A nationwide motel chain is considering locating a new motel in​ Bigtown, USA. The cost of building a 130​-room motel​ (excluding furnishings) is ​$5.2 million. The firm uses a 12​-year planning horizon to evaluate investments of this type. The furnishings for this motel must be replaced every four years at an estimated cost of ​$1,875,000 ​(at k=​0, 4​, and 8​). The old furnishings have no market value. Annual operating and maintenance expenses for the facility are estimated to be ​$130,000. The market value of the motel after 12 years is estimated to be 20​% of the original building cost. Rooms at the motel are projected to be rented at an average rate of ​$45 per night. On the​ average, the motel will rent 60​% of its rooms each night. Assume the motel will be open 365 days per year. MARR is 9​% per year. a. Using an​ annual-worth measure of​ merit, is the project economically​ attractive?

The following items could appear on a bank reconciliation: a. outstanding checks, $670. b. deposits in transit, $1,500. c. nsf check from customer, no. 548, for $175. d. bank collection of note receivable of $800, and interest of $80. e. interest earned on bank balance, $20. f. service charge, $10. g. the business credited cash for $200. the correct amount was $2,000. h. the bank incorrectly decreased the business's by $350 for a check written by another business. classify each item as (1) an addition to the book balance, (2) a subtraction from the book balance, (3) an addition to the bank balance, or (4) a subtraction from the bank balance.

Suppose there is a 6 percent increase in the price of good x and a resulting 6 percent decrease in the quantity of x demanded. price elasticity of demand for x is a. 0 b. 6 c. 1 d. 36

The law firm of furlan and benson accumulates costs associated with individual cases, using a job order cost system. the following transactions occurred during july: jul. 3 charged 175 hours of professional (lawyer) time to the obsidian co. breech of contract suit to prepare for the trial, at a rate of $150 per hour. 10 reimbursed travel costs to employees for depositions related to the obsidian case, $12,500. 14 charged 260 hours of professional time for the obsidian trial at a rate of $185 per hour. 18 received invoice from consultants wadsley and harden for $30,000 for expert testimony related to the obsidian trial. 27 applied office overhead at a rate of $62 per professional hour charged to the obsidian case. 31 paid administrative and support salaries of $28,500 for the month. 31 used office supplies for the month, $4,000. 31 paid professional salaries of $74,350 for the month. 31 billed obsidian $172,500 for successful defense of the case. required: a. provide the journal entries for each of these transactions. refer to the chart of accounts for exact wording of account titles. b. how much office overhead is over- or underapplied? c. determine the gross profit on the obsidian case, assuming that over- or underapplied office overhead is closed monthly to cost of services.