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WARRIOR [948]
3 years ago
11

A property has a monthly net income of $1800, and an appraiser believes a 9 percent rate of return is appropriate for the proper

ty. Its value would be estimated at____________.
A. 20000
B. 21600
C. 240000
D. 2400000
Business
1 answer:
mart [117]3 years ago
8 0

Answer:

estimated value =  $240000

so correct option is C. 240000

Explanation:

given data

net income = $1800

rate of return = 9%

to find out

estimated value

solution

net income annual will be  = net income ×  12 (months)

net income annual  = $1800 ×  12

net income annual  = $21,600

so estimated value will be

estimated value = \frac{net\ income\ annual}{rate}

estimated value = \frac{21600}{0.09}

estimated value =  $240000

so correct option is C. 240000

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What is a competitive​ market? A. a market in which a good can be bought and sold at the same price B. a market in which a good
Wittaler [7]

Answer:

The correct answer is letter "A": a market in which a good can be bought and sold at the same price.

Explanation:

Competitive markets are those with large numbers of producers fighting against each other to fulfill consumers' needs. In these markets, the producers and consumers cannot determine the price of the goods or services being traded. Both <em>participants are price-takers</em> which imply they will come to a point in which the price level offered by producers and desired by consumers will be equal.

5 0
3 years ago
Alliance Company budgets production of 35,000 units in January and 39,000 units in the February. Each finished unit requires 4 p
harkovskaia [24]

Answer:

$506,800

Explanation:

The calculation of budgeted materials cost is shown below:-

For computing the budgeted materials cost first we need to find out the total materials for production and materials to be purchased which is here below:-

Total materials for production = Budgeted production × Pounds of raw material per unit

= 35,000 × 4

= 140,000

Materials to be purchased = Total materials for production + Ending raw materials inventory - January 1 inventory

= 140,000 + (39,000 × 4 × 30%) - 42,000

= 140,000 + 46,800 - 42,000

= 186,800 - 42,000

= 144,800

Budgeted materials cost for January = Materials to be purchased × Cost per pound

= 144,800 × $3.50

= $506,800

6 0
2 years ago
Read 2 more answers
Catherine Jones has determined the following information about her own financial situation. Her checking account is worth $750 a
guapka [62]

Answer:

$150,450

Explanation:

With regards to the above, her assets are: checking account, savings account, Home, furniture and appliances, laptop, mutual fund, car and retirement account.

= $750 + $1,900 + $91,000 + $11,000 + $3,300 + $5,500 + $37,000

= $150,450

Therefore, the total value of her asset is $150,450

5 0
2 years ago
Why do countries trade?​
Helen [10]

Answer:

Most of the time it's simply for goods another country has that they don't.

Explanation:

Back around 1500 china traded with places like Europe, Africa and other parts of Asia simply for different spices and resources.

8 0
2 years ago
This morning, you purchased a seventeen-year, 6.45% annual coupon bond with face value of $1,000 at a price of $1,030.04. Just a
iogann1982 [59]

Answer:

6.73%

Explanation:

the price of the bond in seven years is:

PV = $1,000 / (1 + 5.50%)¹⁰ = $585.43

PV of coupon payments = $64.50 x 7.538 (PVIFA, 5.5%, 10 years) = $486.20

market price = $1,071.63

using an excel spreadsheet of financial calculator, the annual rate of return:

year 0 = -1030.04

year 1 = 64.5

year 2 = 64.5

year 3 = 64.5

year 4 = 64.5

year 5 = 64.5

year 6 = 64.5

year 7 = 1136.13

IRR = 6.73%

8 0
2 years ago
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