A,B and C are partners eachinvesting respectively $30,000, $25,000 and$15,000.A and B are each received10% of the total profits after A has receiveda salary of $2,000 and the remaining profit is to be divided inproportion to their capital. Interest on capital at 10% per annumis also to credited to each partner. The profits of the business ina certain years are $30,000. What is each partner'sshare?
A machine cost $25,650 and its scrap/salvage value is $500 aftera useful life of 10 years . Calculate.
The annual rate of depreciation, if the reducing balance methodof depreciation is to be used.
The book value at the end of the Sixthyear.
In two year you need to earn 3000$ if you get an interest rateof 15.75% compound annually, how much do you need to invest now