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Question - Evaluate the purchase of an existing 950 unit apartment complex for $12500000, the building is assumed to have a 20 year functional life. Treat the rents as being collected at the end of each year, along with associated variable and fixed costs. Assume rent controls will prohibit the rent from being raised over the life of the building. Assume that the underlying property reverts to the original owners at the end of twenty years, and that you will also be responsible for demolition and clean-up costs, to be incurred at the end of the building's life. Rentals are estimated at 855 units per year. Each unit will be rented for a cumulative monthly amount of $16000 per year. Cost per unit when rented $8000 per year. Fixed costs $3000000 per year for the building, other than the initial investment. Demolition/Clean up $6000000 after-tax. Depreciation is to be straight-line. Assume the project can be financed at 8% (before-tax) using debt. Tax Rate is 30%. Assuming your Net Income is $2440800, what must your EBIT be?
How many pupils do Molly and Kathleen need to enroll in their class to break even and If Molly and Kathleen want to make a profit of $5,000 for the summer, how many pupils do they need to enroll?
For 20Y2 and 20Y3, determine (2) the number of days' sales in receivables. Round to the nearest dollar and one decimal place
The following information relates to Vice Versa Ventures for calendar year 20XX, the company’s first year of operations: Create an income statement using full costing.
Journalize the adjusting entry for bad debts on December 31, 2021, assuming that the unadjusted balance in Allowance for Doubtful Accounts is a debit.
Determine the amount of taxable dividend, nontaxable distribution, and capital gain, for the distributions made in each of the following cases: SHOW WORK
The estimated residual value is $8,000. The truck has a useful life of 5 years, Calculate depreciation using the straight-line method for 2017 and 2018
Which one of the following below should be added to net income in calculating net cash flow from operating activities using the indirect method?
What would the equity section of its balance sheet show at year end? Puppet Corporation began with an investment by shareholders of $19,000.
If he withdraws $1750.00 at the beginning of every month and interest is 7.5% compounded monthly, what is the size of the last withdrawal?
Ernest, an individual, receives $100 from Vernon Corp. in dividends and is in the 28% tax bracket. Vernon Corp. already paid corporate taxes on the $100 at a 20% tax rate. Explain how much in personal taxes will Ernest need to pay?
Calculate the per unit Budget amount for each revenue and cost item and multiple the per unit budgeted amount with step with the number of tickets sold
Prepare the journal entry to record the issuance of the bonds and the related bond issue costs incurred on January 1, 2009 and prepare a bond amortization schedule up to and including January 1, 2013, using the effective interest method.
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