You have an assignment to appraise a dairy heifer feedlot and discovered one recent sale that is highly comparable to your subject property. The unit of comparison for these types of facilities has consistently been based on the total linear feet (LF) of feeding space available. The property is 50 acres and sold for $1,400,000 and contained sixteen pens that each included 120 linear feet of feeding space and measured 120' by 200' Based on this information, what is the sales price per unit of comparison identified by the market?

You have an assignment to appraise a dairy heifer feedlot and discovered one recent sale that is highly comparable to your subject property. The unit of comparison for these types of facilities has consistently been based on the total linear feet (LF) of feeding space available. The property is 50 acres and sold for $1,400,000 and contained sixteen pens that each included 120 linear feet of feeding space and measured 120' by 200' Based on this information, what is the sales price per unit of comparison identified by the market?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

It is the sum of all costs that are incurred periodically and continuously in order that the project in which an investment has been made may be operated, produce a commodity or service and distribute and sell that commodity or service. Salvage cost Profit Operating cost Fixed cost
Given the following information, what adjustment would be needed to account for the difference in the living area or the market condition between the subject property and the comparable property (choose the closest answer) Market Conditions Lot Size Adjustments Bath -0.50% (per month) Effective Age (Years) $1,000 (per year) Bedrooms $25,000 (per acre) Living Area (Sq. Ft) $45.00 (per sq. ft.) $1,250 (per bath) $3,000 (per bedroom)
Problem 2: As a building designer, you have been asked to analyze and select the best window frame type alternative-either aluminum or steel. The project is located in a remote area, and the nearest industrial area hosting steel and aluminum windows frames manufacturers is 250 km away. All project windows are identical, and the circumference of the window frame is 6.2 meter. A crew of two labors is required to manufacture one steel frame. It takes 2.5 hours to manufacture the first window every day, and the learning rate is 0.9. The number of production units is per day is limited to 8. The weight of steel is 12 kg per meter, and the weight of aluminum is 4.5 kg per meter. The cost of steel is 0.4 OMR per kg and the cost of aluminum 1.1 OMR per kg. If 45 windows frames are required for the project, the crew cost is 3 OMR per hour for steel frames and 3.6 for aluminum frames, and the transportation, price is 0.01 OMR per kg per 50 km, which alternative would you select?
List two things you need to consider to ensure your premises meet GMP design standards. Please explain in detail and clearly. Thank you!
Q4= SAUDI Chemical Company is considering two types of equipment for burning waste material. Both equipment has burning capacity of 20 tons per day. The following data have been compiled for comparison of both equipment's. ITEM Installation cost Annual Operation & Maintenance cost Salvage value Income Tax Service Life EQUIPMENT A $1,220,000 $55,000 $65,000 $45,000 20 years EQUIPMENT B $ 770,000 $85,000 $35,000 $35,000 10 years Determine the yearly processing cost per ton of solid waste for each equipment, if the company's MARR is 12%. Also illustrate which option is best for selection?
General Motors Corporation in their Detroit plant, makes industrial strength eight-cylinder engines that are used in their heavy duty automobiles Operations manager at Detroit plant has developed the following supply, demand, cost, and inventory data for future planning purposes. Supply Available Regular Time Demand Forecast Period Overtime Subcontract 1 40 15 10 40 2 30 15 10 55 3 30 20 10 50 20 units $100 Initial inventory Regular-time cost per unit Overtime cost per unit Subcontract cost per unit $160 $200 Carrying cost per unit per month $6 Assuming the initial inventory has no holding cost in the first period and that backorders are not permitted.
You are the marketing manager of the Business Unit (BU) that produces polystyrene (which is an input to making lightweight rigid foam). The current Demand/Supply balance, as measured by the ICIS price, is $800 per ton of polystyrene. The BU has 2 plants and can produce a total of 1800 tons. At full capacity utilization, the BU’s average variable cost equals $1300/t and its average total cost equals $1700/t.Plant 1 has a capacity of 600 tons and a marginal cost of $900/t. Plant 2 has capacity of 1200 tons and a marginal cost of $1500/t. Due to exit of one competitor, you expect next year’s polystyrene ICIS price to increase to $1200. 1. How much volume of polystyrene do you expect to produce next year, if any? 2. What is your expected contribution margin for next year? 3. What is your expected profit for next year?
Suppose that the manufacturer of a gas clothes dryer has found that when the unit price is p dollars, the revenue R (in dollars) is R(p) = -5p² + 10,000p. (a) At what prices p is revenue zero? (b) For what range of prices will revenue exceed $1,500,000? (a) At what prices p is revenue zero? The revenue equals zero when p is $ (Use a comma to separate answers, but do not use commas in any individual numbers.) (b) For what range of prices will revenue exceed $1,500,000? (Type your answer in interval notation. Round to the nearest cent as needed.).
APPLICATION • Alta Production, Inc., is using the account analyis approach to identify the beharior of production costs for a month in which it prodaced 350 units. The production manager was asked to review these costs and provide her best guess as to how they should be catevorized. She resoonded with the followine information: Tetal fe) S270,000 134,000 101.000 $507.000 Variable (e) S270,000 130,000 100,000 3500.000 Fixed Materials used in production Labor used in production Production facility costs Total production cost 4.000 3.000 37.000 • Alta Production, Inc., reported the following production costs for the 12 months January through December. Reporting Period (Month) Total Production Costs Level of Activity (Units Produced) January $460,000 300 February 300,000 220 March 480,000 330 Аpril 550,000 390 570,000 310,000 May 410 June 240 July 440,000 290 August 455,000 320 September 530,000 380 250,000 150 October November 700,000 450 December 490,000 350
Adelphi Company provides the following information for their first year of operations in 2018: Sales 9,000 units @ $16 each Total production 11,000 units Production costs per unit: Direct materials Direct labor Variable overhead Fixed manufacturing overhead $2.00 $4.00 $ 1.00 $13,000 Adelphi Company uses absorption costing. Use this information to determine for Adelphi Company the FY 2018 Cost of Goods Sold.