Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A six-units detached house development project costs are the following: -Total land cost 30,000,000 Baht (pay the beginning of the project) -House construction cost 2,000,000

A six-units detached house development project costs are the following: -Total land cost 30,000,000 Baht (pay the beginning of the project) -House construction cost 2,000,000 Baht per unit (pay one unit at the end of month) - Total SG&A 6,000,000 Baht (pay equally at the end of month 1- 6)Total project time is six months. Detached house will be sold 1 unit per month starting month 1, which is paid full payment at the end of each month (means get full paid 1 unit at the end of month 1-6). The selling price is 30 percent markup. Weighted average cost of capital of project is 12%. What is the house price per unit? 11,428,571 Baht 10,400,000 Baht 8,233,333 Baht 9,047,619 Baht On January 1, 2022, ABC Company Limited's current account balance's $10,000 * and overdraft credit line's $1,000,000, which interest rate is MOR.+2% (assume MOR. =9%) On January 10, 2022, the firm paid for merchandise $450,000 by cheque. On January 30, 2022, the firm paid for cleaning services $40,000 by cheque. On January 31, 2022, the firm deposited $490,000 to the account. What was the account ending balance of January 2022 (assume a 365 day- year)? $10,000 $5,508.33 $6,898.90 $7,023.29

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cima Official Learning System Fundamentals Of Business Mathematics

Authors: Graham Eaton

4th Edition

1856177831, 978-1856177832

More Books

Students also viewed these Accounting questions

Question

What is the difference among Class A, B, and C shares?

Answered: 1 week ago