Business, 20.03.2020 09:50 zahrast14

Woolman College is expanding their on-campus student center. Their current facility is 20,000 square feet and costs $1,500 / month in utilities and $ 400 / month in insurance. Five years ago, they remodeled the current facility for $30,000. The proposed expansion will increase the size of the facility to 40,000 square feet, will include a full-functioning restaurant and will require the remodeled sections to be torn down and renovated. Management estimates they will need to purchase an additional $25,000 in kitchen equipment. Also, utilities will increase to $ 3,000 / month and insurance will increase to $ 1,000 / month. To expand the facilities, Woolman will need to use $ 500,000 that is currently in their investment account, returning 10% annually. The differential cost of utilities from choosing to expand the facilities is:

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Woolman College is expanding their on-campus student center. Their current facility is 20,000 square...

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