Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
A 25-room budget motel expects its occupancy next year to be 80 percent. The owners' investment is $402,800. They want an after-tax return on their investment of 15%. Tax rate is 25%. Interest on a long-term mortgage is 10%. Present balance outstanding is $806,400. Depreciation rate on the building is 10% of the present book value of $700,200. Depreciation on the furnishings and equipment is at 20% of the consolidated present book value of $150,400. Other known fixed costs total $141,800 a year. At 80% occupancy rate, the motel's operating expenses, wages, supplies, laundry, etc. are calculated to be $55,400 a year. The motel has other income from vending machines of $5,210 a year.
a. To cover all costs and produce the required net income after tax, what should the motel's average room rate be next year?
b. If the motel operates at 30% double occupancy and has an $8.00 spread between its single and double rates, what will the single- and double-room rates be? Assume only one common room size, all with the same rates.
assume that casio computer company ltd. sells handheld communication devices for 110 during august as a back-to-school
cabai co. is a magazine publisher. it sells subscriptions for 1- to 3-year periods. at december 31 year 1 the balance
Prepare and post the closing entries. (Income Summary is account #34 in the chart of accounts.) Record the closing entries on Page 4 of the journal. Indicate closed accounts by inserting a line in both the Balance columns opposite the closing entry.
1.assume that you work as an accounting manager and notice that the number of bad debt has increased significantly over
make the year end 12-31-13 general journal adjustments for macomb mold company.company only prepares adjustments and
cammie received 225 nqos each option provides a right to purchase 27 shares of mnl stock for 26 per share at the time
marshalls company reported the following results from the sale of 10000 units in may sales 368000 variable costs 146000
slow roll drum co. is evaluating the extension of credit to a new group of customers. although these customers will
Calculate the gain or loss on the sale of the spray painter. Calculate the income statement effect, assuming that XYZ instead decided to give the spray painter to a charitable foundation.
determine the stakeholders impacted by audit reports. analyze the impact of audit reports for each category of
Phil and Linda are 25 year-old newlyweds and file a joint tax return. Linda is covered by a retirement plan at work, but Phil is not.
blueco is a us corporation with multiple business activities. on january 1 2009 blueco granted a non-exclusive license
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd