Determine the optimal retail space area and number of family

Assignment Help Managerial Accounting
Reference no: EM132706406

A realtor is developing a rental housing and retail area. The housing area consists of efficiency apartments, duplexes, and single-family homes. Maximum demand by potential renters is estimated to be 500 efficiency apartments, 300 duplexes, and 250 single-family homes, but the number of duplexes must equal at least 50% of the number of efficiency apartments and single homes. Retail space is proportionate to the number of home units at the rated of at least 10ft2, 15ft2 and 18 ft2 for efficiency, duplex and single family units respectively. However, land availability limits retail space to no more than 10,000 ft2. The monthly rental income is estimated at $600, $750, and $1200 for efficiency, duplex, and single-family units, respectively. The retail space rents for $100/ft2.

Problem 1: Determine the optimal retail space area and the number of family residences.

Reference no: EM132706406

Questions Cloud

Strengths and weaknesses of a city university : Give atleast 5 strengths and 5 weaknesses of a city university.
Explain the two opposing forces : Explain the two opposing forces - cost reduction and adaptation to local markets - that firms must deal with when they go global.
Identify systems for the risk assessment : This week, you will submit the second project, VM Scanner Background Report, based on the Nessus Report. As you are writing your report, you may want to refer.
Role in the national labor relations board : What are some of the key participants and their role in the National Labor Relations Board?
Determine the optimal retail space area and number of family : A realtor is developing a rental housing and retail area. Determine the optimal retail space area and the number of family residences.
Why did a multinational company ebay fail : Why did a multinational company eBay fail and was defeated by the local Chinese company TaoBao and finally left?
What diversification strategy is being implemented : Alibaba, founded by Jack Ma in 1999, has increased the company's value phenomenally. What diversification strategy is being implemented by Alibaba?
Success of alibaba business diversification : The success of Alibaba's business diversification is due to its success in providing the right value proposition to its customers. One of the Alipay business
Calculate the net present value followed by recommendations : The tax rate is 30%, and the cost of capital is 14%. Calculate the Payback Period and Net Present Value followed by recommendations

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd