How much will Logan pay for the equipment from the retired salon owner?

Prepare for your Micro Enterprise Credentials Test with a range of multiple choice questions and detailed explanations. Enhance your understanding and ensure you're ready for success!

Logan will pay $200,000 for the equipment from the retired salon owner. This figure is significant as it reflects the market value and potential profitability of the equipment, which includes all necessary tools and assets that Logan will utilize to operate the salon effectively. Understanding the context of the equipment’s value helps illustrate that this decision likely considers factors such as the condition of the items, their importance to the business operations, and their potential for generating revenue in the future.

When considering equipment purchases in a micro-enterprise, it is important to ensure that the investment aligns with the expected return on investment, taking into account not just the initial outlay but also how the equipment will contribute to the overall success of the business. This highlights the importance of strategic financial decisions in the startup phase of a business.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy