Q9 Which of the following statement about business entities is correct?

a) A partnership is a separate legal entity from its owners. b) Ownership in a partnership is represnted by having shares of stock. c) A sole-proprietorship is a separate legal entity from its owner. d) Ownership in a corporation is reporation is represented by having shars of stock.

Q10- Answer the following using the time value of money concepts. Show your work calculator input. a) The Harper Partnership invests $60,000 on January 1, 2018 in account that will pay 8% interest compounded annually for 8 years. what amount will Harper's investement be at the end of the 8 years?

b) The Hason Company wants to have $100,000 in 5 years. What amount must it deposit today at 6% annual interest rate to accumlate the $100,000 in 5 years?

c) The Cole Corporation borrowed $178,000 to purchase a new piece of equipment. The company will make 5 annual payment at the end of each year and is being charged 8% on the loan. What is the amount of the annual payment?

d) the Pen Corporation is going to deposit $30,000 into a savings account at he end of each year for 6 years at a compound interest rate of 4% At the end of 6 years, Pen wants to buy a new piece of equipment. How much money will Pen have saved for the new equipment at the end of 6 years?