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2 years ago

The Comparative Market Analysis (CMA) is a tool for licensees; which statement below is correct about the CMA

Business

1 answer:

Molodets [167]2 years ago

3 0

Option D is correct. A CMA is not an appraisal and should not be advertised as one.

<h3>What is a comparative market analysis?</h3>

This is the term that is used to refer to the market analysis that may

be done by the real estate agents.

The goal is to analyze and find out the existing prices in the market by the available listings and previous listings of properties. The reason why the real estate agencies carry out the CMA is to determine the right prices for home sellers to sell their homes.

On the other hand, the purpose is to enable the buyers of these homes to buy the properties at the best possible prices.

Complete question

The Comparative Market Analysis (CMA) is a tool for licensees; which statement below is correct about the CMA?

A) The CMA is the same as an appraisal

B) A CMA is an estimate of value and an appraisal is exact value

C) A CMA and an appraisal must both conform to USPAP standards

D) A CMA is not an appraisal - and should not be advertised as one

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Wilson Tech’s production cost data for the current period is: Beginning work in process inventory: 19,000 units Units transferre

tatiyna

Answer:

the equivalent units of production for conversion costs is 12,280.

Explanation:

<u>Calculation of the equivalent units of production for conversion costs.</u>

Units transferred out (9,800 × 100 %) = 9,800

Units of ending work in process (6,200 × 40%) = 2,480

Equivalent units of production for conversion costs =12,280

8 0

3 years ago

Which of the following characteristics of prospective financial statements would require the practitioner to include in a report

DanielleElmas [232]

Answer:

<h2>In this case,the answer would be option b) or They are considered as financial forecast.</h2>

Explanation:

Any prospective financial statements is a highly important and confidential document for any legitimate business organization and should be prevented from being disclosed, especially to any external sources.
Therefore, it s treated or considered as only a general financial document especially when dealing with any party or individual with whom the concerned company or organization is not directly dealing with.
Hence, only an official financial reporting containing an overall financial forecast is sufficient for general use of the report with any related or unrelated party or individual.

4 0

3 years ago

FILL IN THE BLANK. In a decision problem where more is better, the ______ approach evaluates each decision alternative in terms

Contact [7]

The optimistic approach considers the best possible payoff for each option alternative in a decision issue where more is better.

<h3>What kind of individual is an illustration of optimistic?</h3>

Someone who chooses to think that there is always tomorrow" is an example of such an optimist. They'll have more opportunities as a result of this. Additionally, they decide to emphasize what they already have, as in "that glass is half full."

<h3>Is having a positive outlook a talent? </h3>

A hopeful, upbeat perspective on the future, oneself, or the world around us is what is meant by optimism. It is an essential component of resilience, a inner fortitude that supports you in trying situations. Optimism is the ability to see, experience, and think favorably.

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1 year ago

Which control standard is stated most effectively?

MaRussiya [10]

The control standard that is stated most effectively is: Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.

<h3>What is meant by the term control standard?</h3>

This is the term that is used to refer to all of the set standards in an organization that has the ability of taking care of several measures as well as their control and all forms of corrective measures.

It helps in the comparison of the subsequent performance with the performance that used to exist.

Hence we would say that the answer is Increase sales of our top-end product from 2000 in the first quarter to 3000 during the same period by 2024.

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2 years ago

Skaredykat Inc. is considering initial expansion beyond its home market. The firm has decided not to enter markets that differ g

Brrunno [24]

The firm is not engaging in international trade is True.

(B) The firm is using a regional approach to international expansion.

<u>Explanation:</u>

When a company wants it's business to grow and expand in a new country it uses the regional approach. It is generally used when the company is quite established and it has a nice foothold in the country.

In the regional approach the business is first set up in the country and when it gains power it starts spreading across the borders to get a region as a whole.

4 0

4 years ago