• Read the textbook excerpt and use the information to answer the Question 1.2.2 Flowers by Cam
Cam Tran is a sole trader who operates a small florist shop in Forest Hill,
London (UK). Cam arranges and delivers flowers to local hospitals, hotels and
schools mainly in south-east London. From time to time, she also receives
large orders for weddings. She has three school-aged children.
(a) Define the term sole trader.
[2 marks]
aces
ations
(b) Examine the costs and benefits to Cam Tran in operating as a sole
trader.
[6 marks]
Source: photo courtesy of a
Drive
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Important things to note:

Quantitative problem: you need $20,000 to purchase a used car. your wealthy uncle is willing to lend you the money as an amortized loan. he would like you to make annual payments for 4 years, with the first payment to be made one year from today. he requires a 8% annual return. what will be your annual loan payments? round your answer to the nearest cent. do not round intermediate calculations. $ how much of your first payment will be applied to interest and to principal repayment? round your answer to the nearest cent. do not round intermediate calculations. interest: $ principal repayment

Used cars usually have options: higher depreciation rate than new cars lower financing costs than new cars lower insurance premiums than new cars lower maintenance costs than new cars

Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false