The city of Greenfield is considering building a community sports complex on vacant commercial land. The estimated benefit to the community is $2,400,000. Contractors have estimated the net cost to build the sports complex and rezone the property at $3,200,000. Should the city build the sports complex? A. 0.75 and Yes B. 0.75 and No C. 1.33 and Yes D. 1.33 and No
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- A city council is considering converting an old industrial lot into a public recreation center. They estimate the benefit to the community to be worth $2,000,000. Contractors have estimated a net cost to build the recreation center and to refurbish the property to be $3,100,000. Should they proceed with the project? A. 0.65 and Yes B. 0.65 and No C. 1.55 and Yes D. 1.55 and NoA city council is considering converting an old industrial lot into a public recreation center. They estimate the benefit to the community to be worth $2,000,000. Contractors have estimated a net cost to build the recreation center and to refurbish the property to be $3,100,000. Should they proceed with the project? A. 0.65 and Yes B. 0.65 and No C. 1.55 and Yes D. 1.55 and No. MCQA city council is considering converting an old industrial lot into a public recreation center. They estimate the benefit to the community to be worth $2,000,000. Contractors have estimated a net cost to build the recreation center and to refurbish the property to be $3,100,000. Should they proceed with the project? A. 0.65 and Yes B. 0.65 and No C. 1.55 and Yes D. 1.55 and No. Accounting MCQ
- A city that operates automobile parking facilities is evaluating a proposal toerect and operate a structure for parking in its downtown area. Three designs for a facility to be built on available sites have been identified as follows, where all dollar figures are in thousands: At the end of the estimated service life, the selected facility would be torn down and the land would be sold. It is estimated that the proceeds from the resale of the land will be equal to the cost of clearing the site. If the city's interest rate is known to be 10%, which design alternative would be selected on the basis of the benefit-cost criterion?Question: A community wants to create a park on some vacant property on the outskirts of the town (zoned commercial). They estimate the benefit to the community to be worth $1,500,000. Contractors have estimated a net cost to build the park and to rezone the property to be $2,300,00. Should they build the park? A. 0.65 and Yes B. 0.65 and No C. 1.53 and Yes D. 1.53 and NoFinancial Accounting
- The city of Columbia is considering extending the runways of its municipal airport so that commercial jets can use the facility. The land necessary for the runway extension is currently a farmland that can be purchased for $350,000. Construction costs for the runway extension are projected to be $600,000, and the additional annual maintenance costs for the extension are estimated to be $22,500. If the runways are extended, a small terminal will be constructed at a cost of $250,000. The annual operating and maintenance costs for the terminal are estimated at $75,000. Finally, the projected increase in flights will require the addition of two air traffic controllers at an annual cost of $100,000. Annual bemefits of the runway extension have been estimated as follows: Rental receipts from airlines leasing space at the facility $325,000 $65,000 Airport tax charged to passengers $50,000 $50,000 Convenience benefit for residents of Columbia Additional tourism dollars for Columbia Apply the…The city of Columbia is considering extending the runways of its municipal airport so that commercial jets can use the facility. The land necessary for the runway extension is currently a farmland that can be purchased for $350,000. Construction costs for the runway extension are projected to be $600,000, and the additional annual maintenance costs for the extension are estimated to be $22,500. If the runways are extended, a small terminal will be constructed at a cost of $250,000. The annual operating and maintenance costs for the terminal are estimated at $75,000. Finally, the projected increase in flights will require the addition of two air traffic controllers at an annual cost of $100,000. Annual benefits of the runway extension have been estimated as follows (shown): Apply the B–C ratio method with a study period of 20 years and a MARR of 10% per year to determine whether the runways at Columbia Municipal Airport should be extended.None