Answer:
The estimate value of the subject property is $8,269,200
The other information that would be desirable in reaching a conclusion:
The closeness of the property to central business districts as the closer it is the higher the asking price.
The estimate was solely based on revenue, the applicable costs have been ignored.
The average taken might not be a good indication for the subject property because the property might have unique features
Explanation:
The formula for Gross Rent Multiplier is given Property Price / Gross Monthly Rental Income.
In determining the estimate value of the subject property ,we calculate the gross rent multiplier of the new property,then multiply it with the annual rental income.
In ascertaining the GRM of the new property we take the average GRM of the two similar properties in the same area.This is because the new property judging from number of units, lies in-between the other two properties.
GRM for Oaks
GRM=$9000000/($550*140)
GRM =116.88
GRM for Palms
GRM=$6,600,000/($650*90)
GRM =112.82
The average GRM=(116.88+112.82)/2
=114.85
Subject property price=114.85*(120*$600)
=$8,269,200
Answer:
6 salespersons
Explanation:
A histogram shows the graphical representation of the distribution of numerical data using bars of different lengths.
From the histogram:
The number of salespersons who sold 11 - 12 packages = 1
The number of salespersons who sold 13 - 14 packages = 2
The number of salespersons who sold 15 - 16 packages = 3
Therefore the new agents who sold more than 10 vacation packages = 1 + 2 + 3 = 6 salespersons
Answer:
Correct option is (d)
Explanation:
Corporate social responsibility is an initiative taken by companies to act for the benefit of the society. Since companies utilize resources from the society, it their responsibility to give back to the society in the form of charity to non governmental organizations, welfare of underprivileged and protecting the environment.
Here, though Enron was undertaking unethical means for personal benefits, it was also carrying out corporate social responsibility by donating to Houston area charities.
Answer:
Limited Liability Partnership / Limited Liability Company.
Explanation:
- Limited Liability Partnership: A limited liability relationship is a company in which certain or all members have defined obligations, based on the law. Consequently, it can show collaboration and organizational features. Each partner in an LLP is not accountable or liable for any wrongdoing or incompetence of another party.
- Limited Liability Company: A limited liability company is a management structure whose proprietors are not personally responsible for the obligations or responsibilities of the business. Limited liability corporations are hybrid organizations that combine a company's features with that of a partnership or sole business entity.
