James needs to allocate $18,000 of building maintenance costs between his restaurant and retail shop based on square footage. The restaurant occupies 3,500 square feet and the retail shop occupies 1,500 square feet. How much of the $18,000 of maintenance costs will be allocated to the restaurant?
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- A company purchases a 7,920-square-foot building for $410,000. The building has two separate rental units. Unit A, which has the desirable location on the corner and contains 1,620 square feet, will be rented for $2.00 per square foot. Unit B contains 6,300 square feet and will be rented for $1.20 per square foot. How much of the joint cost should be allocated to Unit A and to Unit B using the value basis of allocation?A computerized machining center has been proposed for a small tool manufacturing company. If the new system, which costs $125,000, is installed, it will generate annual revenues of $100,000 and will require $20,000 in annual labor, $12,000 in annual material expenses, and another $8,000 in annual overhead (power and utility) expenses. A loan of $100,000 is borrowed from the bank for installation of the machining center which is repaid by equal annual repayments in 5 years at an interest rate of 8% compounded quarterly. Note that there is a working-capital requirement of $23,331 in year 0 and full recovery of the working capital at the end of year 5 for the machining center. The machining center would be classified as a seven-year MACRS property. If the asset is held for eight years, we can depreciate a seven-year property in respective percentages of 14.29%, 24.49%, 17.49%, 12.49%, 8.93%, 8.92%, 8.93%, and 4.46%. The company expects to phase out the facility at the end of five years,…Bill Braddock is considering opening a Fast 'n Clean Car Service Center. He estimates that the following costs will be incurred during his first year of operations: Rent $8,800, Depreciation on equipment $7,000, Wages $16,400, Motor oil $12.00 per oil change. Oil filters will cost $5.00 per oil change. He must also pay The Fast 'n Clean Corporation a franchise fee of $1.20 per oil change, since he will operate the business as a franchise. In addition, utility costs are expected to behave in relation to the number of oil changes as follows: Number of Oil Changes Instructions 4,000 6,000 9,000 12,000 14,000 Format answers with $ signs, commas, or % when appropriate. (a) Using the high-low method, determine variable costs per unit $15,000 Bill Braddock anticipates that he can provide the oil change service with a filter at $25 each. for the utility costs. Utility Costs lyr $7,000 $ 8,300 $ 10,600 $13,000 and fixed costs
- select best options and give short answer Note: AccountA company purchases a 20,040-square-foot building for $750,000. The building has two separate rental units. Unit A, which has the desirable location on the corner and contains 6,680 square feet, will be rented for $2.00 per square foot. Unit B contains 13,360 square feet and will be rented for $1.50 per square foot. Compute the amount of joint cost that should be allocated to Unit B using the value basis of allocation: Multiple Choice $300,000 $487,500 $500,000 $600,000. $450,000In connection with surfacing a new highway, a contractor has a choice of two sites on which to set up the mixing plant equipment. The contractor estimates that it will cost P51.75 per cubic meter per kilometer to haul the asphalt paving material from the mixing plant to the job site. If site B is selected, there will be an added charge of P600 per day for a flagman and it needs 2 flagman. The job requires 50,000 cubic meters of mixed asphalt paving material. It is estimated that four months (17 weeks of five working days per week) will be required for the job. Cost Factors Site A Site B Average hauling distance 6 km 4.3 km Monthly rental of site P45,000 P225,000 Cost to setup and remove equipment P675,000 P1,125,000 Hauling expense P51.75/ Cu.m/km P51.75/ Cu.m/km a) Compare the two sites in terms of their fixed, variable, and total costs. b) For the selected site, how much profit can be made if it is paid P362.25 per cubic meter delivered to the job site? (solution to a) Fixed Costs…
- A company purchases a 10,020-square-foot commercial building for $325,000 and spends an additional $50,000 to divide the space into two separate rental units and prepare it for rent. Unit A, which has the desirable location on the corner and contains 3,340 square feet, will be rented for $1.00 per square foot. Unit B contains 6,680 square feet and will be rented for $0.75 per square foot. How much of the joint cost should be assigned to Unit B using the value basis of allocation?The Luna Corporation is trying to decide if they should purchase a Truck for hauling material which costs $625,400. The Truck will require $30,600 of working capital and major maintenance in years 3, year 5, and year 7. The major maintenance will cost $50,000 in years 3 and 5 and $65,000 in years 7. The truck will increase the net income by $185,750 in years 1 through 4, and $91,250 in years 5 through 7. At the end of year 7, the company expects to sell the truck for 5% of the cost that they paid for it. Calculate the net present value of the Truck using a 10% rate of return. Show your work and indicate if the Luna Corporation should purchase the Truck. (Round to the nearest dollar)Tate Inc. and Booth Inc. are two small manufacturing companies that are considering leasing a cutting machine together. If Tate rents the machine on its own, it will cost $26,000. If Booth rents the machine alone, it will cost $14,000. If they rent the machine together, the cost will decrease to $36,000. Q. Calculate Tate’s and Booth’s respective share of fees using the Shapley value method
- A consultant has recommended that you modernize a production line. Costs include $650,000 in equipment, a $10,000 investment in net working capital at the time of installation, and $5,000 in delivery and installation costs. The consultant has billed the firm for $7,500 for her analysis of the project. If the project is undertaken, an employee training program costing $8,000 would be required. The old machinery has no book value but can be sold for $100,000. Your firm's marginal tax rate is 34%. What is the initial outlay associated with the project? 619,500 612,000 570,000 578,000 607,000A single-family home was developed five years ago in Neighborhood X and the owner would like to estimate the value of the property. Due to the lack of comparables in the local market, the owner relies on the cost approach for valuation. Based on the information below, what is the estimated value of the property based on the cost approach? (choose the closest answer) • The living area costs $300,000 to replace as new (material cost and labor cost) . Cost of garage and patio adds up to $50,000 • Physical depreciation is 10 percent of the replacement cost • There is no functional or external obsolescence . The land value is $200,000 and site improvement is worth 50,000 350,000 540,000 565,000 600,000 k3. Bill Braddock is considering opening a Fast 'n Clean Car Service Center, He estimates that the following costs will be incurred during his first year of operations: Rent $9,200, Depreciation on equipment $7,000, Wages $16,400, Motor oil $2.00 per quart. He estimates that each oil change will require 5 quarts of oil. Oil filters will cost $3.00 each. He must also pay The Fast 'n Clean Corporation a franchise fee of $1.10 per oil change, since he will operate the business as a franchise. In addition, utility costs are expected to behave in relation to the number of oil changes as follows: Number of Oil Changes 4,000 6,000 9,000 Utility Costs $ 6,000 $7,300 $ 9,600 12,000 $12,600 $15,000 14,000 Bill Braddock anticipates that he can provide the oil change service with a filter at $25 each. Instructions: (a) Using the high-low method, determine variable costs per unit and total fixed costs. (b) Determine the break-even point in number of oil changes and sales dollars. (c) Without regard…