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Delvig [45]
3 years ago
7

An appraiser has selected a comparable sale that recently sold 85,000 inclusion in an appraisal. The comparabte has bedrooms, ba

th and a fireplace. The subject property has 3 bedrooms, 2 baths, and no fireplaceAnalysis by the appraiser indicates a bathroom is worth $2,500 and fireplace is worth \$1,200 . What the adjusted sales price of the comparable property?
Business
1 answer:
zhenek [66]3 years ago
5 0

Answer:

$86,300

Explanation:

The computation of the adjusted sales price of the comparable property is shown below:

= Sale value + worth of the bathroom - worth of the fireplace

= $85,000 + $2,500 - $1,200

= $86,300

We simply added the worth of the bathroom and deduct the worth of the fireplace to the sale value so that the  adjusted sales price of the comparable property could come

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Sage Company borrowed $3,000,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the
valina [46]

Question:

Riverbed Company is constructing a building. Construction began on February 1 and was completed on December 31. Expenditures were $5,400,000 on March 1, $3,600,000 on June 1, and $9,000,000 on December 31. Riverbed Company borrowed $3,000,000 on March 1 on a 5-year, 12% note to help finance construction of the building. In addition, the company had outstanding all year a 10%, 5-year, $6,000,000 note payable and an 11%, 4-year, $10,500,000 note payable. Compute avoidable interest for Riverbed Company. Use the weighted-average interest rate for interest capitalization purposes.

Answer:

The total avoidable interest is $743,040.00

Explanation:

Here we have        

Date         Expenditure              Period         Portion

Mar-01     $5,400,000.00         10/12     $4,500,000.00

Jun-01     $3,600,000                7/12             $2,100,000

Dec-31    $9,000,000                0/12            $0

Total                                                               $6,600,000.00

The weighted average expenditure is  $6,600,000.00

The weighted average rate using the notes payable loan is found by the following calculation

Type of loan Amount             Interest rate Interest incurred

Loan               $6,000,000             10%            $600,000.0

Loan               $10,500,000            11%             $1,155,000.00

Total              $16,500,000                                $1,755,000.0

Weighted average rate = Total interest incurred / Total loans

Weighted average = 1755000/16500000 = 0.10636 = 10.64%

The general interest is found by subtracting the specific loan from the weighted average expenditure

General = Weighted average expenditure - Specific loan

General =  $6,600,000.00 - $3,000,000 = $3,600,000.00

The avoidable interest is found  by summing the specific interest to the weighted average interest as follows

Type of loan    Amount            Interest rate Interest incurred

Specific            $3,000,000   12%   $360,000.00

General            $3,600,000   10.64% $383,040.0000

Total                                                               $743,040.00

The total avoidable interest = $743,040.00

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3 years ago
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ale4655 [162]
True maybe hope this helps
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Monsters Incorporated (MI) in ready to launch a new product. Depending upon the success of this product, MI will have a value of
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A and then d i’m pretty sure
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3 years ago
On January 1, Year 1, Marino Moving Company paid $48,000 cash to purchase a truck. The truck was expected to have a four useful
Ymorist [56]

Answer:

$10,000

Explanation:

Depreciation is charged to every asset based on the life and usage of such asset.

Straight line depreciation method charges equivalent depreciation each year of the useful life of the asset.

Here, as provided straight line depreciation = \frac{Cost\ of\ asset\ - Salvage\ value}{Life\ of\ asset}

Here, cost of asset = $48,000

Salvage value = $8,000

Thus, numerator in fraction = $48,000 - $8,000 = $40,000

Useful life of the asset = 4 years

Therefore, depreciation expense for each year = \frac{40,000}{4\ years} = 10,000

It will be same for each year, therefore, depreciation expense for year 2 = $10,000

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3 years ago
Suzanne, an HR specialist, is assessing training and development needs at
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