🏷️ LIMITED TIME OFFER: GET 20% OFF GRADE+ YEARLY SUBSCRIPTION →
Log in
Accounting
3
answers
1
watching
442
views

Antawn is looking at getting an apartment that costs $650 per month. How much does he need to make per year in order to comfortably afford this much in rent?

Watch
3
answers
1
watching
442
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share
Already have an account? Log in
Share
Already have an account? Log in
Share

Related questions

You are considering investing in an apartment complex. The apartment complex has five units and costs $2,000,000. Your bank requires you to invest $400,000 (10%) as a downpayment. The balance of $1,600,000 can be borrowed on terms of 7% for 30 years, level payment. You plan to sell the apartment complex in 10 years. The apartment complex will appreciate 8% per year. The rent from each unit is $2,500 per month.

1) Does the loan payment cover the total rent on a monthly basis?

2) Assume that the revenue and all expenses net to ZERO, what is the return on investment after ten years, assuming you sell the building and pay back the loan?

Question: Mike is working his way throughcollege and trying to make ends meet. Tara, a friend, is graduatingsoon and tells Mike about a really great job opportunity. She isthe onsite manager for an apartment complex catering to students.The job entails working in the office for about 10 hours a week,collecting rent each month, and answering after-hours emergencycalls. The pay is $10 per hour, plus a rent-free apartment (worthabout $500 per month). Tara then tells him the best part: therent-free apartment is tax-free. Knowing that you are a taxstudent, Mike asks you if the rent-free apartment is reallytax-free or if Tara is mistaken.

Explain to Mike whether the compensation for the apartment isreally a nontaxable fringe benefit.

Least 250 Words in current APA format,citations and references.

David Happy has developed a new product that he is considering the production and selling of it. To proceed with this project, David will be renting a small building to rent for $1,250 a month that will house production facilities. Utility cost of building is expected to be $400 per month. One major piece of equipment that will be used to manufacture the product will be rented for $600 a month. Material costs to make the product are estimated at $8 per unit. Monthly advertising costs for the product are estimated at $1,000. David will be using salespeople for selling the product. Sales commission is $4.00 per unit. David has rented a truck for delivery of the products to customer at $350 per month. David will be paying himself $5,000 per month as salary. David will be spending about 75% of his time for manufacturing the product and 25% for promotion and delivery of the product. Answer the following independent questions.

(David’s belief stated in the problem: David believes that he could produce and sell 2000 units per month.)

1. How much is David’s total fixed costs per month?

2. How much is David’s total variable costs per month?

3. How much is David’s product costs per month?

4. How much is David’s factory overhead cost per month?

Weekly leaderboard

Home
Homework Help 3,900,000
Accounting 580,000
Start filling in the gaps now
Log in