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LenaWriter [7]
3 years ago
10

You own a house that you rent for $1,325 per month. The maintenance expenses on the house average $245 per month. The house cost

$228,000 when you purchased it 4 years ago. A recent appraisal on the house valued it at $250,000. If you sell the house you will incur $20,000 in real estate fees. The annual property taxes are $2,950. You are deciding whether to sell the house or convert it for your own use as a professional office. What value should you place on this house when analyzing the option of using it as a professional office?a. $225,480b. $250,000c. $0d. $230,000e. $228,000
Business
1 answer:
ANTONII [103]3 years ago
5 0

Answer:

d. $230,000

Explanation:

Calculation to determine What value should you place on this house when analyzing the option of using it as a professional office

Using this formula

Opportunity cost = Recent appraisal on the house - Real estate fees

Let plug in the formula

Opportunity cost = $250,000 - $20,000

Opportunity cost = $230,000

Therefore the value you should place on this house when analyzing the option of using it as a professional office is $230,000

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Teller Co. is planning to sell 900 boxes of ceramic tile, with production estimated at 870 boxes during May. Each box of tile re
BartSMP [9]

Answer:

38880

Explanation:

Budgeted sales -870 boxes

Each box requires 44 pounds of clay

Opening inventory of clay = 3900 pounds

Closing inventory of clay = 4500 pounds

Clay mix cost - $0.40

Labor rate = $12/hr

Monthly purchase = budgeted sales  + closing inventory - opening inventory

(870*44) + 3900 - 4500

38280 +4500 - 3900 = 38,880

7 0
3 years ago
The cost principle is the basis for entering the purchase price into the accounting records.a. Trueb. False
faltersainse [42]

Answer:

The correct answer is letter "A": True.

Explanation:

The cost principle or historical cost establishes that an asset must be recorded at its face value at the moment when the asset is acquired. That cost is recognized as the value of the asset unless there is reasonable proof to state the opposite. Under this principle, any organization can register in its books an asset that has not been part of a transaction yet.

6 0
3 years ago
MarketPoint Sales currently has a credit limit of $5,000. Because MarketPoint Sales has an excellent credit rating, BITS is incr
azamat

Yes , the given statement is true

Explanation:

Since the credit limit is now 10k for purchases of Marketpoint, the demand requires them.

You will apply for an increasing or decreasing in the loan cap electronically and will actually receive an immediate decision.

You should wait 4 months before your credit limit is extended and wait 6 months after a drop in your credit ceiling for an increase.

8 0
3 years ago
The VP of Customer Experience at an international hotel chain is constantly looking for ways to improve customer service, whethe
mojhsa [17]

Answer:

The correct answer is Points of interaction.

Explanation:

The term touchpoint refers to all the points of contact between the client and a brand “that imply an interaction with a human need, at a specific time and place” (Risdon, 2013).

If there is an interaction then there is also an exchange of value between the individual and the organization. And professionals in Customer Experience have to understand what kind of value flows. We must ensure that the perceived value is greater than the cost.

On the other hand, the fact that an interaction occurs before a specific human need tells us that we must know what drives it. The need is what marks the nature of the interaction. In other words, the design of an experience changes radically depending on the needs involved.

8 0
3 years ago
Suppose you inherited $275,000 and invested it at 8.25% per year. How much could you withdraw at the end of each of the next 20
Diano4ka-milaya [45]

Answer:

$28,533.5

Explanation:

Principal value (PV) = $275,000

Time = 20 years

Rate = 8.25%

Present Value = P ((1-(1+R)^-n) / r)

275,000 = P ((1- (1 + 0.0825)^-20) /.0825)

275,000 x .0825 = P (1-(1/1.0825)^20)

22687.5 = P ((1.0825^20 - 1) / (1.0825 ^20))

22687.50 = P (4.8816 - 1 / 4.8816)

22687.5 = P (3.886 / 4.8816)

22687.5 = p(0.7951)

P = 22687.5 / 0.7951

P = $28533.5

6 0
3 years ago
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