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defon
3 years ago
13

When a homeowner wants to sell his or her home, the property is typically posted on a regional listing service. In a particular

region, 60% of the new properties added to the listing service in an average week are ``houses''. The remaining 40% of new listings added are ``condominiums''. The average house listed on the service stays there for 4.5 weeks, before it is either sold or the listing taken out for other reasons. The average condominium stays listed for 8.25 weeks. What percent of active property listings on the service (i.e., properties posted on the listing service but not yet removed) are condominiums?
a. 40
b. 50
c. 55
d. 60
Business
1 answer:
soldier1979 [14.2K]3 years ago
4 0

Answer:

c. 55

Explanation:

As for the provided information, we know that

Percentage of active condominiums shall be calculated where the base shall be total property and the numerator shall be the active condominiums.

As provided condominiums = 40%

Active condominiums = 8.25 \times 40% = 3.3

Total property time = 8.25 \times 40% + 4.5 \times 60%

= 3.3 + 2.7 = 6.0

Therefore, percentage of active condominiums = \frac{3.3}{6.0} \times 100 = 55%

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Beginning inventory is the ending balance in the previous financial period. It is the finished product balance brought forward of the prior period. Net purchases are the purchases adjusted for discounts and purchase returns. The costs of goods available for sale minus ending inventory will equal to the costs of goods sold.

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3 years ago
AnthonyAnthony​'s Chair Factory currently employs 100100 ​workers, who produce 800800 chairs. If AnthonyAnthony hires a 101101st
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Answer:

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Explanation:

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solution

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3 years ago
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3 0
3 years ago
Foyert Corp. requires a minimum $30,000 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid mont
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Answer:

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Download xlsx
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3 years ago
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Answer:

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