Brian is the sole proprietor of long voyage software, which generates maps for nature trails. he started the business with an initial investment of $80,000. a faulty map caused one customer to get hopelessly lost. after her rescue and recuperation, she sued long voyage for $5,000,000. which of the following is true?

If $5,000,000 is awarded to its customer, Brian is personally responsible for paying all of it.

Explanation:

Sole proprietorship ownership is the most prosperous business to establish. A person who owns the company makes all the business decision by himself, gets all the profits, and incurs all of its losses is called a sole proprietorship business organization. According to the definition and the question, as Brian is the owner of Long Voyage, she is responsible for paying damages.

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20