The number of properties newly listed with a real estate agency in each quarterover the last four years is given below. Assume the time series has seasonalitywithout trend.Quarter1234Year1738912392Year2818711595Year3769110887Year4778812097a. Develop the optimization model that finds the estimated regression equationthat minimize the sum of squared error.b. Solve for the estimated regression equation.c. Forecast the four quarters of Year 5.*Please solve in excel

a) Let us count quarter from base year I, I quarter as 1Then year II, ii quarter say will be 6Take…

Answered: The number of properties newly listed…

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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You are an employee of University Consultants, Limited, and have been given the following assignment. You are to present an investment analysis of a small retail income-producing property for sale to a potential investor. The asking price for the property is $1,360,000; rents are estimated at $174,080 during the first year and are expected to grow at 2.5 percent per year thereafter. Vacancies and collection losses are expected to be 10 percent of rents. Operating expenses will be 35 percent of effective gross income. A fully amortizing 70 percent loan can be obtained at 6 percent interest for 30 years (total annual payments will be monthly payments × 12). The property is expected to appreciate in value at 3 percent per year and is expected to be owned for five years and then sold. Required: a. What is the first-year debt coverage ratio? b. What is the terminal capitalization rate? c. What is the investor’s expected before-tax internal rate of return on equity invested (BTIRR)? d.…
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