Calculate the accounting rate of return of the new sign. Accounting rate of return %
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- Gloria is planning on opening a cake shop. She has found a location that rents for $15,550 per year and it will cost her another $13,716 to furnish the shop and purchase all the necessary equipment. She plans on charging $20 for a cake and it will cost her $3 per cake for ingredients and $1.92 per cake for decorations and $1.59 per cake for the beautiful, colorful to-go boxes. What is the dollar breakeven point she will need to earn to cover her costs in the first year? Round to the nearest whole number.William and Miller Brown run a real estate brokerage firm. They have just moved into a new building and want to add some outdoor digital signage to advertise the firm's services. The sign they are considering has two display areas that can display two different images at the same time and costs $104,800. It is expected to have a useful life of 4 years. In an effort to recoup the cost of the sign, William and Miller will rent one display panel to other tenants in the building for $39,646 a year. Electricity to power the sign is expected to be $870 per year. (a) Calculate the annual net operating income generated by the new sign. Annual net operating income 2$ eTextbook and MediaVal is considering purchasing a new video plasma display panel to use with her notebook computer. One model, the XJ3, costs $4200 new, while another, the Y19, sells for S$3000. Val has determined that the salvage value after two years of service is $1700 for the XJ3 and $900 for the Y19. Both panels give similar service, except the Y19 is not suitable for client presentations. If she buys the Y19, about four times a year she will have to rent one similar to the XJ3, at a total year-end cost of about $350. Using the IRR method, which display panel is the better choice? Use a two-year study period. She must choose only one of the alternatives. Val's MARR is 10 percent. The is the better choice because the IRR for the change from is percent, which is the MARR. (Round to one decimal place as needed.)
- A real estate photographer would like to invest in a drone camera so that she can take better aerial footage of properties. The drone will cost $1,400 and be used for the next 2 years before she needs to upgrade to a more recent model. She estimates that the drone will generate additional photography revenue of $1,000 per year, and that her drone will have a salvage value of $300 at the end of the 2nd year. Assuming a tax rate of 22%, a MACRS 5-vear property class, 100% bonus depreciation, and an after-tax MARR of 9%, compute the after-tax present worth of the drone and determine whether or not the photographer should invest in this drone. Click here to access the TVM Factor Table calculator. Click here to access the MACRS-GDS Property Classes. Click here to access the MACRS-GDS percentages page. Click here to access the MACRS-GDS percentages for 27.5-year residential rental property. Carry all interim calculations to 5 decimal places and then round your final answer to a whole number.…Dr. Jones is evaluating whether to open a private MRI clinic in leased office space in a local strip mall. The clinic will run for two years and then close. Before the clinic opens, the offices require $200,000 of renovations. Dr. Jones will buy $20,000 of computer equipment and one MRI machine. The MRI machine (GE 3.0T Signa Excite HD) costs $2.4M. Assume that the renovations, computer equipment and MRI are paid for at the beginning of the first year (t=0) and that all three are classified as 15-year property. Assume that the MRI machine will be sold for $500,000 at the end of the second year of business. The computer equipment will be worthless at that time. The clinic can perform 50 scans per week for 49 operational weeks per year. The clinic will charge $700 per scan. The clinic will need two technicians, two receptionists and one office manager. Wages, salaries and other payroll costs (i.e., health insurance premiums) will total $275,000 per year. Maintenance, supplies, marketing…Tony and Steve a re considering whether to purchase a new "bending brake." This machine puts precise bends in a material used in their vinyl siding business. The machine will cost$70,000. Tony and Steve estimate that the machine will generate profits as follows: $20,000 in its first year; $15,000 in years 2, 3, and 4; and $10,000 in years 5 and 6. They believe the machine will have no value after year 6.a) Should they purchase the machine if they believe they can make ll% on their money in other investments of similar risk?b) Should they purchase the machine if they believe they can makeonly 4% on their money in other investments of similar risk?
- You need a new oven for your bakery. Your current oven is worn out so you are trying to decide which one of two ovens to buy as a replacement. Whichever oven you purchase will be replaced after its useful life. Oven A costs $25,000 and costs $3,000 a year to operate over an 8-year life. Oven B costs $20,000 and costs $4,500 a year to operate over a 6-year life. Given this information, which one of the following statements is correct if the applicable discount rate is 10 percent? A) The equivalent annual cost of oven A is -$7,481. B) The equivalent annual cost of oven B is -$8,209. C) Oven A lowers the annual cost by $1,406 as compared to oven B. D) Oven B lowers the annual cost by $1,598 as compared to oven A.A cake shop wants to replace their aging bakery. For this, he wants to decide on one of the three situations with different furnaces and alternatives to buy and rent these furnaces. For the first alternative, he wants to buy a large furnace with a purchase cost of $ 48000 and a small furnace with a purchase cost of $ 13000. The annual usage cost of the big furnace, which has an economic life of 8 years, is $ 3000 and its scrap value is $ 12000. The small furnace has an annual usage cost of $ 550 and a scrap value of $ 3600 during its economic life of 4 years. For the second alternative, it is planned to buy a medium sized furnace with an annual purchase cost of $ 26000 and lease 2 of the small furnace with a rental cost of $ 6600. The annual usage cost of the medium size furnace with an economic life of 6 years is $ 1050 and its scrap value is $ 7500. In the third alternative, large and medium sized furnaces with rental costs of $ 25000 and $ 14000, respectively, are required to be…The town of Arrieta has decided to have an sculptor create a statue of their town founder, Arrieta Daniels. They also plan to build a small garden around the statue in the town square. The total cost for the statue and garden construction will be $65000.Replanting flowers and other garden maintenance is budgeted at $600 per year. The statue and garden are expected to last forever but the statue will need repairs and cleaning every 4 years at an estimated cost of $2000.If Arrieta has an MARR of 7.5% per annum, what is the present worth of costs for the project?
- Sharkey’s Fun Center contains a number of electronic games as well as a miniature golf courseand various rides located outside the building. Paul Sharkey, the owner, would like to construct awater slide on one portion of his property. Mr. Sharkey has gathered the following information aboutthe slide:a. Water slide equipment could be purchased and installed at a cost of $330,000. According to themanufacturer, the slide would be usable for 12 years after which it would have no salvage value.b. Mr. Sharkey would use straight-line depreciation on the slide equipment.c. To make room for the water slide, several rides would be dismantled and sold. These rides are fullydepreciated, but they could be sold for $60,000 to an amusement park in a nearby city.d. Mr. Sharkey has concluded that about 50,000 more people would use the water slide each year thanhave been using the rides. The admission price would be $3.60 per person (the same price that the FunCenter has been charging for the old…Kaleo has made up his mind—he wants a pool in the family’s backyard! He figures his kids and spouse will be thrilled. However, to cover the cost of the pool, they’ll have to pack up and live away from home for a few weeks during the summer to rent their home to vacationers. He crunched the numbers based on the following estimates. 1. Cost of pool/installation $50,000 2. Life of the pool (no salvage value) 20 years 3. Annual net cash inflows from renting (net of cash expenses for renting and pool maintenance) $6,500 4. Tax rate 23% 5. Average rate of return 8% Kaleo’s daughter, Sarah, found the above information written on a sheet of paper in his office, along with the following notes. “This is a no-brainer! We’ll recover the cost of this pool in just 7 years, even though we plan to live here until we’re old and gray, or at least as long as the pool hangs on. If we can rent our house out for just 3 weeks each year, it’ll be almost pure profit that we can put toward paying off…Mr. Nelson wants to purchase a 60-inch HD television set with all the bells and whistles so that he can watch the World Quidditch Championship occurring exactly one year from now. He has arranged a rain-check with his local tech-shop to have the television set delivered, installed, and paid for in one year's time, for a total installed cost of $10,000. Being a forward-thinking person, Mr. Nelson wants to save a certain amount in each of the next 12 months to pay for the television set. At the savings rate of 5% per annum compounded monthly, how much must Mr. Nelson save each month in order to pay for the television set in one year's time?
