Answer:
Estimated Property value using "cap rate" of 11% is $357,118.
Explanation:
No. of apartments = 10
Rent per month = $550
Vacancy rate = 4%
Operating Expenses = 38%
Value of Property = Operating Income / Cap rate
Value of Property = $39,283 / 11%
Value of Property = $357,118
Gross Income ( 10 x 12 x 550 x (100%-4%) = $63,360
Operating Expenses ($63360 x 38%) = <u>$24,077</u>
Net Operating Income = <u>$39,283</u>
Estimated Property value using "cap rate" of 11% is $357,118.
Answer:
This question is incomplete, here's the complete question:
As of the end of June, the job cost sheets at Racing Wheels, Inc., show the following total costs accumulated on three custom jobs.
Job 102 was started in production in May and the following costs were assigned to it in May: direct materials, $8,000; direct labor, $2,900; and overhead, $1,189. Jobs 103 and 104 are started in June. Overhead cost is applied with a predetermined rate based on direct labor cost. Jobs 102 and 103 are finished in June, and Job 104 is expected to be finished in July. No raw materials are used indirectly in June. Using this information, answer the following questions. (Assume this company�s predetermined overhead rate did not change across these months).
Explanation:
The process of Job costing is implemented in those industries where diverse jobs are undertaken. Each and every job has some unique and distinctive features that differentiate it from other. The total cost incurred for completion of Job is recorded in a sheet identified as the Job cost sheet. And after completion it is reassigned to finished stock.
Looking at the question, three jobs are considered. Job 102 was started in May and was completed by June. Other jobs begin in June and will be finished in July. The figures are to be calculated up to June.
The answer of point 1 and 2have been explained in the attached image:
Answer:
Pillows to be produced next year =14,850 units
Explanation:
<em>The expected units of a product that a business estimates to manufacture gives its sales budget and inventory is known as the production budget.</em>
<em>The production budget can bed determined by adjusting the sales budget for closing and opening inventories.</em>
<em>Production budget = Sales budget +closing inventory - opening inventory</em>
<em>No that the opening inventory for next year would be the closing inventory for the current year. Therefore, the opening inventory for next year is 1,500 units.</em>
Sales budget for next year - 15,000, closing inventory -1,350
Production budget = 15,000 + 1,350 - 1,500
= 14,850 units
Pillows to be produced next year =14,850 units
A minimum of 8.5 million African captives was transported to America during the transatlantic slave trade. From 1440–1640, the Portuguese slavers had a monopoly on the slaves export from Africa. It was in the 18th century where 6 million Africans were carried by the slave trade, while British slavers transported 2.5 million.
Answer: $210,000
Explanation:
The cash flow statement deals with actual cash being transacted. If the company received $210,000 in dividends, this came as actual cash and will therefore be the amount recorded as being received as dividends under the operating activities section of the cash flow statement.
Return on investment is usually an unrealized figure which means that it is a non-cash transaction and so will not reflect in the cashflow statement.
