Oxford Street Development Company's new project The LuLu DeLux has three components: Office, Retail, and Multifamily. There are 12,500 feet of office space, 25,000 feet of retail space and 10 apartments. The office space is subject to a ten-year gross lease at $30 per sq ft per year with $.50 annual increases. Base year expenses $12 per square foot. Expenses are expected to rise at 3% per annum. The retail space pays a $20 base rent per sq ft per year and 8% participating rent over a natural breakpoint on a ten-year lease. The base rent increases at the beginning of year 6 to $25 per square foot and the percentage rent resets. First year sales are $300 per square foot. Sales are expected to grow at a rate of 4% per annum. Retail expenses are 1.5 times the level of office expenses on a per square foot basis. The retail tenants reimbureses 90% of actual expenses. Of the 10 apartments there are 5 one bedrooms and 5 two bedrooms. Multifamily montly rents start at $1500 for one bedroom and $2700 for a two bedroom. All leases are one-year leases. They will rise each year at the CPI of 3.5%. Residential expenses are 40% of rents. You will hold the building for 10 years.
What is the year 6 NOI of the office, retail, and multifamily space ( please calculate NOI of each place separately). What is the total NOI for the investment period?
In: Accounting
Casey Jones and two colleagues are considering opening a law office in a large metropolitan area that would make inexpensive legal services available to those who could not otherwise afford services. The intent is to provide easy access for clients by having the office open 360 days per year, 16 hours each day from 7:00 a.m. to 11:00 p.m. The office would be staffed by a lawyer, paralegal, legal secretary, and clerk-receptionist for each of the two eight-hour shifts.
In order to determine the feasibility of the project, Casey hired a marketing consultant to assist with market projections. The results of this study show that if the firm spends $980,000 on advertising the first year, the number of new clients expected each day will be 50. Casey and associates believe this number is reasonable and are prepared to spend the $980,000 on advertising. Other pertinent information about the proposed operation of the office follows:
The charge to each new client would be $60 for the initial consultation. All cases that warrant further legal work will be accepted on a contingency basis with the firm earning 30 percent of any favorable settlements or judgments. Casey estimates that 20 percent of new client consultations will result in favorable settlements or judgments averaging $4,000 each. It is not expected that there will be repeat clients during the first year of operations.
The hourly wages of the staff are projected to be $50 for the lawyer, $40 for the paralegal, $30 for the legal secretary, and $20 for the clerk-receptionist. Fringe benefit expense will be 40 percent of the wages paid. A total of 400 hours of overtime is expected for the year; this will be divided equally between the legal secretary and the clerk-receptionist positions. Overtime will be paid at one and one-half times the regular wage, and the fringe benefit expense will apply to the full wage.
Casey has located 6,000 square feet of suitable office space which rents for $56 per square foot annually. Associated expenses will be $54,000 for property insurance and $74,000 for utilities. It will be necessary to purchase malpractice insurance, which is expected to cost $360,000 annually.
The initial investment in the office equipment will be $120,000. This equipment has an estimated useful life of four years.
The cost of office supplies has been estimated to be $8 per expected new client consultation.
1. Determine how many new clients must visit the law office being considered by Casey and colleagues for the venture to break even during its first year of operations.
2. Compute the proposed law firm's safety margin.
In: Accounting
In a certain lottery game, you choose a set of four different integers between 1 and 50, inclusive, and a fifth integer between 1 and 20, inclusive, which may be the same as one of the other four.
a) What is the probability you win the jackpot by matching all five numbers drawn?
b) What is the probability that you match three of the first four numbers, but not the fifth?
This is for discrete math
In: Statistics and Probability
A company’s Balance Sheet (in millions)
Assets Liabilities & Equity
Current $120
Net Fixed $180 Bonds ($1000 Par) 130
Preferred stocks ($100 Par) 50
Total $200 Common Stock ($1 par) 20
Total $200
The company's bonds have 9 years to mature, pay 10% coupon rate semi-annually and comparable bonds' YTM is 11%.
The company’s applicable tax rate is 40%.
The market price of common stock is $12.50 per share.
The common stock dividend has grown at a steady rate from $0.68 in December 2000 to $1.48 in December 2010. The same growth rate is expected to continue for long time in the future.
The floatation cost for new common stocks is 15%.
The market value of the preferred stock is $75 and it pays quarterly dividend of $1.75.
The floatation cost on issuing new preferred stock is 7%
Next year is 2011.
What is the cost of issuing new common stock?
What is the cost of issuing new preferred stock?
In: Finance
Please answer ALL of the questions!
At the end of the year, a company offered to buy 4,100 units of
a product from X Company for a special price of $12.00 each instead
of the company's regular price of $18.00 each. The following
information relates to the 68,400 units of the product that X
Company made and sold to its regular customers during the
year:
| Per-Unit | Total | ||
| Cost of goods sold | $9.43 | $645,012 | |
| Period costs | 2.60 | 177,840 | |
| Total | $12.03 | $822,852 | |
Fixed cost of goods sold for the year were $151,848, and fixed
period costs were $78,660. Variable period costs include selling
commissions equal to 4% of revenue.
6. Profit on the special order is
| Tries 0/3 |
7. Assume the following two changes for the special order: 1)
variable cost of goods sold will decrease by $0.87 per unit, and 2)
there will be no selling commissions. What would be the effect of
these two changes on the special order profit?
| Tries 0/3 |
8. There is concern that regular customers will find out about the
special order, and X Company's regular sales will fall by 700
units. As a result of these lost sales, X Company's profits would
fall by
| Tries 0/3 |
In: Accounting
Two chemicals A and B are combined to form a
chemical C. The rate, or velocity, of the reaction is
proportional to the product of the instantaneous amounts of
A and B not converted to chemical C.
Initially, there are 100 grams of A and 50 grams of
B, and for each gram of B, 2 grams of A
is used. It is observed that 25 grams of C is formed in 10
minutes. How much is formed in 40 minutes? (Round your answer to
one decimal place.)
What is the limiting amount of C after a long time?
How much of chemicals A and B remains after a
long time?
t = min
At what time is chemical C half-formed?
In: Chemistry
After reviewing the new activity-based costing system that Nancy Chen has implemented at IVC's CenterPoint manufacturing facility, Tom Spencer, the production supervisor, believes that he can reduce production costs by reducing the time spent on machine setups. He has spent the last month working with employees in the plant to change over the machines more quickly with the same reliability. He plans to produce 100,000 units of the Sport model and 40,000 units of the Pro model in the first quarter. He believes that with his more efficient setup routine, he can reduce the number of setup hours for both the Sport and the Pro products by 25 percent.
Cost Drivers and Cost Driver Volumes—CenterPoint Manufacturing Facility
| Cost Driver Volume | ||||
| Activity | Cost Driver | Sport | Pro | Total |
| Assembly building | ||||
| Assembling | Machine-hours | 6,000 | 30,000 | 36,000 |
| Setting up machines | Setup hours | 40 | 400 | 440 |
| Handling material | Production runs | 8 | 40 | 48 |
| Packaging building | ||||
| Inspecting and packing | Direct labor-hours | 60,000 | 22,800 | 82,800 |
| Shipping | Number of shipments | 100 | 200 | 300 |
Third Quarter Unit Cost Report, Activity-Based Costing—CenterPoint Manufacturing Facility
| Sport | Pro | ||||||
| Direct material | $ | 1,500,000 | $ | 2,400,000 | |||
| Direct labor | |||||||
| Assembly | $ | 750,000 | $ | 600,000 | |||
| Packaging | 990,000 | 360,000 | |||||
| Total direct labor | $ | 1,740,000 | $ | 960,000 | |||
| Direct costs | $ | 3,240,000 | $ | 3,360,000 | |||
| Overhead | |||||||
| Assembly building | |||||||
| Assembling (@ $30 per MH) | $ | 180,000 | $ | 900,000 | |||
| Setting up machine (@ $900 per setup hour) | 36,000 | 360,000 | |||||
| Handling material (@ $3,000 per run) | 24,000 | 120,000 | |||||
| Packaging building | |||||||
| Inspecting and packing (@ $5 per direct labor-hour) | 300,000 | 114,000 | |||||
| Shipping (@ $1,320 per shipment) | 132,000 | 264,000 | |||||
| Total ABC overhead | $ | 672,000 | $ | 1,758,000 | |||
| Total ABC cost | $ | 3,912,000 | $ | 5,118,000 | |||
| Number of units | 100,000 | 40,000 | |||||
| Unit cost | $ | 39.12 | $ | 127.95 | |||
Required:
a. Compute the amount of overhead allocated to the Sport and the Pro drones for the first quarter using activity-based costing. Assume that all events are the same in the first quarter as in the third quarter except for the number of setup hours. Assume the cost of a setup hour remains at $900.
please show explanation
In: Accounting
1. A sports scientist collects strength data from two groups of students. The first group is a group of athletes who might be expected to be strong, and the second group is a control group of nonathletic students. The first group has strength ratings of: c(129.4, 111.8, 127.7, 130, 120.7, 118.2, 121.9) And the second group has strength ratings of: c(149.1, 111.6, 122.1, 126.4, 123.3, 105.5, 127.3, 101.2, 113.3 ) Is there evidence that the first group is actually stronger than the second?
(a) State a sensible null hypothesis
(b) Is a one-sided or two-sided test needed? justify
(c) Perform a student t-test using R and interpret
In: Statistics and Probability
Build a two dimensional array out of the following three lists. The array will represent a deck of cards. The values in dCardValues correspond to the card names in dCardNames. Note that when you make an array all data types must be the same. Apply dSuits to dCardValues and dCardNames by assigning a suit to each set of 13 elements.
Once assigned your two dimensional array should resemble this :
2 Clubs 2
3 Clubs 3
4 Clubs 4
5 Clubs 5
6 Clubs 6
7 Clubs 7
8 Clubs 8
9 Clubs 9
10 Clubs 10
J Clubs 11
Q Clubs 12
K Clubs 13
A Clubs 14
2 Spades 2
3 Spades 3
4 Spades 4
5 Spades 5
6 Spades 6
7 Spades 7
8 Spades 8
9 Spades 9
10 Spades 10
J Spades 11
Q Spades 12
K Spades 13
A Spades 14
2 Diamonds 2
3 Diamonds 3
4 Diamonds 4
5 Diamonds 5
6 Diamonds 6
7 Diamonds 7
8 Diamonds 8
9 Diamonds 9
10 Diamonds 10
J Diamonds 11
Q Diamonds 12
K Diamonds 13
A Diamonds 14
2 Hearts 2
3 Hearts 3
4 Hearts 4
5 Hearts 5
6 Hearts 6
7 Hearts 7
8 Hearts 8
9 Hearts 9
10 Hearts 10
J Hearts 11
Q Hearts 12
K Hearts 13
A Hearts 14
Once you have this two dimensional array, you should shuffle it either by function or by code to produce a shuffled deck of cards.
Randomly choose and extract five cards from the deck.
After that apply the selection sort to the two dimensional array returning it to it original state as listed above. Display the 5 cards selected and their indexes. Display the remaining deck with its indexes.
Reshuffle and apply the insertion and selection sort.
IN PYTHON
In: Computer Science
A single leaf is taken from 11 different tobacco plants. Each leaf is divided in half, and given one of two preparations of mosaic virus. We wish to examine if there is a difference in the mean number of lesions from the two preparations.
Plant Prep1 Prep2
-----------------
1 18 14
2 20 15
3 9 6
4 14 12
5 38 32
6 26 30
7 15 9
8 10 2
9 25 18
10 7 3
11 13 6
a) Does the data suggest that the mean number of lesions in leaves subjected to preparation 1 is larger than 15 lesions? Use a = 0.05.
b) Explain what would a type II error represent in (a).
Solve the problem using SPSS.
In: Statistics and Probability