Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. given the following information, calculate the bre

Given the following information, calculate the break-even ratio on the following commercial property. Operating expenses:...

80.2K

Verified Solution

Question

Accounting

Given the following information, calculate the break-even ratio on the following commercial property. Operating expenses: $650,000, Capital expenditures: $105,000, Potential gross income: $2,500,000, Debt service in the first year: $960,000, Loan amount: $20,000,000, Purchase price: $27,300,000

A. 43.7 % B. 55.8 % C. 68.6 % D. 75.2 %

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Finance
1.2K views

Greentop Inc. plans on increasing its annual dividend by 15 percent a year for the next...

Civil Engineering
1.2K views

1. How is attempt defined? 2. How far must it go towards completion to constitute a crime?

Psychology
1.2K views

ETHICS 445 Scenario It is 2020, and General Foryota Company opens a plant in which to build a...

Physics
1.2K views

For a particle executing simple harmonic motion which of the following statement is not correct...

Calculus
1.2K views

A population of protozoa develops with a constant relative growth rate of 0 8877 per...

Algebra
1.2K views

and alternative hypothesis are as follows Ho p 0 02 Ha p 0 02 Suppose...

Accounting
1.2K views

Molly Grey (single) acquired a 30 percent limited partnership interest in Beau Geste LLP several...

Accounting
1.2K views

1. Naomi Company compr por $2,500,000 una mina que se estima contiene 1,000,000 de toneladas...

Accounting
1.2K views

Vaughn Manufacturings budgeted manufacturing costs for 40000 squares of shingles are: ...

Accounting
1.2K views

A company has two divisions: a merchandising division and a construction dividion. The merchandising division...

Accounting
1.2K views

A company wants to sell the following package: A car that comes with an automatic...

Accounting
1.2K views

Handy Hardware is a retail hardware store. Information about the store's operations follows November 20x1...