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mezya [45]
3 years ago
7

If house A had a sale price of $70,000, monthly rent of $500, and a GRM of 140; House B had a sale price of $68,500, monthly ren

t of $490, and GRM of 139.8 and House C had a sale price of $70,500, a monthly rent of $485, and a GRM of 139.6, what would be the value of a property which rented for $495 in the same neighborhood, assuming that house A is the best comparable?
Business
1 answer:
Lubov Fominskaja [6]3 years ago
7 0

Answer:

$69,300

Explanation:

Given the following :

House A :

Sales price = $70,000

Monthly rent = $500

GRM = 140

House B :

Sales price = $68,500

Monthly rent = $490

GRM = 139.8

House C :

Sales price = $70,500

Monthly rent = $485

GRM = 139.6

The gross rent multiplier GRM is obtained as the proportion of the sale price of a property to it's monthly rent.

GRM = (Sales price / monthly rent)

If a property is rented for 495 and house A is the

most comparable, then

Sales price will be closest to:

GRM of House A × monthly rent of property

140 × $495 = $69,300

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Alecsey [184]

Answer:

a. Define the basic business functions that you need the software to be able to perform.

Explanation:

The main function of a business needs to be determined so that business strategy can be formulated. The office manager has made an agreement to spend up to $1000 on the new software. It is now required to determine the basic functions which are needed in the new software for business functioning.

4 0
2 years ago
Most companies allocate facility-level activity costs directly to products for decision-making purposes.True or false?
Finger [1]

Answer:

False

Explanation:

Facility-level costs are being the type of activity based cost activities and it simply sustains a facility’s general manufacturing process. We can say some samples about this type of costs:

1) The costs about depreciation or rent of a factory building  

2) The costs about salary of a plant manager

3) The costs about insurance, taxes, etc.  

4) The costs about training

As you see all about this cost mentioned only in manufacturing processes not in decision making.

4 0
3 years ago
"When people act contrary to their self-perceptions as reasonable and sensible people, they experience a feeling known as ______
blondinia [14]

Answer:

The answer is letter D. Cognitive Dissonance

Explanation:

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7 0
3 years ago
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daser333 [38]

Answer:

each firm simultaneously increased output above the Nash equilibrium level.

Explanation:

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Cournot duopoly also known as the Cournot competition, is an economic model where two (2) business firms having identical cost functions compete in a oligopolistic market of imperfect competition with homogeneous products.

Under the Cournot duopoly, the competing firms offer identical products and thus, choose an amount or quantity to produce independently and at the same time because they cannot collude.

Both firms in a Cournot duopoly would enjoy lower profits if each firm simultaneously increased output above the Nash equilibrium level.

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4 years ago
What are the functions of business.
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The most likely answer is option D
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3 years ago
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