Let's say you borrow $2000 at 10% annual interest to finance a new business project. In order

Fantastic news! We've Found the answer you've been seeking!

Question:

Let's say you borrow $2000 at 10% annual interest to finance a new business project. In order for this loan to be profitable, what is the minimum amount that this project should provide in annual revenue? And why?

Related Book For answer-question

Accounting Texts and Cases

ISBN: 978-1259097126

13th edition

Authors: Robert Anthony, David Hawkins, Kenneth Merchant

See More Books

Posted Date: May 24, 2023 02:44 AM

See More Questions

For each of the following situations, the present value concept should be applied: 1. Your wealthy aunt has just established a trust fund for you that will accumulate to a total of $100,000 in 12...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
Determine the breakeven point for each plant. Hambry Enterprises produces a component for recycling uranium used as a nuclear fuel in power plant generators in France and the United States. Use the...
A heavy crate is being moved a short distance using three identical cylinders as rollers. Knowing that at the instant shown the crate has a velocity of 200 mm/s and an acceleration of 400mm/s2, both...
The airflow passes a twice-deflected surface. The free-stream Mach number, $M_{1}$ is 2 at sea level, and the air flows along the path with a $16^{\circ}$ deflection angle passes through a weak...
Explain the difference between in personam, in rem, and quasi in rem jurisdiction and give an example of each.
The county replaced its old office building with a new structure. Rather than destroy the old office building, the county decided to convert the old building and use it as a storage facility. Why...
SHOWS EXCEL WORK PLEASE Northwest Airlines gives a discount of 10% on all their unsold tickets if the number of seats sold is less than 83% of the seats available. On the other hand if the number of...
Repeat Example 3.3, but assume that the ammonia, air, and water are brought into contact in a closed container. There is $10.0 \mathrm{~m}^{3}$ of gas space over the liquid. Assuming that the...
How can technological advancements be leveraged to democratize access to resources and enhance empowerment on a global scale?
Is the area of a college campus discrete or continuous?
_______________are highly unreliable in part because people who have strong opinions are more likely to participate. In Exercises 35, fill in each blank with the appropriate word or phrase.
_____________________ variables are quantitative variables that can take on any value in some interval.
A vocabulary test was given to students at an elementary school. The students ages ranged from 5 to 11 years old. It was found that the students with larger vocabularies tended to be taller than the...
A theater concession stand sells soft drink and popcorn combos that come in sizes small, medium, large, and jumbo. True or false: a. Size is a qualitative variable. b. Size is an ordinal variable. c....
Details need: Write a mystatistics function that computes the mean, variance, and standard deviation for a list of numbers according to the provided equations. The function should return the...
Assume you are the accountant for Catalina Industries. John Catalina, the owner of the company, is in a hurry to receive the financial statements for the year ended December 31, 20X1, and asks you...
Clearwater Company borrowed $164,440 with interest at 12 percent to be repaid in equal annual amounts at the end of each of the next six years. Prepare a loan amortization schedule (i.e., schedule...
Charles Crutchfield, manager of manufacturing operations at Morgan Manufacturing, was evaluating the performance of the company. Given his position, he was primarily interested in the health of the...
Terry's Equipment Center has been organized to sell a line of lawn and garden equipment. The company began operations on January 1 with the following assets: Sales for January, February, and March...
Optimize the following Boolean functions $F$ together with the don't-care conditions $d$ : (a) $F(A, B, C, D)=\Sigma m(0,1,7,13,15), d(A, B, C, D)=\Sigma m(2,6,8,9,10)$ (b) \(F(W, X, Y,...
+Apply the simplified Espresso algorithm to the following function. Show a K-map for each algorithm routine that changes one or more implicants. \[F(A, B, C, D)=\bar{A} \bar{B} \bar{D}+\bar{B}...
Illustrate the expansion or reduction performed on each implicant on a Kmap if the operation changes the implicant. (a) Apply the Espresso EXPAND routine to the following function. \[F(A, B, C,...

Let's say you borrow $2000 at 10% annual interest to finance a new business project. In order

Question:

Expert Answer:

To determine the minimum amount of annual revenue the project should generate for the loan ... View the full answer

Accounting Texts and Cases

Students also viewed these finance questions