In real estate transactions, THE CLOSER OR THE CLOSING AGENT represents the title company and facilitates the final transaction.
Title companies refers to those companies that have many key functions in real estate transactions. They usually act as agents for all the involved parties, that is, the insurance company, the buyer, the seller, etc. Their functions include the reviewing of titles, issuance of insurance policy, documentation and closing of the transaction. The employee of the title company, who facilitates the closing of the transaction is called 'closer'. <span />
<u>Solution:</u>
The price per variable unit is set at 1.5 times the cost; the VC / unit is estimated at $2.50.
Price = 2.5 * 2.50 = $6.25
Variable cost = $2.50
Fixed cost = $220,000
Break-Even Volume = Fixed cost / (Price - Variable cost)
= $220.000 / (6.25 - 2.50)
Break-Even Volume = 58,667 units
Answer:
My grandparents deposit $5200000 today.
Explanation:
The annual return earned by trust fund = $2.5 percent
It is given that the trust will pay annually a certain amount for infinite period so annual pay = $130000 per year.
Now we have to calculate the invested or deposited amount by grandparents today.
The present value of future constant annual payment over infinite period = (P/A, i%, n = infinity) or 1 / i%
The amount that should be deposited today :
Answer:
$100,000 and $97,368
Explanation:
In this question we compare the cost between the two options available i.e shown below:
First options
Collect today for $100,000
Second options, the present value is
= Annual cash flows × PVIFA factor for 10% at 7 years
= $20,000 × 4.8684
= $97,368
So the present value of the first option is $100,00
0
And, for the second options it is $97,368
Revenue is the money a company earns from providing services or selling goods to customers
Revenue, which is determined as the average sales price multiplied by the quantity of units sold, is the money made from regular business operations. To calculate net income, expenses are deducted from the top line's (or gross income) total. In the income statement, revenue is referred to as sales.
A company's income is the cash that is generated by its operations. Depending on the accounting technique used, there are various methods for calculating revenue. Sales made with credit will be counted as revenue when it comes to the delivery of goods or services to the customer under accrual accounting. Even if payment hasn't yet been received, revenue may still be recorded in accordance with certain regulations.
To evaluate how successfully a business collects debt, it is important to review the cash flow statement for Revenue.
Learn more about Revenue here
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