You have been asked to develop a pro forma statement of cash flow for West Office Plaza. The information given to you is listedbelow.Property Information:WEST OFFICE PLAZARentable AreaAgeNumber of StoriesNumber of Tenants312,000 square feet8 years1540Financial Information:Base Rent AverageOther Income/Parking/StorageExpenses Recoverable from TenantsCurrent Vacancy$ 20 per square feet$ 2.10 per square feet$ 3.10 per square feet5%Expenses:Management/Administration/Security/OwnershipProperty TaxesInsuranceGeneral Operations/Leasing Expense/MarketingUtilitiesJanitorial/cleaningBusiness TaxesOther:Recurring CAPEX/Improvement Allowance$ 696,206$ 678,000$ 431,200$ 670,000$ 1,162, 100$ 492,000$ 113,000$ 703,000Required:a. Develop a pro forma statement of cash flow for a base year showing net operating income (NOI) for West Office Plaza.

Cash flow Statement The purpose of preparing the cash flow statement to know the details of total…

Answered: Expenses Recoverable from Tenants $…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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The insured has divided the insurance on its building as follows: $200,000 with insurer M and $300,000 with insurer R. The If there is a $100,000 loss, insurer M will pay: OA $40,000 OB. $60,000 C $66,666 $100,000 D.
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A builder is offering $131,554 loans for his properties at 9 percent for 25 years. Monthly payments are based on current market rates of 9.5 percent and are to be fully amortized over 25 years. The property would normally sell for $140,000 without any special financing. Required: a. At what price should the builder sell the properties to earn, in effect, the market rate of interest on the loan? Assume that the buyer would have the loan for the entire term of 25 years. b. At what price should the builder sell the properties to earn, in effect, the market rate of interest on the loan if the property is resold after 10 years and the loan repaid? Complete this question by entering your answers in the tabs below. Required A Required B At what price should the builder sell the properties to earn, in effect, the market rate of interest on the loan? Assume that the buyer would have the loan for the entire term of 25 years. (Do not round intermediate calculations. Round your final answer to the…
Using completed-contract method: Record the journal entries for ACE corporation for 2001, 2002, and 2003 Record the partial balance sheet for 2003 for just the Asset section in a A. В. suitable format ACE Construction Corporation Contract Price: $1,500,000 2001 2002 2003 Costs incurred during the current year Estimated costs to complete at year-end 1,000,000 Progress billings during year Collections on billings during the year $1,350,000 $1,360,000 460,000 575,000 555,000 $1,365,000 300,000 270,000 625,000 675,000
You want to value a property with an effective gross income of $53,000 and a Net Operating Income of $27,500. The table below summarizes the valuation and income of comparable properties. Comp 1 Comp 2 Comp 3 Price $300,000 $350,000 $375,000 Gross Income $50,000 $55,000 $60,000 % Operating 50% 55% $54% Expense Net Operating Income $25,000 $30,000 $32,500 What value would a Gross Income Multiple approach yield (rounded to the nearest $100)? $329,200 $325,000 $330,000 $316,900
A-1
Current Attempt in Progress Shamrock Express reports the following costs and expenses in June 2022 for its delivery service. Indirect materials used Depreciation on delivery equipment Dispatcher's salary Property taxes on office building CEO's salary Gas and oil for delivery trucks Delivery service (product) costs $ Period costs +A $5,770 $ 10,060 4,500 800 10,800 1,960 Drivers' salaries Determine the total amount of (a) delivery service (product) costs and (b) period costs. Advertising Delivery equipment repairs Office supplies Office utilities Repairs on office equipment $14,400 4,180 270 585 900 170
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Using the information from the three office building land sales. Assume that you are valuing a similar building of 30,000 square feet. What is the appropriate land value? Sales Price Building Size Land Size Sale 1 $550,000 27,500 SF 2.50 acres Sale 2 $625,000 31,250 SF 2.50 acres Sale 3 $650,000 32,500 SF 3.25 acres
Subject :- Accounting
Subject - account

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