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Vaselesa [24]
3 years ago
13

Cite two types of costs necessary for a real estate development. How does a construction loan differ from a permanent loan?

Business
1 answer:
evablogger [386]3 years ago
8 0

Two types of costs necessary for a real estate development is hard costs and soft costs.

Answer: Hard costs and Soft costs

<u>Explanation:</u>

For real estate development there are two types of costs - hard costs and soft costs. Hard costs is the expenses incurred directly for physical construction of the building. Soft costs is for the indirect expenses for the construction of the building.

Permanent loans have fixed rate of interests. Construction loan has got fluctuating rate of interests till the time of construction. When the prime rate changes the interest fluctuates which is termed as float.

<u></u>

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On December 31, Fighting Okra Cooking Services reports the following revenues and expenses. Service revenue $ 84,000 Postage exp
WITCHER [35]

Answer:

                Fighting Okra Cooking Services

Income Statement for the years ended December 31, xxxx

Service revenue                              $84,000

Less: Supplies expense                 <u>($19,000)</u>

Gross Income                                  $65,000

Less: Operating Expenses

Postage expense              $1,950

Legal fees expense          $2,850

Rent expense                    $11,500

Salaries expense              <u>$33,000</u>

                                                         <u>($49,300)</u>  

Operating Income                            <u>$15,700  </u>

Explanation:

The interest and Tax expenses has not been given, so the income statement is ended up on Operating income.

6 0
3 years ago
Your child is planning attend summer camp for 3 months, starting 12 months from now. The cost for camp is $2,676 per month, each
Vinil7 [7]

Answer:

Monthly deposit= $2,625.16

Explanation:

Giving the following information:

Total cost= 2,676*3= $8,028

Monthly interest rate0 0.023/12= 0.00192

<u>First, we need to calculate the nominal value required at the end of the third month:</u>

PV= FV / (1 + i)^n

FV= 8,028

i= 0.00192

n= 9 months

PV= 8,028 / (1.00192^9)

PV= $7,890.6

<u>Now, the monthly investment to reach $7,890.6:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (7,890.6*0.00192) / [(1.00192^3) - 1]

A= $2,625.16

5 0
3 years ago
ABC Company has a cash balance of $9,000 on April 1. The company must maintain a minimum cash balance of $6,000. During April ex
german
I think this may be C
7 0
3 years ago
Blue corporation's standards call for 2,500 direct labor-hours to produce 1,000 units of product. during may 900 units were prod
Vladimir [108]
Given:
standard hours: 2,500 dl for 1,000 units
actual hours: 2,400 dl for 900 units

Standard direct labor-hours per unit = 2,500 direct labor-hours ÷ 1,000 units= 2.5 direct labor-hours per unit

Standard hours allowed = 2.5 direct labor hours per unit × 900 units<span>= 2,250 hours

The standard hours allowed for may production would be 2,250 hours.</span>
6 0
3 years ago
1. Which of the following accurately explains why scarcity forces individuals and society to incur opportunity costs? A. Because
lozanna [386]

Answer:

explanation of opportunity cost:

A. Because of scarcity, people must make choices, and each choice incurs a cost

exampes of opportunity cost:

A. The money spent on a movie ticket cannot buy a Blu-ray player

C. The time spent preparing for a test cannot be spent playing computer games

Explanation:

The opportunity cost refers to the return or ouput of the resource used in the best alternative decision.

That means, the wages we get fro ma certain job most be compared with the wages we could do in another to really check if we are making a gain or not with our job.

Same applies for capital and other factors.

4 0
3 years ago
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