Homework Answers
ANSWER IS OPTION B
GMI CAN BE CALCULATED BY DIVIDING SELLING PRICE BY EFFECTIVE GROSS INCOME .THE CHART SHOWS THAT THE GMI FOR THE PROPERTY 1,2,3 IS APPROXIMATELY 10.2
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QUESTION 29 What is the gross income multiplier? Property 1 Property 2 Property 3 Subject NOI...
QUESTION 35 What is the capitalization rate? / / Property 1 Property 2 Property 3 Subject...
QUESTION 35 What is the capitalization rate? / / Property 1 Property 2 Property 3 Subject / NOI 82,000 75,000 94,000 60,000 EGI 122,000 111,500 140,000 108,000 Selling Price 1,250.600 1,146,300 1,433,600 / / 0.047 0.115 0.066 0.097
#1 MULTIPLE CHOICE (no need to show work but please get right) 1. A property has a net operating income of $25,000 and the capitalization rate used in the market is 10%. What is the indicated value? a...
#1 MULTIPLE CHOICE (no need to show work but please get right) 1. A property has a net operating income of $25,000 and the capitalization rate used in the market is 10%. What is the indicated value? a) $250,000 b) $300,000 c) $325,000 d) $2,500,000 2. A property sold for $555,000. The buyer anticipated that the potential gross income (PGI) would be $93,000, the vacancy would be 5%, and expenses would be 35% of the effective gross income (EGI) in...
Case 4-29 (Algo) Variable and Absorption Costing Unit Product Costs and Income Statements [LO4-1, LO4-2] [The...
Case 4-29 (Algo) Variable and Absorption Costing Unit Product Costs and Income Statements [LO4-1, LO4-2] [The following information applies to the questions displayed below.] O’Brien Company manufactures and sells one product. The following information pertains to each of the company’s first three years of operations: Variable costs per unit: Manufacturing: Direct materials $ 29 Direct labor $ 18 Variable manufacturing overhead $ 4 Variable selling and administrative $ 3 Fixed costs per year: Fixed manufacturing overhead $ 560,000 Fixed selling...
TABLE 7.3 MACRS for Residential Real Property (27.5-year property) Year 1 2 3 4 Month Placed...
TABLE 7.3 MACRS for Residential Real Property (27.5-year property) Year 1 2 3 4 Month Placed in Service 5 6 7 Depreciation Rate 8 9 10 11 12 1 2-27 28 29 3.485% 3.636 1.970 0.000 3.182% 3.636 2.273 0.000 2.879% 3.636 2.576 0.000 2.576% 3.636 2.879 0.000 2.273% 3.636 3.182 0.000 1.970% 3.636 3.458 0.000 1.667% 3.636 3.636 0.152 1.364% 3.636 3.636 0.455 1.061% 3.636 3.636 0.758 0.758% 3.636 3.636 1.061 0.455% 3.636 .636 1.364 0.152% 3.636 3.636 1.667...
Question 1 Kylie is single and has taxable income of $320,000 of which $130,000 is attributable...
Question 1 Kylie is single and has taxable income of $320,000 of which $130,000 is attributable to her consulting sole proprietorship. She paid W-2 wages to her employees of $75,000. If the threshold amount for 2018 is $157,500, what is Kylie’s qualified business income deduction? Question 1 options: 1) $0 2) $11,000 3) $26,000 4) $32,500 Question 2 Sabrina is single and has taxable income of $195,700, of which $140,000 is attributable to her consulting sole proprietorship. She paid W-2...
i need help with 29,30,31,33 Question 29 (2 points) ABC Company had $1,000,000 in sales in...
i need help with 29,30,31,33
Question 29 (2 points) ABC Company had $1,000,000 in sales in 20x6. The company is expecting sales to increase by 20% in 20x7. What is the better prediction for sales in Quarter 4 of 20x7, based on the quarterly sales figures below: Quarter 1 Quarter 2 Quarter 3 Quarter 4 $300,000 $100,000 $100,000 $500,000 $360,000 $600,000 $500,000 $300,000 Question 30 (2 points) Both the production budget and the cash collections budget are directly based on...
Question 11 A company reported the following amounts of net income: 2 pts Year 1 Year...
Question 11 A company reported the following amounts of net income: 2 pts Year 1 Year 2 Year 3 $15,000 $21,000 $31,500 If you performed a horizontal analysis between year 2 and year 3, what is the percentage change? O 50.00% O 110.00% 150.00% 40.00% 2 pts The Nichols Corporation data for the current year: 2 pts AM 000 000 Long-term Commonstad 5,000 Shares Remed cam Net COGS Gross Pro Selling Generales Net Income before taxe Income tax expen Net...
Question 1 1 pts Carney's current income statement shows the following: $500,000 Sales revenue Cost of...
Question 1 1 pts Carney's current income statement shows the following: $500,000 Sales revenue Cost of goods sold Variable costs Fixed costs Gross profit Selling and administrative expenses Variable costs Fixed costs $150,000 150,000 300,000 200,000 100,000 50,000 150,000 $50,000 Net income What is Carney's margin of safety? $125,000 $100,000 $50,000 $166,667 Question 2 1 pts Truman Company has developed a new gadget with the following cost information Variable manufacturing costs: $25 per unit Fixed manufacturing costs: $60,000 Variable selling...
1. 2. 3. 4. 5. Use this information for Kellman Company to answer the question that...
1.
2.
3.
4.
5.
Use this information for Kellman Company to answer the question that follow. The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Total current assets Total investments Total property, plant, and equipment Total current liabilities Total long-term liabilities Preferred 9% stock, $100 par Common stock, $10 par Paid in capital in excess of par-Common stock Retained earnings Year 2 $600,000 60,000 900,000 125,000 350,000 100,000...
question 1 question 2 question 3 Question Wildhorse Company had $273,300 of net income in 2019...
question 1
question 2
question 3
Question Wildhorse Company had $273,300 of net income in 2019 when the selling price per unit was $155, the variable costs per unit were $90, and the fixed costs were $571,700. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Wildhorse Company is under pressure from stockholders to increase net income by $39,000 in 2020, Compute the number of units sold in 2019. Compute the...
QUESTION 35 What is the capitalization rate? / / Property 1 Property 2 Property 3 Subject / NOI 82,000 75,000 94,000 60,000 EGI 122,000 111,500 140,000 108,000 Selling Price 1,250.600 1,146,300 1,433,600 / / 0.047 0.115 0.066 0.097
TABLE 7.3 MACRS for Residential Real Property (27.5-year property) Year 1 2 3 4 Month Placed in Service 5 6 7 Depreciation Rate 8 9 10 11 12 1 2-27 28 29 3.485% 3.636 1.970 0.000 3.182% 3.636 2.273 0.000 2.879% 3.636 2.576 0.000 2.576% 3.636 2.879 0.000 2.273% 3.636 3.182 0.000 1.970% 3.636 3.458 0.000 1.667% 3.636 3.636 0.152 1.364% 3.636 3.636 0.455 1.061% 3.636 3.636 0.758 0.758% 3.636 3.636 1.061 0.455% 3.636 .636 1.364 0.152% 3.636 3.636 1.667...
i need help with 29,30,31,33
Question 29 (2 points) ABC Company had $1,000,000 in sales in 20x6. The company is expecting sales to increase by 20% in 20x7. What is the better prediction for sales in Quarter 4 of 20x7, based on the quarterly sales figures below: Quarter 1 Quarter 2 Quarter 3 Quarter 4 $300,000 $100,000 $100,000 $500,000 $360,000 $600,000 $500,000 $300,000 Question 30 (2 points) Both the production budget and the cash collections budget are directly based on...
Question 11 A company reported the following amounts of net income: 2 pts Year 1 Year 2 Year 3 $15,000 $21,000 $31,500 If you performed a horizontal analysis between year 2 and year 3, what is the percentage change? O 50.00% O 110.00% 150.00% 40.00% 2 pts The Nichols Corporation data for the current year: 2 pts AM 000 000 Long-term Commonstad 5,000 Shares Remed cam Net COGS Gross Pro Selling Generales Net Income before taxe Income tax expen Net...
Question 1 1 pts Carney's current income statement shows the following: $500,000 Sales revenue Cost of goods sold Variable costs Fixed costs Gross profit Selling and administrative expenses Variable costs Fixed costs $150,000 150,000 300,000 200,000 100,000 50,000 150,000 $50,000 Net income What is Carney's margin of safety? $125,000 $100,000 $50,000 $166,667 Question 2 1 pts Truman Company has developed a new gadget with the following cost information Variable manufacturing costs: $25 per unit Fixed manufacturing costs: $60,000 Variable selling...
1.
2.
3.
4.
5.
Use this information for Kellman Company to answer the question that follow. The balance sheets at the end of each of the first two years of operations indicate the following: Kellman Company Total current assets Total investments Total property, plant, and equipment Total current liabilities Total long-term liabilities Preferred 9% stock, $100 par Common stock, $10 par Paid in capital in excess of par-Common stock Retained earnings Year 2 $600,000 60,000 900,000 125,000 350,000 100,000...
question 1
question 2
question 3
Question Wildhorse Company had $273,300 of net income in 2019 when the selling price per unit was $155, the variable costs per unit were $90, and the fixed costs were $571,700. Management expects per unit data and total fixed costs to remain the same in 2020. The president of Wildhorse Company is under pressure from stockholders to increase net income by $39,000 in 2020, Compute the number of units sold in 2019. Compute the...
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