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vesna_86 [32]
2 years ago
6

If the monthly rent of a property is $3,000, and the gross rent multiplier (GRM) is 80, what is the value of the property?

Business
1 answer:
notka56 [123]2 years ago
3 0

Answer:

$2,880,000

Explanation:

The formula for the purpose of calculation of gross rent multiplier (GRM) is given as follows:

GRM=Value of the property/Annual rent value

Value of the property=?

GRM=80

Annual rent value=$3,000*12=$36,000

80=value of the property/36,000

value of the property=36,000*80

                                  =$2,880,000

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Rehearsal

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The process Randy used to encode the number into longer-term memory is called rehearsal

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2 years ago
Suppose you have the following information on Sam's budget. Sam has a yearly budget of $2000 to spend on consuming concert ticke
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Answer:

Bundles                           A           B           C           D

Concert Tickets              80         60         20          0

Books                              0          50        150        200

Explanation:

Since each concert ticket costs $25,

  • if Sam spends $2,000 on concert tickets, he will purchase 80 tickets
  • if he spends $1,500 on concert tickets, he will purchase 60 tickets
  • if he spends $500 on concert tickets, he will purchase 20 tickets

Since each concert ticket costs $10,

  • if Sam spends $2,000 on books, he will purchase 200 books
  • if he spends $1,500 on books, he will purchase 150 books
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2 years ago
All of the following statements are true regarding negotiated municipal underwritings EXCEPT the:A initial offering price of eac
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D

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3 years ago
Acme Global had to put its plans to build a new plant on hold when interest rates went up and the organization was not able to b
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The economy

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The external environment refers to the outside factors that can affect an organization's operations. One of those factors is the economy as changes on things like exchange rates, interest rates and taxes can provide opportunities or create threats for a company. According to this, the answer is that this represents the influence of the economy in the external environment on the organization as the increase on the interest rates didn't allow the company to borrow the money to build the plant.

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3 years ago
Clonex Labs, Inc., uses a process costing system. The following data are available for one department for October:
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Answer:

Equivalent units of Production = 46500 & 37800

Explanation:

At the start of October, Clonex Labs inc, started with 385000 units into production and at the end of the month it had completed 409000 units this means the difference between 409000 and 385000 is the number of units transferred to the next department (i.e 24000), now that we have computed this, we find ending work-in-process as follows:

Clonex Labs, Inc.                                           Materials   Conversion

Units transferred to the next department:    24000        24,000

Ending work in process :

Materials : 30000x75%                                  22500

Conversion : 30000x46%                                                    13800

                                                                      -------------        -------------

Equivalent units of Production =                    46500           37800            

                                                                     =========        ========  

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3 years ago
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