Answer:
Annual deposit= $37,714.37
Explanation:
Giving the following information:
The villa costs $500,000 today, and housing prices in Mexico are expected to increase by 6% per year. Manny and Irene want to make fifteen equal annual payments into an account, starting today, so there will be enough money to purchase the villa in fifteen years.
The account earns 10% per year.
First, we need to calculate the final value of the house with the following formula.
FV= PV*(1+i)^n
FV= 500,000*(1.06^15)=$1,198,279.1
Now, we can calculate the annual payments required:
FV= {A*[(1+i)^n-1]}/i
A= annual deposit
Isolating A:
A= (FV*i)/{[(1+i)^n]-1}
A= (1,198,279.1*0.10)/[(1.10^15)-1]
A= $37,714.37
C- To summarize the main point of the paragraph
Answer:
The company need to sell 12,999 boxes to produce a net income of $12,750.
Explanation:
Contribution per unit = Price * Contribution Margin ratio
Contribution per unit =$15 * 0.20
Contribution per unit =$3
Net Income before tax= $12,750 / (1 - 0.15) = $12,750 / 0.85
=$15,000
Boxes of Cupcakes to sell = [Fixed cost + Net income ] / Contribution per unit
= (23,997 + 15,000) / 3
= 38997 / $3
= 12,999 boxes
The company need to sell 12,999 boxes to produce a net income of $12,750.
All highly valuable resources must be reported as assets.
What is balance sheet?
In financial accounting, a balance sheet—also known as a statement of financial position or a statement of financial condition—is a summary of the financial health of an individual or organisation, such as a corporation, private limited company, sole proprietorship, business partnership, governmental entity, or not-for-profit group. Assets, liabilities, and ownership equity are reported as of a specific date, like the end of its fiscal year. It's common to refer to a balance sheet as a "representation of a company's financial situation."." Only the balance sheet, out of the four basic financial statements, is applicable at a single point in a company's fiscal year.
To learn more about balance sheet
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