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An industry in which numerous price-taking firms produce identical products.
Option D is correct. A CMA is not an appraisal and should not be advertised as one.
<h3>What is a comparative market analysis?</h3>
This is the term that is used to refer to the market analysis that may
be done by the real estate agents.
The goal is to analyze and find out the existing prices in the market by the available listings and previous listings of properties. The reason why the real estate agencies carry out the CMA is to determine the right prices for home sellers to sell their homes.
On the other hand, the purpose is to enable the buyers of these homes to buy the properties at the best possible prices.
Complete question
The Comparative Market Analysis (CMA) is a tool for licensees; which statement below is correct about the CMA?
A) The CMA is the same as an appraisal
B) A CMA is an estimate of value and an appraisal is exact value
C) A CMA and an appraisal must both conform to USPAP standards
D) A CMA is not an appraisal - and should not be advertised as one
Read more on market analysis here;brainly.com/question/17246850
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Answer:
d. $75,000
Explanation:
total Los Angeles Bay Area Central Valley
Revenues $750,000 $200,000 $235,000 $325,000
Variable exp. $410,000 $110,000 $120,000 $180,000
Controllable $210,000 $65,000 $75,000 $70,000
<u>fixed expenses </u>
controllable $130,000 $25,000 $40,000 <u>$75,000</u>
profit margin
Noncontrollable fixed expenses and common fixed expenses are not included in the calculation of individual controllable profit margin.
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