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Chapter 17 question 2
Felice bought a duplex apartment at a cost of $165,000. Her mortgage...
Felice bought a duplex apartment at a cost of $165,000. Her mortgage payments on the property...
Felice bought a duplex apartment at a cost of $165,000. Her mortgage payments on the property are $1,780 per month, $858 of which can be deducted from her income taxes. Her real estate taxes total $2,364 per year, and insurance costs $1,320 per year. She estimates that she will spend $1,242 each year per apartment for maintenance, replacing appliances, and other costs. The tenants will pay for all utilities. What must she charge to make $3,700 in profit each year?
Felice bought a duplex apartment at a cost of $215,000. Her mortgage payments on the property...
Felice bought a duplex apartment at a cost of $215,000. Her mortgage payments on the property are $1,020 per month, $516 of which can be deducted from her income taxes. Her real estate taxes total $1,452 per year, and insurance costs $1,224 per year. She estimates that she will spend $1,548 each year per apartment for maintenance, replacing appliances, and other costs. The tenants will pay for all utilities. What must she charge to make $4,600 in profit each year?...
Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $36,000....
Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $36,000. The object is to save on horse transporter rentals. Marsha had been renting a transporter every other week for $201 per week plus $1.05 per mile. Most of the trips are 90 miles in total. Marsha usually gives the driver a $45 tip. With the new transporter she will only have to pay for diesel fuel and maintenance, at about $.46 per mile. Insurance...
Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $50,000....
Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $50,000. The object is to save on horse transporter rentals. Mars a had been renting a transporter every oter ee r S2 15 per week plus $1.75 per mile. Most o t erips are o miles n otal Mar na su ives ed era 54 ·With the ne tr spor er she wil have o a for diesel fuel and maintenance, at about $.60 per...
Question: Kim operates a hotel at and charges guests $60 per day . Included in this...
Question: Kim operates a hotel at and charges guests $60 per day . Included in this price is a free breakfast. Kim’s hotel has the capacity to rent 5,000 days per year. The hotel has the following costs: • Depreciation on the hotel is $60,000 per year. • Kim employs a maintenance person at an annual salary of $41,000 • Kim employs a cleaning person at an annual salary of $24,000. •Real estate taxes are $10,000 per year. •Costs for...
Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $53...
an explanation would be great!
Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $53,000. The object is to save on horse transporter rentals. Marsha had been renting a transporter every other week for $218 per week plus $1.90 per mile. Most of the trips are 90 miles in total. Marsha usually gives the driver a $35 tip. With the new transporter she will only have to pay for diesel fuel and maintenance, at...
121 value: 10.00 points Marsha Jones has bought a used Mercedes horse transporter for her Connecticut...
121 value: 10.00 points Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $46,000. The object is to save on horse transporter rentals. Marsha had been renting a transporter every other week for $211 per week plus $1.55 per mile. Most ot the trips are 90 miles in total. Marsha usually gives the driver a $45 tip. With the new transporter she will only have to pay for diesel fuel and maintenance, at about...
121 value: 10.00 points Marsha Jones has bought a used Mercedes horse transporter for her Connecticut...
121 value: 10.00 points Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $46,000. The object is to save on horse transporter rentals. Marsha had been renting a transporter every other week for $211 per week plus $1.55 per mile. Most ot the trips are 90 miles in total. Marsha usually gives the driver a $45 tip. With the new transporter she will only have to pay for diesel fuel and maintenance, at about...
Answer this question for each part, (please provide detailed answers with Formula) Problem 1: Jane Botosan...
Answer this question for each part, (please provide detailed
answers with Formula)
Problem 1: Jane Botosan operates a bed and breakfast hotel in a resort area near Lake Michigan. Depreciation on the hotel is S60,000 per year. Jane employs a maintenance person at an annual salary of $41,000 and a cleaning person at an annual salary of S24,000. Real estate taxes are $10,000 per year. The rooms rent at an average price of S60 per person per night including breakfast....
(Ignore income taxes in this problem.) Jane Summers has just inherited S640,000 from her mother's estate....
(Ignore income taxes in this problem.) Jane Summers has just inherited S640,000 from her mother's estate. She is considering investing part of these funds in a small catering business. She would need to purchase a delivery van and various equipment costing $104,000 to equip the business and another $50,800 for inventories and other working capital needs. Rent on the building used by the business will be $25,200 per year. Jane's marketing studies indicate that the annual cash inflow from the...
Felice bought a duplex apartment at a cost of $215,000. Her mortgage payments on the property are $1,020 per month, $516 of which can be deducted from her income taxes. Her real estate taxes total $1,452 per year, and insurance costs $1,224 per year. She estimates that she will spend $1,548 each year per apartment for maintenance, replacing appliances, and other costs. The tenants will pay for all utilities. What must she charge to make $4,600 in profit each year?...
Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $36,000. The object is to save on horse transporter rentals. Marsha had been renting a transporter every other week for $201 per week plus $1.05 per mile. Most of the trips are 90 miles in total. Marsha usually gives the driver a $45 tip. With the new transporter she will only have to pay for diesel fuel and maintenance, at about $.46 per mile. Insurance...
Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $50,000. The object is to save on horse transporter rentals. Mars a had been renting a transporter every oter ee r S2 15 per week plus $1.75 per mile. Most o t erips are o miles n otal Mar na su ives ed era 54 ·With the ne tr spor er she wil have o a for diesel fuel and maintenance, at about $.60 per...
an explanation would be great!
Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $53,000. The object is to save on horse transporter rentals. Marsha had been renting a transporter every other week for $218 per week plus $1.90 per mile. Most of the trips are 90 miles in total. Marsha usually gives the driver a $35 tip. With the new transporter she will only have to pay for diesel fuel and maintenance, at...
121 value: 10.00 points Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $46,000. The object is to save on horse transporter rentals. Marsha had been renting a transporter every other week for $211 per week plus $1.55 per mile. Most ot the trips are 90 miles in total. Marsha usually gives the driver a $45 tip. With the new transporter she will only have to pay for diesel fuel and maintenance, at about...
121 value: 10.00 points Marsha Jones has bought a used Mercedes horse transporter for her Connecticut estate. It cost $46,000. The object is to save on horse transporter rentals. Marsha had been renting a transporter every other week for $211 per week plus $1.55 per mile. Most ot the trips are 90 miles in total. Marsha usually gives the driver a $45 tip. With the new transporter she will only have to pay for diesel fuel and maintenance, at about...
Answer this question for each part, (please provide detailed
answers with Formula)
Problem 1: Jane Botosan operates a bed and breakfast hotel in a resort area near Lake Michigan. Depreciation on the hotel is S60,000 per year. Jane employs a maintenance person at an annual salary of $41,000 and a cleaning person at an annual salary of S24,000. Real estate taxes are $10,000 per year. The rooms rent at an average price of S60 per person per night including breakfast....
(Ignore income taxes in this problem.) Jane Summers has just inherited S640,000 from her mother's estate. She is considering investing part of these funds in a small catering business. She would need to purchase a delivery van and various equipment costing $104,000 to equip the business and another $50,800 for inventories and other working capital needs. Rent on the building used by the business will be $25,200 per year. Jane's marketing studies indicate that the annual cash inflow from the...
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