1. Your sister is a food connoisseur. She was with you when you visited Spain last year and sees the potential success of starting an olive importing business in Toronto. Your sister excels at finance and accounting. You know you can trust her. However, this was originally your idea. You may not have the business sense that your sister does, but you are really good at making contacts and have already developed the networks necessary for success. a) What type of business ownership is most suitable to you? Identify your choice of business, explaining why you feel it is best. Include one pro and one con of this type of business ownership.

b) Success! You have sold about $600 of imported olives so far. Your total cost to run this business was $250.

i) What was your total profit:

ii) Now that you have made a profit. What are 2 things you will do with this revenue?
iii) Unfortunately there are many competitors in this industry! What will happen to the DEMAND for your product? What will happen to the price?
iv) What is something that you can do to help your business succeed? (Be specific here by using examples)

PLEASE PLEASE HELP ME!! ITS DUE IN 2 HOURS

Minolta inc. is considering a project that has the following cash flow and wacc data. what is the project's mirr? note that a project's projected mirr can be less than the wacc (and even negative), in which case it will be rejected. wacc: 10.00% year 0 1 2 3 4 cash flows -$850 300 $320 $340 $360

Experienced problem solvers always consider both the value and units of their answer to a problem. why?

Selected information about income statement accounts for the reed company is presented below (the company's fiscal year ends on december 31): 2018 2017sales $ 4,400,000 $ 3,500,000cost of goods sold 2,860,000 2,000,000administrative expenses 800,000 675,000selling expenses 360,000 312,000interest revenue 150,000 140,000interest expense 200,000 200,000loss on sale of assets of discontinued component 50,000 —on july 1, 2018, the company adopted a plan to discontinue a division that qualifies as a component of an entity as defined by gaap. the assets of the component were sold on september 30, 2018, for $50,000 less than their book value. results of operations for the component (included in the above account balances) were as follows: 1/1/18-9/30/18 2017 sales $ 400,000 $ 500,000 cost of goods sold (290,000 ) (320,000 )administrative expenses (50,000 ) (40,000 )selling expenses (20,000 ) (30,000 )operating income before taxes $ 40,000 $ 110,000 in addition to the account balances above, several events occurred during 2018 that have not yet been reflected in the above accounts: a fire caused $50,000 in uninsured damages to the main office building. the fire was considered to be an infrequent but not unusual event. inventory that had cost $40,000 had become obsolete because a competitor introduced a better product. the inventory was sold as scrap for $5,000.income taxes have not yet been recorded. required: prepare a multiple-step income statement for the reed company for 2018, showing 2017 information in comparative format, including income taxes computed at 40% and eps disclosures assuming 300,000 shares of common stock. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)