A country club needs funds to remodel the main dining room The estimated annual cost will be $45,000 for three years. The 200 members each pay annual dues of $4,000. The annual cost of maintaining the golf course is $800,000 and it generates $26,000 in guests and outing revenues. swimming pool and tennis facility cost another $30, 000 to provide good service to the members and guests. Running and maintenance of the clubhouse and other facilities cost $284,000 each year The The foodservice facility's annual fixed cost are $110,000. Weddings, holidays dinners and other such functions provide $90.000 in profit each year What will be the necessary average monthly dining room guest count to cover all costs and provide the necessary funds for the remodel if the dining room's guest check average is $19 and variable rate is 65?

A country club needs funds to remodel the main dining room The estimated annual cost will be $45,000 for three years. The 200 members each pay annual dues of $4,000. The annual cost of maintaining the golf course is $800,000 and it generates $26,000 in guests and outing revenues. swimming pool and tennis facility cost another $30, 000 to provide good service to the members and guests. Running and maintenance of the clubhouse and other facilities cost $284,000 each year The The foodservice facility's annual fixed cost are $110,000. Weddings, holidays dinners and other such functions provide $90.000 in profit each year What will be the necessary average monthly dining room guest count to cover all costs and provide the necessary funds for the remodel if the dining room's guest check average is $19 and variable rate is 65?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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University Car Wash built a deluxe car wash across the street from campus. The new machines cost $255,000 including installation. The company estimates that the equipment will have a residual value of $22,500. University Car Wash also estimates it will use the machine for six years or about 12,500 total hours. Actual use per year was as follows: Year Hours Used 1 3,100 2 1,600 3 1,700 4 2,300 5 2,100 6 1,700 2. Prepare a depreciation schedule for six years using the double-declining-balance method. (Do not round your intermediate calculations.)
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