1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kolbaska11 [484]
2 years ago
5

Suppose that you were interested in building a luxury apartment complex in your hometown. In your analysis of local demographics

, you discover that the target market makes up only 5% (core market share) of the households that currently rent (or would be interested in renting) in this town. If market experts believe that a total of 5,000 apartment units will be rented in your entire hometown within the next year, what is the projected number of units the developer could expect to lease in year 1 if he is able to capture 20% of the market potential
Business
1 answer:
olga_2 [115]2 years ago
4 0

Answer:

The projected number of units the developer could expect to lease in year 1 if he is able to capture 20% of the market potential is:

= 1,000 apartment units.

Explanation:

a) Data and Calculations:

The percentage of households that currently rent in the town = 5%

Demographic of households in the town = 100,000 (5,000/5%)

Number of apartment units established by market experts to be rented in the entire hometown within the next year = 5,000 (5% of 100,000)

20% of the market potential = 1,000 (5,000 * 20%)

You might be interested in
In studies of seed production, why is it important to assign plots of land to either the control group or treatment group at ran
yulyashka [42]
The answer to this question is:  <span>d. it decreases the likelihood that plots that receive a particular treatment share other characteristics that might influence seed production
It is almost impossible to find out exact nutrition composition that exist within a soil. (which will play a huge factor in seed productin). So, to make the data more reliable, it is important to randomly assign plots of land as either the control group or the group that receive special treatment and grow the seed separately.</span>
7 0
3 years ago
Which of the following actions would likely raise life insurance premiums?
Dafna1 [17]
Living a non-smoker its b
6 0
3 years ago
Read 2 more answers
(1 point) Sam is applying for a single year life insurance policy worth $69,800.00. If the actuarial tables determine that she w
zepelin [54]

Answer:

The expected value might go down by $308.

Explanation:

Find the expected value of life insurance if the premium is $393.00

Do (393) * (0.99) - (69800) * (0.01)

The answer will be:

(393) * (0.99) - (69800) * (0.01) = -308

6 0
3 years ago
"For whom is a given mix of goods and services to be produced? How, in other words, are the society's outputs to be distributed
Sergio039 [100]

A. Money market through borrowing and saving by households and businessesB. Public sector through the mechanism of central planningC. Business sector through the mechanism of advertisingD.Private sector through the earning and spending of income

Private sector through the earning and spending of income

Answer: Option D.

<u>Explanation:</u>

A market economy is a monetary framework wherein the choices in regards to venture, creation and dissemination are guided by the value signals made by the powers of organic market.

The meaning of a market economy is one in which cost and creation is constrained by purchasers and dealers uninhibitedly leading business. A case of a market economy is the United States economy where the speculation and creation choices depend on organic market.

8 0
3 years ago
The Graber Corporation’s common stock has a beta of 1.8. If the risk-free rate is 5.8 percent and the expected return on the mar
Murljashka [212]

Answer:

16.96%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 5.8% + 1.8 × (12% - 5.8%)

= 5.8% + 1.8 × 6.2%

= 5.8% + 11.16%

= 16.96%

The (Market rate of return - Risk-free rate of return)  is also called market risk premium

3 0
2 years ago
Other questions:
  • Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 4.5% charge on sales for using its
    10·1 answer
  • Problem 08-1A Preparing and analyzing a flexible budget LO P1, A1 [The following information applies to the questions displayed
    7·1 answer
  • __________ implements a security policy that specifies who or what may have access to each specific system resource and the type
    15·1 answer
  • What is a system involving the use of the experience, knowledge, and attentiveness of all crew members in the decision making pr
    5·1 answer
  • When preparing the operating activities section of the statement of cash flows using the indirect method, non-operating gains ar
    10·1 answer
  • Sherry and John Enterprises are using the kaizen approach to budgeting for 2018. The budgeted income statement for January 2018
    13·1 answer
  • What is a subcontractor
    5·1 answer
  • Why do we need to budget our resistance/income
    8·1 answer
  • According to Maria Halmo, what is the most important aspect of managing finances?
    7·1 answer
  • Clarisa, an engineering manager, wants to purchase a resort accommodation to rent to skiers. She is considering the purchase of
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!