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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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Identify and discuss the “needs” of a society.
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7 0
3 years ago
To ________, a marketer would most likely ask target audience members whether they remember the message, how many times they saw
pentagon [3]

Answer:

The correct answer is the option B: collect feedback.

Explanation:

First of all, the term<em> </em><em>feedback</em> refers to the<em> amount of information</em> that the marketer receives from the target audience in order <em>to understand if the decisions made were good</em> or if they were bad then understand in what they made a mistake and correct it.

Secondly, it is understandable that in order to do that the marketer needs to <em>ask the target audience </em>questions that might give important information such as <em>the frecuency that they saw the message, also if they remember the message and what points of it they can remember</em>.

6 0
3 years ago
Analytical skills give a manager the ability to identify problems creatively, generate _____ alternatives, and select the "best"
Airida [17]

Answer:

reasonable

Explanation:

Analytical skills are a set of skills that allow an individual to collect and analyze information, as well as make decisions accordingly in order to solve complex problems. This is a highly important set of skills for a manager to have since it allows them to identify problems creatively, and generate reasonable alternatives for the best outcome.

6 0
3 years ago
On July 1, 2019, Sheffield Corp. pays $20,700 to Kalter Insurance Co. for a 3-year insurance contract. Both companies have fisca
11111nata11111 [884]

Explanation:

The journal entries are as follows:

On July 1

Prepaid Insurance A/c Dr $20,700

           To Cash A/c $20,700

(Being prepaid insurance is paid)

On December 31

Insurance expense A/c Dr $

          To Prepaid insurance A/c $1,110

(Being the insurance expense is recorded)

The insurance expense is shown below:

= $20,700 ÷ 3 years × 6 months ÷ 12 months

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3 0
3 years ago
The aggregate supply curve slopes a. downward because firms can sell more at lower prices. b. upward because firms can hire work
RideAnS [48]

Answer:

The correct option is (b)

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Aggregate supply curve is upward sloping as output increase with the increase in price. In the short run, wage rate is fixed. As such, in the short run, firms can hire more workers at fixed wage rate. An increase in price indicates more profits, thereby increasing output.

This is the reason for upward sloping AS curve.

4 0
3 years ago
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