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Morgarella [4.7K]
3 years ago
8

An appraiser prepared an appraisal report in April 2019. He testified in court regarding the value of the property in January 20

20. The decision was rendered in February 2020 and was appealed in April 2020. The appellate court heard the case in January 2021 and remanded the case for reconsideration by the lower court. Final disposition of the case occurred in September 2021. At a minimum, how long must the appraiser retain his workfile?
Business
1 answer:
Salsk061 [2.6K]3 years ago
7 0

Answer: April 2024

Explanation:

Based on the information given in the question, at a minimum, the appraiser must retain his workfile till April 2024.

It should be noted that appraisal records should be kept for at least a period of 5 years. In a situation whereby there is a report which is involved in the litigation, then such file must be maintained for a further two years. This is according to the Uniform Standards for Professional Appraisal Practice Record Keeping Rule.

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Page 529 16.3. what is supply-side fiscal policy? identify each policy action as being focused on the demand side, the supply si
boyakko [2]

Answer:

<em>From the example given,the 4 answer s to the question consist of both the demand and supply side, demand side, supply side.</em>

<em>It is explained better in the explanation box below.</em>

Explanation:

<em>Solution to the question</em>

<em> </em><em>Categories</em><em>          </em><em>Demand side</em><em>      </em><em> Supply side </em><em>            </em><em>Both</em>

<em>(1)Increasing spending on ‘Shovel ready”’ projects is on </em><em>Demand Side</em>

(2)Lowering income tax rates at all income level is Both

<em>(3)Research grant for a corporation developing new technologies is on </em><em>Supply side</em>

(4)Stimulus packages for firms that are too big to fail is on Demand Side

(5) Government funded scholarship for college students: is on Supply Side

6 0
3 years ago
Suppose that the prices of good A and good B were to suddenly double. If good A is plotted along the horizontal axis and good B
Zigmanuir [339]

Answer:

The correct answer is option b.

Explanation:

A budget line shows the maximum possible combination of two goods that a consumer can purchase by spending his/her whole income.  

The quantities of those two goods are mentioned on both the axes. If the price of both the products is doubled. The consumer will be able to afford half the quantity than what he was consuming earlier.  

This will cause the budget line to shift to the left. This new budget line will be parallel to the initial one. The slope of the budget line will remain the same.

7 0
3 years ago
wants to have a weighted average cost of capital of 9.0 percent. The firm has an after-tax cost of debt of 6.0 percent and a cos
kogti [31]

Answer:

33.33%

Explanation:

WACC can be calculated using the following formula:

WACC = Ke * (E/V)       +    Kd(1-T) * (D/V)

Here

V = Market Value of Equity + Market Value of Debt

Or simple we can write it as:

V = E + D

kd(1-T) is after tax cost of debt which is given in the question and is 6%.

Ke = 9% cost of equity

WACC = 9%

So by putting values we have:

9% = 11% * (E/V) +  6% * (D/V)

Which means:

0.09 = 0.11(E/V) +  0.06(D/V)

By multiplying by (V/E), we have:

0.09(V/E) = 0.11 + 0.06(D/E)

As we know that the V/E is just the equity multiplier, which is equal to:

V/E = 1 + D/E

So by putting value we have:

0.09(D/E + 1) = 0.11 + 0.06(D/E)

Now, we can solve for D/E as:

0.09(D/E) + 0.09 = 0.11 + 0.06(D/E)

0.09(D/E) - 0.06(D/E) = 0.11 - 0.09

0.03(D/E) = 0.03

(D/E) = 0.02 / 0.03 = 33.33%

4 0
2 years ago
What do disability insurance and life insurance have in common?
crimeas [40]

Answer:

Both cover an unexpected loss of income.

Explanation:

Both life insurance and disability insurance protect personal finances during a disaster.  Life insurance pays beneficiaries when the insured dies. Disability insurance compensates for lost income when one is unable to work as a result of injuries.  

Life and disability insurance policies are about financial loss protection. Life insurance protects the insured's beneficiaries against financial loss when the insured dies, while disability insurance covers the insured against any financial loss due to the inability to work.

4 0
3 years ago
Read 2 more answers
Bob Bungler, owner of Bungler Appraisals, has received an assignment to appraise a property located in a small town that has one
umka2103 [35]

<u>Answer:</u>

<em>(A) Principle of Supply and Demand </em>

<u>Explanation:</u>

In economic theory, the law of the organic market is viewed as one of the significant standards administering an economy. It is depicted as the state though supply expands the cost will in general drop or increase, and as request builds, the price will in general increment or the other way around. The increase in demand is equivalent to moving the blue line to one side. A model would be twice the same number of clients needing to purchase the item because of good verbal exchange and promoting.

3 0
3 years ago
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