Answer:
$1,032
Explanation:
Calculation to determine What monthly rent must she charge for each apartment to break even
First step is to calculate the Monthly costs using this formula
Monthly costs = Mortgage payment + Real estate taxes + Insurance costs + Maintenance costs
Let plug in the formula
Monthly costs=$1,510 + ($2,304 / 12) + ($1,452 / 12) + [2 ×($1,446 /12)]
Monthly costs= $1,510 + 192+ 121 + 241
Monthly costs= $2,064
Now let calculate the Break-even monthly rent per apartment
Using this formula
Break-even monthly rent per apartment = Monthly costs / 2
Let plug in the formula
Break-even monthly rent per apartment = $2,064 / 2
Break-even monthly rent per apartment = $1,032
Therefore What monthly rent must she charge for each apartment to break even will be $1,032
Answer:
Final Value= $4,216,869
Explanation:
Giving the following information:
You have decided that one year from today you will begin depositing 10 percent of your annual salary in an account that will earn 9.2 percent per year. Your salary will increase at 3 percent per year throughout your career. Your salary is $52,000
Your retirement is in 40 years.
We need to use the following formula:
FV= {A*[(1+i)^n-1]}/i
A=annual payment= 5,200
i= 9.2% interest + 3% year increase= 12.2%
n=40
FV= {5,200*[(1.122^40)-1]}/0.122
FV= $4,216,869
Answer: $22500
Explanation:
The following information can be gotten from the question:
Price of equipment = $20,000
Sale tax = $2000
Maintenance cost = $2200
Shipping cost = $500
The amount that the equipment should be recorded on the balance sheet prior to recording depreciation expense will be calculated as:
Price = $20000
Add: Sales Tax = $2000
Add: Shipping & Preparation = $500
Price of the equipment before depriciation will then be:
= $20000 + $2000 + $500
= $22500
Answer: a. Partnership
Explanation:
Partnership could be defined as a process where two or more group of persons join their resources together to form a business or an investment, if it's a business, it is ran by both of them and the profit and loss realised is been shared amongst them. During partnership, the ratio of capital invested determines the ratio of profit that would be realised by the different persons. Harold and Zack combining resources to own a real estate investment is known as capital despite not signing legally for it yet.
The resource based model.
The resource based approach says organizations should look inside their company for sources of improvement and competitive advantage rather than looking outside to their environment (such as their industry).