Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Sep 2017 My Price 5.00

after-tax annual return

A motel has 30 rooms and expects a 70 percent occupancy next year. The owners’ investment is presently $520,000, and they expect a 12 percent after-tax annual return on their investment. The motel is in a 24 percent tax bracket. The motel is carrying two mortgages: the first mortgage in the amount of $359,000 at a 10 percent interest rate and the second mortgage in the amount of $140,000 at a 14 percent interest rate. Present book value of building is $632,000, and depreciation rate is 5 percent. Present combined book value of furniture and equipment is $117,000, and the combined depreciation rate is 20 percent. Indirect costs are $44,800 and direct costs are $59,300. The motel also receives an additional $12,000 a year leasing out its restaurant.

a. Calculate the motel’s required average room rate to cover all expenses and provide the owners with their desired return on investment.

b. Calculate the average single and double rates, assuming a 60 percent double occupancy and a $12 difference between singles and doubles.

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Sep 2017 07:09 PM My Price 5.00

Hel-----------lo -----------Sir-----------/Ma-----------dam-----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------and----------- ac-----------qui-----------sit-----------ion----------- of----------- my----------- po-----------ste-----------d s-----------olu-----------tio-----------n.P-----------lea-----------se -----------pin-----------g m-----------e o-----------n c-----------hat----------- I -----------am -----------onl-----------ine----------- or----------- in-----------box----------- me----------- a -----------mes-----------sag-----------e I----------- wi-----------ll

Not Rated(0)