Say that you purchase an apartment complex for $655,000. The property value increases by 2.6% every year. The complex has five units, which you rent out for $490 per month. Upkeep on the building costs you $13,800 per year. Assuming that you are able to keep all of the units rented out constantly, after eight years, will you have gained more money from appreciation of the property or from renting out the apartments, and how much more money will you have gained from that source than from the other, to the nearest hundred dollars?

Suppose someone wants to sell a piece of land for cash. the selling of a piece of land represents turning econ

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

Compute the cost of not taking the following cash discounts. (use a 360-day year. do not round intermediate calculations. input your final answers as a percent rounded to 2 decimal places.)