1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
allsm [11]
3 years ago
15

While it is often sufficient to rely on informal methods of estimating the market value of real estate assets, the complexity an

d large dollar value of many real estate decisions dictate that formal estimates based on methodical collection and analysis of relevant market data should be utilized. The unbiased written estimate of the market value of a property is commonly referred to as a(n) __________.A) arm's length transaction
B) appraisal
C) property adjustment
D) reconciliation
Business
2 answers:
VladimirAG [237]3 years ago
4 0

Answer: Appraisal

Explanation:

To be able to get the right information about the value of a property to be sold an appraisal has to be conducted on the building. An appraisal of a property is simply a proper evaluation of that property's current market value before it's sold.

bazaltina [42]3 years ago
4 0

Answer:

B) appraisal

Explanation:

In real estate, an appraisal is a real property valuation that must be carried out by a certified property appraiser. A certified property appraiser is a trained professional who is licensed and belongs to the Appraisal Institute.

There are even different types of appraisers:

  1. Licensed real property appraiser: can appraise 1 to 4 non-complex properties with total value of $1 million, or 1 to 4 complex properties with total value of $250,000
  2. Certified residential real property appraiser: can appraise 1 to 4 residential units, no price limit or complexity requirement.
  3. Certified general real property appraiser: can appraise all types of properties.
You might be interested in
A flexible budget for 15,000 hours revealed variable manufacturing overhead of $90,000 and fixed manufacturing overhead of $120,
Ket [755]

Answer:

B. $270,000.

Explanation:

The computation of the total overhead cost is shown below:

But before that first we have to find out the variable overhead per hour which is

= $90,000 ÷ 15,000

= $6 per hour

Now

Variable overhead for 25,000 hours is

= $6 per hour × 25,000

= $150,000

So,

Total overhead cost is  

= Variable overhead for 25,000 hours + Fixed overhead cost

= $150,000 + $120,000

= $270,000

hence, the correct option is B. $270,000

6 0
3 years ago
You decide to purchase an equal number of shares of stocks of firms to create a portfolio. If you wished to construct an index t
Bond [772]

Answer:

Price weighted index

Explanation:

A price weighted index is an index used in stocks where each company that is part of the index makes up a fraction of the total, and is proportional to its price per share.

Higher weight is given to sticks that have higher prices.

Rice weighted index is a good way to track track portfolio performance that best match for your portfolio.

3 0
3 years ago
For the year ended December​ 31, 2019, Davidson Mart had sales of​ $800,000 and cost of goods sold of​ $600,000. Davidson estima
Anit [1.1K]

Answer:

800,000/600,000=1.33

Profit percentage = 1.33-1=0.33=33%

0.02*800,000=16,000 worth of goods returned

Profit= 0.33*16,000=5280

COGS= 16,000-5280=10,720

Adjusting Entry

                                 Debit                  Credit

Goods returned         10,720

Profit                           5,280

Cash                                                    16,000

Explanation:

3 0
3 years ago
For a new product to be profitable, it must Multiple Choice enable customers to obtain greater total utility from their money in
Sidana [21]

Answer:

have greater marginal utility than existing substitute products

Explanation:

Utility is the satisfaction derived from consuming a good or service.  Products or services that meet or exceed customers' expectations are deemed to have a high utility value. Goods that do not adequately address customers' needs are considered to be of low utility value.

Goods and services deemed to be of high utility value are always in high demand. Consumers will be willing to pay more for such commodities. A product with high utility value will outsell its competitors in the market.

8 0
3 years ago
3 uses of money supply
zalisa [80]

Answer:

Money serves as a medium of exchange, as a store of value, and as a unit of account.

7 0
3 years ago
Other questions:
  • In a good system of internal control, the person who initiates a transaction should be allowed to effectively control the proces
    14·1 answer
  • Wilfred Nadeau owns 300 shares of Consolidated Glue. The​ company's board of directors recently declared a cash dividend of 45 c
    8·1 answer
  • Treasury bills are paying a 4% rate of return. A risk-averse investor with a risk aversion of A = 3 should invest entirely in a
    15·2 answers
  • Jasmine is the director of marketing for a chain of clothing stores. She has been given a set budget and needs to drive as many
    6·1 answer
  • Economists use the word marginal to mean an extra or additional benefit or cost of a decision. An optimal decision occurs when _
    12·1 answer
  • In the country of Mashwen, the state owns key industries such as energy andtransportation. The rest of the industries are privat
    9·1 answer
  • A county real estate appraiser wants to develop a statistical model to predict the appraised value of houses in a section of the
    10·1 answer
  • Intermediaries are businesses involved in selling the goods and services of producers to consumers and other businesses.
    5·1 answer
  • a manufacturing company has been facing codification challenges caused by fluctuating levels of stock.stires departments must ma
    12·1 answer
  • How is the market supply curve derived from the supply curves of individual producers?.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!