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2 years ago

The assessed value of a condominium is usually higher than a similar ______ because of outright ownership.

1 answer:

3 0

The assessed value of a condominium is usually higher than a similar Cooperative because of outright ownership.

This is because a cooperative's assessed value is often lower than a condominium's because cooperatives are not owned outright.

In a condominium, each unit within a larger complex is sold, as opposed to being rented out. These apartments, townhomes, or even commercial warehouses may have undergone renovation. Contrary to common misconception, the term "condominium" refers to the legal ownership structure rather than the specific sort of unit. Any building with several units has the option to "become condominium," which requires tenants to leave the property or buy their apartments outright. The walls of a condominium are theoretically owned by the people who buy

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I think the answer is either a or c

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1 year ago

Bennett Co. has a potential new project that is expected to generate annual revenues of $255,800, with variable costs of $141,20

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Answer:

b. $124,120

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3 years ago

Luck is what happens when preparation meets opportunity.

elena-s [515]

Answer:

Roman philosopher Seneca once said, “Luck is what happens when preparation meets opportunity.”

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2 years ago

The management of Ro Corporation is investigating automating a process. Old equipment, with a current salvage value of $24,000,

dexar [7]

Answer:

The simple rate of return on the investment is closest to 19.16%

Explanation:

In order to calculate the the simple rate of return on the investment we would have to use the following formula:

simple rate of return = Annual incremental net operating income

Initial investment

Initial investment = Cost of the new machine - salvage value of old machine

Initial investment = $384,000 - $24,000 = $360,000

Annual cost savings = $133,000

Annual depreciation = $384,000/6 = $64,000

Therefore, Annual incremental net operating income = $133,000 - $64,000 = $69,000

Therefore, simple rate of return = $69,000 / $360,000 = 19.16%

The simple rate of return on the investment is closest to 19.16%

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3 years ago

Carolina is the vice president of the environmental club at her high school. She is in charge of e-mailing members about upcomin

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Answer:

Downward communication

Explanation:

She is a higher up in the club, and conveys information to the rest of the club members, who don't have as much of an important position. Her job is to move information given to her to the rest of the members.

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2 years ago