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nydimaria [60]
2 years ago
12

A seller received $800,000 for a 5.5 acre rectangular parcel alongside a road frontage. The property is 400’ deep. What was the

price per front foot of the property?
Business
1 answer:
Mademuasel [1]2 years ago
6 0

Answer:

$1,335.67  per front foot

Explanation:

First we must determine the total footage of the property = 5.5 acres x 43,560 feet² per acre = 239,580 ft²

Now we divide the total footage by the number of feet deep =  239,580 ft² / 400 feet deep = 598.95 front feet

Finally we divide $800,000 / 598.95 front feet = $1,335.67  per front foot

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The trees in a peach orchard were arranged in a square array with $N$ columns and $N$ rows. To enlarge the orchard by one row an
Sav [38]

Answer:

225 trees

Explanation:

The owner previously had N x N trees, or N² trees.

Now there are N² + 29 trees, where N² + 29 is a complete square.

So we need to find out what complete square number + 29 equals another complete square number.

To have a clue what number N is, we must divide 29 by 2 = 14.5

So is 14² + 29 a complete square?

196 + 29 = 225

√225 = 15

So the new orchard has 225 trees.

5 0
2 years ago
Kirkwood acquires 100 percent of the outstanding voting shares of Soufflot Company on January 1, 2018. To obtain these shares, K
lesya [120]

Answer:

$555,000

Explanation:

Calculation for the amount that will be reported for consolidated cash after the acquisition is completed

Cash at Kirkwood Inc $475,000

(900-400-15-10)

Add Cash at Soufflot Company $80,000

Consolidated cash after acquisition is completed $555,000

Therefore the amount that will be reported for consolidated cash after the acquisition is completed will be $555,000

4 0
2 years ago
Cheapo Manufacturing decided to lease a 100,000 square foot facility. What type of lease will they most likely sign? A net lease
Alinara [238K]

Net lease type will be the most likely sign by Cheapo manufacturing.

<u>Explanation:</u>

Single net leases, which are frequently alluded to as a Net or N rent, are not as regular in the rental world. In a rent this way, the proprietor moves a negligible measure of hazard to the occupant, who covers the property charges. This implies some other cost, for example, protection, support and fixes, and utilities—are the proprietor's obligation. The landowner is likewise liable for any support and additionally fixes that must be finished over the span of the rent inside the property.  

Occupants under a solitary net rent wind up paying marginally lower lease than with a standard rent as a result of the additional expense of property charges. In any case, a higher rental installment doesn't reduce the landowner's obligation regarding staying up with the latest.

6 0
2 years ago
Casa Del Sol Property Development Company is refurbishing a 200-unit condominium complex at a cost of $1,875,000. It expects tha
Elis [28]

Answer:

In order to find IRR we have to set the present value of all cash flows to 0,

IRR is the rate at which if we discount the payments the NPV (net present value) will be 0

-1875000+

415,350/(1+IRR)

415,350/(1+IRR)^2

415,350/(1+IRR)^3

415,350/(1+IRR)^4

415,350/(1+IRR)^5

415,350/(1+IRR)^6

415,350/(1+IRR)^7

Now we can use trial and error to see at what rate will the npv be

IRR= 12.35%

Another simple way of doing is using the cash flow function of a financial calculator and input these values.

CF0=1875000

C01=415,350

C02=415,350

C03=415,350

C04=415,350

C05=415,350

C06=415,350

C07=415,350

Explanation:

4 0
2 years ago
Suppose that furniture production encompasses the following stages: Stage 1: Trees are sold to lumber company. $1,000 Stage 2: L
g100num [7]

Answer:

a)

<em>The value added at each stage</em>

Stage                          Value added($)

1                                   1000

2   (2000-1000) =         1,000

3   (6,000- 2000) =      4,000

4    (10,000 - 6,000) =   4,000

b)

The amount by GDP is increased = $10,000

c) Reduce GDP

Explanation:

Gross domestic product (GDP) which is the total market value of all the final goods and services produced in a country over a given period of time. The GDP can be calculated using the value added approach.

Here the GPD figure is ascertained by summing the amount of additional value created by each factor of production at each stage of the production process of the final product.

a)

<em>The value added at each stage</em>

Stage                          Value added($)

1                                   1000

2   (2000-1000) =         1,000

3   (6,000- 2000) =      4,000

4    (10,000 - 6,000) =   4,000

b)

The amount by GDP is increased = $10,000 which is the total value added or the market value of the final goods

c)

If the lumber were imported it would be deducted from the value of export and thus reduce GDP.  Remember that GDP is the market value of all good and service produced within a given country over certain period of time .

3 0
2 years ago
Read 2 more answers
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