Homework Answers
1. Total Down payment needed for 400 Acres.
Per acre Land Value = $1627.37
Per acre Bank Loan = $1410.00
Difference = $217.37 per acre down payment.
Total 400 acres, so total down payment would be $217.37*400= $86948.
So correct answer is B.
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(i) How much money is needed for the down payment per acre? a. $100 &
(i) How much money is needed for the down payment per acre?
a.
$100 b.
$400
c.
$500 d.
None of the answers are correct
(ii) What is the cash deficit or surplus in the 1st
year?
a.
Surplus of
$10 b.
Deficit of $10
c.
Surplus of
$45 d.
None of the answers are correct
(iii) How much cash deficit or surplus is in the 2nd
year?
a.
Surplus of
$1 b.
Deficit of $1
c.
Surplus of
$57 d.
None of the answers are...
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(i) How much money is needed for the down payment per acre?
a.
$100 b.
$400
c.
$500 d.
None of the answers are correct
(ii) What is the cash deficit or surplus in the 1st
year?
a.
Surplus of
$10 b.
Deficit of $10
c.
Surplus of
$45 d.
None of the answers are correct
(iii) How much cash deficit or surplus is in the 2nd
year?
a.
Surplus of
$1 b.
Deficit of $1
c.
Surplus of
$57 d.
None of the answers are...
Theresa is considering starting a small business. She plans to purchase equipment costing $147,000. Rent on the building used by the business will be $25,000 per year while other operating costs will total $31,200 per year. A market research specialist estimates that Theresa's annual sales from the business will amount to $93,000. Theresa plans to operate the business for 6 years. Disregarding the effects of taxes, what will be the amount of annual net cash flow generated by the business?...
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