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ra1l [238]
3 years ago
11

. A building owner charges net rent of $20 in the first year, $21 in the second year, and $22 in the third year, but is providin

g six months of free rent in the first year as a concession. Using a 10 percent discount rate, what is the effective rent over the three years
Business
1 answer:
Anit [1.1K]3 years ago
8 0

Answer: $17.28

Explanation:

6 month free concession in first year drops rent to:

= 20 / 2

= $10

Effective rent = [Present value of Year 1 rent + Present value of Year 2 rent + Present value of Year 3 rent ] / [ 1 - (1 / (1 + rate)^ number of years) / rate]

= [(10 / (1 + 10%) ) + (21 / (1 + 10%)²) + (22 / (1 + 10%)³)] * [1 - (1 / (1 + 10%)³/ 10%)]

= (9.09 + 17.355 + 16.5289) / 2.48685

= $17.28

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Harley signs a check payable to Pro Accountants, P.C., and gives it to Pro, leaving the amount blank but authorizing the firm to
Evgen [1.6K]

Answer:

The correct answer to the following question is option C) $15,000 .

Explanation:

Harley signed and gave a blank check to the Pro accountants , and giving them them the authority to fill the amount by themselves but she had already came to an agreement with Pro accountant that the amount they would fill is $10,000 . But Pro accountants didn't do that, instead they filled the check for $15,000 , and gave the check to valley bank , now the valley bank has the full authority to enforce the full $15000 amount .

4 0
3 years ago
Winnebagel Corp. currently sells motor homes at $73,000 each. The company wants to introduce a new portable camper to fill out i
anygoal [31]

Answer: C.73

Explanation:

It is stated that 1,500 less motor homes will be sold once Winnebagel Corp. introduces it's new Portable Camper.

However it also states that 500 out of this 1,500 will be lost regardless of if the Portable Camper is introduced or not.

So that means that the actual erosion effect on the sale of motor homes is,

= 1,500 - 500

= 1,000 mobile homes.

Since each home is sold for $73,000 then the Erosion effect will be,

= 73,000 * 1,000

= $73,000,000

$73 million is the erosion effect on the sale of motor homes by introducing the new portable camper so Option C is correct.

8 0
4 years ago
A university issues a bond with a face value of $5000 and a coupon rate of 4. 41% that matures on july 15, 2018. The holder of s
Margaret [11]

The coupon payments would be made twice every year.

What is coupon payment?

Coupon payment means the cash amount that bondholders would receive from the university(bond issuer) on periodic basis till the bond matures, it is likely that the coupons are payable semiannually or annually as would be determined in this analysis.

The coupon payment is closely related with the coupon rate , which means that in order to determine the number of times in a year that coupons will be paid we can make use of the coupon received, the par value, the coupon rate, such that the frequency of coupon payments would be the unknown as shown below:

coupon receipt=par value*coupon rate/coupon frequency

coupon receipt=$110.25

par value=$5000

coupon rate=4.41%

coupon frequency=unknown(assume it is X)

$110.25=$5,000*4.41%/X

$110.25=$220.50/X

X=$220.50/$110.25

X=2

Coupons would be twice every year, which means semiannual coupon payments

Read more on coupon frequency on:brainly.com/question/16748047

#SPJ1

7 0
2 years ago
A decrease in the demand for money would result from:
lutik1710 [3]
Hmm...this looks like it would be D- an increase in the price level but I could be wrong.
5 0
3 years ago
Use the drop-down menu to complete each statement. based on the information in the passage, it is most likely that joe lives in
Ann [662]

Based on the given information, Joe lives in the mixed economy, and he is interested in purchasing the private building.

<h3 /><h3>What is mixed economy?</h3>

A mixed economy is the system that combines the system of both the economy, means the combination of capitalism and socialism, is called the mixed economy.

This system defends <u>private property </u>and allows a degree of  freedom in economy in the use of capital.

But it also permits for governments to interpose in economic activities in order to accomplish social intents.

Therefore, in the above case, Joe lives in the mixed economy, and purchasing the private property.

To learn more about the mixed economy, refer to:

brainly.com/question/2343400

3 0
2 years ago
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