A general example of common area maintenance (CAM) charges might be as follows: (1) a retail mall contains 2 million square feet of space, of which 1.2 million is rentable area and 800,000 square feet is common area; (2) total CAM expenses are $3,000,000 for the year; and (3) anchor tenants occupy 700,000 square feet of rentable area and in-line tenants occupy 500,000 square feet. The owner of the mall has negotiated with four anchor tenants that they will pay $2 per rentable foot for CAM charges on a combined total of 700,000 square feet. As per this example, what will be the CAM charges per rentable square foot for in-line tenants?

Steven and Donna have been married for 35 years. Both are in great health, but they feel it is time that they start planning for their future health needs. Steven is 60 years old, and Donna is 61 years old. They have been approached by a long-term care insurance salesperson who is offering the following insurance product: . . . . Annual maximum benefit: $67,200 or 80% of annual cost, whichever is less. Daily maximum benefit: $187 or 80% of daily cost, whichever is less. Billing cycle: 360 days. Premium for policy with 180-day elimination period: $3,248. Premium for policy with 90-day elimination period: $3,696. Premium for policy with 30-day elimination period: $4,256. Steven and Donna are interested in possibly purchasing one of these policies. Use the following information to help them analyze which policy may be the best alternative, The current annual cost of a good nursing care facility in their area is $91,440, They have $28,000 saved in a money market savings account, $11,200 in…

Imperial Jewelers manufactures and sells a gold bracelet for $408.00. The company’s accounting system says that the unit product cost for this bracelet is $259.00 as shown below:   Direct materials $ 141 Direct labor 82 Manufacturing overhead 36 Unit product cost $ 259   The members of a wedding party have approached Imperial Jewelers about buying 29 of these gold bracelets for the discounted price of $368.00 each. The members of the wedding party would like special filigree applied to the bracelets that would increase the direct materials cost per bracelet by $12. Imperial Jewelers would also have to buy a special tool for $457 to apply the filigree to the bracelets. The special tool would have no other use once the special order is completed.   To analyze this special order opportunity, Imperial Jewelers has determined that most of its manufacturing overhead is fixed and unaffected by variations in how much jewelry is produced in any given period. However, $13.00 of the…