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AysviL [449]
3 years ago
10

A commercial real estate developer plans to borrow money to finance an upscale mall in an exclusive area of the city. The develo

per plans to get a loan that will be repaid with uniform payments of $475,000 beginning in year 2 and ending in year 16. How much will a bank be willing to loan at an interest rate of 7% per year

Business
1 answer:
Nutka1998 [239]3 years ago
5 0

Answer:

$4,043,232.85

Explanation:

First we have to compute the present value which is attached in the spreadsheet

Given that,  

Future value = $0

Rate of interest = 7%

NPER = 15 years

PMT = $475,000

The formula is shown below:

= -PV(Rate;NPER;PMT;FV;type)

So, after solving this, the present value is $4,326,259.15

No the loan amount would be

= (Present value) ÷ (1 + interest rate)

=  $4,326,259.15  ÷ 1.07

= $4,043,232.85

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If April 15th falls on a Saturday, the due date for individual tax returns will be on Monday, April 17th (assuming it is not a holiday): TRUE

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Complete question:

If April 15th falls on a Saturday, the due date for individual tax returns will be on Monday, April 17th (assuming it is not a holiday). TRUE or FALSE

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The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and
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Total= $159,552



Giving the following information:
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The amount of commission charged to a customer to effect a securities transaction:____.
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Graphically, the full-employment, stable-inflation, rapid-growth economy of the last half of the 1990s is depicted by a?
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7 0
1 year ago
Below are departmental income statements for a guitar manufacturer. The manufacturer is considering dropping its electric guitar
s2008m [1.1K]

Answer:

Wholesale Guitars

WHOLESALE GUITARS

Departmental Contribution Income Statements

For Year Ended December 31, 2013

                                                       Acoustic       Electric

Sales                                              $ 111,500  $ 105,500

Cost of goods sold                          55,675       66,750

Variable operating expenses         29,480       24,200

Total variable costs                       $85,155     $90,950

Contribution margin                   $26,345      $14,550

Total fixed (indirect) costs            $17,225       $14,750

Net operating income (loss)          $9,120          $(200)

Explanation:

a) Data and Calculations:

WHOLESALE GUITARS

Departmental Income Statements

For Year Ended December 31, 2013

                                                       Acoustic       Electric

Sales                                              $ 111,500  $ 105,500

Cost of goods sold                          55,675       66,750

Gross profit                                     55,825        38,750

Operating expenses

Advertising expense                        8,075         6,250

Depreciation expense-equipment 10,150         9,000

Salaries expense                            17,300        13,500

Supplies expense                           2,030           1,700

Rent expense                                  6,105          5,950

Utilities expense                             3,045         2,550

Total operating expenses            46,705       38,950

Net income (loss)                         $ 9,120        $ (200 )

Total operating expenses            46,705       38,950

Less fixed costs:

Advertising expense                      8,075         6,250  

Rent expense                                 6,105         5,950

Utilities expense                            3,045         2,550

Total fixed (indirect) costs         $17,225      $14,750

Variable operating expenses   $29,480    $24,200

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