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- William and Miller Brown run a real estate brokerage firm. They have just moved into a new building and want to add some outdoor digital signage to advertise the firm's services. The sign they are considering has two display areas that can display two different images at the same time and costs $104,800. It is expected to have a useful life of 4 years. In an effort to recoup the cost of the sign, William and Miller will rent one display panel to other tenants in the building for $39,646 a year. Electricity to power the sign is expected to be $870 per year. (a) Calculate the annual net operating income generated by the new sign. Annual net operating income 2$ eTextbook and MediaWilliam and Miller Brown run a real estate brokerage firm. They have just moved into a new building and want to add some outdoor digital signage to advertise the firm's services. The sign they are considering has two display areas that can display two different images at the same time and costs $104,800. It is expected to have a useful life of 4 years. In an effort to recoup the cost of the sign, William and Miller will rent one display panel to other tenants in the building for $39,646 a year. Electricity to power the sign is expected to be $870 per year. (a) Your answer is correct. Calculate the annual net operating income generated by the new sign. Annual net operating income 12576 eTextbook and Media Attempts: 1 of 3 used (b) Calculate the accounting rate of return of the new sign. Accounting rate of return %Gloria is planning on opening a cake shop. She has found a location that rents for $15,550 per year and it will cost her another $13,716 to furnish the shop and purchase all the necessary equipment. She plans on charging $20 for a cake and it will cost her $3 per cake for ingredients and $1.92 per cake for decorations and $1.59 per cake for the beautiful, colorful to-go boxes. What is the dollar breakeven point she will need to earn to cover her costs in the first year? Round to the nearest whole number.
- Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her goals for the next 11 months are to sell one mixer per month and to give two to three classes per week.The cost of the fine European mixers is expected to increase. Natalie has just negotiated new terms with Wildhorse that include shipping costs in the negotiated purchase price (mixers will be shipped FOB destination from the supplier to Natalie.) Assume that Natalie has now decided to use a periodic inventory system and now must choose a cost flow assumption for her mixer inventory.Inventory as on January 31, 2023 represents three mixer purchased at a unit cost of $776.The following transactions occur in February to May 2023. Feb. 2 Natalie buys two mixers on account from Wildhorse Supply Co. for $1,560 ($780 each), FOB destination, terms n/30. 16 She sells one mixer for $1,495 cash. 25 She pays the amount owed to Wildhorse. Mar.…Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her goals for the next 11 months are to sell one mixer per month and to give two to three classes per week.The cost of the fine European mixers is expected to increase. Natalie has just negotiated new terms with Kzinski that include shipping costs in the negotiated purchase price (mixers will be shipped FOB destination). Assume that Natalie has decided to use a periodic inventory system and now must choose a cost flow assumption for her mixer inventory.Inventory as on January 31, 2019 represents three deluxe mixer purchased at a unit cost of $595.The following transactions occur in February to May 2019. Feb. 2 Natalie buys two deluxe mixers on account from Kzinski Supply Co. for $1,200 ($600 each), FOB destination, terms n/30. 16 She sells one deluxe mixer for $1,150 cash. 25 She pays the amount owed to Kzinski. Mar. 2 She buys one deluxe…Natalie is busy establishing both divisions of her business (cookie classes and mixer sales) and completing her business degree. Her goals for the next 11 months are to sell one mixer per month and to give two to three classes per week.The cost of the fine European mixers is expected to increase. Natalie has just negotiated new terms with Wildhorse that include shipping costs in the negotiated purchase price (mixers will be shipped FOB destination from the supplier to Natalie.) Assume that Natalie has now decided to use a periodic inventory system and now must choose a cost flow assumption for her mixer inventory.Inventory as on January 31, 2023 represents three mixer purchased at a unit cost of $776.The following transactions occur in February to May 2023. Feb. 2 Natalie buys two mixers on account from Wildhorse Supply Co. for $1,560 ($780 each), FOB destination, terms n/30. 16 She sells one mixer for $1,495 cash. 25 She pays the amount owed to Wildhorse. Mar.…
- Now that Tracy has completed her first year in her business, she would like to expand to another location. She has looked at a property near Ft. Lee. She feels this is a prime location since she could provide cupcakes for events and office celebrations at Ft. Lee. She can purchase the property for $48,000 and believes she can build a building with all of the equipment for an additional $148,000. The estimated sales at the new location is $223,000 with a net operating income of $53,000. The minimum acceptable return for these types of investments is 23%. Tracy remembers studying return on investment and residual income from her college classes but needs you to do the calculations and explain what the numbers mean. A.explaining residual income and return on investment on this new venture. B.Calculate both, explain your calculations, and if this will be a good investment for her. Your paper is to be at least one page.The orthopods & the radiologistSuppose that there are ten orthopaedic surgeons that have their private consultation rooms in a shared facility. Currently each earns $20,000 per month and pays $10,000 per month towards the operating expenses of the joint facility.A world renowned radiologist has just moved to town and is deliberating over where to set-up his practice. If he goes it alone he will earn $300,000 per month and will have to incur a monthly operating cost of $100,000. On the other hand, the orthopods have calculated that if they were to accommodate him in their existing facility, their total operating costs would increase from $100,000 to $120,000 per month, but each individual practice will increase its revenues from $20,000 to $50,000 per month. Moreover, they have convinced the radiologist, that his practice will also increase revenues from patients by $20,000 per month.Assuming that the 10 orthopods have chosen a representative to negotiate with the radiologist (so…Staci Valek began dabbling in pottery several years ago as a hobby. Her work is quite creative, and it hasbeen so popular with friends and others that she has decided to quit her job with an aerospace company andmanufacture pottery full time. The salary from Staci’s aerospace job is $3,800 per month.Staci will rent a small building near her home to use as a place for manufacturing the pottery. Therent will be $500 per month. She estimates that the cost of clay and glaze will be $2 for each finishedpiece of pottery. She will hire workers to produce the pottery at a labor rate of $8 per pot. To sell herpots, Staci feels that she must advertise heavily in the local area. An advertising agency states that it willhandle all advertising for a fee of $600 per month. Staci’s brother will sell the pots; he will be paid acommission of $4 for each pot sold. Equipment needed to manufacture the pots will be rented at a costof $300 per month.Staci has already paid the legal and filing fees…
- An undergraduate engineering student and her husband operate a pet-sitting service to help make ends meet. They want to add a daily service of a photo placed online for pet owners who are traveling. The estimates are: equipment and setup cost $950; net monthly income over costs $70. Over a period of 3 years, will the service make at least 12% per year compounded monthly?Dr. Magneto is evaluating whether to open a private MRI clinic in leased office space in a local strip mall. The clinic will run for two years and then close. Before the clinic opens, the offices require $200,000 of renovations. Dr. Magneto will buy $20,000 of computer equipment and one MRI machine. The MRI machine (GE 3.0T Signa Excite HD) costs $2.4M. Assume that the renovations, computer equipment, and MRI are paid for at the beginning of the first year (t=0) and that all three are classified as 15-year property (with depreciation rates of 5% and 9.5% in the first two years). Assume that the MRI machine will be sold for $500,000 at the end of the second year of business at which time the computer equipment will be worthless. The clinic can perform 72 scans per week for 49 operational weeks per year and will charge $600 per scan. The clinic will need two technicians, two receptionists, and one office manager. Wages, salaries, and other payroll costs (i.e., health insurance premiums)…You graduate and decide you will start a consulting business out of your home. To perform the basic analysis needed for your field, you need to purchase testing equipment. The seller has 2 prices, one for incorporated businesses ($25,000) and one for individuals ($20,000). The salvage value of this equipment after 4 years is predicted to be $10,000 in both cases. You and your partner are debating whether it is better to pay the higher purchase price and be able to depreciate the asset at a CCA rate of 30%, with the corporate tax rate of 40% OR to just keep them as a personal asset, with a sales tax rate of 10% at the time of sale. If we ignore the big picture arguments to be made here, what are the tax implications involved with each purchase/ sale option?
