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irinina [24]
3 years ago
5

Jane is preparing a CMA for a seller’s property. She chooses three comparables and makes the adjustments to take into account ea

ch one’s differences with the seller’s property. Comparable 1 has an adjusted value of $289,500. Comparable 2 has an adjusted value of $295,700. Comparable 3 has an adjusted value of $291,300. How will Jane arrive at an estimate of the value of her seller’s property?
Business
1 answer:
Inessa05 [86]3 years ago
4 0

Answer:

Jane will arrive at an estimate of the value of her seller’s property by calculating the average for the 3 comparable adjusted values that she has obtained.

This means that the value of the property should be around $292,167.

Explanation:

a) Data and Calculations:

Adjusted values of:

Comparable 1 = $289,500

Comparable 2     295,700

Comparable 3      291,300

Total values =   $876,500

Average value = $292,167 ($876,500)

b)A comparative market analysis (CMA) is a series of steps followed to estimate a property's value based on some recently sold and similar properties at same locations as the property being offered for sale or purchase.  It is used by the real estate agents and brokers to create their CMA reports, which help the real estate sellers to set the best listing prices for their properties.  It is also used by buyers to help them make competitive offers for homes on sale.

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For the most recent year, Camargo, Inc., had sales of $594,000, cost of goods sold of $255,330, depreciation expense of $67,900,
defon

Answer: 2.61 times

Explanation:

Times Interest ratio = Earnings before Interest and Tax / Interest

Earnings before Interest and tax = Sales - Cost of goods sold - Depreciation expenses

= 594,000 - 255,330 - 67,900

= $270,770

Net Income = Addition to retained earnings + Total dividends paid

Net income = 80,300 + ( 27,500 * 1.64)

= $125,400

Earnings before tax = Net Income/ ( 1 - T)

= 125,400/ ( 1 - 0.25)

= $167,200

Interest = Earnings before interest & tax (EBIT) - Earnings before tax (EBT)

= 270,770 - 167,200

= $103,570

Times Interest ratio = 270,770 / 103,570

= 2.61 times

5 0
4 years ago
Michigan Cranberry Company sold $10 million worth of cranberries it produced. In producing cranberries, it purchased $1 million
drek231 [11]

Answer:

$9 million

Explanation:

Gross domestic product is defined as the total monetary value of all goods and services produced by a country in a given period. It is used to measure the countries wealth and economic growth .

GDP can be calculated based on expenditure, production, or by income.

Types of GDP measurements include real GDP, nominal GDP, GDP growth rate, and GDP per capita.

Gross domestic product= Total output - intermediate goods in production {products from Canada}

Gross domestic product= 10 million- 1 million

Gross domestic product= $9 million

3 0
4 years ago
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Mason Holdings is expected to pay dividends of $.20 every quarter for the next three years. If the current price of Mason stock
Nesterboy [21]

Answer:

Price of the stock at the end of three years =$34,27

Explanation:

Price of the stock today = \frac{D1}{(1+ke)^1}+\frac{D2}{(1+ke)^2}+\frac{D3}{(1+ke)^3}+\frac{P3}{(1+ke)^3}.

Where D1 is the total dividend earned in year 1 =$0.2*4=$0.8

D1=D2=D3=$0.8

therefore, from the given information

$22.60=\frac{0.8}{(1+0.18)^1} + \frac{0.8}{(1+0.18)^2} +\frac{0.8}{(1+0.18)^3} + \frac{P3}{(1+0.18)^3}.

Solve for P3, which is the price of the stock at the end of three years =$34,27.

8 0
3 years ago
The cost structures of a monopoly have ____________ relationships among fixed costs, variable costs, marginal costs, and average
Ksju [112]

The cost structures of a monopoly have the same relationships among fixed costs, variable costs, marginal costs, and average cost values as pure competition.

Profits for the monopolist, like all organization, can be identical to total revenues minus total costs. The sample of costs for the monopoly may be analyzed inside the identical framework because the costs of a perfectly competitive firm—that is, with the aid of using using total cost, fixed cost, variable cost, marginal cost, average cost, and average variable cost.

However, due to the fact a monopoly faces no competition its situation and its choice method will fluctuate from that of a superbly aggressive organization.

<h3>What is Monopoly Price?</h3>

A monopoly price is set by a monopoly. A monopoly occurs when a firm lacks any viable competition and is the sole producer of the industry's product. Because a monopoly faces no competition, it has absolute market power and can set a price above the firm's marginal cost. Since marginal cost is the increment in total cost required to produce an additional unit of the product, the firm can make a positive economic profit if it produces a greater quantity of the product and sells it at a lower price.

Learn more about Monopoly on:

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8 0
2 years ago
Treasury stock​ ________. A. decreases the number of shares issued B. increases the number of shares outstanding C. increases th
arsen [322]

Answer:

Correct option is (D)

Explanation:

Treasury stock refers to that part of  shares outstanding held by the investors that is bought back by the organization. As such, treasury stock decrease the number of shares outstanding.

Shares outstanding refers to the total number of shares held by investors currently. Difference between issued and shares outstanding represent treasury stock. It reduces both cash (asset) and total stockholder's equity of an organization.

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