Question

Analyze the case and determine if he gain or loss? Show your solution
After graduation from high school
, Richard Cruz decided to put up
photocopying business because there was none near the vicinity of the school.
Sudents had to walk far just to go to the nearest photocopying center. Richard knew
that the demand for photocopying service among high school students was high
because teachers often assigned readings and lecture notes that should be
photocopied
Richard opened his photocopying business on August 1, 2019. He rented a
commercial space located in front of the high school gate for P5,000 per month. He
also borrowed P 50,000 (without interest) from his father to buy a brand-new
photocopying machine costing P30,000 and to pay for other start-up expenses. He
planned to pay thus P50,000 in four years. From his personal savings, Richard
Spent P10,000 for supplies like bond papers, staplers, paper clips, and other
supplies that would need in his business. He also paid P2,000 for business permits
and licenses. And because Richard had to attend to his classes in a nearby
university
, he hired a staff with a weekly salary of P1,000 to operate the business.
Richard planned to visit his photocopying shop after his class every day to check on​ it.

Answer 1

Answer:

this is an essay or an story

Explanation:

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