You run a school in Florida. Fixed monthly cost is $6,000.00 for rent and utilities, $6,105.00 is spent in salaries and $1,241.00 in insurance. Also every student adds up to $102.00 per month in stationary, food etc. You charge $625.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $11,084.00, salaries to $6,473.00 and insurance to $2,057.00 per month. Variable cost per student will increase up to $187.00 per month. However you can charge $1,030.00 per student. At what point will you be indifferent between your current mode of operation and the new option? Submit Answer format: Number: Round to: 0 decimal places.
Q: A school is saving to buy a new $12000 printer in 3 years, with the local bank paying 6% annually.…
A: Future value is the future worth of a cash flow at a certain rate and time period. Future value=cash…
Q: You run a school in Florida. Fixed monthly cost is $5,201.00 for rent and utilities, $6,083.00 is…
A: Mainly there are two types of costs being incurred by the business. One is fixed costs and other is…
Q: (a) A student invests $150,000 at 9% compound interest to pay for the courses she will take in the…
A: Since you’ve asked four parts under a single question but as per our protocol we are supposed to…
Q: A beginner in business bought a machine to make canned goods for 45,000 dollars. His old machine is…
A: Original Price of machine = 45,000 Old Machine Selling Price = 10,000 Discount = 7% Purchase Price…
Q: how much can they spend on the home at each of the following rates? (
A: Time value of money (TVM) means that the amount of money received in the present period will have…
Q: A school is saving to buy a new $12000 printer in 3 years, with the local bank paying 6% annually.…
A: Calculation of the per year payment is as follows: Excel workings:
Q: Molly Dymond and Kathleen Taylor are considering the possibility of teaching swimming to kids during…
A: To compute the number of pupil required to earn a profit of $5,000, Fixed and the variable cost is…
Q: You would like to work part time in the meal delivery service to help pay your way through your…
A: In this we have to calculate present value of all expenses.
Q: You run a school in Florida. Fixed monthly cost is $5,730.00 for rent and utilities, $6,137.00 is…
A: The indifferent point also known as the break-even point is the point of sales where there is no…
Q: If you need to take out a $70,000 student loan 2 years before graduating, which loan option…
A: Given: Particulars Subsidized loan Unsubsidized loan Private Amount $70,000 $70,000 $70,000…
Q: how much can they spend
A: An Annuity is a series of payments of fixed amounts and at fixed intervals. These can be of two…
Q: If your vacation cabin had rainwater harvesting, you could use it more often. Your water utility…
A: Capital budgeting is the process that is utilized in making sound capital budgeting decisions…
Q: you live in the mobile home for four years, but your roommate also pays you $3,000 a year, paid to…
A: Present Value: The worth of the cash flow or stream of payments that would be received in the future…
Q: You decide to buy a $ 1,500 piece of furniture at a local furniture store. The furniture store asks…
A: Annual rate (r) = 25% Number of compounding per year (m) = 12
Q: To offset the cost of buying a $120,000 house, Jose and Sophia borrowed $25,000 from their parents…
A: A mortgage refers to a loan borrowed against the purchase of real estate. This includes the purchase…
Q: A dentist wants to determine how much money she needs to put up in a bank now to have enough cash to…
A: To answer the question, we will use the present value of growing annuity concept. The dentist is…
Q: How much can the homeowner borrow for 2 years at 9%, compounded monthly, and still stay within the…
A: Loan: It refers to lending a sum of the amount to the borrower in exchange for the principal and…
Q: 8. Mary Catacutan and Pedro Perez are considering the possibility of teaching swimming to kids…
A: The breakeven point (BEP) represents the level of revenue to be incurred to cover the total cost. It…
Q: What is the opportunity cost of going to college this term?
A: The value of what you have to give up in order to pick something else is referred to as opportunity…
Q: Natasha is going to take out an unsubsidized student loan of $13,500 at a 4.2% APR, compounded…
A: An unsubsidized student loan is a loan on which interest starts accruing the day money is deposited…
Q: A regional furniture company is offering either a discount equal to twice the state sales tax or…
A: Accounting: Accounting is a system, or a process of collecting and organizing economic transactions,…
Q: A person needs $17,700 immediately as a down payment on a new home. Suppose that she can borrow…
A: Continuously compounded interest rate refers to the interest rate that is calculated on the…
Q: A student is buying a new car. The car’s price is $37,500, the sales tax is 6%, and the title,…
A: Formula to calculate the monthly payments is: A = P[i(1+i)^n]] (1+i)^n - 1 =P(A/P,i,n)
Q: ou're a graduate and the company that hires you offers a job that includes a paid apartment in…
A: The question is based on the concept of financial management.
Q: You have a friend who runs up a balance on hiscredit card by buying new furniture to replace…
A: A credit card is a narrow rectangular plastics or metal provided by a bank or financial services…
Q: all ankual ihcome of $300,000. Jim is looking to buy a house with monthly property taxes of $1200…
A: Loans are paid by monthly payments that carry the payment of interest and payment of the principal…
Q: You are thinking of renovating a basement apartment beneath your house, which you currently rent out…
A: Incremental rent per month due to reinovation = C = $ 729 - $ 521 = $ 208Payment frequency =…
Q: Molly Dymond and Kathleen Taylor are considering the possibility of teaching swimming to kids during…
A: Given Information: Cost of renting the pool : $1,700 Charges for admission, towel service, and life…
Q: you live in the mobile home for four years, but your roommate also pays you $3,000 a year, paid to…
A: Present value: The current worth of the money which would be received in the future or stream of…
Q: Jose and Rosa are looking for a condo. Their combined gross annual income is $61,000. The best…
A: Gross Income = $61,000 Interest rate = 3.12% compounded semi-annual Time Period = 20 Years Annual…
Q: You gun a school in Florida. Fixed monthly cost is $5,689.00 for rent and utilities, $5,807.00 is…
A: The management uses indifferent points when the decision is to be taken regarding selecting between…
Q: A school is saving to buy a new $12000 printer in 3 years, with the local bank paying 6% annually.…
A: Calculation of the per year payment is as follows:
Q: You are a real estate agent thinking of placing a sign advertising your services at a local bus…
A: To calculate the payback period we will use the below formula Payback period = Initial cost/Equal…
Q: If you need to take out a $70,000 student loan 2 years before graduating, which loan option…
A: Since you have posted a question with multiple sub-parts, we will solve the first four sub-parts for…
Q: You run a school in Florida. Fixed monthly cost is $5,764.00 for rent and utilities, $5,522.00 is…
A: Variable cost refers to those expenses which fluctuates where there is a change in the goods or…
Q: Ernie Bilko has a business idea. He wants to rent an abandoned gas station for just the months of…
A: Amount of Loan= 338500 Borrowing Rate = 6.5% Borrowing Rate per month(r) = 6.5%/12 =0.541667%…
Q: Your grandma pays upfront for you to go on the overnight trip with the school, which cost $340. You…
A: There are various payment option available for the borrower to repay the amount to lender. Some of…
Q: You run a school in Florida. Fixed monthly cost is $5,373.00 for rent and utilities, $6,124.00 is…
A: At indifferent Point Profit in Both the option will be Same.
Q: Ernie Bilko has a business idea. He wants to rent an abandoned gas station for just the months of…
A: In the finance area, the term time value of money states that a sum of money available may have…
Q: A business is considering purchasing a piece of new equipment for $200,000. The equipment will…
A: “Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: A high school graduate has to decide between working and going to college. If he works, he will work…
A: Net Present Value is the difference between the present value of cash inflows and cash outflows.
Q: Kathy wants to buy a condominium selling for $95,000. The taxes on the property are$1500 per year,…
A: As per the guidelines, the solution for the first four parts will be given. If you want answers to…
Q: The Jacksons want to buy a condo in Langley. This will be their first property. Their combined gross…
A: Gross annual salary = $108,000 Property tax = $2,400 per year Strata Fee = $2,400 per year(200×12)…
Q: Sam can afford to spend $500 per month on a car. He figures he needs half of it for gas, parking,…
A: Maximum affordable monthly amount = $500 Monthly amount for instalment = $250 ($500 / 2) Rate of…
Q: You run a school in Florida. Fixed monthly cost is $5,220.00 for rent and utilities, $5,974.00 is…
A: Profit is a function of revenue and expenses. They both differ at different locations. Hence the…
Q: Molly Dymond and Kathleen Taylor are considering the possibility of teaching swimming to kids during…
A: Break even point represents that level of sales at which organization is neither earning any gain…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- You run a school in Florida. Fixed monthly cost is $5,201.00 for rent and utilities, $6,083.00 is spent in salaries and $1,053.00 in insurance. Also every student adds up to $95.00 per month in stationary, food etc. You charge $653.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,480.00, salaries to $6,166.00 and insurance to $2,034.00 per month. Variable cost per student will increase up to $173.00 per month. However you can charge $1,155.00 per student. How much do you currently charge per student? Submit Answer format: Number: Round to: O decimal places.You run a school in Florida. Fixed monthly cost is $5,128.00 for rent and utilities, $5,990.00 is spent in salaries and $1,478.00 in insurance. Also every student adds up to $102.00 per month in stationary, food etc. You charge $708.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,370.00, salaries to $6,095.00 and insurance to $2,136.00 per month. Variable cost per student will increase up to $171.00 per month. However you can charge $1,193.00 per student. You want to determine in percent the new charge compared to the previous charge. To calculate this, divide the new charge per student by the previous charge per student, keep in a decimal form and round to 3 decimal points. Submit Answer format: Number: Round to: 3 decimal places.1. You run a school in Florida. Fixed monthly cost is $5,764.00 for rent and utilities, $5,522.00 is spent in salaries and $1,525.00 in insurance. Also every student adds up to $103.00 per month in stationary, food etc. You charge $652.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,802.00, salaries to $6,041.00 and insurance to $2,231.00 per month. Variable cost per student will increase up to $188.00 per month. However you can charge $1,165.00 per student. How much do you currently charge per student? 2.You run a school in Florida. Fixed monthly cost is $5,674.00 for rent and utilities, $5,963.00 is spent in salaries and $1,605.00 in insurance. Also every student adds up to $94.00 per month in stationary, food etc. You charge $632.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,116.00,…
- You run a school in Florida. Fixed monthly cost is $5,220.00 for rent and utilities, $5,974.00 is spent in salaries and $1,762.00 in insurance. Also every student adds up to $102.00 per month in stationary, food etc. You charge $612.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,325.00, salaries to $6,544.00 and insurance to $2,172.00 per month. Variable cost per student will increase up to $157.00 per month. However you can charge $1,180.00 per student. At what point will you be indifferent between your current of operation and the new option? PLEASE SHOW EASIEST MOST SIMPLE WAY TO FIND THE ANSWERYou run a school in Florida. Fixed monthly cost is $5,689.00 for rent and utilities, $5,807.00 is spent in salaries and $1,772.00 in insurance. Also every student adds up to $93.00 per month in stationary, food etc. You charge $710.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $11,056.00, salaries to $6,925.00 and insurance to $2,056.00 per month. Variable cost per student will increase up to $177.00 per month. However you can charge $1,053.00 per student. At what point will you be indifferent between your current mode of operation and the new option? SubmitYou are thinking of buying a house beside the College which you will rent to students. You expect to receive $1,125 a month in rental income. Your real estate agent estimates that you will be able to sell the property for $225,000 at the end of 24 months. You'd like a return of at least 0.4% per month. What is the most that you should pay for the house, assuming that you will purchase the house today and receive the first (beginning of month) rental payment today. What is the most that you should pay for the property today? (Round to the nearest dollar.)
- You run a school in Florida. Fixed monthly cost is $5,373.00 for rent and utilities, $6,124.00 is spent in salaries and $1,233.00 in insurance. Also every student adds up to $102.00 per month in stationary, food etc. You charge $668.00 per month from every student now. You are considering moving the school to another neighborhood where the rent and utilities will increase to $10,770.00, salaries to $6,328.00 and insurance to $2,315.00 per month. Variable cost per student will increase up to $158.00 per month. However you can charge $1,109.00 per student. At what point will you be indifferent between your current mode of operation and the new option?You decide to earn extra money during your Engineering program by running an uber service. You purchase a car for $60,000, which you expect to sell for $18,000 at the end of the 6-year degree. You expect annual costs for insurance, maintenance and other expenses to total $7000 per year. You project to have approximately 20 customers per shift, who you will drive 8km on average. You plan on driving 80 days each year. What is the levelized cost per km of driving? MARR = 6%. The answer is within 5 cents of which of the following? Question 11 options: 1.00 1.10 1.20 1.30 None of the aboveYou are thinking about buying a house.You find one you like that costs $200,000. You learn that your bank will give you a mortgage for $160,000 and that you would have to use all of your savings to make the down payment of $40,000. You calculate that the mortgage payments, property taxes, insurance, maintenance, and utilities would total $950 per month. Is $950 the cost of owning the house? What important factor(s) have you left out of your calculation of the cost of ownership, if any?
- Suppose your expenses for summer school are as follows: tuition: $5,000, room and board: $3,000, books and other educational supplies: $500. Further, during the term, you can only work part-time and earn $4,000 instead of your full-time salary of $10,000. What is the opportunity cost of going to college this term?You are trying to evaluate the feasibility of purchasing a land. You plan to rent the plot of land to receive after-tax receipts of $2,500 per month. You are hoping to sell the land in the next ten years to receive after-tax proceeds of US$2.0 million to purchase a building containing at least four apartments. Assume the funds for purchasing the apartment will be drawn from your savings account which is currently earning 2% after taxes and that inflation rate is currently 5%. a) Identify the cash flows, their timing and the required rate of return applicable to calculating the maximum value you should pay for the land. b) Showing all calculations state if you should purchase the land for $1.6 million, justify your decision. What is the maximum price you should pay to acquire the single dwelling unit?The Bainters want to estimate annual costs for purchasing the home so they can compare them with the costs they estimated for renting. These costs are expenses the Bainters will have only if they purchase instead of rent: monthly mortgage payment $200 per year for HOA fees $1,750 per year for property taxes $1,950 per year for home maintenance $75 per month for water and sewer services $10 per month for trash and recycling services $65 per month for internet $110 per month for homeowners' insurance Approximately how much should the Bainters budget for a year? Your answer should include the total amount the Bainters should budget the calculations or an explanation of how you determined the answer