Your business has $100,000 of excess cash and is considering the purchase of some real estate. The land will cost your firm $100,000 today, but you hope that in a year its value will have increased because of a new shopping mall being built nearby, and you plan to sell it for a profit. Your banker tells you that the annual rate of interest being offered to savers is 12%. What price must you receive for the land next year for this investment to be profitable

Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection