Most entrepreneurs do not have enough money of their own to start their businesses. when they acquire the necessary funds from someone else,

a. their consumption expenditures are being financed by someone else's saving.

b. their consumption expenditures are being financed by someone else's investment.

c. their investments are being financed by someone else's saving.

d. their saving is being financed by someone else's investment.

Warren company plans to depreciate a new building using the double declining-balance depreciation method. the building cost $870,000. the estimated residual value of the building is $57,000 and it has an expected useful life of 20 years. assuming the first year's depreciation expense was recorded properly, what would be the amount of depreciation expense for the second year?

You are looking at a one-year loan of $16,500. the interest rate is quoted as 8.7 percent plus two points. a point on a loan is 1 percent (one percentage point) of the loan amount. quotes similar to this one are common with home mortgages. the interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 8.7 percent interest. what rate would you actually be paying here?

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