A property's known zoning is residential, but an appraiser values it on the basis of its zoning being commercial. proper disclosures are made in the report, The appraiser has used A hypothetical condition in this appraisal.
Municipal or local laws or regulations that govern how real property can and cannot be used in specific geographic areas are referred to as zoning. Zoning laws, for example, can restrict commercial or industrial use of land to prevent oil, manufacturing, or other types of businesses from constructing in residential areas.
These laws can be modified or suspended if the construction of a property will benefit the community's economic advancement. Local governments can change zoning laws as long as they comply with state and federal laws, and a specific plot of land can be rezoned based on consideration. Residential, commercial, agricultural, industrial, and hotel/hospitality zoning classifications are examples of more specific designations.
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Answer:
It suggests that they are not doing anything competitively different.
Explanation:
Network externalities if well harnessed should bring about an increase in end users satisfaction and value derived.
Multi housing costs, ordinarily, and when taken as a whole, should results to an overall minimization of the total costs. Economics of scales and other resources are centrally allocated here, and the effect should be a gain to the entity.
Level of differentiation across firm's offerings - products or services, signals the procedures an organization adopt to mark the uniqueness of their products or services. It shows how distant they are among the other varying sets.
Thus, from the case given, the four firms have the same share of the market - 25%. The implication is that as far as we are concerned, their level of activities and postures in the market is same and/or similar. This ultimately cuts across the network externalities, multi housing costs and the level of differentiation of firm's offerings. They are thus not competitively different.
Answer: For each of the following companies, each company would be more likely to use:
a. Janitorial services company - <u>Job costing.</u>
b. Soup manufacturer - <u>Process costing.</u>
c. Commercial plumbing contractor - <u>Job costing.</u>
d. Toothpaste manufacturer - <u>Process costing.</u>
e. Catering service - <u>Job costing.</u>
Answer:
The journal entries are required with corresponding effect on retained earnings;
Explanation:
a. Cash 10,000*3 Dr.$30,000
Common Stocks 10,000*1 Cr.$10,000
Paid in Capital-Common Stocks 10,000*(3-1) Cr.$20,000
b. Dividend Expense Dr.$30,000
Dividend Payable Cr.$30,000
c. Dividend Payable Dr.$30,000
Cash Cr.$30,000
d. Treasury stock 500*12 Dr.$6,000
Cash Cr.$6,000
The retained earnings will reduce by the dividend amount of $30,000 declared and paid.
Answer: $450,225
Explanation:
Product costs = Direct materials + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead
= (21,750 * 7.80) + (21,750 * 4.80) + (21,750 * 2.30) + (21,750 * 5.80)
= 169,650 + 104,400 + 50,025 + 126,150
= $450,225