Homework Answers
Solution:
Given Data:
Net Operating Income = $ 900,000,
Cost of Sale (Broker + Atty) = 6%,
Current Loan Balance = $ 2,000,000,
Loan to Value Ratio = 75 %,
Capitalization Rate = 10.00%,
1) Cash
available when property is sold:
= [9000,000 * 6%+ 9000,000 * 9.5%]
= 1395,000
2) Cash available if
property is refinanced:
= 1395,000 + 9000,000 * 25% -2,000,000
= 1,645,000
Please give Positive Rating...
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3) Given the following: Net Operating Income Cost of Sale (Broker Atty) Current Loan Balance Loan...
Finance: Cash available for distribution to the equity partners.
3) Given the following:Net Operating Income $ 900,000 Cost of Sale (Broker + Atty) 6 %Current Loan Balance$ 2000,000 Loan to Value Ratio 75 %Capitalization Rate10.0 % What is the cash available for distribution to the equity partners under each of the following scenarios?a) The property is sold.b) The property is refinanced.
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help A comparative balance sheet and an income statement for Burgess Company are given below. Burgess...
help
A comparative balance sheet and an income statement for Burgess Company are given below. Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance $ 43 680 670 1,393 1,545 794 $ 89 624 626 1,339 1,520 663 857 $ 2, 196 751 $2,144 Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities:...
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Calculate the following:
- Net income
- Operating income
- Total assets
- Total Liabilities
- Total stockholders equity
- Gross revenue
- Net revenue
- Operating margin ratio
- Net profit margin ratio
- Estimated cash flow
- Times interest earned ratio
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A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company...
A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance $ $ 41 660 660 1,361 1,525 782 743 85 606 618 1,309 1,502 657 845 $2,104 $ 2,154 Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable...
A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company...
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A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance $ 56 810 735 601 $ 115 741 678 1,534 1,637 702 935 $ 2,469 675 803 $ 2,404 Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable...
help
A comparative balance sheet and an income statement for Burgess Company are given below. Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance $ 43 680 670 1,393 1,545 794 $ 89 624 626 1,339 1,520 663 857 $ 2, 196 751 $2,144 Assets Current assets: Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities:...
Calculate the following:
- Net income
- Operating income
- Total assets
- Total Liabilities
- Total stockholders equity
- Gross revenue
- Net revenue
- Operating margin ratio
- Net profit margin ratio
- Estimated cash flow
- Times interest earned ratio
Prestige Worldwide - Trial balance as of December 31, 2018: Gross Service Revenue $ 115,981,250 Bad Debt Expense 2,655,000 (3,575,000) Discounts on Sales Salaries $ 55,825,000 Benefits 14,178,292 Administrative 4,342,500 Insurance 325,000 Interest 164,575 Depreciation 3,200,000 Maintenanсe...
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