<span>$65,472.34
The formula for compound interest is:
A = P(1+r/n)^(nt)
where
A = Future amount
P = Principle
r = annual interest rate
n = number of periods per year
t = number of years
So let's substitute the known values and calculate:
A = P(1+r/n)^(nt)
A = 46000(1+0.04/1)^(1*9)
A = 46000(1+0.04)^9
A = 46000(1.04)^9
A = 46000(1.423311812)
A = 65472.34
So $65,472.34 needs to be paid back after 9 years.</span>
Answer:
a.
Break even in units = 8750 units
b.
Break even in units = 10000 units
Explanation:
The break even in units is the number of units that a business must sell in order to for its total revenue to be equal to total costs and for it to break even. The break even in units is calculated as follows,
Break even in units = Fixed Costs / Contribution margin per unit
Where,
Contribution margin per unit = Selling price per unit - Variable cost per unit
a. Past Year
Break even in units = 70000 / (40 - 32)
Break even in units = 8750 units
b. Coming Year
The property taxes which are a fixed cost will increase by $10000. Thus total fixed cost for coming year will be = 10000 + 70000 = 80000
Break even in units = 80000 / (40 - 32)
Break even in units = 10000 units
It is important because that is how you budget and how you are able to save money if an emergency comes up
Benny is self-employed. he’s experienced a bit of success over the last few years and is now ready to purchase a home. he’s meeting with a lender later today . Benny can expect to be asked for additional documentation to verify his income.
Self-employment is the state of being able to work for yourself rather than for your employer. Tax authorities generally consider an individual to be self-employed if they choose to be recognized as self-employed or if the individual has income that is taxable.
Self-employed means doing business as a partner or owner rather than working for your employer. According to IRS guidance (page 2), a person who “trades or does business as a sole proprietorship or independent contractor” is self-employed.
Learn more about self-employed here: brainly.com/question/20750656
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Answer:
Six areas of interest are: building,thinking,creating,holding, persuading and organizing.
Explanation:
