spent so much of their time resolvingqueried invoices that other work suffered. A solution was badly needed.To maximize its investment, Novartis needed a flexible solution that…uestion 3 If you want to minimize interest payments on a loan, you'll need one that has a simple interest rate so that yo John opened an account, and knew exactly how much it would be worth at the end of the year, because it used year. What is simple interest? Oa. Interest only on original amount saved or borrowed Ob. interest on original amount saved, borrowed and other interest earned Oc. a fee paid for the use of someone else's money Od. taxes on the original amount saved or borrowed L A Moving to another question will save this response. →If you receive 500 in simple interest on a loan that you made for 10,000 for five years, what was the interest rate you charged?
- Not use excel. Solve it earkyAlex Kingsford is a mechanical engineer working for ABC Engineering in Melbourne. Alex owns aproperty in Dandenong, Victorian where he and his family are residing. He also runs a homebasedfood catering business, preparing food for local residents and school canteens. Cateringbusiness is well-structured. Alex works 15 days a month and earns a substantial income from thecatering services business. He is travelling from ABC Engineering workshop to his homebasedbusiness by car or sometimes Uber. When he lodged his tax return in July 2019, he has requested a deduction for a substantial amount of travelling expenses between the ABCEngineering workshop and home-based food business.Alex is now seeking your advice. With reference to relevant legislation and case law discusswhether Alex’s travelling expenses between the ABC Engineering workshop and his homebasedcatering business is an allowable deduction.Please help me fast I will give upvote thanku
- Connor started with $10 and is saving $2 a week. Carlie started with $16 spending 1 a week. How many weeks will it take for them to have the same amount of money? Please don't handwriting solutionExplain it early I upvote definitely.You open a 5-year CD for 1,000 that pays 2 interest, compounded annually. What is the value of that CD at the end of the five years?