FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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- Calculate the appreciation rate of each home. Show your work. Then, write at least two paragraphs that discuss which home you’d like to buy, based on the rate at which it will appreciate and its features. In paragraph 1, include each appreciation rate. Why do you think the appreciation rates are different for each home? Explain your reasoning. In paragraph 2, compare and contrast the features of the homes, based on what you would be looking for in a house. Be sure to state which home you would want to buy. (If you buy Home 1, you think that you will own it for 3.5 years, but if you buy Home 2, you will likely own it for 7.25 years. You’re unsure how long you might stay in Home 3, but you think it would be about 4.75 years.)arrow_forwardPlease solve itarrow_forwardAn owner can lease her building for 100,000 per year for three years.aThe explicit cost of maintaining the building is cost 35,000 and the implicit cost is 50,000.All revenue are received and cost are borne at the end of each year.If the interest rate is 4 percent,determine the present value of the stream of: (I) accounting profit(II) ecenomic profitsarrow_forward
- help please answer in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all workingarrow_forwardPLEASE, PERFORM THE EXERCISE IN EXCEL AND SHOW THE FORMULASProblem 2:René Lara has just signed in notary #8, the contract for the purchase and sale of a house, for a value of 1'470,000.00. He showed the seller the equivalent of a 20% down payment, and the notary the deed expenses, valued at $25,000.00 and will pay the rest in equal monthly payments during the next 15 years, which include interest at 9½% nominal interest. a) Find the value of each of the monthly payments.b) Find the total amount paid.c) Find the total amount of interest paid.d) Find the effective rate. Note:In the image, this is the original exercise, it is in Spanish, but it is easy to understand. Very important Note:It is necessary that you make a solution approach and then the result. Above all, to check the procedure and/or the formulas used, especially when you use excel.arrow_forwardCould you please solve these questions?arrow_forward
- You must decide whether to buy, build or lease a building for your business needs over the next 10 years. If you decide to build, you must determine if it is better to buy an existing building and modify it or buy land and build one to match your needs. Leasing an appropriate building will cost $10,000 per month with an annual increase of 3% per year and will require some retrofitting to suit your needs ($700,000). Empty land will cost $2,500,000 and the construction of a new building would be $3,000,000. You can buy an existing building for $2,500,000 but you will have to modify it to your needs at a cost of $1,200,000. However, the building itself is quite old and will be at the end of its useful life when the ten years are up. You estimate that the land alone is worth $2,000,000. There is a municipal election scheduled in the next months. The frontrunner, who has an estimated 70% chance of winning, is prioritizing core services and the environment. If they win, there is a 65% chance…arrow_forwardCalculate the property tax rate required to meet the budgetary demands of the community. Note: When calculating budgetary demands, always round up. (Round your answers to two decimal places.) Property Tax Rate Total Assessed Total Community Property Таxes Per $100 (in $) Per $1,000 Valuation Required Percent Mills (in $) 4.95 $ 4.95 $ 49.47 32,600 Morningside $659,000,000 $32,600,000 %arrow_forwardCaddis Company acquired a building with a loan that requires payments of $19,000 every six months for 3 years. The annual interest rate on the loan is 8%. What is the present value of the building? (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Multiple Choice O O O O $99,600 $114,000 $38,988 $65,402 $48,965arrow_forward
- you are pricing a property and found four suitable comparables (I,II,III and IV) with the following adjusted sales prices I. 127,000 II. 131,000 III. 133,000 IV. 128,000 In your opinion, property II was the most similar to you decided to "weoght" it with 60% of the total value estimate. accordingly you decide to "weight" property I with 20%. Properties II and IV were least like the subject property and you gave them each 10% for a total of 100%. what is your estimate of what the property is worth? A. 129,750 B. 131,000 C. 133,000 D. 130,100arrow_forwardRefer to the data provided in Table 11.3 below to answer the following question(s). Table 11.3 Project New computer for sales staff Remodel for distribution center On-site day care center Employee fitness center Total Investment (dollars) $250,000 $200,000 $100,000 $50,000 Expected Rate of Return (percentage) 11 9 5 4 Refer to Table 11.3. If the interest rate is 2.5%, Blackstar Drone Manufacturing should O not fund any of the projects. fund all of the projects. fund all of the projects except for the employee fitness center. O fund only the employee fitness center.arrow_forwardWhich projects, if any, would you recommend funding? Briefly explain why.arrow_forward
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