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Juli2301 [7.4K]
3 years ago
6

Under the sales comparison approach to valuation, a subject property has 3 bedrooms, two bathrooms and is on a golf course. The

comparable property has 3 bedrooms, two bathrooms and is not on a golf course. The comparable property is priced at $690,000. The value of a golf course location is estimated to be $70,000. How much should you price the subject property?
Business
1 answer:
kondaur [170]3 years ago
8 0

Answer:

The subject property should be valued at $760,000

Explanation:

Sales comparison approach to valuation in real estate values properties by comparing their similar characteristics, and the features are priced. The total value of a property is thus the addition of all features.

In the instance given, both properties have 3 bedrooms and 2 bathrooms and so using comparison theses features are equally priced at $690,000.

So the property with the golf course will have $690,000 added to the value of the golf course ($70,000).

That is $760,000.

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An investment offers €4,000 per year for 10 years, with the first payment occurring one year from now. (Do not include the euro
PilotLPTM [1.2K]

Answer:

25,670.80€

Explanation:

this is an ordinary annuity since the first payment occurs one year from now. The present value of an ordinary annuity is given by the following formula:

present value = annual distribution x PV annuity factor

  • annual distribution =4,000
  • PV annuity factor, 9%, 10 periods = 6.4177

present value = 4,000 x 6.4177 = 25,670.80€

8 0
3 years ago
Suppose the demand function​ (D) for golf clubs​ is: Qequals150minus1.00​P, where P is the price paid by consumers in dollars pe
nadya68 [22]

Answer:

P = $75 per club

n= 75,000 clubs

Explanation:

The demand and supply functions are:

(D): Q=150-1.00P\\(S): Q=1.00P\\

The equilibrium price is the price that yields a quantity demanded equal to the quantity supplied:

150-1.00P=1.00P\\P=\frac{150}{2}\\P=\$75

The number of units sold at that price is:

n=1,000*(1.00*75)\\n=75,000\ units

8 0
3 years ago
Carryon Company sells a product and a 12-month service package for that for a combined price of $800. Separately, the product an
anzhelika [568]

The part of the combined price allocated to the product is less than 50% which might be around 35-40%.

<u>Explanation:</u>

Since the price of the product all alone is $450 and the price of the service alone is $550, so the combined amount totals up to be nothing less than $1000. But the company under the discount and offer, offers the both things combined for $800.

This shows that the company is under some loss which it has to incur. The loss is of $200 under the discount to be offered to the clients which serves as the incentive to the customers.

3 0
3 years ago
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d1i1m1o1n [39]

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Most companies or organization tend to make use of direct deposit system to pay their employee salary or paycheck instead of giving them cash or  using check .

Inconclusion Direct deposit typically refers to your <u>employer</u> sending your<u> paycheck </u>electronically to your bank account.

Learn more about direct deposit here:brainly.com/question/3044615

6 0
2 years ago
In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decr
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In the second half of 2019, automobile sales in the United States were lower than they were in the second half of 2018. The decrease in auto sales impacts GDP because new automobiles are counted as <u>consumption </u>when purchased by households and <u>investment</u> when purchased by businesses.

Gross domestic product (GDP) is the overall monetary or market value of all of the goods and services produced within a country's borders in a particular time period.

GDP can be calculated by adding up all of the money spent by consumers, businesses, and the government in a given period. It may also be calculated by adding up all of the money received by all the participants in the economy.

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3 0
2 years ago
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