Cindy invested $200,000 in to the commercial operation which warranted the distinction of $2,700 during the past month. Cindy believes the commercial operation will consequence an annual distinction next to to twelve times the monthly profit. Assume Cindy wants to take $25,000 from the commercial operation any year for her personal use.
See table:
Resources combined from sales: $19,000
Resources consumed:
Materials: $8,000
Insurance: $2,000
Rent: $1,500
Utilities: $1,300
Wages: $3,500
Total price of resources consumed: $16,300
Profit earned: $2,700
a. Determine the company’s lapse upon investment.
b.Determine Cindy’s lapse of investment.
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why di d you invest so much are you loaded.