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IrinaK [193]
3 years ago
15

A property is being appraised using the gross rent multiplier. A comparable property that rents for $150 per month recently sold

for $24,000. If the property being appraised will rent for $165 per month, the sales price would be
Business
1 answer:
Helga [31]3 years ago
3 0

Answer:

The sales price of the appraised property is $26,400

Explanation:

The sales price of of the appraised property can be expressed as;

SA=(A/C)×SC

where;

SA=selling price of the appraised property

A=appraised rent per month

C=comparable rent per month

SC=selling price of the comparable property

In our case;

SA=unknown

A=$165 per month

C=$150 per month

SC=$24,000

replacing;

SA=(165/150)×24,000=$26,400

The sales price of the appraised property is $26,400

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2 years ago
It’s important to consider whether you should address an acquaintance formally or informally.
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True

Explanation:

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3 years ago
What would be the situation if the price was moved from p2 to p3
Korolek [52]

Answer:

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5 0
3 years ago
Read 2 more answers
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Vera_Pavlovna [14]

Answer:

1. How is a bond like an IOU?

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2. Why is an investment grade bond is considered a “safe” investment?

Investment grade bonds are those bonds that have a rating that is considered "safe". This rating is provided by agencies such as Standard and Poors or Moody's. It is the credibility behind these agencies that makes a bond with that type of rating a safe investment.

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7 0
3 years ago
Corporation had net income for 2016 of $ 42 comma 000. GAZ had 16 comma 000 shares of common stock outstanding at the beginning
andrey2020 [161]

Answer:

GAZ​'s ​price/earnings ratio is 4.8

Explanation:

In order to calculate GAZ​'s ​price/earnings ratio we would have to calculate the following formula:

GAZ​'s ​price/earnings ratio=market value per share/earnings per share

market value per share= $ 12

earnings per share=net income- preferred dividend/Average number of common shares

earnings per share=$42,000-$4,500/(16,000+14,000)/2

earnings per share=$2.50

Therefore, GAZ​'s ​price/earnings ratio= $ 12/$2.50

GAZ​'s ​price/earnings ratio=4.8

GAZ​'s ​price/earnings ratio is 4.8

3 0
3 years ago
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