$1,267,500
To calculate estimated value using GRM (gross rent multiplier) you need to take the <u>annual</u> rental income times the GRM.
Monthly income= $625 so annual income= $625*12 months=
$7,500 annual * 169 GRM= 1,267,500
Business is an organization that provides goods and services while seeking to operate at a profit
<h3>What is Business?</h3>
A Business is organization that it's major operations are towards making profit by manufacturing goods and services to satisfy its customers. Businesses can meet the needs of consumers by providing services and products of medical care, autos, and countless other goods.
Therefore, Business is an organization that provides goods and services while seeking to operate at a profit.
Learn more on Business from the link below.
brainly.com/question/14346033
Answer:
assets = liabilities + equity
a) NA - $6,400 AP
<u>+ $6,400 NP</u>
net effect $0
b) NA + $128 interest - $128 retained
payable earnings
c) -$6,528 cash -$6,400 NP NA
-$128 interest p.
revenue - expenses = income
a) NA NA NA
b) $0 $128 -$128
c) NA NA NA