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kow [346]
3 years ago
12

You have been asked to appraise the market value of a three-bedroom house with two bathrooms that is going to be sold tomorrow.

You have found a comparison property that sold for $275,000 four weeks ago. It has three bedrooms and three bathrooms. You estimate values have been decreasing at a rate of $2,000 per week since that property transacted. Each bedroom is worth $30,000 and a bathroom is worth $15,000 in the respective market.what is your best estimate of the market price of the subject property tomorrow?
Business
1 answer:
Vladimir [108]3 years ago
3 0

Answer: $252,000

Explanation:

Property worth $275,000, 4 weeks ago had 3 bedrooms and 3 bathrooms.

House to be appraised has 3 bedrooms and 2 bathrooms meaning it has one less bathroom than the other house.

Value of bathroom is $15,000 so;

= 275,000 - 15,000

= $260,000

House to be appraised was worth $260,000 4 weeks ago.

Prices have been reducing at $2,000 per week for four weeks.

= 2,000 * 4

= 8,000

Value of house = 260,000 - 8,000

= $252,000

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Use the starting balance sheet and the list of changes to create an updated balance sheet and to answer the question.
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Answer: $3,300,000

Explanation:

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3 years ago
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Answer:

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You examine the schedule for your favorite soccer team. the team plays sixteen games each season. later, you try recalling that
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7 0
3 years ago
Sam invests $5,000 of his own money in his new auto detailing business. He then obtains a loan and builds a small workshop in hi
ki77a [65]

Answer:

Assets= 15,000

Liabilities= 10,000

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Explanation:

When he invests 5,000 of his own money that 5,000 is an asset as it is cash and the 10,000 he borrows is also an asset as it is cash. The liabilities are 10,000 as he has to pay 10,000 back and it is a loan so it is a liability also.

The owners equity is 5,000 as he invested 5,000 of his own money in the business and that is owners equity.

7 0
3 years ago
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