The appraised value of the house is after calculating interest and the value is $86,250.
<h3>What is appraised value?</h3>
A qualified appraiser or valuer's assessment of the assessed value of the real property is what is meant by an appraised value or mortgage valuation. It is typically utilized as a pre-qualification criterion and risk-based pricing component in connection with a financial institution's issuance of mortgage loans.
Calculation of appraised value of the house:
- First, calculate the yearly interest. $5,520 in interest total every year ($460 x 12).
- Take a loan for $69,000 at an interest rate of.08 on $5,520.
- Next, subtract $86,250 from $69,000 to get the appraised value.
Hence, the total appraisal value is $86,250.
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Answer:
C) low-ball technique.
Explanation:
The low ball sales technique is legal, although it is also deceiving. It refers to a technique where a good or service is offered at a low price to attract customers' attention, and then the product or service is offered at a much higher price to include all the amenities or functions initially offered.
This is a very common car sales technique where a car is advertised at a certain price and the features offered correspond to a higher trim. Once the customers approach the dealership, they are told that the advertised price was for the basic model and that the advertised car is actually worth much more.
Answer:
Estimated manufacturing overhead rate= $7.53 per direct labor hour
Explanation:
Giving the following information:
The company's executives estimated that direct labor would be $5,130,000 (190,000 hours at $27/hour) and that factory overhead would be $1,430,000 for the current period.
We need to use the following formula:
Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base
Estimated manufacturing overhead rate= 1,430,000/190,000= $7.53 per direct labor hour
