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3 years ago

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]3 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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3 years ago

Productive assets that are physically consumed in operations are:

katen-ka-za [31]

Answer:

B. Natural resources

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3 years ago

ABC Enterprises issues $400,000 of bonds paying a stated interest rate of 7%. The bonds are due in 10 years, with interest payab

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Answer:

$305,772.29

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Explanation:

The pv value approach in excel comes handy in determining the price of teh bond.

The formula is stated below:

=-pv(rate,nper,pmt,fv)

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Since the bond was be issued at a price lower than its face value,hence it was issued at a discount

Alternatively

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3 years ago

Read 2 more answers

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cost of cup and lemonade mix = $15.

A. Marah profit from the venture would be

= Sales made – Total cost

= $20 – $25

= –$5.

B. Based on the information above Marah should forget about Opening the lemonade stand as she would be running at a loss of $5.

C. The $10 spent on the sign is a sunk cost because it cannot he recovered after it has been spent.

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3 years ago

Which of the following is another word for a business or company? (Select the best answer.)

andreev551 [17]

The answer must be an enterprise
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