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Nitella [24]
3 years ago
11

An appraiser has assigned the following weights to three adjusted sale prices: Comparable 1: $329,500 45% weight Comparable 2: $

320,900 35% weight Comparable 3: $312,000 20% weight What is the reconciled estimated market value of the subject property?
Business
1 answer:
n200080 [17]3 years ago
8 0

Answer:

$322,990

Explanation:

The reconciled estimated market value of the subject property will be calculated as follows:

($329,500 X 0.45) + ($320,900 X 0.35) + ($312,000 X 0.2) = $322,990

You might be interested in
Difference between sole proprietorship and independent contractor
wariber [46]

Answer:

Explanation:

A sole proprietor is a person who owns, manage, finance and organize a business firm.

It refers to an individual who owns a business that has not been registered as a business entity. Such business includes partnership, limited liability company (LLC) and a corporation.

A sole proprietor is responsible for decision making process of his business and also bears the burden of profit, loss and tax alone.

WHILE

An independent contractor is an individual who works for another individual. An independent contractor provides services to another person but he is not an employee of the other person. An independent contractor is a self employed person who provides professional services to a business organzation.

He is paid based on the amount of work done. Examples of independent contractor includes graphics designer, data analyst, web designer or IT expert.

8 0
3 years ago
Cycle​ Haven, Inc. offers warranties on all their bikes. They estimate warranty expense at​ 4.5% of sales. At the beginning of​
Aleks04 [339]

Answer:

$13,725

Explanation:

The movement in the warranty payable account over a period is as a result of the warranty expense for the period and the warranty payments made during the period.

Given that the company estimate warranty expense at​ 4.5% of sales, the estimated warranty for the period is the expense recorded in the income statement. This is equivalent to

= 4.5% * $305,000

= $13,725

5 0
3 years ago
3. Suppose Tyrone wants to open a savings account that earns 3.5% simple interest per year. He wants it to be worth $1500 in 4 y
saw5 [17]

Answer:

$1,307

Explanation:

The computation of the future value by using the following formula is shown below:

As we know that

Future value = Present value × (1 + interest rate)^number of years  

$1,500 = Present value × (1 + 0.035)^4

So, the present value is

= $1,500 ÷ (1.035)^4

= $1,307

Hence, the present value is $1,307 and the same is to be considered

3 0
3 years ago
Gold Company was experiencing financial difficulties, but was not bankrupt or insolvent. The National Bank, which held a mortgag
Fiesta28 [93]
The answer would be
5 0
3 years ago
XYZ Corporation manufactures orange safety suits for road workers. The following information relates to the corporation's purcha
Sholpan [36]

Answer:

$6.25 per yard

Explanation:

The computation of the standard price per yard of material for its safety suits is shown below:

Material quantity variance = Standard Price × (Actual quantity - Standard quantity)

-$5,000 = Standard price × (10,000 - 10,800)    

Standard price  = -$5,000 ÷ (-800)  

= $6.25 per yard

Hence, the standard price per yard of material for its safety suits is $6.25 per yard

7 0
3 years ago
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