Suppose you are the only owner of a chain of coffee shops near universities. your current cafes are doing well, but you are interested in starting a fine-dining restaurant you decide to use the cash generated from your existing business to enter into a new business. your accountant provides you with the following data on your current financial performance: financial update as of june 15 your existing business generates s 123,000 in ebit. the corporate tax rate applicable to your business is 35%. the depreciation expense reported in the financial statements is $23,429. you don't need to spend any money for new equipment in your existing cafes; however, you do need $18,450 of additional cash. you also need to purchase $9,840 in additional supplier such is cloth table clothes and napkins, and more formal tableware - on credit. it is also estimated that your accruals, including taxes and wages payable, will increase by $6,150.

Can you with personal finance homework1 abbreviation of annual percentage rate which the interest rate is applied annually to a loan or a credit card balance2 abbreviation of annual percentage yield the rate of return earn in the course of one whole year taking compounding into amount expressed as a percentage3 cash and other liquid assets such as demand deposits or treasury bills than individual possesses4 an expense that does not vary from one time period to the next5 to obtain a new loan for something on different terms often involving the pain off of an existing high-interest loan by means of a new lower interest one6 money set aside for future use7 to take money out of an account8 to plan the allocation expenditure or use of money9 the amount of money spent on food clothing and other basic necessities10 the amount of money that is anticipated to be received over a. of time either as payment for work goods or services or as profit on capital