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Vinil7 [7]
3 years ago
9

An appraiser has done comparables on four properties. comp 1 has a sales price of $97,500, a monthly rent of $550 and a calculat

ed grm of 177. comp 2 has a sales price of $105,200, a monthly rent of $650 and a calculated grm of 162. comp 3 has a sales price of $96,000, a monthly rent of $500 and a calculated grm of 192. comp 4 has a sales price of $101,500, a monthly rent of $600 and a calculated grm of 169. if the appraiser determined the grm of the subject property to be 169, and the monthly rent to be $625, then what would the estimated value of the home be
Business
1 answer:
oksian1 [2.3K]3 years ago
8 0

$1,267,500

To calculate estimated value using GRM (gross rent multiplier) you need to take the <u>annual</u> rental income times the GRM.

Monthly income= $625 so annual income= $625*12 months=

$7,500 annual * 169 GRM= 1,267,500

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3 0
2 years ago
Samantha is the owner of a flower shop. she has five employees that all report directly to her and she makes all the decisions r
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4 0
3 years ago
If $3,000 is invested at 7% for 6 months, how much simple interest is earned?
Savatey [412]
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3 0
3 years ago
The following information was available from the inventory records of Sheffield Corp. for January: Units Unit Cost Total Cost Ba
Ganezh [65]

Answer:

$45,990

Explanation:

The Weighted Average Cost Method, calculates a new Unit Cost with every purchase that is made. This is applicable to perpetual Inventory method. In this case we are required to use the <u>periodic Inventory method</u> (<em>Sheffield does not maintain perpetual inventory records</em>). Thus our Unit Cost is calculated from Inventory available for Sale.

Step 1

<u>Units Available For Sales Calculation :</u>

Opening Balance                           9,200

Add Purchases (6,400 + 7,900)   14,300

Units Available for Sale               23,500

Less Units Sold (7700 + 11300)  (19,000)

Ending Inventory Units                  4,500

Step 2

<em>Unit Cost = Total Cost ÷ Units Available for Sale</em>

                = ($89,516  + $65,984 + $84,609) ÷ 23,500

                = $10.22

Step 3

<em>Ending Inventory = Units in Stock × Unit Cost</em>

                             = 4,500 × $10.22

                             = $45,990

8 0
3 years ago
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