Samuel Gumede earns £39,000 a year working for a building company as a project manager. He is considering the possibility of leaving the company and starting his own business. To do this, he will have to use all his £60,000 savings that are currently invested at an interest rate of 2%. He estimates that the annual profit from his own business will be £50,000. Other relevant costs in starting his own business amount to £1,750. Required: Using the information above, calculate the net relevant benefit of Samuel starting his own business. (4 marks)

Answers

Answer 1

Given: Samuel Gumede earns £39,000 a year working for a building company as a project manager.

He is considering the possibility of leaving the company and starting his own business. To do this, he will have to use all his £60,000 savings that are currently invested at an interest rate of 2%. He estimates that the annual profit from his own business will be £50,000.

Other relevant costs in starting his own business amount to £1,750.Formula to calculate the net relevant benefit= Benefit - Opportunity cost - Costs= £50,000 - (£60,000 x 0.02) - £1,750= £50,000 - £1,200 - £1,750= £46,050The net relevant benefit of Samuel starting his own business is £46,050.

know more about Samuel Gumede:

https://brainly.com/question/32762293

#SPJ11


Related Questions

The entity that is responsible for establishing the allocation and cost of capital is answered ut of 1.00Select one: uestion O O 0 a. the corporation b. the economy c. investors d, customers

Answers

The entity that is responsible for establishing the allocation and cost of capital is the corporation. Option A  "the corporation " is the correct answer.

The corporation, as an entity, determines the allocation and cost of capital based on its specific financial goals and strategies. The allocation of capital refers to how the company distributes its financial resources among various projects, investments, or divisions. The cost of capital refers to the required rate of return or the cost associated with obtaining funds for investment.

Option A is the correct answer.

You can learn more about corporation at

https://brainly.com/question/13551671

#SPJ11

Your conceptions of correct or incorrect behavior are called your
A. values
B. intents
C. actions
Datudes

Answers

Answer:

values

Explanation:

am not sure of the answer cause none of the options seem to answer the question given

Answer:

values

Explanation:

something that's important to you

Windsor Corporation incurred the following costs during 2022. Work in process inventory was $12,100 at January 1 and $15,400 at December 31 . Finished goods inventory was $60,000 at January 1 and $45,500 at December 31. (a) Compute cost of goods manufactured. Cost of goods manufactured $

Answers

The cost of goods manufactured is calculated as the sum of all production costs incurred and the beginning work in process inventory balance, less the ending work in process inventory balance.

The formula is as follows:Cost of goods manufactured = Beginning work in process inventory + Total manufacturing costs - Ending work in process inventoryTo compute the cost of goods manufactured, we need to calculate total manufacturing costs first. The total manufacturing cost is calculated as the sum of direct materials, direct labor, and manufacturing overhead.Total manufacturing costs - Ending work in process inventoryCost of goods manufactured = $12,100 + $190,200 - $15,400Cost of goods manufactured = $186,900Therefore, the cost of goods manufactured is $186,900.

To know more about production visit:

https://brainly.com/question/30333196

#SPJ11

Lab 1-3 Data Analytics in Auditing The purpose of this lab is to help you identify relevant questions that may be answered using data analytics in auditing. Let's evaluate how we might use master and transaction data from an enterprise resource planning system to perform some simple data analytics to assist the financial statement audit. Company summary ABC Company is a large retailer that collects its order-to-cash data in a large ERP system that was recently updated to comply with the AICPA's audit data standards. ABC Company currently collects all relevant data in the ERP system and digitizes any contracts, orders, or receipts that are completed on paper. The credit department reviews customers who request credit. Sales orders are approved by managers before being sent to the warehouse for preparation and shipment. Cash receipts are collected by a cashier and applied to a customer's outstanding balance by an accounts receivable clerk. You have been assigned to the audit team that will perform the internal controls audit of ABC Company.

Answers

The primary motivation for employing data analytics for auditors is to raise the caliber of audits. It enables auditors to more efficiently audit the massive volumes of data stored and processed in larger companies' IT systems.

What do you mean by motivation?

The urge to act in support of a goal is what motivates people. It is essential to establishing and achieving our goals. One of the factors influencing human behavior is motivation. It encourages rivalry and fosters interpersonal relationships.

Depression and other mental diseases might result from its absence. The desire to keep making progress toward a life with meaning, purpose, and worth living is a component of motivation.

Abraham Maslow, an American psychologist, created the hierarchy of needs in 1943. It is one paradigm used to analyze motivation. Maslow argues that by gradually meeting and satisfying needs starting at the most basic, people are naturally driven to improve themselves and advance toward realizing their full potential.

By focusing on things outside of themselves, people reach the heights of their development and discover the greatest purpose in life. Many people think Maslow's theory reflects essential facts about human drive, despite challenges to its universality.

Learn more about motivation, here

https://brainly.com/question/972761

#SPJ4

how to calculate the hourly wage based on the monthly income and state the hourly wage. assume that each full time worker works four 40-hour weeks per month. (the minimum monthly income is $4,089)

Answers

Answer:

$23.85 per hours

Explanation:

The labor wage per hour can be calculate by simply dividing minimum monthly income by the least number of total hours that a labor must work. The resultant amount will be hourly wage of an employee.

Mathematically,

Hourly Wage = Minimum Monthly Income  /  Total Hours Worked

Here

Minimum Monthly Income is $4,089

Total Hours Worked = 40 Hrs per week * 30 days / 7 days

Total Hours Worked = 171.43 Hours

By putting the values, we have:

Hourly Wage = $4,089 / 171.43 Hrs   = $23.85 per hours

PLEASE ANSWER BOTH OF THE QUESTIONS PLS!!!!!!!!!!!!!!!!!!!!

PLEASE ANSWER BOTH OF THE QUESTIONS PLS!!!!!!!!!!!!!!!!!!!!

Answers

What is the product that you want to find where it comes from?

Grayson really wants to get an a on his upcoming math test but he hates studying. He decides to set a goal for himself to study for 20 minutes every night this week and preparation for the quiz Friday.What kind of goal Grayson set for himself?

Answers

Answer: short term goal

Explanation:

A short-term goal is a goal that an economic agent such as an individual or a fitm wants to achieve or accomplish soon. Short term goals are goal that one wants to achieve maybe today, in a week, in a month or even probably a year.

Since Grayson really wants to get an a on his upcoming math which is coming soon, the goal that he sets to study for twenty minutes every night is referred to as a short term goal.

In marketing and sales communications, it is illegal to use bait-and-switch advertising

question 2 options:
true
false

Answers

Bait and switch procedures are regularly taken into consideration to be a form of fraud, and consequently illegal. Therefore, the given statement is true.

What is Bait and Switch operation?

A “bait and switch” takes area when a dealer creates an attractive however ingenuine provide to promote a product or service, which the vendor does now no longer surely intend to promote.

For example, If the store has deliberately run the advert while not having the object in stock, that is bait and switch.

Bait and switch scams can fall under some of the violations, from breach of settlement to fake advertising.

Therefore, Bait and switch procedures are regularly taken into consideration to be a form of fraud, and consequently illegal. The given statement is true.

learn more about Bait and switch procedures here:

https://brainly.com/question/981097

#SPJ1

Describe a hypothetical government budget that employs an expansionary policy.

Answers

Answer:

Expansionary fiscal policy involves strategy which includes tax cutting, rebates and increase spending.

Explanation:

The government budget will be modified to the tax cutting strategies to implement expansionary fiscal policies. This includes increase in spending so that less money is saved and the tax amount on the profit is minimum.

What other cost categories are not reflected in the budget above? And how much do you estimate they will cost
you per month?

 What other cost categories are not reflected in the budget above? And how much do you estimate they

Answers

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

The other cost categories that are not reflected in the budget above are the following.

Monthly internet subscription, recreational center, laundry, school expenses, entertainment, home supplies, and drugstore. (which include, cream, shampoo, soap, toothpaste, etc.)

And how much do you estimate they will cost?

Monthly internet subscription $15

Recreational Center $25

Laundry $30

School expenses  $20

Entertainment $100

Home supplies $25

Drugstore (which include, cream, shampoo, soap, toothpaste, etc.)  $50

The key here is not only to have a good budget but respect it and follow through. Otherwise, you will have problems at the end of the month trying to make ends meet.

Solo podrá vender lo que las personas están dispuestas a comprar a ese precio. De esta forma, si el precio que pone es muy alto, venderá pocas unidades mientras que si es bajo, venderá más unidades.

Answers

This question is incomplete, and I couldn't find its missing part online, but I can still assume that what you are giving is a definition and you need to find what it refers to.

Answer:

This definition refers to a monopoly.

Explanation:

A monopoly is a form of market where there is only one company that offers a product or service.

When this happens, only one company can offer this product or service since it has no close competition. This means that consumers who want said product or service can only go to this company and submit to the prices that it may impose.

The established price could be very high, but this could produce a low number of purchases by consumers. While if the price is low, consumers will be more.

May I get some help

May I get some help

Answers

Answer:

C. Reteach the concept with alternative examples

C. Research the concept with alternative examples

what are some common tasks performed by Psychiatrists? (Select four options)

A administering first aid and life support care
B collaborating with other medical professionals
C maintaining patient information and records
D developing diagnostic imaging techniques
E prescribing, directing, or administering psychotherapeutic treatments or medications
F analyzing and evaluating patient data or test findings

Answers

Answer:

B, E and F and explanation I share you other thought about it

Explanation:

Psychiatrists are medical doctors who specialize in the treatment of mental health conditions. Some common tasks performed by psychiatrists include:

Conducting initial evaluations and assessments to diagnose mental health conditionsPrescribing and managing medications to treat mental health conditionsProviding individual, family, or group therapy to help patients manage their mental healthDeveloping and implementing treatment plans for patientsCollaborating with other healthcare providers to coordinate care for patientsProviding crisis intervention and support to patients experiencing mental health emergenciesConducting research to advance the field of psychiatry and improve treatment options for patients.

Jared lives in a country in which the government owns and operates the postal service, utilities, transportation, and health care systems. while individuals and small businesses provide other goods and services, jared and the rest of the citizens are dependent on the government for many goods and services that are essential to their daily lives. jared lives in a ________ country.

Answers

Jared lives in a socialist country.Jared lives in a country in which the government owns and operates the postal service, utilities, transportation, and health care systems. while individuals and small businesses provide other goods and services, jared and the rest of the citizens are dependent on the government for many goods and services that are essential to their daily lives.

What is socialism?Socialism, social and economic doctrine that calls for public rather than private ownership or control of property and natural resources. According to the socialist view, individuals do not live or work in isolation but live in cooperation with one another. Furthermore, everything that people produce is in some sense a social product, and everyone who contributes to the production of a good is entitled to a share in it. Society as a whole, therefore, should own or at least control property for the benefit of all its members.

To more about socialism, refer: https://brainly.com/question/28218484?referrer=searchResults

#SPJ4

_____ is a mechanism for gathering information about performance deficiencies as they occur. a. Feedback control b. Concurrent control c. Proactive control d. Feedforward control

Answers

Answer:

A. Feedback control

Explanation:

by what date must taxes be filed in the united states?

Answers

Answer:

april 15

Explanation:

its a direct question the isnt an explanation

WILL MARK BRANLIEST!!!!!
Which portion would not be part of an investment portfolio? (Select the best answer.) commodities funds

a savings account

a savings 529 plan

equity investments in a company

Answers

Answer:

a savings 529 plan

Hope this helps plz mark me brainliest

Answer:

A savings account

Explanation:

Took the quiz

Neolithic people practiced metallurgy.
How did the advancement in technology. Benefit. Early humans

Answers

Answer:

the answer is D

Explanation:

Answer:

D. Metal was used to make stronger items that lasted longer

Explanation:

Did it on Edg.2020

Please mark brainliest

The market demand is the: a. sum of all individual demand curves and supplies in a market. b. vertical sum of all individual demand curves. c. horizontal sum of all individual demand curves in a market. d. horizontal sum of all individual prices in a market.

Answers

A market is largely known as an institution that brings buyers and sellers in one place. The market demand is the horizontal sum of all individual demand curves in a market.

What is the market demand curve?

This is referred to  one that has the horizontal sum of individual demand curves.

The demand curve is one that depicts the relationship between price and quantity demanded.

The market demand is known to be the sum of all of the individual buyer's demand curve.

learn more about  The market demand from

https://brainly.com/question/3331860

Utilizing your research notes, imagine you are a business manager and you must create a brief step-by-step problem-solving guide to be used by your employees. The guide should outline the steps in the problem solving process and provide a few details as to how an individual could approach each step. The guide should be no more than one page. Be sure to explain the value of collaboration and teamwork within the workplace.

Answers

Answer:

Define the problem

Analyze the affects of problem on the business

Generate list possible solutions to it.

Evaluate each alternative.

Implement a solution that is best fit

Monitor the results

Explanation:

There are six steps in problem solving. As a business manager one should understand all these steps to immediately counter a problem and progress for business success. The business manager should first define the problem and analyse the affects that it may cause to the business operations. He should then consider list of possible solutions which can solve the problem without any harm to business activities. The best possible solution to the problem should be selected and then it should be implemented to solve the problem quickly. The progress of the problem solving should be evaluated.

Franklin corporation issues $97,000, 8%, 5-year bonds on January 1, for $101,370. Interest is paid semiannually on January 1 and July 1. If Franklin uses the straight-line method of amortization of bond premium, the amount of bond interest expense to be recognized on July 1 is

Answers

Answer:

$3,006

Explanation:

Bond issue = $97,000

Interest rate = 8%

Bond value sold = $101,370

Time period 5 years

N.B The premium will have to be to be discounted from the interest expense because Franklin corporation sold the bond at a value higher than the face value i.e premium value.

Therefore;

Coupon = $97,000 × 8% × 1/2

= $3,880

Amortization of bond premium = ($101,370 - $97,000) /5 years period

= $4,370/5

= $874

Total interest expense

= $3,880 - $874

= $3,006

What are the job roles on offer in the picture?

Will be grateful for any replies, thanks!​

What are the job roles on offer in the picture?Will be grateful for any replies, thanks!

Answers

Answer:developer and a program assistant

Explanation:

what should you consider regarding auto insurance before buying a vehicle

Answers

Check to see if you can pay for the car for example when paying monthly can you meet the standards to pay the bill on time. The costs of repairs after the cars been broken down

Answer:both a and c

Explanation:

i did the quiz

How important is money

Answers

Answer:

very important

Explanation:

money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.

1. Margot works as a sales associate at a children’s clothing store. What education might Margot have needed to attain her position?

A.
high school diploma

B.
associate degree in childhood education

C.
bachelor’s degree in logistics

D.
master’s degree in business

Answers

Answer:

A. High school diploma

Explanation:

Answer:

A

Explanation:

You buy 100 shares of ibm stock at $100 per share and pay $150 commission. How much will this transaction add to gdp?.

Answers

At $100 per share, you purchase 100 shares of IBM stock and pay a $150 commission. It will increase the GDP by $150.

A country's gross domestic product (GDP) is the sum of the market values of all the finished products and services produced within its borders during a certain time period. It serves as a thorough assessment of a particular stock country's economic health as a wide indicator of entire domestic production.

While GDP is frequently estimated on an annual basis, it is also stock occasionally calculated on a quarterly basis. In the United States, for instance, the government produces an annualized GDP estimate for both the calendar year and each fiscal quarter. Since each set of data in this report is presented in actual terms, price changes are taken into account and the data is therefore net of inflation.

Learn more about GDP here

https://brainly.com/question/15682765

#SPJ4

QUESTION 4 of 10: A clothing designer is looking for a job that can cover her living expenses of $5,000 per month. If she plans on working
forty hours a week, with four weeks a month, what's the minimum hourly wage she needs?

Answers

Answer:

$31.25

Explanation:

40 hours a week x 4 weeks a month = 160 hours of work per month

$5,000 divided by 160 = $31.25

The local community college requires that each student complete a registration request form and mail or deliver it to the registrar’s office. A clerk enters the request into the system. First, the system checks the accounts receivable subsystem to ensure that no fees are owed from the previous quarter. Next, for each course, the system checks the student transcript to ensure that he or she has completed the course prerequisites. Then the system checks class position availability and adds the student’s Social Security number to the class list. The report back to the student shows the result of registration processing: If the student owes fees, a bill is sent, and the registration is rejected. If prerequisites for a course are not fulfilled, the student is notified, and that course is not registered. If the class is full, the student request is annotated with "course closed". If a student is accepted into a class, then the day, time, and room are printed next to the course number. Student fees and total tuition are computed and printed on the form. Student fee information is interfaced to the accounts receivable subsystem. Course enrollment reports are prepared for the instructions. Draw a context diagram and a level 0 DFD for the preceding operations.

Answers

The figure below shows the preceding operations' context diagram and level 0 DFD. The incoming data flow for the context diagram is the Student Registration Request Form and the outgoing data flow is the Student Schedule or Bill (depending on the results of registration processing). The two entities in the diagram are the Student and Registrar's Office.

The context diagram provides a high-level view of the system, showing its interactions with external entities. A context diagram for a registration system should include the students as the external entities and the registrar's office as the system.

The level 0 DFD decomposes the context diagram into the main sub-processes, also known as the system's main functions. The level 0 DFD illustrates the processes involved in the student registration request system. It includes all the essential parts of the registration system, such as accounts receivable, student transcript, class position availability, and others.

Learn more about The level 0 DFD: https://brainly.com/question/33164888

#SPJ11

why do most people invest in the stock market?

Answers

Because many people invest in stocks simply because the odds are in their favor that over time, the market will go up and earn them money.

Answer:

To make profit


A(n) is a general belief about a person or group of people that may not be true.
prestige
b culture
c. occupation
d stereotype

Answers

It’s d stereotype. Mark brainliest pls

Answer:

Stereotype

Explanation:

Trust.

Other Questions
PLEASSEEEEEE HELP!!!! THANK YOU SO MUCH! A portion of the periodic table is shown. Which column of elements would be most likely to chemically combine with sodium in a 1:1 ratio how many grams of phosphine (ph3) can form when 47.2 g of phosphorus and 85.8 l of hydrogen gas react at stp? how does an atom charge if all the electrons are removed danielle did not complete 15 of her 200 assignments last year. Kim said that is 0.075 of her assignments and Kelly said it is 0.75 of her assignments. Who is correct and how do you know? Outside of the school year, more than one practice cannot be scheduled on consecutive days in any sport except?. Stem changing verbs give the complete answer Judy Blume's career as an American writer spans four decades and includes many literary awards. She is most famous for her novels geared toward pre-teens. One notable example is Tales of a Fourth-Grade Nothing. However, Blume also has had success writing for an adult audience. Three of her novels for adults reached the New York Times best-seller list. In a 2008 interview Blume remarked, "I have so many stories left to tell!" By that time she had written nearly 30 novels. Judy Blume an exceptionally talented and productive American author.Which sentence could be added to further support the main idea in this paragraph? Averaging a book a year, Blume's many works have been sold around the world. Critics of Blume's stories say that most of her works are better suited for adults. Whenever Blume publishes a new story, she gives an interview to the media. Many of Blume's stories focus on women or girls as the main characters.How does the third sentence ("However, Blume also has. ...") support the main idea of the paragraph? It tells you that the author once wrote for children but has changed her focus and preference to adults. It tells you that the author has great talent because she writes good stories for children as well as adults. It points out that the author has written more books for children than she has written, or plans to write, for adults. It points out that the author only writes stories that she expects will win awards or sell well among adults. NEED HELP WITHIN THE NEXT 10 MIN! WILL MARK BRAINLIESTFor Part 3, describe the motion of the ball as it moves from the top of the ramp and comes to rest against the block. Explain how the motion changes in terms of the velocity, distance, acceleration, and force that you measured. Use your data and Newtons laws to calculate these values and explain the situation. Include the tables you used to calculate average initial velocity and average displacement. Also show your work for your calculations of acceleration and net force someone please tell me how to work out this type of problem i completely forgot A _________ is a set of programs installed on a system to maintain covert access to that system with administrator privileges, while hiding evidence of its presence to the greatest extent possible. what involves asking questions and answering those questions using statistical and quantitative tools for explanatory and predictive analysis? which ethical principle is contradicted when deception is used in research? group of answer choices minimal risk risk/benefit ratio privacy informed consent julia paid $120 for 6 gift cards each gift card was the same price. Which shows the equation that represents the situation and the price of each gift card? Please help me to solve this! points and brainlyist if you can name 10 facts about how women suffer a lot more than males. Find the slope of the line (-2, - 2) and (-10,- 9). 10. The diagram below shows the sun, Earth, and the moon.UmbraMoonEarthSunPenumbraWhat event is being shown in the diagram?A. a solar eclipseB. a lunar eclipseC. winter solsticeD. summer solstice in an ideal solution of a strong electrolyte, the van't hoff factor i is equal to _____. Is (1, 8) a solution to the inequality y < 6x + 2?yesno